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Debate House Prices
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Nationwide Jan: +0.7% MoM +8.8% YoY
Comments
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Graham_Devon wrote: »I wonder how much joy it would bring you if I said they were facing hardship? be the icing on the cake of these rising prices, wouldn't it!
Say prices fell to your approved level and you finally got off the pot and bought a whole house. How much would your joy be tempered by the thought of all those recent entrants that found themselves in negative equity?
Now I'm obviously making this up but I reckon you'd be like a dog with two tails, moonwalking across the forum whilst explaining that you're not responsible for decisions those other adults made.0 -
Say prices fell to your approved level and you finally got off the pot and bought a whole house. How much would your joy be tempered by the thought of all those recent entrants that found themselves in negative equity?
Now I'm obviously making this up but I reckon you'd be like a dog with two tails, moonwalking across the forum whilst explaining that you're not responsible for decisions those other adults made.
Either that or typing "Good" everywhere.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Well, according to Nationwides figures, Q3 2013 showed the first annual rise since 2007 in Northern Ireland, albeit a measly 0.88% rise over the year.
The bears would argue that this is a sub inflation increase - although it's cheaper to rent than buy in most cases here.
The Q4 2013 numbers result in a 7.03% rise year-on-year here. It looks like the trough has well and truly passed.
Until 2013, Northern Ireland was a drag on the overall figures. That shouldn't be the case going forward.
I purchased in Q4 2012 so, through sheer luck, it would appear that I timed the NI bottom perfectly.
The report for Northern Ireland that's based on Stamp Duty receipts, the most accurate report there is, is due out on 19th February and should confirm the rise reported by Nationwide.0 -
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leveller2911 wrote: »Really?, can you post some links Dan?.......
No links, as I'm new here, and shortchanged doesn't allow me in the archives, but cheering on a house price crash is equivalent to cheering on mass repossessions. You can't have one without the other.
Each time that Devon bloke posted 'good' in a thread announcing house price decline, many hard working families all over the country were pushed deeper into negative equity. To look at that as something positive is appallingly shameful.
Don't blame me, I voted Remain.0 -
mayonnaise wrote: »No links, as I'm new here, and shortchanged doesn't allow me in the archives, but cheering on a house price crash is equivalent to cheering on mass repossessions. You can't have one without the other.
Each time that Devon bloke posted 'good' in a thread announcing house price decline, many hard working families all over the country were pushed deeper into negative equity. To look at that as something positive is appallingly shameful.
Is your name Dan: all of a sudden? :think:0 -
Why would a price crash lead to mass repos?mayonnaise wrote: »No links, as I'm new here, and shortchanged doesn't allow me in the archives, but cheering on a house price crash is equivalent to cheering on mass repossessions. You can't have one without the other.
Each time that Devon bloke posted 'good' in a thread announcing house price decline, many hard working families all over the country were pushed deeper into negative equity. To look at that as something positive is appallingly shameful.
I went into negative equity in the early 90s for about a decade. Just kept paying the mortgage.0 -
Say prices fell to your approved level and you finally got off the pot and bought a whole house. How much would your joy be tempered by the thought of all those recent entrants that found themselves in negative equity?
Now I'm obviously making this up but I reckon you'd be like a dog with two tails, moonwalking across the forum whilst explaining that you're not responsible for decisions those other adults made.
Aye. You are.
Show me any of my 40k+ posts where I cheer on reposession or do any of that you are talking about.
Y'see the difference is you are having to assume and make out what I would do, and then attack based on your made up assumption. Whereas in reality, we've had price falls, so surely if that's what I would do, I would have done it? Right?0 -
shortchanged wrote: »Is your name Dan: all of a sudden? :think:
Oh sorry, I thought this was an open forum.Don't blame me, I voted Remain.0 -
mayonnaise wrote: »Brit should be okay with his $500 silver.
:rotfl::rotfl::rotfl:“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
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