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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: »Show me any of my 40k+ posts where I cheer on reposession.
Well seeing as how you asked nicely....
Graham_Devon wrote: »repo's have to rise, to get back to a more stable economy without props.
The sooner we do this, the better.
“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 -
Slow and steady???
Yes.
Still in single digits, still below previous nominal peak, and massively below the previous real terms peak.
This so called 'boom' is showing a distinct lack of ambition so far....:)“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 -
HAMISH_MCTAVISH wrote: »Well seeing as how you asked nicely....
That's it?
That's revelling? A statement of fact?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. .
But cheering on HPI is fine?. Pricing people out of being able to afford to buy a home is fine which is exactly the flip side of HPI.
Jeez you post some bulls*it ....... Hamish thanked you for it so he too rejoices in HPI which prevents people from buying a home .
What a nice group of posters. I will wait with bated breath for Dan to post some links.0 -
Why would a price crash lead to mass repos?
I went into negative equity in the early 90s for about a decade. Just kept paying the mortgage.
Sure Bantex, many did.
But as you will remember peak was '89-'90 and it bottomed out in '95. According to the Halifax values went down 13%.
13% in 5 years. It was a long drawn out affair compared to the correction we had in '08-'09.
A correction which still did not satisfy some on here, cheering for an even deeper crash, more financial misery for hardworking families with the sole aim for them to scoop up a cheap repo.
It didn't work out their way.
In the words of that Devon bloke : "Good!" :beer:Don't blame me, I voted Remain.0 -
mayonnaise wrote: »Sure Bantex, many did.
But as you will remember peak was '89-'90 and it bottomed out in '95. According to the Halifax values went down 13%.
13% in 5 years. It was a long drawn out affair compared to the correction we had in '08-'09.
A correction which still did not satisfy some on here, cheering for an even deeper crash, more financial misery for hardworking families with the sole aim for them to scoop up a cheap repo.
It didn't work out their way.
In the words of that Devon bloke : "Good!" :beer:
How would you know, having only very recently joined?
You another of those new users who decided to gen up before posting and read the entire archives?
By the way, space out your paragraphs. I'm getting confused between you and sibley as, curiously, you both appear to type paragraphs in the same, unique way....which, it goes without saying, must be complete and utter coincidence.....
It also must be pure coincidence that the long lost Mr Pricklepants had the very same writing style and was banned at around the time you joined. It's just uncanny that several people all with the same thoughts have the very same unique writing style.
I realise it will be a hard habit to break, but it's kind of key to the whole "experience" of dual, triple and multiple usernames if you are trying to hide behind several "creations". Answering personal posts laid out to other users though, is just poor form. So do try harder.0 -
leveller2911 wrote: »mayonnaise wrote: »
But cheering on HPI is fine?. Pricing people out of being able to afford to buy a home is fine which is exactly the flip side of HPI.
Jeez you post some bulls*it ....... Hamish thanked you for it so he too rejoices in HPI which prevents people from buying a home .
What a nice group of posters. I will wait with bated breath for Dan to post some links.
Nobody would rejoice if FTB's were being priced out. That would be as distasteful as someone stating repo's have to rise.
Therefore it's good to see affordability for FTB's has improved significantly in recent years.Mortgage affordability has improved significantly in recent years. The proportion of disposable earnings devoted to mortgage payments by a first-time buyer stood at 30%1 in 2013 Q4.
http://www.mortgageintroducer.com/mortgages/248412/5/Industry_in_depth/FTB_numbers_up_22pc_in_2013.htm
Good. :beer:Don't blame me, I voted Remain.0 -
mayonnaise wrote: »
Nobody would rejoice if FTB's were being priced out.
Really?
Theres whole threads on this forum written solely to revel in the fact that people who sold up and rented are now priced out.
Usually pointing out precise details of other people using a completely different forum.
You know, posts like this, written by, well, errr, you....Up up and away......Out of the reach of the STR's
And this, thanked by you, you and well, you.moneyinmypocket wrote: »He sounds a right clown, bet he regrets STR now!
People like that can't see past thier own nose.
Well done to all homeowners up and down the country. Taking care of thier families, building up nest eggs
This reckless sheeple has made a mistake, best swallow that biter pill, grin, bend over and make some house viewings, you have 6 years of payments to catch up on lol
And this, written by you (including your unique paragraph spacing to boot)....thanked by you, you and again, you.Mr._Pricklepants wrote: »It was not just 'people seeing it in a different way', Pobby.
It was a bunch of vultures hoping for financial meltdown, praying for millions of homeowners and their families to be chucked on the streets in the hope they could pick up a house on the cheap.
We had forum members on here shouting how they would move into the repossessed properties of anyone who dared to mention they owed one or more properties.
Therefore, they deserve nothing more than contempt.0 -
Graham_Devon wrote: »How would you know, having only very recently joined?
You another of those new users who decided to gen up before posting and read the entire archives?
By the way, space out your paragraphs. I'm getting confused between you and sibley as, curiously, you both appear to type paragraphs in the same, unique way....which, it goes without saying, must be complete and utter coincidence.....
It also must be pure coincidence that the long lost Mr Pricklepants had the very same writing style and was banned at around the time you joined. It's just uncanny that several people all with the same thoughts have the very same unique writing style.
I realise it will be a hard habit to break, but it's kind of key to the whole "experience" of dual, triple and multiple usernames if you are trying to hide behind several "creations". Answering personal posts laid out to other users though, is just poor form. So do try harder.
I don't need multiple user names. I can post whatever I want under this one. Now back on topic please.Don't blame me, I voted Remain.0 -
mayonnaise wrote: »I don't need multiple user names. I can post whatever I want under this one. Now back on topic please.
Aye.
So all just coincidence that you and several usernames (many banned), all with the same thoughts, write posts like this.
Without any proper spacing between the paragraphs.
Just uncanny.
I mean, what are the chances?0
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