House Prices up £142 per day

grizzly1911

shortchanged wrote: »

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

HMcT doesn't care about them.

He doesn't care about the fact they are bent over to pay high interest rates and fees or the fact that they pay through the nose for schemes dreamt up by house builders. He doesn't care that they may have to stump up high fees for MIGs.

Just wants them to be mortgaged to the hilt. That will make the economy so much better.

ess0two

Percy1983 wrote: »

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

Do they have to do anything to earn it,you come across more like Devon everyday.

Percy1983

ess0two wrote: »

Do they have to do anything to earn it,you come across more like Devon everyday.

But for the older generations to cash this HPI the young have to pay the HPI.

So even if the old do deserve the HPI (still don't see how) then why do the younger generations deserve the bill?

DervProf

Sibley wrote: »

Bash bash bash...Take that you HPC toads....lol

Bashing again Sibbers ?

ukcarper

Percy1983 wrote: »

But for the older generations to cash this HPI the young have to pay the HPI.

So even if the old do deserve the HPI (still don't see how) then why do the younger generations deserve the bill?

Just because someone bought a house in the 70s or 80s it doesn't mean they have made a fortune out of hpi.

in 1973 the average house price was £9500 compared to £161k now an increase of 17x while at the same time wages have increased 16x so that gain is about £10k I wonder how much interest they paid.

1989 average house price £62k so increase of 2.6x while wages have increased 2.5x

Percy1983

ukcarper wrote: »

Just because someone bought a house in the 70s or 80s it doesn't mean they have made a fortune out of hpi.

in 1973 the average house price was £9500 compared to £161k now an increase of 17x while at the same time wages have increased 16x so that gain is about £10k I wonder how much interest they paid.

1989 average house price £62k so increase of 2.6x while wages have increased 2.5x

By all means I am sure you can pick previous peaks and compare to the current off peak and you are quite correct that some may not make much profit. Likewise I am sure we can pick someone buying in a low and selling in 2007 and it will look rather different.

I do reject taking interest into the sums, you have a loan you pay interest for the privilege, you don't deserve HPI to cover your interest payments.

By all means I am not calling for massive drops, just no rampant HPI, I think stable prices for another few years is the fairest way forward.

ukcarper

Percy1983 wrote: »

By all means I am sure you can pick previous peaks and compare to the current off peak and you are quite correct that some may not make much profit. Likewise I am sure we can pick someone buying in a low and selling in 2007 and it will look rather different.

I do reject taking interest into the sums, you have a loan you pay interest for the privilege, you don't deserve HPI to cover your interest payments.

By all means I am not calling for massive drops, just no rampant HPI, I think stable prices for another few years is the fairest way forward.

Yes take a look at the period between 1990 and 2002 but that doesn't alter the fact it's not how long ago you bought but where in the cycle you bought.

With interest the high rates in the 70s and 80s increased the overall cost considerably.

It's not just about how long ago you bought.

I do agree stable prices would be good

Percy1983

ukcarper wrote: »

Yes take a look at the period between 1990 and 2002 but that doesn't alter the fact it's not how long ago you bought but where in the cycle you bought.

With interest with the high rates in the 70s and 80s increased the overall cost considerably.

It's not just about how long ago you bought.

Which is why we should try and get away form such cycles to avoid both and bust, I am more than happy for houses to go up with inflation/wages but stay the same in real terms.

ukcarper

Percy1983 wrote: »

Which is why we should try and get away form such cycles to avoid both and bust, I am more than happy for houses to go up with inflation/wages but stay the same in real terms.

Unfortunatly I don't think that will happen.

Conrad

Percy1983 wrote: »

Which is why we should try and get away form such cycles to avoid both and bust, I am more than happy for houses to go up with inflation/wages but stay the same in real terms.

With high inflation and low returns on cash I can see property becomming quite a bit more popular.

There are far worse unfairness's than HPI in this world you know. Things that are worth getting vexed about like those smiley Thai kids on BBC4 tonight who's only protein tends to be spiders and ants.