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Debate House Prices


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Houses prices up 200 quid a day....

24

Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    grizzly1911 wrote: »
    A typical house is priced at £252 418. It isn't worth £252 418.

    Indeed.

    Some would argue it's worth far more....
    “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”
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Britain's house prices are booming. A booming disgrace.
  • theEnd
    theEnd Posts: 851 Forumite
    Sibley wrote: »
    HOUSE prices have gone up by an average 0.5 per cent this month – the ninth rise in a row – as figures today suggest confidence in the market is at its highest for years.

    Homes across England and Wales are worth 3.1 per cent more than a year ago, says property analyst Hometrack.
    In the past four weeks alone, the value of the average property has soared by £6,923, more than £200 a day.
    A typical three-bedroom semi is now worth £252,418.

    How does that work?
    0.5% of 252k is £1,260 or £42 ish a day.

    Have they taken the yearly movement of 3.1% and divided it by 30 rather than 365?

    Or am I missing something?
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    theEnd wrote: »
    Or am I missing something?

    Yes. The Express isn't to be taken seriously.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    One person's win is another person's loss. With house price rises many more people lose than win.

    It is a shame to see so many revelling in the misfortune of and discomfort of their fellow man.
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ruggedtoast wrote: »
    One person's win is another person's loss. With house price rises many more people lose than win.

    It is a shame to see so many revelling in the misfortune of and discomfort of their fellow man.

    If prices didn't move at all for a while nobody loses and the young win, best solution overall.

    You know the posts of I can now buy x y z, well my house has reduced by approx 2.4%, but my overdraft and credit card don't seem to have been adjusted and my income is the same so I could still buy the same items.

    With that I am not foolish enough to waste money on apple products so all is good here. ;)
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • macaque_2
    macaque_2 Posts: 2,439 Forumite
    Sibley
    It is nice to see that the nurse has let you back on the computer.
    images?q=tbn:ANd9GcRUIEuxJREq4YYN37Lwoe3smG75TR8tIUmsNp12AiX1OPUVV6-l
  • marjrie_2
    marjrie_2 Posts: 156 Forumite
    Part of the Furniture Combo Breaker
    Sibley wrote: »
    I've really destroyed HPC gang in the comments section today.
    I bet they will be ringing the Samaritans from Beachy Head...

    What is HPC ?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    marjrie wrote: »
    What is HPC ?

    A site that at least 8 of the posters on this thread so far have been banned from. :)

    (They don't like dissenting views)
    “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”
  • theEnd
    theEnd Posts: 851 Forumite
    HAMISH_MCTAVISH wrote: »
    A site that at least 8 of the posters on this thread so far have been banned from. :)

    (They don't like dissenting views)

    Make it 9, but no idea why I was kicked off.

    Very oddly run, but some really good posters buried beneath the the usual nutters you get on forums.
This discussion has been closed.
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