Rightmove Jun: +1.2% MoM +2.7% YoY

the_flying_pig

Conrad wrote: »

Very naïve dear boy.

Only the other month had a fairly new immigrant in (here 7 years), and already onto his second property.

Sure the journey is tough to begin with but none the less huge numbers take the plunge and enjoy the fruits as did their predecessors...

that [to the extent that you're even arguing anything concrete] is just rubbish.

objectively, objectively, a bus driver in 2013 cannot afford to buy anything like the same quality of property in London that a bus driver could do in 1983 [e.g. let's say a small 3 bed terraced cottage in, oh, Brixton]. that's just a fact.

what you seem to be saying is something a bit like, 'true enough but what today's bus driver can do is buy a markedly inferior place [e.g. smaller and/or in a poorer area - let's say we're now talking about a 1-bed tower block flat in Brixton] and then make some money on it through HPI'.

it was obviously, obviously, obviously better to buy a decent 3 bed place [& make money on that or not] than buy a rubbish 1 bed place [& make money on that or not]. so as per my earlier post, HPI has made the 2013 bus driver worse off than the 1983 bus driver. the only sense in which a 2013 bus driver has been "equalised" vis-a-vis his 1983 counterpart is in an edward woodward sense - the financial equivalent of a ballistic knife has hit him right where it hurts. is that really so hard to grasp?

Conrad wrote: »

...30 years from now someone will be posting about the new boomers and how it can never be repeated by the next generation.:rotfl:

what you seem to be saying here is something like, 'yeah, OK, your generation has it a lot worse than your predecessors, but rest assured that compared to you the guys who come after you will be really stuffed'.

forgive me for keeping the :beer: on ice.

Turnbull2000

Despite another record in the capital, the biggest winner in 2013 is the ‘under-priced’ South East where prices have soared by 14.8% (+£42,548) since the start of the year

Wow, just wow!

sheffield_lad

Like I said in a post yesterday some of my agents are short of stock for the first time in over 6yrs.

This last two months have been very busy in comparison to the previous springs since 2007.

houses are moving fast

dryhat

Only a complete idiot would think rapidly rising house prices were a good thing.

Generali

dryhat wrote: »

Only a complete idiot would think rapidly rising house prices were a good thing.

Just as well they're only rising gently, barely with inflation.

It's really the best outcome.

Lizling

Generali wrote: »

Just as well they're only rising gently, barely with inflation.

It's really the best outcome.

On average. Same as if you put your head in a fire and your feet in a bucket of ice, you'd be about the right temperature, on average.

chewmylegoff

Percy1983 wrote: »

I am happy to say I class the RM index as irrelevant which ever way it points, at most it show senitment in the market, litttle more.

Has the RM index ever shown a decline? I am certain house prices did.

yes, it always declines in the second half of every year with a small spike in sept/oct before continuing on its downwards journey (which is why it is +10% in H1 2013 but only +2.7% YOY). the fact that it isn't seasonally adjusted provides w@nk material for loons like turnbull who no doubt will say nothing at all when it shows -6% in november.