MSE News: Halifax: House prices up in October

neas

brit1234 wrote: »

He is getting more and more desperate since we have had another set of year on year figures with negative house prices. He keeps seizing on any figure to prove his theory of limitless house price rises an then ignores them the next month when they are negative.

He just can't understand the economics of it and forced onto here as he has been banned from other forums.

You have to feel sorry for him as desperate ramping and Homes under the hammer is all he has got left.

Brit... the data clearly shows a stagnate market... whether said market will rise or fall in the next 5 years... who knows but the fact we have low interest rates and an increasing population.... is an indicator of HPI... and the economic situation is a plus for HPC... they are balancing one another out at the moment.

I feel sorry for you mate and Hamish.. your both the ying and Yang of house price crach/inflation stupidity. Just look at the data unbiased... Overally inflation will return things for people to get on market easier...

The system as it stands is funny... BTLers are maintained through individuals like you brit.. renting.. paying their mortgages for them.. as there are X amount of people and only Y amount of houses whether some of X people rent some of Y houses and some of X own some of Y houses... people still need roof over their head.

Glad i didnt listen to either of your predictions and just bought in July 2010, 1 year 4 months of enjoyment of my home... Kitchen done, bedroom skimmed, baby on the way.. Basically i moved on with my life... providing a safe home for my family.

1 year turned to 2, 2 to 3, and now 3 to 4, soon it will be 4 to 5 years. 5 years is the length of fix most people take on mortgage.. long time to wait innit gov?

MiserlyMartin

HAMISH_MCTAVISH wrote: »

:rotfl:

It's quite clear to everyone.

This is the best time in history to have a mortgage.

The savings from low rates and the low margins available to pre-crash buyers have now exceeded the fall in house prices, on average.

Furthermore rents have soared to new record highs, making the decision to delay purchase quite foolish in the majority of areas.



Still desperately looking for the crash that ended 2 years ago, eh Martin.:cool:

Personally I have been a homeowner since the 90's so have no bias in looking for a cheap home. (They were reasonably priced then) You however, are a buy to let speculator in it for your own personal gain, coming on here trying to talk the market up and gloating about how expensive houses are and how expensive rents are. Wishing misery to the have nots. Its people like you who have priced out todays FTBs and caused many of the problems that lead to the 2007 crash, which is still playing out now and has only partly corrected house prices through zero base rates. But, as is with happening with the Eurozone debt problems, this can only be disguised and delayed for so long, eventually the market will return to fair value, but probably made far worse a crash than it needed to be by mega propping up.

You my friend are deluded - even with the props, housing is still falling in nominal terms and far more when inflation is taken into consideration. More again when priced in anything but the UK £.

There is only one way for UK house prices, the quicker it gets there is all the better for the suffering teens to 20 somethings who have a pretty bleak future ahead economically and financially.

pinkshoes

I very much doubt house prices are going to rise or fall much over the next 5 years, so I'd say now is an excellent time to buy given the excellent deals on mortgages!

HAMISH_MCTAVISH

MiserlyMartin wrote: »

You however, are a buy to let speculator

False.

I don't own any BTL, and never have.

housing is still falling in nominal terms

False again.

House prices rose last month on both Nationwide and Halifax.

Nationwide has also now gone year on year positive.

far more when inflation is taken into consideration. More again when priced in anything but the UK £.

And yet, still cheaper than renting, even including the falls in price.

There is only one way for UK house prices,.

True.

A period of minor fluctuations as we bump along the bottom, followed by the next boom and then the next bust as the cycle repeats like it always does. :cool: