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Debate House Prices


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Nationwide march: +0.0% MoM +0.8%YoY

24

Comments

  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ess0two wrote: »
    Yeah, best bet is to keep renting and pay someone elses mortgage.

    They went up 6.3% in London according to the linked article. I am quite happy with that.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Percy1983 wrote: »
    My public sector payrise is better than that!

    Made allowance for your higher pension contributions?
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Thrugelmir wrote: »
    Made allowance for your higher pension contributions?

    It is still such good value I wish I could pay 5 x the pension contribution for 5 x the pension (or even more).
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    SAVING_IS_DEAD_MONEY wrote: »
    This is just the beginning of the end for our renter classes. With savings rates decimated and Cyprus putting the willies up all European savers expect a capital flight straight into hard backed assets. We are now on the HPI escalator. Buy if you can and pay off your own mortgage or rent and pay off someone else mortgage. The choice could not be more clear and stark. You have bean warned.

    If you can't afford the deposit, and don't meet the affordability criteria doesn't really matter.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • coastline
    coastline Posts: 1,662 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    SAVING_IS_DEAD_MONEY wrote: »
    This is just the beginning of the end for our renter classes. With savings rates decimated and Cyprus putting the willies up all European savers expect a capital flight straight into hard backed assets. We are now on the HPI escalator. Buy if you can and pay off your own mortgage or rent and pay off someone else mortgage. The choice could not be more clear and stark. You have bean warned.

    Maybe UK folk are concerned but the majority have no savings to fund cash house purchases..
    Even with low volumes of home sales we hear that a fair percentage are cash sales...but it won't be the people who are desperate to get on the housing ladder..
    Cash sales have been funding the south east boom for a few years...maybe they've dumped their pension schemes for property.??

    http://www.bbc.co.uk/news/business-13116262

    no savings...

    http://www.telegraph.co.uk/finance/personalfinance/savings/7545194/More-than-a-fifth-of-Britons-have-no-savings.html

    http://moneyfacts.co.uk/news/savings/eleven-million-adults-have-no-savings250612/

    latest..

    http://www.guardian.co.uk/money/2013/feb/25/millions-britons-without-future-savings
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucknorris wrote: »
    It is still such good value I wish I could pay 5 x the pension contribution for 5 x the pension (or even more).

    Not disagreeing. I've been contracting for a quasi organisation that operates under civil service employment pension rules. With an employer rate of 26%, an absolute steal.
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Made allowance for your higher pension contributions?

    Contributions are the same, just a slightly less good deal at the end.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Percy1983 wrote: »
    Contributions are the same, just a slightly less good deal at the end.

    Many public sector workers are seeing an increase this April. Which is year 2 out of 3 years of rises. Also public sector employers will be paying higher employee nic contribution rates.

    So in essence many public sector workers will see no net increase in disposable income over a 12 month period. .
  • mrginge
    mrginge Posts: 4,843 Forumite
    Hamish, the other day you told me that the average price of a house is more like 235k and that the nationwide price was 'not an average, and never claimed to be'

    So is it now an average price and if not, why did the survey find so, and why are you repeating this falsehood if you know it not to be the case?
    If it now is an average price, then was the figure you quoted me the other week wrong, or was it right then but wrong now?

    Actually, don't bother. I know the answer to all those questions. It's that your full of ****
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    SAVING_IS_DEAD_MONEY wrote: »
    Was he talking about mean, median, or mode average. All are averages and all are valid.

    Also, this is a different data set. The £235,000 is land registry I believe whereas £165,000 is houses and flats bought with mortgages from Nationwide.

    House prices continue to fall in real terms. I suspect that they'll pick up a bit later in the year. Monthly figures are just noise of course.
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