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Debate House Prices


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Nationwide Jan: +0.7% MoM +8.8% YoY

HAMISH_MCTAVISH
HAMISH_MCTAVISH Posts: 28,592 Forumite
Part of the Furniture 10,000 Posts Name Dropper Photogenic
in Debate House Prices & the Economy
Excellent news, slow and steady recovery continues.
“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”
«13456

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    Excellent news, slow and steady recovery continues.

    Slow and steady???
  • Kicker
    Kicker Posts: 24 Forumite
    The higher property prices soar and can be valued at, the easier it will be for government to impose a forced mortgage against national debt of sizable proportion. It'll be the end game of the banking and FIAT money crisis when the tax payer and home owner is going to be dispossessed. Good luck to all of us.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    Excellent news, slow and steady recovery continues.

    Seems somewhat odd to describe it as "slow and steady".

    From my thread, which I wrote at the same time as you it seems!...
    Nationwide are keen to stress that prices are still 4% below peak.

    First time buyer numbers are close to an all time high.

    The typical FTB house now costs 4.6x earnings. Natiwonide keen to stress that this is lower than the record high of 5.4%, but note that it's much higher than the 20 year average.

    They are warning people of interest rate rises down the line, keen to stress caution on the floods of buyers.

    Theres a good chart on the article examining the fall in deposit and total percentage bought, which has dropped significantly since last year (i.e. people putting less of a deposit up).

    The numbers of people using HTB 1 has "shot up rapidly" with 7,500 using the scheme in the last quater of 2013. The scheme now represents a significant chunk of all new build purchases.

    Outside of the article, on the radio, one commentator is stating help to buy must be scrapped before we surpass 10% yearly growth and we lose control at a point where prices are at the same crisis level last time around.

    http://www.telegraph.co.uk/finance/p...se-prices.html

    http://www.nationwide.co.uk/~/media/...i/Jan_2014.pdf
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Over on hpc.co.uk they are bitterly accepting of this news. Like an old man who has found an ant in his stout but is drinking it anyway.
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    What are they doing now on HPC?
    Still waiting or given up the ghost?
    We love Sarah O Grady
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Great news for everyone!

    I wonder how Brit, CarolT, WHF? etc are getting on these days?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Dan: wrote: »
    Great news for everyone!

    I wonder how Brit, CarolT, WHF? etc are getting on these days?

    I wonder how much joy it would bring you if I dsaid they were facing hardship? be the icing on the cake of these rising prices, wouldn't it!
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    Brit should be okay with his $500 silver.
    Don't blame me, I voted Remain.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Graham_Devon wrote: »
    I wonder how much joy it would bring you if I dsaid they were facing hardship? be the icing on the cake of these rising prices, wouldn't it!

    haha and these were the guys who relished at the prospect of families being repossessed and made homeless so they can sweep in and get the house on the cheap. love it!
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Good news. Bought a property a few months ago. Glad it is building up in value. It was an absolute ruin when I first got the keys. Now looking pretty good. So increases in value make it worth while.
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