Land Registry - January up 1.1% mom

Sibley

Well this is it.

House prices are rising.

Move along now. Nothing to see.

JonnyBravo

Jimmy_31 wrote: »

I have no place in society and when i buy my first house i will be dropping out of society.

Bye Bye to the system.

Yeah sure.
You'll be growing all your own food, emptying your own bins, generating your own electricity, schooling your own kids and refusing to use public roads.

Bye bye to the system my a**e. Romantic idealistic unpractical wishes. Nothing more nothing less.
Sorry jimmy, the only way out of "the system" is to pick another system and move there.

CRASH_BANG_WALLOP

Sibley wrote: »

Well this is it.

.

you forgot to add 'hold onto your hats' mr ree

Batchy

Couple of problems with everyone on this board. Me included.

I was jealous of the unrealised profits baby boomers had made on house purchases that were made over 20 years ago plus. WHY?

I was waiting for my chance to make a quick buck! WHY?

the fact is, there is no divine right.

The only calculation people should make is
How secure is my job
How flexible do i need to be
Can I afford it?

There are plenty more calculations, but some of them are NOT

How much profit has the previous owner made since they brought it 30 years ago, and come up with the conclusion, naaaa, its too expensive.

FACT, the housing market, is just that, you buy and sell, and two people come together as a result of marketing a property effectively. Price is determined by two parties, blaming estate agents for housing boom is like blaming asda for fuel prices increasing!

CRASH_BANG_WALLOP

DaisyWheel wrote: »

Very true.

Even the Evening Standard, a constant source of gloom, pointed out last night that London house prices continue to surge forward and are now at record highs again.

DW
xx

foreign investor dudes pumping money in londons housing market so no wonder for the rises. north of the country is crumbling

Percy1983

DaisyWheel I am more than happy to debate with you anything we disagree on, but right now you keep trying to engage me in a debate about something I actually agree with you on which is renters aren't stupid.

If you wish to read again you may spot that I was rewriting how an easlier comment should have looked to avoid confusion yet you have taken it as a comment aimed at you, are you just picking out key words or actually reading my posts?

Fair enough I can see how my original statement could be read in a way it wasn't intended, but I have tried to explain clearly where the mix up happened and apoligised yet you to continue to attack me for it.

I have stayed away from any offensive back for as you had every right to be upset with what you believed I meant.

ps, the sugegestion of you adding me to your ignore list as I clearly wind you up with what you think my opinion is when it isn't my opinion at all, how can a remedy that?

nollag2006

I know it’s not good to gloat, but I really couldn’t let the shock and awe from over at HPC on this very topic go without comment:

http://www.housepricecrash.co.uk/forum/index.php?showtopic=175745

:eek:

They really just can’t seem to accept that the market isn’t going to crash anytime soon and that there is real upward pressure on house prices.



Now the BIG question for me, is what will brit1234 do now that the market has (yet again) moved against him?

How long will it take him to update his siggy??


:rotfl::rotfl:

CRASH_BANG_WALLOP

nollag2006 wrote: »

I know it’s not good to gloat, but I really couldn’t let the shock and awe from over at HPC on this very topic go without comment:

http://www.housepricecrash.co.uk/forum/index.php?showtopic=175745

:eek:

They really just can’t seem to accept that the market isn’t going to crash anytime soon and that there is real upward pressure on house prices.



Now the BIG question for me, is what will brit1234 do now that the market has (yet again) moved against him?

How long will it take him to update his siggy??


:rotfl::rotfl:

are you stupid dude? the uk property market isnt just london as plenty of dudes also live outside london and prices are crumbling in these places

the obligatory housepricecrash link took longer this time i see

wotsthat

Percy1983 wrote: »

Because one person selling under market rate will help one person/family buy, yes every little may help not thats not going to make much difference.

With that to sell below market rate would be foolish if you wish to buy another as they won't be selling below market rate.

In short I am not going to sell below market rate at any point, but I am happy enough for that market rate to drop to more reasonable levels if if that did push me into negative equity.

So you wouldn't mind prices falling even if it put others into negative equity as long as your equity remained positive?

The point I'm making is that you and Graham are simply making valueless "I feel the FTB's pain" platitudes. Let's say you don't mind if prices fall but I do - it seems that there's zero practical difference between us - we're going to continue to buy houses at market value and sell them at market value. The only difference seems to be in the position we think we occupy on moral mountain.

Lower prices in isolation will not be beneficial and there's a wider picture to be considered. They are beneficial only if the drop is an indication of demand being met AND if accompanied by finance options that allow owner-occupancy levels to be rebuilt.

We need more houses and that's something that people wanting (or not minding) lower prices could practically do something about.

Percy1983

wotsthat wrote: »

So you wouldn't mind prices falling even if it put others into negative equity as long as your equity remained positive?

Nope I am happy to be in negative equity for the greater good.

The problem is I as an individual can do very little about it, but the government can.

The first steps seemed to have worked mostly in restricting credit to those worthy of it, now we just need to pull the props out and see what happens.