MSE News: House prices up at fastest rate in three years

grifferz

brit1234 wrote: »

Yet again completely deflecting the question. I gave you the chance to argue your point and you failed to do so.

I am not persuaded 100% by everything that hamish posts, but what is the point in debating a set of circumstances that he doesn't believe will come to pass?

Furthermore, you again did not answer direct questions as to why you never update your signature and never acknowledge those of your predictions that go massively wrong (which as far as I can see seems to be all of them?)

Making these predictions and then being very very wrong is bad enough. Staying silent on the topic and just continuing to make more predictions I am afraid makes you look like a bit of a crackpot. This is not intended to be a personal attack, it is just the inevitable consequence of saying all this stuff and then refusing to mention it again later.

You accuse Hamish and other accounts of being sock puppets but the fact is that even if they were all one person who spends all day every day grinding their axe over your points, they are pointing out glaring errors that you have made in your predictions.

You are of course free to make bizarre predictions on the Internet as much as you like, but what would you say to a person who followed your advice and sold their home in 2009 because you told them the bottom was still to come and they should get out while they can? Or who cashed in their shares in August 2012 to buy silver, at your say-so?

harpoboy

grifferz wrote: »

... but what would you say to a person who followed your advice and sold their home in 2009 because you told them the bottom was still to come and they should get out while they can? Or who cashed in their shares in August 2012 to buy silver, at your say-so?

I would say a fool and their money...

If only brit bought back in early 2009 when he claimed he had the money to do so - perhaps he wouldn't be quite so bitter and resentful of others who have made successes of their lives.

shortchanged_2

OffGridLiving wrote: »

Your post would have so much more gravitas if you didn't have a signature that you stopped updating since last September (when house prices started rising?)

Are we going to get an update of your signature? The 50% equity challenge by 2013 wasn't it?

HAMISH_MCTAVISH

House prices rose at their strongest rate in almost six years last month rising across almost a third of the country, figures released today reveal.

Prices in 31 per cent of all postcodes in England and Wales grew, marking the highest proportion recorded since September 2007 as improved market activity spread beyond London, property analysts Hometrack found.

Average prices increased by 0.4 per cent in June, matching the growth seen in May which was the highest increase seen in a single month since June 2007.

Only 3.1 per cent of postcodes saw house prices fall, representing the smallest share seen for three years.

And also of interest from the article....

Across England and Wales, sellers are achieving around 94.2 per cent of the asking price. The higher this indicator grows above 93 per cent, the higher the likelihood of increases in property prices.

http://www.thisismoney.co.uk/money/mortgageshome/article-2352212/Hometrack-House-prices-make-strongest-gains-years.html#ixzz2Xs6LxFjo

:beer:

christopher1977

The house i was looking at buying started on the market at 270k 2 years ago.

I moved into rented (about 8k a year) and have been there just over 2 years.

That same house is now on for 200k:beer:

HAMISH_MCTAVISH

christopher1977 wrote: »

The house i was looking at buying started on the market at 270k 2 years ago.

I moved into rented (about 8k a year) and have been there just over 2 years.

That same house is now on for 200k:beer:

I would be well over £100,000 worse off if I had chosen to rent instead of owning since 2007.

But neither of our circumstances are average.

On average however, most people in most places would have been better off buying than renting over the last few years.

OffGridLiving

shortchanged wrote: »

Are we going to get an update of your signature? The 50% equity challenge by 2013 wasn't it?

What an odd post - I clearly don't have a signature.

By the way, do you actually ever discuss/debate anything on here or do you just limit yourself to a bit of stalking and random off-topic posting?

OffGridLiving

christopher1977 wrote: »

The house i was looking at buying started on the market at 270k 2 years ago.

I moved into rented (about 8k a year) and have been there just over 2 years.

That same house is now on for 200k:beer:

Just out of interest, how much did you offer on that house 2 years ago (they may have had it up for £270k but might have accepted, say, £240k if they had a firm offer and no chain)? My point is that unless you were about to exchange and then pulled out, you don't really know what you could have bought the house for 2 years ago in order to know how much you have saved in the intervening years. As we all know, especially in a buyers market, Asking price is not the sale pice.

Have you made an offer now, or will you wait for it to drop further?

christopher1977

OffGridLiving wrote: »

Just out of interest, how much did you offer on that house 2 years ago (they may have had it up for £270k but might have accepted, say, £240k if they had a firm offer and no chain)? My point is that unless you were about to exchange and then pulled out, you don't really know what you could have bought the house for 2 years ago in order to know how much you have saved in the intervening years. As we all know, especially in a buyers market, Asking price is not the sale pice.

Have you made an offer now, or will you wait for it to drop further?

i'm not going to make something up just to back my view point so i will honest and admit i never even offered initially.
I have still not made an offer as other properties that i prefer have now been reduced so i think i will be buying soon..................need more space as baby No2 is due this Friday:j

OffGridLiving

christopher1977 wrote: »

i'm not going to make something up just to back my view point so i will honest and admit i never even offered initially.
I have still not made an offer as other properties that i prefer have now been reduced so i think i will be buying soon..................need more space as baby No2 is due this Friday:j

Apologies if I gave the impression I thought you were making something up. I didn't.

My point, as I mentioned, was that it's difficult to know exactly how much someone in your position saved unless you had a (much negotiated) offer (grudgingly) accepted at £270k but the sale fell through for some reason and you ended up buying the house 2 years later for £200k.

Any other scenario is speculation, because until you went through the buying process with valuation, etc. you'd never really know whether the £270k represented fair market price at that point in time, or the owner was a chancer and put his sale up up massively.

What I'm getting at is that his house could have been worth £210k 2 years ago and he put it up for £270k to see if he could get any mugs interested. He obviously didn't get a sniff and so he's priced it realistically to sell. So instead of saving £70k - £8k (rent) you would have saved just £2k after waiting 2 years.

That's all just academic as you're looking to buy elsewhere anyway. One question though, are you not worried that house prices will crash once the 'props' of low interest rates have been taken away?