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House prices rising in uk

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Comments

  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    MatteH wrote: »
    Source of this 'info' please?

    Probably here:
    http://www.thisismoney.co.uk/money/article-2043863/Buying-cheaper-renting-90-major-towns--ignore-hefty-deposit-needed.html?ITO=1490
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    HAMISH_MCTAVISH wrote: »
    Well that's a bit embarrassing for you....

    I almost feel bad pointing it out, but inflation is an annual figure.

    Property rose 1.2% last month alone.;)

    Probably one of the best posts I've read on here in ages!!

    Too easy for you Hamish!

    :beer:
  • savepete
    savepete Posts: 52 Forumite
    The UK is running at nearly 5% inflation. So nominal house prices should go up, even if they are going down after inflation. House prices rising slower than the rate of inflation is what Britain needs.
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    savepete wrote: »
    The UK is running at nearly 5% inflation. So nominal house prices should go up, even if they are going down after inflation. House prices rising slower than the rate of inflation is what Britain needs.

    Nope

    Economic growth supported by amore relaxed lending regime is what Britain needs.

    This will inevitably lead to house price inflation, as "forced renters" flood the market.

    Good news all round
  • andybenw
    andybenw Posts: 212 Forumite
    henrik1971 wrote: »
    I was clearing out the loft a year or two ago, and there were some old newspapers up there from the late 1970's. There was an advert on one page for the latest Ferguson 23" colour tv at £279.

    More expensive both in real and nominal terms.


    And not much left in wages to be able to pay a mortgage off.

    However dure to cheap chinese goods people now have much more in their pocket, which is why large mortgages can be afforded.

    What I mean by this is that it's not all about earning multiples. Those expecting a crash to bring us to the same level of house prices vs wages as in the past are going to be sadly disappointed.
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    nollag2006 wrote: »
    Nope

    Economic growth supported by amore relaxed lending regime is what Britain needs.

    This will inevitably lead to house price inflation, as "forced renters" flood the market.

    Good news all round

    Great, just what this country needs. :doh:
    Why are we here?......................because we are not all there.
  • breadlinebetty
    breadlinebetty Posts: 896 Forumite
    poppy10 wrote: »
    Cooker
    Refrigerator
    Washing Machine
    Toaster
    Kettle
    Iron
    Mixer/blender
    Television
    Cassette recorder
    Record player
    Bedside lamp
    Hairdryer
    Coffee Maker

    [*N.B. this list is totally made up]

    You forgot the teasmade:)
  • Thermidor
    Thermidor Posts: 269 Forumite
    andybenw wrote: »
    And not much left in wages to be able to pay a mortgage off.

    However dure to cheap chinese goods people now have much more in their pocket, which is why large mortgages can be afforded.

    What I mean by this is that it's not all about earning multiples. Those expecting a crash to bring us to the same level of house prices vs wages as in the past are going to be sadly disappointed.


    They end up missing the boat and once it's gone - it's gone.
  • breadlinebetty
    breadlinebetty Posts: 896 Forumite
    Thermidor wrote: »
    They end up missing the boat and once it's gone - it's gone.


    So so true..............................................
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    I think it's fair to say the crashers have lost the argument now :beer:
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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