House Prices up £142 per day

dryhat

So £142 x 365 = £51830

Are you HPI nutters suggesting that this time next year average prices will be over 50k higher?

Mr._Pricklepants

wymondham wrote: »

it makes no difference to me - I'll only realise this if I sell up and don't buy again so it means nothing.

Sure, as with any other asset you need to sell it to realise any price increase. That's obvious.

But do explain why a falling (illiquid) asset price is a good thing.

wotsthat

dryhat wrote: »

So £142 x 365 = £51830

Are you HPI nutters suggesting that this time next year average prices will be over 50k higher?

Not even the Express are suggesting that.

Mr._Pricklepants

dryhat wrote: »

So £142 x 365 = £51830

Are you HPI nutters suggesting that this time next year average prices will be over 50k higher?

Already discussed, naerlynew.
ISTL has explained clearly we can't extrapolate like that.

dryhat

So maybe it's £142 today and maybe tomorrow.

Then on wednesday up, say, £150 a day.

Then maybe nothing for a couple of weeks and then up a bit more.

On the odd days that it doesn't go up will they report an £94 fall for example?
I doubt it.

So just a pile of 5h1t really then.

Conrad

wymondham wrote: »

it makes no difference to me - I'll only realise this if I sell up and don't buy again so it means nothing.

Not this ole chestnut again!


Millions of retirees downsize, it's completely normalized behaviour and releases a tax free lump sum to invest in the process.

Do you not travel around and meet older folk that have done this? Even those pwoperdee !!!!!! shows like Escape To The Country often feature such people.

More expensive property tends to increase in value at a disproportionally greater rate compared to that we would look to downsize to.

wymondham

Mr._Pricklepants wrote: »

Sure, as with any other asset you need to sell it to realise any price increase. That's obvious.

But do explain why a falling (illiquid) asset price is a good thing.

A falling asset isn't a good thing, but sensible house prices is. This endless spiral up is not all good surely??

Percy1983

Conrad wrote: »

Not this ole chestnut again!


Millions of retirees downsize, it's completely normalized behaviour and releases a tax free lump sum to invest in the process.

Do you not travel around and meet older folk that have done this? Even those pwoperdee !!!!!! shows like Escape To The Country often feature such people.

More expensive property tends to increase in value at a disproportionally greater rate compared to that we would look to downsize to.

Which is fair enough, but what have they done to earn all that HPI? and who has to pay for that unearned HPI?

shortchanged_2

HAMISH_MCTAVISH wrote: »

Your net worth has increased.

Prices going up is good for almost everyone.

Apart from the poor old FTB's at the bottom of the pyramid scheme that you care so much about Hamish.

grizzly1911

Conrad wrote: »

Not this ole chestnut again!


Millions of retirees downsize, it's completely normalized behaviour and releases a tax free lump sum to invest in the process.

Do you not travel around and meet older folk that have done this? Even those pwoperdee !!!!!! shows like Escape To The Country often feature such people.

More expensive property tends to increase in value at a disproportionally greater rate compared to that we would look to downsize to.

Assumes you have something big enough, in the first place, to downsize from. I would suggest the numbers dropping house sizes is probably a lot less than those who are struggling to stay put outside the SE.

Some people are already in the country, no need to escape.:)