Nationwide- +0.8% MoM +3.9% YoY

Graham_Devon

chucknorris wrote: »

What you and others are failing to realise is that this is good news for the economy, so it is good news for everyone. There just isn't a viable scenario where house prices crash and yet the economy improves so that those who want to buy could afford to buy and get mortgages.

You are NOT telling it how it is, not everyone who is financially successful is greedy, much in the same way that not everyone who isn't financially successful is bitter.

House prices rises are only good for the economy when they are rising from a stable base.

But when they are rising on the base of funding for lending, which will be axed at some point and help to buy which will be axed at some point, and base rates at 0.5%, that is NOT good for the economy at all.

Unless all this is kept in place forever, removing is will cause untold damge to the economy. That's why I hope these rises put a stop to the mortgage guarentee scheme in Jan 2014. Less damage removing it before it's started.

I am telling it how it is. All I have said is pretty much all those who are pro HPI own multiple houses. That is how it is. I'm sorry if it offends, it's not meant to, it's just the truth.

Please don't use the tired old "you don't understand" route. I understand perfectly. I just don't agree with your thoughts. Telling me "i don't understand" only undermines yourself as you try to make out everyone else is just a little inferior to yourself when it comes to intelligence.

chucknorris

would_be_FTB wrote: »

He is correct, all landlords are greedy.

Are all black men muggers?

chucknorris

Graham_Devon wrote: »

House prices rises are only good for the economy when they are rising from a stable base.

But when they are rising on the base of funding for lending, which will be axed at some point and help to buy which will be axed at some point, and base rates at 0.5%, that is NOT good for the economy at all.

Unless all this is kept in place forever, removing is will cause untold damge to the economy. That's why I hope these rises put a stop to the mortgage guarentee scheme in Jan 2014. Less damage removing it before it's started.

I am telling it how it is. All I have said is pretty much all those who are pro HPI own multiple houses. That is how it is. I'm sorry if it offends, it's not meant to, it's just the truth.

You just don't go from recession to recovery in one step. Lets not muddle the issue what you said was:

Graham_Devon wrote: »

Its mostly landlords against everyone else on here now though.
Those who have the most want more. Simple as that.
It's just greed, BUT, that's how everything we have has been built.

chucknorris

would_be_FTB wrote: »

So you are a racist too!

You (and graham) are the ones who are stereo-typing people, not me. My post was merely highlighting that, it was aimed at you, not black men.

chucknorris

Graham_Devon wrote: »

Please don't use the tired old "you don't understand" route. I understand perfectly. I just don't agree with your thoughts. Telling me "i don't understand" only undermines yourself as you try to make out everyone else is just a little inferior to yourself when it comes to intelligence.

Hang on minute I've just noticed your edit, when have I ever taken that tact? You are introducing an arguement and arguing with yourself.

Graham_Devon

chucknorris wrote: »

You just don't go from recession to recovery in one step. Lets not muddle the issue what you said was:

If it's not greed, what is it?

What benefit does owning multiple houses bring to others in society?

You could suggest you are doing a service by offering rentals, which is fine, but you only have to watch homes under the hammer once to see the greed factor of it all. Not once does anyone say "they want to offer a service" it's all about the yield, capital growth and cramming in as many as they can.

I did state greed has built everything we have though. There has to be some greed in the economy to get things done. But in terms of landlords, the money doesn't circulate through the economy or benefit anyone but the landlord themselves.

Graham_Devon

chucknorris wrote: »

Hang on minute I've just noticed your edit, when have I ever taken that tact? You are introducing an arguement and arguing with yourself.

When you said "what you and others are failing to realise".

Were not failing to realise anything. It's just a disagreement. I never talk down to you and assume you are on a lesser intellectual level. I just disagree and put the reasons forward for the disagreement.

I do to Hamish mind!

I'm wrapping this up now before it gets silly. It is clear that the majorty wan't price rises benefit financially on an individual level from their mutiple home ownership status.

The rest who don't celebrate HPI or are pretty neutral don't have more than one home.

I just feel that tells it's own story on here.

I've asked your questions based on what you have stated and you've not answered a single one of them. I just took offence to your line about those who can't afford a house ad wanting prices to fall becoming desperate, as it said a lot about your position from a multiple owner making profit from it all.

chucknorris

Graham_Devon wrote: »

If it's not greed, what is it?

What benefit does owning multiple houses bring to others in society?

You could suggest you are doing a service by offering rentals, which is fine, but you only have to watch homes under the hammer once to see the greed factor of it all. Not once does anyone say "they want to offer a service" it's all about the yield, capital growth and cramming in as many as they can.

I did state greed has built everything we have though. There has to be some greed in the economy to get things done. But in terms of landlords, the money doesn't circulate through the economy or benefit anyone but the landlord themselves.

Greed is defined as excessive desire for wealth (or other things) you don't have to be greedy to want financial success. There are many stages between saint and greedy.

chucknorris

Graham_Devon wrote: »

Were not failing to realise anything. It's just a disagreement. I never talk down to you and assume you are on a lesser intellectual level. I just disagree and put the reasons forward for the disagreement.

.

I wasn't talking down to you! I often fail to realise things, show me someone that doesn't and I will show you a liar. It doesn't mean that I or anyone else is on a lesser intellectual level.

IveSeenTheLight

the_flying_pig wrote: »

remind me why this particular dazzling insight makes 2013 vs 2012 HPI a "reason to celebrate"?

When buying property, I don;t find looking to the past a particular useful exercise in terms of assessing affordability.

As a buyer, you need to look at the present circumstances and prepare for the future.