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Debate House Prices


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Halifax July +0.9% MoM +4.6% YoY

13

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    "It is still too early to describe the housing market as being in rude health, however, as there is a worrying lack of stock, which is the main driver behind the latest rise in house prices," said Mark Harris, chief executive of mortgage broker SPF Private Clients.

    So increase in prices is not all it seems either.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thrugelmir wrote: »
    So increase in prices is not all it seems either.

    It's exactly what it seems.

    A "worrying lack of stock" is primarily created by the housing shortage, which has been worsened by 5 years of mortgage rationing causing building to fall to 100 year lows.
    “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”
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    It's exactly what it seems.

    A "worrying lack of stock" is primarily created by the housing shortage, which has been worsened by 5 years of mortgage rationing causing building to fall to 100 year lows.
    You probably need to explain to old Thrug how modern day markets work. It seems all of his 'expert' predictions have not just never materialised but he's been very wide of the mark...
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 8 August 2013 at 8:44AM
    HAMISH_MCTAVISH wrote: »
    It's exactly what it seems.

    A "worrying lack of stock" is primarily created by the housing shortage, which has been worsened by 5 years of mortgage rationing causing building to fall to 100 year lows.

    Despite being labelled a bull I was (certainly compared to you) reasonably bearish about the market, I had been expecting the market to increase only nominally but not in real terms for the next few years. But there has been so much positive news recently, I am beginning to think that I have been wrong to think that and that the market may be at a pivotal point and is already starting to recover in real terms.
    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 stop
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 8 August 2013 at 8:47AM
    chucknorris wrote: »
    Despite being labelled a bull I was (certainly compared to you) reasonably bearish about the market, I had been expecting the market to increase only nominally but not in real terms for the next few years. But there has been so much positive news recently, I am beginning to think that I have wrong to think that and that the market may be at a pivotal point and is already starting to recover in real terms.
    That's because you and I were reasonable and understood the dynamics of the markets and economy. For that reason you/we were/are labelled bulls. It's not our fault we have more experienced and are more intelligent than most on here.
  • vacheron
    vacheron Posts: 2,687 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    chucky wrote: »
    It's not our fault we're have more experienced and are intelligent than most on here.

    Are I intelligent and have more experienced too?

    I normally hate the grammar police, but I can't resist the irony considering you are claiming intellectual superiority over the vast majority of MSE forum users.
    • The rich buy assets.
    • The poor only have expenses.
    • The middle class buy liabilities they think are assets.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    vacheron wrote: »
    Are I intelligent and have more experienced too?
    No idea, hope that you get your well deserved promotion in the Grammer Police ranks. You have a bright future ahead of you.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
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    Got another new writing style chucks?
  • Batchy
    Batchy Posts: 1,632 Forumite
    Its been a rocky few years but nice to still see the same names posting on here...
    Plan
    1) Get most competitive Lifetime Mortgage (Done)
    2) Make healthy savings, spend wisely (Doing)
    3) Ensure healthy pension fund - (Doing)
    4) Ensure house is nice, suitable, safe, and located - (Done)
    5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    Got another new writing style chucks?
    zzzzzzzzzzzzzzzzzzz
This discussion has been closed.
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