Rightmove Feb: +4.1% - Prices rise at fastest rate in a decade!!!

Mr._Pricklepants

chewmylegoff wrote: »

Another thread ruined by MrRee and his stupid multiple identities. Thanks guys. I mean guy.

I'll butt out of the thread, ok?
Because quite frankly, I'm getting tired of being called a sockie just because I agree with Mr.Ree or Sibley or whoever.

Enjoy the quality posts by crash_bang_muppet and Andyguil :rotfl:

moneyinmypocket

A strong housing market is key to the wider health of the economy - the HPC crazies are so short sited - as long as they get a house for a cheap price that's all the care about.

MrRee_2

CRASH_BANG_WALLOP wrote: »

Someone owns a house it goes up in value by 8k per month .... so that means the dudes feel richer and go out and spend? the dudes dont actually get 8k per month lodged into their back accounts man!

That's what happens ... not in just one month, but then you can't be so stupid as to think I meant that (or can you? I do wonder).

Let's assume that a persons house increases by £5,000 a month - highly probably given todays DATA.

After 12 months their asset has increased by £60,000. They can safely borrow against that rise and buy a BMW X5 at £60,000 - without any worry whatsoever about not being able to clear all debts if needed.

Obviously, after 10 years that person has £600,000 in unused equity ..... that's a LOT of buying power!!

MrRee_2

Mr._Pricklepants wrote: »

I'll butt out of the thread, ok?
Because quite frankly, I'm getting tired of being called a sockie just because I agree with Mr.Ree or Sibley or whoever.

Enjoy the quality posts by crash_bang_muppet and Andyguil :rotfl:

We both know the truth - stick with it ... the Mods. have been alerted to the harrassment taking place.

MrRee_2

moneyinmypocket wrote: »

A strong housing market is key to the wider health of the economy - the HPC crazies are so short sited - as long as they get a house for a cheap price that's all the care about.

A healthy Housing Market is what we are now seeing.

It will happen whatever the sad, lonely, people at HPC wish for.

It is the engine house of the UK Economy.

CRASH_BANG_WALLOP

MrRee wrote: »

That's what happens ... not in just one month, but then you can't be so stupid as to think I meant that (or can you? I do wonder).

Let's assume that a persons house increases by £5,000 a month - highly probably given todays DATA.

After 12 months their asset has increased by £60,000. They can safely borrow against that rise and buy a BMW X5 at £60,000 - without any worry whatsoever about not being able to clear all debts if needed.

Obviously, after 10 years that person has £600,000 in unused equity ..... that's a LOT of buying power!!

5k a month now is it dude? :rotfl:based on Rightmove asking prices man! when the asking prices fell 3.1% in november 2011 you dimissed Rightmove dude now its a great index again:rotfl:

CRASH_BANG_WALLOP

i'll leave this thread now and let mr ree talk to himself in the form of mr. pinkpants and moneyinmypocket :T

Sibley

http://news.sky.com/home/business/article/16173390

The media are on this like a shot.

There won't be a homeowner in the UK not adding at least 20k to their property value.

Decent houses are in demand now. Prices will be over 2007 levels if the place is right.

AndyGuil

MrRee wrote: »

That's what happens ... not in just one month, but then you can't be so stupid as to think I meant that (or can you? I do wonder).

Let's assume that a persons house increases by £5,000 a month - highly probably given todays DATA.

After 12 months their asset has increased by £60,000. They can safely borrow against that rise and buy a BMW X5 at £60,000 - without any worry whatsoever about not being able to clear all debts if needed.

Obviously, after 10 years that person has £600,000 in unused equity ..... that's a LOT of buying power!!

In a very ideal situation, this is hardly a representation of what people normally do and it is very far from benefitting the economy significantly. The economic situation is far more complex than that and currently very vulnerable to the Eurozone, a significant threat.

chewmylegoff

MrRee wrote: »

We both know the truth - stick with it ... the Mods. have been alerted to the harrassment taking place.

the problem with this forum is that there are no moderators. if there were, then threads wouldn't get ruined by immature trolls like yourself squeaking at each other.