Nationwide UP 0.6% MoM & UP 0.9% YoY

CRASH_BANG_WALLOP

shortchanged wrote: »

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

hey dude there is nothing like the smell of a nationwide rise (whats their share of the market again?) to get the bull dudes all frothing. on the back of this small south east rise (the result of the end of the stamp duty holiday) the uk economy is booming and the housing market is moving full steam ahead. next up is world peace and space dudes landing on mars

Jimmy_31

wotsthat wrote: »

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.



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.

The game is blatantly rigged.

Why would you just accept that as if its ok.

System

FungusFighter is now having a conversation with himself. Brilliant.

nollag2006

Wow! I've rarely heard the bears so spooked as they are today.

Where is the discussion on HPC about this? No doubt it's been censored out which is a shame really

SecondLegDownIsTheBigOne

I look forward to the flood of sellers that'll put their houses on the market, encouraged by this false dawn.

Is supply about to go through the roof?

wotsthat

Jimmy_31 wrote: »

The game is blatantly rigged.

Why would you just accept that as if its ok.

I'd ask you the same question as I've asked a few people lately. What are YOU doing about it? You have no doubts that the game is rigged yet as far as I can see the only thing you are doing is waiting for the kids on your estate to kick off. Then what?

I'm playing the only game in town and doing the best I can for myself and family.

MrRee_2

The Bears all over are utterly silent .... the raft of good news is just too much for them, they derive great pleasure from others pain - we are on the UP!!

shortchanged_2

SecondLegDownIsTheBigOne wrote: »

I look forward to the flood of sellers that'll put their houses on the market, encouraged by this false dawn.

Is supply about to go through the roof?

Well I'm noticing quite an increase in houses coming onto the market in the past few weeks.
And there's me thinking there was a chronic shortage of housing or is it maybe a case of what you state SLDITBO people actually holding off hoping for higher prices.

Well the increased supply is only likely to have one effect on house prices and that is downward pressure.

StevieJ

Graham_Devon wrote: »

We'll see.

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





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.

I am confused now, I thought there were few inflationary wage increases, and that was the substance of your point i.e. house prices may be falling due to inflation but so are wages? and then you quote this.

Higher oil prices and potential wage pressures as the economy recovers

Graham_Devon

StevieJ wrote: »

I am confused now, I thought there were few inflationary wage increases, and that was the substance of your point i.e. house prices may be falling due to inflation but so are wages? and then you quote this.

It's quite simple, and I'm surprised I have to explain this to you.

Wages have not kept up with inflation for the last 3-4 years. It remains to be seen whether they will for the next couple of years.

Either way, even if they do keep up with inflation, the house is still not cheaper in any way.