Any other home buyers in NI?

shaz77_2

Buying a house separate from an EA is such a pain free process.

motorguy

warmhands.coldheart wrote: »

Don't you just love it when people with a vested interest in something can always pull a report to the contrary of someone else's findings from somewhere....... :rotfl:

I dont think anyone has a 'vested interest' in house prices continually dropping.

I think - and what do i know? - that we need some stability and confidence in our economy before we see real recovery, with that stability being property prices, jobs, wages, etc. Once that starts it should be self perpetuating.

I think there are shoots there but its still very weak.

Of interest, i still dabble in the motor trade and it is (relatively speaking) dead in the water at the minute - again probably another sign of lack of consumer confidence.

warmhands.coldheart

motorguy wrote: »

I dont think anyone has a 'vested interest' in house prices continually dropping.

I think - and what do i know? - that we need some stability and confidence in our economy before we see real recovery.

I think there are shoots there but its still very weak.

Of interest, i still dabble in the motor trade and it is (relatively speaking) dead in the water at the minute - again probably another sign of lack of consumer confidence.

I mean the RICS saying they are going up! Of course they want to say they are going up as it'll make people think housing's on the up again, lets start buying!!! prices still falling means people will hold off so fewer sales, not good for RICS members!!

saverbuyer

motorguy wrote: »

I dont think anyone has a 'vested interest' in house prices continually dropping.

I think - and what do i know? - that we need some stability and confidence in our economy before we see real recovery, with that stability being property prices, jobs, wages, etc. Once that starts it should be self perpetuating.

I think there are shoots there but its still very weak.

Of interest, i still dabble in the motor trade and it is (relatively speaking) dead in the water at the minute - again probably another sign of lack of consumer confidence.

Rising house prices (debt) don't equate to a good economy. Mostly it's the exact opposite.

You're right in that we do need stability, we need jobs and wage rises but these come before rising house prices.

We need to rebalance our economy towards export. For that to happen we need an attractive cost base, low house prices should be the centre of that. It's a global economy, we need to be competitive.

To be honest, I see little change since 2007 and the crash. Yes prices have gone down, but there’s been little growth in the real economy, confidence fuels spending, and spending has got us to where we are now. We need to grasp the nettle, we need realism, debt won’t increase living standard long-term.

saverbuyer

Mistral001 wrote: »

The two conflicting reports. ie one based on figures from the mortgage lenders and the other by RICS I assume are not based on a full set of data. What about houses sold for cash (ie. without using a mortgage or bank loan) and houses sold without using an estate agent. And then there are all those houses sold at auction. Are they included?

This report looks to be based on mortgage sales.

The RICS is based on member "opinions". So do you think prices are up, lower or the same. Then they find the net figure. So 100 members, 50 say up, 45 say down and 5 say the same.

Prices are going up.

Not very scientific.

motorguy

warmhands.coldheart wrote: »

I mean the RICS saying they are going up! Of course they want to say they are going up as it'll make people think housing's on the up again, lets start buying!!! prices still falling means people will hold off so fewer sales, not good for RICS members!!

I think thats a very cynical - though plausible - statement.

motorguy

saverbuyer wrote: »

To be honest, I see little change since 2007 and the crash. Yes prices have gone down, but there’s been little growth in the real economy, confidence fuels spending, and spending has got us to where we are now. We need to grasp the nettle, we need realism, debt won’t increase living standard long-term.

Over spending has got us where we are now.

And in reality, based in what you're saying, dropping house prices has done nothing at all for the economy, where the confidence that even gently rising prices would bring could be beneficial overall.

Hard to say. I'm not considering selling and i'm not considering buying, so i've no vested interest either way.

motorguy

saverbuyer wrote: »

We need to rebalance our economy towards export. For that to happen we need an attractive cost base, low house prices should be the centre of that. It's a global economy, we need to be competitive.

We have an attractive cost base and we are competitive. Lots of companies 'near shore' their work to here rather than offshore to india, because we're cheap.

saverbuyer

motorguy wrote: »

Over spending has got us where we are now.

And in reality, based in what you're saying, dropping house prices has done nothing at all for the economy, where the confidence that even gently rising prices would bring could be beneficial overall.

Hard to say. I'm not considering selling and i'm not considering buying, so i've no vested interest either way.

You're right; overspending is what it's all about.

With public debt of £4 trillion, we probably shouldn't be spending much, if anything.

Dropping house prices have ensured that the next generation don't get saddled with debts (and interest) and can use their money in the real economy.

saverbuyer

motorguy wrote: »

We have an attractive cost base and we are competitive. Lots of companies 'near shore' their work to here rather than offshore to india, because we're cheap.

Define "lots".

http://www.thedetail.tv/issues/128/invest-ni/going-to-plan-how-invest-nis-strategy-is-really-working-out