Rightmove down -4.5% in three months

wotsthat

Graham_Devon wrote: »

wotsthat wrote: »

I doubt there will be decent rises over the next few months either. More of the same probably - gently falling real prices for a while which is probably the best compromise between different parts of the economy.

Sorry for the confusion. I doubt there will be decent increases in sold prices over the next few months. Rightmove data will probably keep following it's usual patterns year in year out.

Graham_Devon

wotsthat wrote: »

Sorry for the confusion. I doubt there will be decent increases in sold prices over the next few months. Rightmove data will probably keep following it's usual patterns year in year out.

Ahh right.

You do realise you were talking about rightmove asking prices when you said that then?

Tip of the hour: Rightmove don't do sold prices, so when specifically talking about righntmove, as your post started, it's probably best to bear that in mind

Sweet muddling though!

Wheezy_2

Graham_Devon wrote: »

Ahh right.

You do realise you were talking about rightmove asking prices when you said that then?

It was clear what he was talking about.

Let's quote the whole paragraph.

wotsthat wrote: »

I doubt there will be decent rises over the next few months either. More of the same probably - gently falling real prices for a while which is probably the best compromise between different parts of the economy.

Eellogofusciouhipoppokunu

shortchanged wrote: »

Because it may affect his LTV, so might not get such a good deal on his next mortgage perhaps?

And is that the case with DervProf?

wotsthat

Eellogofusciouhipoppokunu wrote: »

And is that the case with DervProf?

I think DervProf acknowledges that HPI will increase his net worth but doesn't think (or much care) whether this is beneficial to him personally or society at large.

Eellogofusciouhipoppokunu

wotsthat wrote: »

I think DervProf acknowledges that HPI will increase his net worth but doesn't think (or much care) whether this is beneficial to him personally or society at large.

I'm confused now, I originally thought Dervprof said he was mortgage free, but perhaps I'm confusing him with someone else because shortchanged is saying that DervProf has a low LTV?

My original point (thinking that DP was mortgage free, or free enough to be unworried about falls impacting his LTV) was that unless someone is investing in property then it matters little if their property increases in value because its money you can't actually spend unless you sell up and downsize (often not an option).

It just seems to me that people in the UK are still brainwashed with the idea that houses are piggy banks.

wotsthat

Eellogofusciouhipoppokunu wrote: »

I'm confused now, I originally thought Dervprof said he was mortgage free, but perhaps I'm confusing him with someone else because shortchanged is saying that DervProf has a low LTV?

My original point (thinking that DP was mortgage free, or free enough to be unworried about falls impacting his LTV) was that unless someone is investing in property then it matters little if their property increases in value because its money you can't actually spend unless you sell up and downsize (often not an option).

It just seems to me that people in the UK are still brainwashed with the idea that houses are piggy banks.

The piggy bank idea sailed into the distance a few years ago didn't it?

If my house increases in value I become wealthier and feel more financially secure. Might not be completely rational but I doubt I'm a householder with a minority view.

Eellogofusciouhipoppokunu

wotsthat wrote: »

The piggy bank idea sailed into the distance a few years ago didn't it?

Clearly not, given your second sentence!

wotsthat wrote: »

If my house increases in value I become wealthier and feel more financially secure. Might not be completely rational but I doubt I'm a householder with a minority view.

I don't think you have a minority view either, but whether the viewpoint is valid is another thing altogether. Ever increasing house prices just serves to put the whole country into deeper and deeper mortgage debt. People are drowning in debt to the degree that they grab HPI like a lifebelt.

wotsthat

Eellogofusciouhipoppokunu wrote: »

I don't think you have a minority view either, but whether the viewpoint is valid is another thing altogether. Ever increasing house prices just serves to put the whole country into deeper and deeper mortgage debt. People are drowning in debt to the degree that they grab HPI like a lifebelt.

The evidence is that householders aren't drowning in mortgage debt - sounds like hyperbole rather than reality.

Not sure there's been much of a HPI 'lifebelt' to cling to either. As far as I can see prices are falling in most areas outside London & the South-east in real terms if not nominally.

Eellogofusciouhipoppokunu

wotsthat wrote: »

The evidence is that householders aren't drowning in mortgage debt - sounds like hyperbole rather than reality.

Not sure there's been much of a HPI 'lifebelt' to cling to either. As far as I can see prices are falling in most areas outside London & the South-east in real terms if not nominally.

There was a HPI lifebelt during the period when house prices were booming and people were signing themselves into mortgage servitude, while convincing themselves that they were 'rich'. Gaining £30k in HPI post-boom is little reward for paying £170k more for a house than you would pre-boom.

As I said, people are so entrenched in their beliefs that houses are goldmines that their brains can't comprehend the truth and they argue vociferouly against any opposing view.....