Nationwide UP 0.6% MoM & UP 0.9% YoY

Graham_Devon

ess0two wrote: »

Fortune favours the brave.

Yer, but this is storing up even more problems in the future.

It's basing boom times and bust foundations. Incredibly stupid, but the way of the western world right now.

ess0two

Graham_Devon wrote: »

Yer, but this is storing up even more problems in the future.

It's basing boom times and bust foundations. Incredibly stupid, but the way of the western world right now.

The longer it goes on the easier it gets,were 5 yrs down the line on low IR's,another 5 maybe?? and quite a few who bought in the last 10 yrs will have weathered the storm.

StevieJ

Graham_Devon wrote: »

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.
.

I thought inflation was falling, predicted to be around 2% next year?

Graham_Devon

StevieJ wrote: »

I thought inflation was falling, predicted to be around 2% next year?

We'll see.

But we have this from Martin Weale of the BOE just today.

Bank of England policy maker Martin Weale said that U.K. inflation may prove more persistent than expected, making it unlikely the economy will require further stimulus once the current round of bond purchases ends.
Higher oil prices and potential wage pressures as the economy recovers “suggest a risk that there may be more persistence to inflation than one might expect at a time of rising unemployment and weak demand,” Weale said in a speech in London late yesterday. “I do not think there is likely to be a further case once our current program is complete” in early May for more bond purchases.

“The price of oil is a particular worry,” he said. “Further ahead, there remains a risk that an eventual return to more normal economic conditions will be associated with increased wage pressures. Judgements about the magnitude of this are inevitably uncertain and it is hard to avoid the sense of an additional upside risk.”
A report today showed U.K. pay growth accelerated in the quarter through January. The median wage deal increased to 3 percent from 2.5 percent in the previous three-month period, Incomes Data Services said.
Weale also said that higher-than-forecast inflation may prompt the central bank to increase rates earlier than the market currently predicts. In response to questions at the event, he said policy makers could choose to raise their benchmark rate before selling the bonds held as part of their stimulus program.
“The yield curve suggests that an increase in bank rate is not fully priced in until mid-2014,” Weale said in the speech. “If the very real risks I see about inflation do materialize, then it is perfectly possible that the first rise will come earlier.”

I'm not sure the rise would come earlier, even if inflation did play out as he suggests, simply because any increase would derail everything.

wotsthat

ruggedtoast wrote: »

All you can try and do is second guess what they are thinking and try and protect yourself somehow.

This sounds like the advice I give to my kids and I follow it myself.

You make the most of the cards you get dealt. You might be able get ahead of the game but it takes an effort to stay there. Sometimes you might find yourself a couple of steps behind but there's no point moaning about it because it helps not a jot and before you know it you're three steps behind.

ruggedtoast wrote: »

We might get a dozen houses on new developments here and there in the SE, after years of wrangling with placard waving NIMBYS, but there will be no move towards affordability for a long time to come, not unless there is a knock on benefit somewhere for the elite.

There's some lessons to be learnt from NIMBY's - when did you last see someone at a proposed building site waving a placard calling for more building and lower local house prices.

The thing is if the 'elite' don't want houses built and even people who passionately believe that lower house prices will cure many of the UK's problem are doing precisely nothing about it then when will things improve? There are plenty of posters here who'want' house prices to fall but seem to think that wanting something might just, with a touch of fairy dust, make it happen.

I recognise that not enough houses will get built in the near future - that's why I'm saving house deposits for my kids.

Complaining has very little value as a currency.

shortchanged_2

Aren't the Nationwide figures very South East biased? In which case these figures are no major surprise

Jimmy_31

nollag2006 wrote: »

But I thought house prices were falling off a cliff, and we were all doomed?

Good piece on the R4 Today programme this morning about how even Ben Bernanke has been surprised at the rapid pick up in the US (and as a follow on - the world) economy.

Good to see that we are finally starting to emerge from the mess of the banking crisis

Ben Bernake has been surprised at the rapid pick up in the US.

Can you not see the strings:rotfl:

CRASH_BANG_WALLOP

A leading British banker has warned that the huge sums of money being pumped into western economies to underpin banks and promote financial stability risk "laying the seeds for the next crisis".

As central bankers on both sides of the Atlantic played down expectations that they were poised to unleash a fresh round of money creation, Peter Sands, the chief executive of Standard Chartered bank, warned it was "going to take time for the rich West to sort itself out".

But Sands's main concern was that support operations by western central banks, which have seen trillions of dollars pumped into the financial system through so-called quantitative easing, could set the scene for more trouble in the years ahead.

Breaking ranks from his fellow bosses, Sands, whose bank is focused mainly in Asia, said: "Banks are still going to have to refinance their loans in three years time. It's not clear what the exit strategy is, nor is it possible to predict what the long-term consequences will be."

everything is going just swimmingly dudes

CRASH_BANG_WALLOP

MrRejoice wrote: »

Not one word of this fabulous news is being debated over on HPC. Which is unusual considering that the site and forum were set up in particular to discuss house price movements. I guess they've finally given up the ghost. Fantastic news.

hello ree :j

Jimmy_31

ruggedtoast wrote: »

I gave up when I finally realised how much the system is rigged by the people who run it, and how blatantly they manipulate it to benefit themselves.

All you can try and do is second guess what they are thinking and try and protect yourself somehow.

In the first housing crash "they" wanted their money back when the system collapsed and they got it, foreclosing without mercy and pumping rates, but it came back to bite them as the resulting financial crash hit the City and shareholders.

As soon as you start reading all the articles about politicians fiddling their BTL mortgages through expenses, and seeing how much money the City is making from a housing shortage its obvious things are only going one way.

They won't take any of the pain this time, the loans will stay out there, the banks will be saved at whatever cost, and the taxpayer will bear the burden of underwriting all of it.

We might get a dozen houses on new developments here and there in the SE, after years of wrangling with placard waving NIMBYS, but there will be no move towards affordability for a long time to come, not unless there is a knock on benefit somewhere for the elite.

The longer the corruption in this country continues, the worse the kick off will be when people have had enough.

The younger generation around here already know they are being shafted by millionaire politicians, and at some point in the future they will make their voices heard.