Land Registry - January up 1.1% mom

wotsthat

Well I must be a terrible person because I don't want the value of my house to fall.

Prices aren't high because there's not enough unselfish people like those above happy to lose equity (we'll see when they come to sell:cool:). Prices are high because they are set by a market where the rules of supply and demand are in force. There aren't enough houses and it's going to get worse before it gets better.

I think high owner occupancy rates are related to better communities to live in. If more houses were built, owner occupiers had access to finance and BTL rates fell I'd take that even if it meant the value of my house fell because I think the country (and me) would be better off.

Statements like "I don't mind if I lose my deposit/ equity etc." are just feeble moral platitudes.

Percy1983

I will apologise again I do not think renters are stupid by any stretch, to be correct I should have used quotation marks when asking the question which included that. The point I was actually making was that many on here refer to stupid tenants paying landlords mortgages but then refer to people staying at home as mummies boys.
So the overall point I was making is most young as in a lose/lose situation when it comes to said trolls.

Yet again I do not think renters are stupid but do feel sorry for them with greedy landlords profiteering out of their situations.

RenovationMan

DaddyBear wrote: »

It doesn't bother me, especially as we'll be moving up the ladder in 4 years time so the house we'll be buying will have lost significantly more than our house. Prices would have to drop over 25% to scupper that move, and if I thought there was any chance of that happening I wouldn't have bought.

Well this takes us full circle. You don't mind house prices dropping provided that you don't go into negative equity. No difference here from the other 'home owning bears' who like the idea of falling houses as long as they are not personally impacted in a negative way.

RenovationMan

shortchanged wrote: »

You've got it all wrong Percy.

Didn't you realise it's good to have a massive mortgage. This benefits everyone, apparantly.

Is that another "McTavish's mantra"?

wotsthat

RenovationMan wrote: »

Is that another "McTavish's mantra"?

It might be a bull meme.

I miss geneer - he still pops in every now and again to make sure we are all ok. That's not a spurious assertion by the way - I checked his stats.

Hi geneer:T

DaddyBear

RenovationMan wrote: »

Well this takes us full circle. You don't mind house prices dropping provided that you don't go into negative equity. No difference here from the other 'home owning bears' who like the idea of falling houses as long as they are not personally impacted in a negative way.

Are you actually reading any of my posts, or just posting your standard bull rhetoric? I've said I take no pleasure in prices rising and I've said that a further price correction wouldn't bother me. Yet I'm somehow grouped with the selfish bulls. I guess you're typical of the vast majority on here and think you've a god-given right to make money for nothing simply because you have bought a house and because of gross self-obsession cant see the damage that high house prices have done to this country.

Percy1983

DaisyWheel wrote: »

So now anyone who picks you up on your aggressive and nasty attacks on those who are not wrapped in cotton wool by mumsy, and who chooses to stand on their own two feet and rent from what you again sneering call "greedy" Landlords, is a troll?

Nope - a troll is someone who attacks tenants without any good cause, whilst peering out from under their mummy's skirt.

You need to do a lot of growing up young man

I pity your wife to be.

Yet again I will repeat, I was not referring to tenants as stupid as it was actually intended as a quote, sorry if it was taken in other way than it was intended.

By definition I would refer to a troll as somebody who judges other based on assumptions with limited facts.

In many respects I would class your comment above as trolling but I can see you viewed a comment of mine as an attack on yourself so that it is very much fair enough.

You say I need to grow up yet I have now apologised twice for a mistake on my my part, yet you keep attacking me despite this, which is the most grown up? (this is a question based on the fact I assume you are a nice reasonable person and is meant to be reasoning rather than insulting).

So please can we please call it quits, as much as I would love to argue I really have nothing to argue with you about as the main basis of such an arguement is based on something read out of the context I meant.

ruggedtoast

Another report of inexplicable hpi to twist the knife in the belly of disenfranchised and beleaguered renters. When will we stop excluding people from our towns and communities, and denying the young the simple aspiration of lookingforward to a small family home to have a family in.

House price rises are ROBBERY and they are KILLING our country so the likes of McTavish and his peculiar alter ego, Ree can gloat about their unearned income from rinsing people simply looking for a home.

And I speak as an owner.

Graham_Devon

RenovationMan wrote: »

It seems that the only 'bears' left are Graham_devon who owns half a HA house and wants to buy the other half on the cheap,

Yet I keep correcting you and stating I will never buy more of the house as it's more to sell on to another buyer, restricting potential buyers.

No matter how many times I say it, you just keep saying the same thing. Anyone would think you simply made stuff up to have a go at other people. As I have suggested before, have a go at what people do say, rather than creating a situation that allows you to have a pop.

Graham_Devon

Generali wrote: »

Down 1% YoY. Monthly figures are just noise.

Sales volumes are up marginally: 3%.

Prices up YoY in London and the South East. Down in all other regions on average.

Number of sales with value > £2,000,000 outside London fell from 33 to 23. Up from 89 to 98 in London.

Well an estate agent describes it as the unwinding of a coiled spring of anticipation.

UK Buying agent says its bad news.

Theres also another estate agents using the words "property is flying"

Russell Quirk, director of estate agents emoov.co.uk, said that for the four last years, most of those moving were people who had to do so, while "discretionary" movers were put off by fears of a second property crash.

But he added: "While these Land Registry figures show that prices are still down on where they were a year ago, January's price rises hint at a steady return of confidence. The coiled spring of anticipation is slowly beginning to unwind as more would-be buyers see buoyancy return to the market."

However, Tracy Kellett, managing director of UK buying agent, BDI Home Finders, said the rise would end up being bad for the market and homeowners: "Long-term, house price rises such as this are not sustainable. They are being propped up by an extreme lack of stock and historically low interest rates. What's happening is that only the best properties, the ones that attract real buyer competition, are selling right now. This is naturally skewing the figures. Sellers see price rises like this and mark up their own properties accordingly, which accentuates the paralysis in the market as a whole.

"The January house price rise is not good news for the market, it's quite the opposite. The higher the market rises in the current climate, the harder it will fall."