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Debate House Prices
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House prices in the real world....
Comments
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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.0 -
The only reason the HPI nutters want prices to rise is so they can borrow some more money.
What a sad bunch of chancers.0 -
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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...0 -
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”0 -
“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”0 -
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.0 -
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Official MR B fan club,dont go............................0
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