House Price Gains 'strongest in 6 years'

chucky

Graham_Devon wrote: »

Well no, as, as I explained to you, the policy was reversed.

I don't know how else to explain this to you.

If you reverse the policy, you are not going to see the effects. I'm lost as to how I can explain this to you in a way that you will grasp?

HAMISH_MCTAVISH wrote: »

Really?

I just checked.

Halifax raised their SVR as planned.

Edit: Ha! So did BOI for 91% of their customers.

And yet none of the things you warned of happened.

Why?

HAMISH_MCTAVISH wrote: »

Graham..... No disappearing on this one.

HAMISH_MCTAVISH wrote: »

Graham..... No disappearing on this one.

Bump.........

movilogo

Number of houses for sale has fallen.

http://www.naea.co.uk/media/610761/NAEA-Housing-Market-Report-March.pdf

Because supply is low, buyers are bidding for most houses. Before any crash*, market stalls and thus we are about to enter that phase soon.

* = crash means slight fall in price eg 5-10%

mayonnaise

HAMISH_MCTAVISH wrote: »

Graham..... No disappearing on this one.

chucky wrote: »

Bump.........

We know you're here Graham. Come out, come out wherever you are...

Generali

HAMISH_MCTAVISH wrote: »

Nope.

A lot of noise form the usual suspects when it happened though, claiming this would cause prices to plummet.

Wrong again.

Surely the whole point is that interest rates rise once the economy can bear it. Interest rates aren't a whip for self-flagellation.

One of the effects is that mortgage costs rise but people are better able to afford to pay the higher mortgage cost. That's the point! (as you imply).

The cloud in the blue sky of the UK's economy is that interest rates have fallen so low that nobody really knows how to get from here back to a normal economy as we don't have any experience of doing that.

I expect that interest rates will be permanently lower. That's a part of my systemic bear prediction. An aging population will want to hold more cash in savings accounts and that will hold down market interest rates as well as house prices. This time it's different is a dangerous prediction to make but I honestly believe that the UK is going down the same path that Japan went down in 1989. You can fight almost anything but demographics.

I realise that you HAMISH are in favour of immigration to solve the problem and I agree that it would work. I do wonder about the political feasibility though.

Thrugelmir

Generali wrote: »

This time it's different is a dangerous prediction to make but I honestly believe that the UK is going down the same path that Japan went down in 1989. You can fight almost anything but demographics.

Likewise with over priced assets and a huge debt pile. Plenty of similarities.

pbouk

chucky wrote: »

Bump.........

Get a Life! This thread is from july 2013. How sad you must be to look through past posts to find a topic to bring up.

Thrugelmir

pbouk wrote: »

Get a Life! This thread is from july 2013. How sad you must be to look through past posts to find a topic to bring up.

Best to put on ignore. I did a very long time ago.

moneyinmypocket

Humble pie is best served fresh

chucky

moneyinmypocket wrote: »

Humble pie is best served fresh

The moral of the story for these people is if you don't want to be found out for saying stupid things, don't say them in the first place.

Thruglmeir is one that fits in this category very well.

Aberdeenangarse

chucky wrote: »

The moral of the story for these people is if you don't want to be found out for saying stupid things, don't say them in the first place.

Pot,Kettle, Black.......;)