Debate House Prices


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House prices in the real world....

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Comments

  • marathonic
    marathonic Posts: 1,778 Forumite
    First Anniversary Combo Breaker First Post
    N1AK wrote: »
    House prices outside of London are up by under 1% YoY truly the market is booming and buying a property is like printing money!!! :rotfl:

    Given that renting is cheaper than buying in many places outside London and people are highly leveraged in the property market, it is a reasonable enough start to the rises....

    A 10% deposit used to buy a house that rises by 1% in value gives a 10% return on initial investment.
  • dryhat
    dryhat Posts: 1,305 Forumite
    The only reason the HPI nutters want prices to rise is so they can borrow some more money.

    What a sad bunch of chancers.
  • marathonic
    marathonic Posts: 1,778 Forumite
    First Anniversary Combo Breaker First Post
    dryhat wrote: »
    The only reason the HPI nutters want prices to rise is so they can borrow some more money.

    What a sad bunch of chancers.

    In general, the only people who get anywhere in life are the "chancers"....
  • N1AK
    N1AK Posts: 2,903 Forumite
    First Post First Anniversary
    marathonic wrote: »
    Given that renting is cheaper than buying in many places outside London and people are highly leveraged in the property market, it is a reasonable enough start to the rises....

    A 10% deposit used to buy a house that rises by 1% in value gives a 10% return on initial investment.

    House prices in April 2010 were 8.5% higher than they were in April 2009. In April 2012 they were 1.3% lower.

    If an 8.5% increase wasn't a good start to rises then I see very little reason to take a 1% rise YoY as proof.

    The relative merits of house buying are one thing; Hamish's attempts to spin anything he can as evidence to support his agenda is another.
    Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    First Post First Anniversary Photogenic Name Dropper
    N1AK wrote: »
    House prices outside of London are up by under 1% YoY truly the market is booming and buying a property is like printing money!!!

    Plus the average yield, either imputed or realised, of around 5.75%.

    6.75% returns in 12 months.

    Beats the crap out of renting....;)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    First Post First Anniversary Photogenic Name Dropper
    N1AK wrote: »
    Hamish's attempts to spin .

    I spun nothing.

    Just posted the facts. :)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • the_flying_pig
    the_flying_pig Posts: 2,349 Forumite
    HAMISH_MCTAVISH wrote: »
    I spun nothing.

    Just posted the facts. :)

    not really, H.

    screen sizes vary, obviously, but your OP on this thread has about a couple of inches [on my screen] of "facts", at the very beginning, about average house prices.

    after that there's about a foot and a half [on my screen] of hand-picked quotes, all of them ramping.

    that's "spin" by any sensible measure.
    FACT.
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    dryhat wrote: »
    The only reason the HPI nutters want prices to rise is so they can borrow some more money.

    What a sad bunch of chancers.

    Nope. No need to borrow more.
    But it sure feels good to see the price of an asset ticking up nicely.
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    dryhat wrote: »
    What a sad bunch of chancers.

    Like those putting money in bitcoin? :rotfl:
  • ess0two
    ess0two Posts: 3,606 Forumite
    First Post First Anniversary Name Dropper
    Mr._Pricklepants wrote: »
    Like those putting money in bitcoin? :rotfl:


    Gauranteed return innit
    Official MR B fan club,dont go............................
This discussion has been closed.
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