Halifax - February +2.4%

ukcarper

Graham_Devon wrote: »

I really cannot be bothered any longer.

It depends entirely on which angle you are coming from as to how you will see it. You are seeing it from the point only after you have spent everything you need to. I'm seeing it from the starting point.

You will save £170.

You won't have gained an extra £170. The money you had initially was always the same amount, you are just spening less of it.

The point put forward much earlier in the thread was that rising house prices puts money (as in extra money, new money) in your pocket.

That's not really true. Afterall, if it were, anyone on a 5 year loan who extended to 20 years and reduced payments (but increased the loan) could say they are now much better off. But they are not, they are actually worse off.

Withe the method you are using, should you go out with £200 to spend on a night out and came home with £40 leftover, you'd consider yourself £40 better off as you spent less than you planned for.

With the method I am using I'd go out with £200, come back and think I'm £160 worse off.

In both scenarios, neither of us have any extra money in our pockets. We started with £200 and now have £40.

I really don't see how it's that hard to understand. I just think we are looking at it from two differing perspectives. Money saved is not extra, new money.

Retails prays on this sort of stuff, suggesting if you buy this new coat you will save yourself £20 as its been reduced from £100 to £80. No, you've spent £80, you haven't saved anything.

Just so I understand if someone's rent increases by £50 a month they still have the same in their pocket.

brit1234

Anyone left thinking this isn't a giant bubble?

I would laugh if I wasn't being robbed thousands to keep this housing bubble going. We are nearing the end game now before it pops. I believe the final stimulus to keep the bubble going will be a stamp duty change in the budget in time for the election.

mayonnaise

brit1234 wrote: »

We are nearing the end game now before it pops.

50%? Christmas 2014?

brit1234

mayonnaise wrote: »

50%? Christmas 2014?

Do you really think this is sustainable and not a bubble? :rotfl:

It's like no one learned the lessons of the credit crunch.

floridaman

Are we in a bubble when will I be able to buy

ruggedtoast

floridaman wrote: »

Are we in a bubble when will I be able to buy

How much do you have to spend Flo?

mayonnaise

brit1234 wrote: »

We are nearing the end game now before it pops. I believe the final stimulus to keep the bubble going will be a stamp duty change in the budget in time for the election.

You don't actually learn anything from this, do you?

2 years ago:

brit1234 wrote: »

As a first time buyer I hope not. Looking forward to cheaper properties after the stamp duty deadline.

http://forums.moneysavingexpert.com/showpost.php?p=51569223&postcount=3

How did that work out?
Enjoying cheaper properties already?

MFW_ASAP

mystic_trev wrote: »

I thought this thread was about the Halifax Feb figures? Perhaps I've entered into another dimension :eek:

LOL, welcome to the Twilight Zone.

System

Graham_Devon wrote: »

Well that has got to go down in history as one of the most pointless semantics arguments I have yet seen on this forum...

Well maybe like, you could not start them in future.

System

ukcarper wrote: »

Just so I understand if someone's rent increases by £50 a month they still have the same in their pocket.

:laugh:

Got hit with a £10000 bill today, good job I still have the same amount of money in my pocket