House price heatmap: it's still winter in the regions

mayonnaise

Despite the popular myth of an overheating housing market,

Graham_Devon wrote: »

unsustainable increases in house price inflation

despite all the frothing about bubbles,

Graham_Devon wrote: »

It's not even a bubble anymore. It's a superbubble!

reality and facts paint a wholly different picture...
http://www.telegraph.co.uk/finance/personalfinance/houseprices/10812771/House-price-heatmap-its-still-winter-in-the-regions.html

chucky

mayonnaise wrote: »

Despite the popular myth of an overheating housing market,
despite all the frothing about bubbles

It looks like its another urban myth debunked.

I'm sure the resident bubble troll will say otherwise.

lukeh23

"Prices in the vast majority of the country's regions remain 10pc lower than at their peak almost seven years ago."

This fails to factor in growth and is only a snapshot of where we are now.

How will the market look 2-3 years from now considering the rate of price increases there are? The average house price in the UK is now 250,000k (an increase of 4.9 per cent year-on-year).

The fact is, wages are stagnant, cost of living is up and people are more and more stretched each month and are finding themselves priced out of the market.

Something has to give.

mayonnaise

lukeh23 wrote: »

The fact is, wages are stagnant, cost of living is up and people are more and more stretched each month and are finding themselves priced out of the market.

Something has to give.

You shouldn't take Labour Party slogans as the gospel, lukeh.
Wage rises are outstripping inflation now.

http://www.telegraph.co.uk/finance/economics/10769339/Wage-rises-outstrip-inflation-for-first-time-in-six-years.html

lukeh23

mayonnaise wrote: »

You shouldn't take Labour Party slogans as the gospel, lukeh.
Wage rises are outstripping inflation now.

http://www.telegraph.co.uk/finance/economics/10769339/Wage-rises-outstrip-inflation-for-first-time-in-six-years.html

First off, I am not into labour / tory comparisons quabbles.

"A raising at a rate of 1.8 per cent, up from 1.3 per cent."

Current inflation rate is 1.6%!

.2 percent. Woopee i'm rich!

Screw the food bank queue, off to the car salesroom!

wotsthat

lukeh23 wrote: »

The fact is, wages are stagnant, cost of living is up and people are more and more stretched each month and are finding themselves priced out of the market.

A neighbour of mine has just sold their house for 8% less than they purchased it for in 2005.

Obviously I'm not in London where the media agenda is being written.

mayonnaise

lukeh23 wrote: »

.2 percent. Woopee i'm rich!
Screw the food bank queue, off to the car salesroom!

I'm truly sorry to hear you had to rely on the food bank, lukeh, I just wanted to point out that your 'fact'...

lukeh23 wrote: »

The fact is, wages are stagnant, cost of living is up and people are more and more stretched each month

....isn't a fact at all.

Cheers.

lukeh23

wotsthat wrote: »

A neighbour of mine has just sold their house for 8% less than they purchased it for in 2005.

Obviously I'm not in London where the media agenda is being written.

I won't deny a north / south divide and never claimed over wise.

lukeh23

mayonnaise wrote: »

I'm truly sorry to hear you had to rely on the food bank, lukeh, I just wanted to point out that your 'fact'...



....isn't a fact at all.

Cheers.

albeit a rather minor pathetic one at that.

<cough> http://www.ibtimes.co.uk/cost-living-uk-average-salaries-slip-1800-past-year-1446441 <cough>

mayonnaise

lukeh23 wrote: »

<cough> http://www.ibtimes.co.uk/cost-living-uk-average-salaries-slip-1800-past-year-1446441 <cough>

Advertised average salaries, lukeh.

Bantex_2

wotsthat wrote: »

A neighbour of mine has just sold their house for 8% less than they purchased it for in 2005.

Obviously I'm not in London where the media agenda is being written.

Does anybody care what happens outside London though?