Thursday - HPI warnings from three* high-profile figures!* - ok, one's prince charles

the_flying_pig

More warnings.

http://www.dailymail.co.uk/money/mortgageshome/article-2590607/Banks-face-house-price-crash-rates-test-OBR-official-warns-bubble.html

http://www.standard.co.uk/news/politics/london-housing-market-escalating-towards-instability-9219152.html

I deliberately didn't post the prince Charles nonsense.

wotsthat

The Daily Mail say prices in London are expected to rise by 6% each year for the next 6 years.

They also mention a bubble half a dozen times.

A strange blend of the Express and Moneyweek.

fordcapri2000

wotsthat wrote: »

The Daily Mail say prices in London are expected to rise by 6% each year for the next 6 years.

They also mention a bubble half a dozen times.

A strange blend of the Express and Moneyweek.

Do you not get bored of waking up every morning and fretting about your precious little 2 bedroomed houses value while posting the same message on this board every single day for it seems like years and throwing paddies with anyone who will not go along with your property HPI is a one way bet mantra.

You ******g sad muppet

AndyGuil

Considering prices have been rising since the 50s it is pretty one way TBH.

wotsthat

fordcapri2000 wrote: »

Do you not get bored of waking up every morning and fretting about your precious little 2 bedroomed houses value while posting the same message on this board every single day for it seems like years and throwing paddies with anyone who will not go along with your property HPI is a one way bet mantra.

You ******g sad muppet

Hiya Foxy.

Sorry things aren't working out for you - still.

System

fordcapri2000 wrote: »

Do you not get bored of waking up every morning and fretting about your precious little 2 bedroomed houses value while posting the same message on this board every single day for it seems like years and throwing paddies with anyone who will not go along with your property HPI is a one way bet mantra.

You ******g sad muppet

:laugh: Amazing.

the_flying_pig

ps apologies for the rubbish thread title - i accidentally pressed 'post' or whatever & i think that unlike posts, once you've chosen a thread title you're stuck with it.

Thrugelmir

AndyGuil wrote: »

Considering prices have been rising since the 50s it is pretty one way TBH.

Fits in with UK economic policy over the same time frame, i.e. monetary expansion.

Trouble is the level of debt was allowed to get out of control under the previous Government. So there has to be an adjustment. The choosen route by all the politicians is the slow boat. Just hope there's not another world crisis in the next decade. As there's little in reserve at the moment to counteract such an event.

AndyGuil

Thrugelmir wrote: »

Fits in with UK economic policy over the same time frame, i.e. monetary expansion.

Trouble is the level of debt was allowed to get out of control under the previous Government. So there has to be an adjustment. The choosen route by all the politicians is the slow boat. Just hope there's not another world crisis in the next decade. As there's little in reserve at the moment to counteract such an event.

There is very little lending compared to then and the prices are still rising. However debt per gdp is lower now than it was before the mid-60s. It was still falling until the mid-80s when it started rising again. It is way off the peaks it has been not just in world war but before then too.

MFW_ASAP

fordcapri2000 wrote: »

Do you not get bored of waking up every morning and fretting about your precious little 2 bedroomed houses value while posting the same message on this board every single day for it seems like years and throwing paddies with anyone who will not go along with your property HPI is a one way bet mantra.

You ******g sad muppet

Jeeze, you can almost see the bitterness flowing from this post. Reminds me of problems I had with DervProf who had similar jealousy issues. :rotfl::rotfl:

the_flying_pig

the fascinating stat is that the BoE says, "mortgages larger than four times salary at highest level since 2005".

so although lending is to fewer people than it was precrash, & average deposits are somewhat higher, the amount of money that individual borrowers are each borrowing is skyscraper high.

i've seen for myself that the London market is now absurd. no-one wants to sell, everyone wanting to buy, almost purely because expectations of future double digit annual HPI are built into people's decision making.

this won't end well. either some hefty falls or a dose of very deliberately inflationary monetary policy. i don't really see any alternative.