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Debate House Prices
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People will adjust their spending habits in order to afford their mortgage
Comments
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As I understand those apply to new build so can you explain why old house prices are now higher.
Price drag?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
As I understand those apply to new build so can you explain why old house prices are now higher.
It's the average which has increased across the country. I don't know whether old prices have increased, though assume they would have.
But if Bovis can raise the price of their homes 15% in 6 months (I think it was 6 months) this will drag the average price up across the board as were looking at the average price.
It stands to reason that if new builds go up in price, the average prices goes up in price and therefore the older properties follow the price increases upwards. Same at a time of decline.
Bit like shares, if the average is down, one share can peform well, but will still fall due to the general downturn in shares.0 -
Graham_Devon wrote: »Good to have you back reno / harry / MFW / list of others I cant remember.
I can only assume what you will do, and write what you will do because it's so completely obvious. Not because I'm a genius who can view responses so quickly after posting mine, click through, scroll down, read, go back and edit posts and post the edit within a minute timeframe in order to make you look silly.
You do that yourself by being so predictable, pretending to be someone else to blend in etc etc.
Thing is, you can't change your style of writing. You'd be a genius if you could.
Christ, I think you need to have a break Graham, you seem to have lost the plot. Calm down, have a word with yourself and come back when you're in a better place.
Jeeze, all I did was suggest that we leave the discussion there and agree to disagree. The way you're ranting you'd think I just admitted I slept your your OH.0 -
Graham_Devon wrote: »It's the average which has increased across the country. I don't know whether old prices have increased, though assume they would have.
But if Bovis can raise the price of their homes 15% in 6 months (I think it was 6 months) this will drag the average price up across the board as were looking at the average price.
It stands to reason that if new builds go up in price, the average prices goes up in price and therefore the older properties follow the price increases upwards. Same at a time of decline.
Bit like shares, if the average is down, one share can peform well, but will still fall due to the general downturn in shares.
Bovis haven't increased the price of their homes by 15% in the last 6 months as I showed yesterday.
All types of properties have increased in price even though you can't get any help from government to buy second hand property.0 -
grizzly1911 wrote: »Price drag?
According to Graham the only reason prices are increasing is Help to Buy etc as that is not available on second hand properties how does that drag work.0 -
Bovis haven't increased the price of their homes by 15% in the last 6 months as I showed yesterday.
All types of properties have increased in price even though you can't get any help from government to buy second hand property.
Bovis HAVE increased the prices of their homes.
You pointed out, quite rightly, they hadn't increased their profits by 15%. But they have definitely increased the prices of their homes by an average 15%.
This will drag all home prices up. As with shares, theres a drag up and a drag down based on wider indexes. BT doesn't have to do anything good for their prices to rise, they will rise if the general market is rising. Same with houses.0 -
According to Graham the only reason prices are increasing is Help to Buy etc as that is not available on second hand properties how does that drag work.
Oh come on carper. Please don't join in the others.
I said help to buy, QE, funding for lending, housing benefit budget increasing 35% in a few years, SMI. I said it ALL takes a part. I never singled out one area.0 -
Graham_Devon wrote: »Well considering the timings of your post and my edit, it's pretty unlikely I had seen your response, isn't it.
I just knew you wouldn't tackle it...though I did expect you to say something along the lines of "wall of waffle, strawman" or something else.
Point stands though doesn't it. I put up a load of reasonings for you and you have decided to "agree to disagree".I hadn't seen your response. Genuinely.
It would take quite a bit of skill to post my post, refresh the thread, scroll down to see you had posted, read your post, think up a quick line to "catch you out", go back in and edit my post and then click the post button all within possibly a few seconds.
I can't spell at the best of times, so bashing out a sentence at a million miles per hour would have resulted in spelling errors all over it.
But my point stands doesn't it. You haven't attempted to discuss anything in response to your question. That is why I wrote what I wrote, as I knew you wouldn't attempt to discuss it, and you haven't.
You've simply gone off on one again insisting that because you have said I have done soemthing, I have.
Good to have you back reno / harry / MFW / list of others I cant remember.
I can only assume what you will do, and write what you will do because it's so completely obvious. Not because I'm a genius who can view responses so quickly after posting mine, click through, scroll down, read, go back and edit posts and post the edit within a minute timeframe in order to make you look silly.
You do that yourself by being so predictable, pretending to be someone else to blend in etc etc.
Thing is, you can't change your style of writing. You'd be a genius if you could.
This is getting rather painful to watch. I do appreciate the odd bit of pointless bickering, but you're taking it to a new level, Graham.0 -
Graham_Devon wrote: »Bovis HAVE increased the prices of their homes.
You pointed out, quite rightly, they hadn't increased their profits by 15%. But they have definitely increased the prices of their homes by an average 15%.
This will drag all home prices up. As with shares, theres a drag up and a drag down based on wider indexes. BT doesn't have to do anything good for their prices to rise, they will rise if the general market is rising. Same with houses.
They haven't the average price of property sold has increased by 15% because they are now selling more family homes that is not the same thing as increasing prices by 15%.
The sold price of second hand homes has increased Help to Buy is not available on them so how does it drag the prices up.0 -
When did Help to Buy start running? It must have been a while back to have helped house prices turn around?0
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