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Debate House Prices
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Halifax July +0.9% MoM +4.6% YoY
Comments
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The schemes and 'props' are now locked in until the election unless, for purely political reasons, a scheme or two is toned down because the awesomeness of government policy means it's no longer needed.
There will only be muted criticism as the government are helping people onto the housing ladder and prices are rising so negative equity isn't going to be a worry in the pre-election period. Meanwhile the wealth of homeowners is increasing.
By and large people vote with their back pockets. The conservatives know this and so do Labour who must be despondent with the decent economic news that keeps coming out.
The 'early adopters' of HTB look like they're going to do alright from this scheme - thought they would.
Politically they may like to see double digit house price increases, which is where we are heading.
However, that brings with it untold problems, especially as such low base rates.
I don't think it's outlandish or bearish to suggest pumping prices up like this on government back money at a time of record low interest rates is to our medium term benefit.
As for stating it would be muted, radio 2 oday have already laid in.0 -
Graham_Devon wrote: »Politically they may like to see double digit house price increases, which is where we are heading.
However, that brings with it untold problems, especially as such low base rates.
I don't think you're really expecting sustained double-digit HPI or believe the government are propping up the market in any serious way.
A rational person, if they could, would have bought in if that's what they really believed.
Aren't you just naysaying because HPI is above inflation for the first time in years?Graham_Devon wrote: »As for stating it would be muted, radio 2 today have already laid in.
Why what did they say?0 -
Thrugelmir wrote: »Out having a picnic.
Maybe out house hunting with resigned looks on their faces.
Never mind the smell of bread baking and coffee brewing will cheer them up.0 -
Maybe out house hunting with resigned looks on their faces.
:rotfl:Never mind the smell of bread baking and coffee brewing will cheer them up.
Impossible.
Perma-bears are destined to be forever miserable.
Always cheering on the next bad thing, hoping that the economy will crash and burn, getting excited about the prospect of people losing homes or jobs.
Sad really.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Thrugelmir wrote: »Out having a picnic.
... did you ever find that missing half a pork pie?0 -
sSAVING_IS_DEAD_MONEY wrote: »What I don't understand is why would you have a website, one specifically build and developed for the discussion of house price indices and their economic significance, not have one relevant thread on this fantastic news? It's almost as if the discussion of real-life house price inflation is being moderated and stifled.
Stolen from HPC...
Masked Tulip....Wales is still dropping..
Bruce Spanner....SE down 10% where I live and I made 5K renting this month.
Eric Prebble...Some geezer down the road did overtime then lied about his salary on mortgage application...LIAR LOAN.
The rest....2016...Locked in crash...We were expecting this rise. Manipulated figures VI...Halifax rigged....Twigs in Vase....I offered 30% under...:rotfl:We love Sarah O Grady0 -
The rest....2016...Locked in crash...We were expecting this rise. Manipulated figures VI...Halifax rigged....Twigs in Vase....I offered 30% under...:rotfl:
They don't even have a thread about it.
Talk about blinkered bears....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I wonder if all the people that hoped for a housing market crash to buy a house at knocked down prices are still waiting...HAMISH_MCTAVISH wrote: »Recovery in the housing market and wider economy continues.0 -
Most would have missed the boat, now that the easy money has dried up. No doubt the mortgage rates and deposit requirements will ease up again in the coming years allowing them to buy, but prices will likely be higher still by then.0
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I wonder if all the people that hoped for a housing market crash to buy a house at knocked down prices are still waiting...
Bad news chucky, apparently there is going to be a 50% fall by Xmas, the good news is that Brit predicted it :rotfl: Welcome back.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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