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Britons forced in to 'modern day slavery' by soaring house prices!!

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Comments

  • thesaint
    thesaint Posts: 4,324 Forumite
    Part of the Furniture Combo Breaker
    You've all lost me with all this talk of manufacturing, self sufficiency, New Zealand, farmers, oil, gold, importation etc.

    What I want to declare is my home is worth more now than it was this morning.:j
    Well life is harsh, hug me don't reject me.
  • deary65
    deary65 Posts: 818 Forumite
    thesaint wrote: »
    You've all lost me with all this talk of manufacturing, self sufficiency, New Zealand, farmers, oil, gold, importation etc.

    What I want to declare is my home is worth more now than it was this morning.:j

    We have a voice among us crying in the wilderness!!
    Any posts by myself are my opinion ONLY. They should never be taken as correct or factual without confirmation from a legal professional. All information is given without prejudice or liability.
  • pricedout_1
    pricedout_1 Posts: 146 Forumite
    Part of the Furniture 100 Posts Name Dropper
    thesaint wrote: »
    You've all lost me with all this talk of manufacturing, self sufficiency, New Zealand, farmers, oil, gold, importation etc.

    What I want to declare is my home is worth more now than it was this morning.:j

    Actually it's probably worth less. Sentiment has changed with rising interest rates and a growing intolerance of high property values. The headlines have turned from "house prices up" to "house prices cooling". Just today in the paper the headline was "mortgage approvals at 12 year low". Read between the lines!
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Part of the Furniture Combo Breaker
    hughgallagher wrote: »
    Actually it's probably worth less. Sentiment has changed with rising interest rates and a growing intolerance of high property values. The headlines have turned from "house prices up" to "house prices cooling". Just today in the paper the headline was "mortgage approvals at 12 year low". Read between the lines!

    It will take 6 months to 2 years for the full effects to become apparent :)

    But yes, the bubble is deflating.
  • thesaint
    thesaint Posts: 4,324 Forumite
    Part of the Furniture Combo Breaker
    hughgallagher wrote: »
    Actually it's probably worth less. Sentiment has changed with rising interest rates and a growing intolerance of high property values. The headlines have turned from "house prices up" to "house prices cooling". Just today in the paper the headline was "mortgage approvals at 12 year low". Read between the lines!

    I have taken the liberty to highlight where you are going wrong.

    Come towards the light, it's scary but will engulf you in it's warmth.
    Well life is harsh, hug me don't reject me.
  • pricedout_1
    pricedout_1 Posts: 146 Forumite
    Part of the Furniture 100 Posts Name Dropper
    thesaint wrote: »
    What I want to declare is my home is worth more now than it was this morning

    I have taken the liberty to highlight where you are going wrong.
    :rotfl:
    thesaint wrote: »
    Come towards the light, it's scary but will engulf you in it's warmth.

    I tried the light once ... it's not all its cracked up to be you know...
    darkness is the future ... get with the program :eek:
  • wibble68_2
    wibble68_2 Posts: 176 Forumite
    hughgallagher wrote: »
    The headlines have turned from "house prices up" to "house prices cooling". Just today in the paper the headline was "mortgage approvals at 12 year low". Read between the lines!

    I have also noticed that the media are now putting out particularly bearish stories on the housing market.

    It's my belief that these stories are an attempt to talk the BOE out of further rate rises.

    A year ago the same data was getting "Housing market is still booming" stories.

    I tend to look at the data and make my own assessment. I'm not willing to listen to journalists who think they can control the market.

    Maybe they should declare how many buy to lets they have at the bottom of each article they write.
  • before_hollywood
    before_hollywood Posts: 20,686 Forumite
    baby_boomer wrote: »
    Are they? And if they were it wouldn't drive house prices upwards.

    Surely the rise of DINKIES (double income no kids) is the key social change which has driven the housing market to new levels?

    i think you will find your logic is flawed.

    a few things that have changed:
    highest ever divorce rates- divorced couples live in seperate houses
    the rise of 'buy to let'- people thinking ''i can make a quick couple of quid- then discovering its not so easy''
    a population thats growing older, living longer than ever before

    you can't blame people without kids for everything you know
    things arent the way they were before, you wouldnt even recognise me anymore- not that you knew me back then ;)
    MercilessKiller wrote: »
    BH is my best mate too, its ok :)

    I trust BH even if he's from Manchester.. ;)

    all your base are belong to us :eek:
  • Optimist
    Optimist Posts: 4,557 Forumite
    Part of the Furniture
    baby_boomer wrote: »
    Are they? And if they were it wouldn't drive house prices upwards.

    Surely the rise of DINKIES (double income no kids) is the key social change which has driven the housing market to new levels?

    I tend to think the key social change is people are now living alone instead of as married couples (DINKIES or not) plus the fact that just to keep up with current "legal" immigration 200 new houses a day need to be built just to keep up.
    "The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts."

    Bertrand Russell. British author, mathematician, & philosopher (1872 - 1970)
  • peter999
    peter999 Posts: 7,102 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    thesaint wrote: »
    What I want to declare is my home is worth more now than it was this morning.:j
    Stop counting your money !!

    peter999
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