We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

FT - UK house (asking) prices reach record high as Rightmove surges 1% in May

12357

Comments

  • MacMickster
    MacMickster Posts: 3,646 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    shortchanged wrote: »
    This is exactly the point MacMickster.

    All that has ended up happening is that people have paid more money for exactly the same thing! But who are the ones that ended up with the biggest bum deal? As per usual the ones at the bottom of the pyramid scheme.

    The problem is that, as a result, far more more of the "wealth" of individuals is tied up in bricks and mortar, yet they own the same asset that they would have owned if lending had not got out of hand.

    The extra money that is now tied up in fixed assets is then not available to spend on other goods and services to fuel demand and growth in the economy.
    "When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    MacMickster wrote: »
    The problem is that, as a result, far more more of the "wealth" of individuals is tied up in bricks and mortar, yet they own the same asset that they would have owned if lending had not got out of hand.

    The extra money that is now tied up in fixed assets is then not available to spend on other goods and services to fuel demand and growth in the economy.

    I know it's obvious MacMickster, but try telling that to some on here.

    High house prices are fantastic for the economy.
    Why are we here?......................because we are not all there.
  • Aberdeenangarse
    Aberdeenangarse Posts: 1,262 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 18 June 2012 at 11:08AM
    homelessskilledworker wrote: »
    http://www.youtube.com/watch?v=aEQcsuXnnnc

    This is so Prickpants and MrRees

    See my sig ;) He was also SafelyOnTheLadder, until he got knocked off

    Edit Mr.Pricklepants now added on 'Ignore' along with all the other MrRee Trolls!
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    shortchanged wrote: »
    I know it's obvious MacMickster, but try telling that to some on here.

    High house prices are fantastic for the economy.

    I agree but having a big whinge about on here isn't doing anyone any favours!
  • moneyinmypocket
    moneyinmypocket Posts: 908 Forumite
    House prices are the engine of England
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    Aberdeenangarse wrote: »
    Edit Mr.Pricklepants now added on 'Ignore' along with all the other MrRee Trolls!

    Good. It's an honour.

    Last resort of those who disagree with someone and are too dim to engage in debate : call them a troll ;)
  • crash123
    crash123 Posts: 399 Forumite
    edited 18 June 2012 at 1:17PM
    CLAPTON wrote: »
    family friend trying to buy in yorkshire (in a nice area)

    has made offers on three house so far; each has sold at above asking price.

    I make no generalisations from this

    would this be in yorkshires golden triangle which is where I live.
    lot number 9 sold for £45,000 last week. previuos sold price £193,500

    www.fssproperty.co.uk/media/62

    8 Garden Court, Killinghall, Harrogate, North Yorkshire HG3 2GN
    £193,500 Flat, Leasehold 05 Oct 2006
    £160,000 Flat, Leasehold (New Build) 05 Oct 2006

    pity auction prices aren`t in the indices
  • paulmapp8306
    paulmapp8306 Posts: 1,352 Forumite
    And what was the state of that property - and why was it sold at auction?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    homelessskilledworker wrote: »
    Prices are not going up!

    Where did you get that from?

    Acadametrics, +0.5% MoM, +1.9% YoY. :cool:
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • crash123
    crash123 Posts: 399 Forumite
    paulmapp8306 wrote: »
    And what was the state of that property - and why was it sold at auction?

    Very nice area if you can afford the high service charges.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture