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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Express: eh?
Graham_Devon
Posts: 58,560 Forumite
The Express have reported in their usual fashion that houses are better than stocks and shares etc.
They state:
How does this paper survive?
They state:
Can anyone tell me how having 59k added to the value of your home brings releif to your cost of living?!The average house price in the UK is currently £226,887, meaning a two per cent rise would see values rise by more than £4,500 a year.
Over the 13-year period projected by experts, that equates to £59,000 added to the value of the average home, bringing welcome relief to millions of families already struggling with the cost of living.
How does this paper survive?
0
Comments
-
Graham_Devon wrote: »
How does this paper survive?
Did you buy it?0 -
Thrugelmir wrote: »Did you buy it?
Certainly not!0 -
Graham_Devon wrote: »Can anyone tell me how having 59k added to the value of your home brings releif to your cost of living?!
How does this paper survive?
I can't explain it Graham, but the media need to keep "on message" so that the public continue to believe that HPI = good.
The UK would be a better place, in my opinion, if we weened ourselves off our addiction to HPI, and encouraged an economy less reliant on how much we can charge each other for shelter.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Graham_Devon wrote: »How does this paper survive?
No idea. It didn't exactly bathe itself in glory earlier in the week earlier, when it was supposed to put a picture of the gold medal-winning dressage team on the front of the paper, but used a pic of the Dutch bronze medallists instead. The clue of course was in the natty orange collars on their jackets. Oh, that and the fact they look nothing alike.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
0 -
Anyway, all they are really saying is that an increase in price of 2% means that something (in this case a house) will cost 2% more.
And their "experts" can't even do basic maths. If HPI is 2% per year (which is what they are assuming), after 13 years the average house price will have increased more than £59K. I think they need to find expert experts, not pretend ones.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Graham_Devon wrote: »
How does this paper survive?
Well at least someone is benefitting from the rise in dementia..
Speaking of whom, why would Richard Desmond, owner of the Express (and a £500 million property portfolio) be encouraging articles based on finger-in-the-air predictions like this?0 -
Graham_Devon wrote: »The Express have reported in their usual fashion that houses are better than stocks and shares etc.
They state:
Can anyone tell me how having 59k added to the value of your home brings releif to your cost of living?!
How does this paper survive?
It survives by telling people that like the Express what they want to hear.
Let me tell you something young Graham. No one ever got rich by telling people things they don't want to hear.0 -
HOUSE PRICES TO SOAR AGAIN
HOUSE prices are rising at their fastest for nearly four years with the property market showing no signs of running out of steam.
Last night experts predicted that this year the value of homes will increase by an average £1,000 a month – or more than £30 a day.
The Centre for Economics and Business Research said that, despite three interest rate rises, the property boom will continue in 2007 – and for the next three years.
They are estimating that the average price of a house will go up from £187,000 today to £225,000 in 2010.
Daily Express, Monday January 29th, 2007 :rotfl:
http://www.express.co.uk/posts/view/1850/House-prices-to-soar-again0 -
The Express has gone a great job.
We need the ' Houses make money' message to get to the masses.
Keep prices as high as possible.We love Sarah O Grady0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards