Nationwide UP 0.6% MoM & UP 0.9% YoY

nollag2006

Poor old Graham !



I've had a quick glance over on HPC, and there is a complete silence on this news story over there. I wonder why?????????

Dan:_4

Graham_Devon wrote: »

No one told me low interest rates would last so long people would start planning their finances around them.

If you go back through the archives I think your find many posters received all sorts of insults for predicting low interest rates will last for years.

nollag2006

Graham_Devon wrote: »

No one told me low interest rates would last so long people would start planning their finances around them.

Ben Bernanke is on the public record as saying the Fed's rates are not going to rise until 2015. I can't imagine the UK or Eurozone rising rates before the US does, despite the on-going pickup in the UK, US, and world economies.

Still got a bit of time for a good low price fixed rate deal Graham

nollag2006

Hi everyone!!

I thought brit was quiet today, but you will all be delighted to know that he too accepts that these price rises are very real:
http://forums.moneysavingexpert.com/showpost.php?p=51452653&postcount=5

Feel free to say hello, and to ask him when (if ever) he is going to update his siggy!!

Mr._Pricklepants

nollag2006 wrote: »

Hi everyone!!

I thought brit was quiet today, but you will all be delighted to know that he too accepts that these price rises are very real:
http://forums.moneysavingexpert.com/showpost.php?p=51452653&postcount=5

Feel free to say hello, and to ask him when (if ever) he is going to update his siggy!!

He's on a signature updating strike until sellers price realistically
I wonder how his $500 silver is coming along? :rotfl:

CRASH_BANG_WALLOP

nollag2006 wrote: »

Poor old Graham !



I've had a quick glance over on HPC, and there is a complete silence on this news story over there. I wonder why?????????

can you look at post ten on this thread?

julieq

Dan: wrote: »

If you go back through the archives I think your find many posters received all sorts of insults for predicting low interest rates will last for years.

Well said. I might also mention that my view at the turn of the year that confidence would be rising by spring and prices rising wasn't exactly a point of agreement with the bears.

Anyway interest rates aren't a big issue in protecting the housing market, because people who were on low rates aren't bothered - it's just a reduction in what they pay. Those getting new mortgages are paying higher rates and there are relatively few because of mortgage rationing. SMI is a minor factor. I'd almost like some of these "props" to be removed so we could see how little changed.

Shortfall in home creation versus household creation = upwards pressure on accomodation costs. End of. Either via purchase prices or rental costs. Oversupply of houses (US, Ireland) = downwards pressure on prices. End of. Whatever interest rates or other measures do. Only solution is to build more.

Now at some point this penny will drop even with the densest of bears, but it's been a long hard road pointing it out.

RenovationMan

Graham_Devon wrote: »

No one told me low interest rates would last so long people would start planning their finances around them.

I told everyone on this board that low interest rates were here for years and that I had planned my finances around them. I said that we had a once in a lifetime opportunity for ordinary people to really get on in life. I was mocked and rounded upon, but in the end I was correct.

You can lead a horse to water, but if it's too timid to drink....

Graham_Devon

RenovationMan wrote: »

I told everyone on this board that low interest rates were here for years and that I had planned my finances around them. I said that we had a once in a lifetime opportunity for ordinary people to really get on in life. I was mocked and rounded upon, but in the end I was correct.

You can lead a horse to water, but if it's too timid to drink....

No you didn't. Again, you are simply making things up.

You planned your finance around them and stated they would be low for at least 18 months. You are on record stating even you didn't know they would last this long.

I don't want what I said to turn into a bull fest, which it is clearly starting to.

The low rates and people planning their finances on them is extremely dangerous. However, I believe those people will be rescued should rates go up.

We, I believe, are entering a whole new chapter. The possibility of prices rising (thats all prices, not just houses) when we least need them, based on an emergency stimulus footing. That's extremely bad news for the future, but almost seems welcome.

Yes people have suggested rates would stay low for a long time....but that was 2 years into low rates. Not at the start. Easy to suggest now.

ess0two

Graham_Devon wrote: »

No you didn't. Again, you are simply making things up.

You planned your finance around them and stated they would be low for at least 18 months. You are on record stating even you didn't know they would last this long.

I don't want what I said to turn into a bull fest, which it is clearly starting to.

The low rates and people planning their finances on them is extremely dangerous. However, I believe those people will be rescued should rates go up.

Fortune favours the brave.