Nationwide May: + 0.7% MoM + 11.1% YoY

Jack_Johnson_the_acorn

cells wrote: »

Your asset isn't increasing in value its value is the same
if liver prices went up to 10x as much as last year are you as a liver owner better off? What are you going to do sell your liver? Likewise what is a homeowner going to do, sell up and live on their car?

The only people who truly benefit are the some 1 million households who own more than 1

The 17 million households who own just 1 are actually net buyers going forward so higher prices isn't great for them.

BTW im not arguing that we should see a HPC there are problems with that too. I just think it would be farm more sane and healthy for the UK to be building towards 400-500k unitd a year. This extra supply will imo jist reduce HPI to French levels of around general inflation or a little higher

Can you sell a liver, move abroad and buy a cheaper liver in the sun and live off the interest from the Inflation.......

Keep quiet because you're making a bit of a tit of yourself with these poorly thought out and badly spelt analogies.

wotsthat

cells wrote: »

You don't seem to understand the system is currently going towards more landlords and less owner occupation. And it is happening very rapidly. more than 1000 homes a day are switching to landlords.

I know that. You don't understand that I don't celebrate HPI - I celebrate not being a renter.

ruggedtoast

CLAPTON wrote: »

your post was in lament of the first time buyer and not the renter

The first time buyer is a renter, usually.

CLAPTON

ruggedtoast wrote: »

The first time buyer is a renter, usually.

so every buyer is a renter and every renter is a buyer

tea and toast all round

Thrugelmir

Jack_Johnson_the_acorn wrote: »

There is just so much fail here...... oh f**k it.

1, Increased value of asset
2, lower interest payments from increased LTV
3, larger available equity withdrawal
4, Pass on greater wealth to loved ones


Now keep quiet numpty.

What on earth could possibly go wrong? :think:

Jack_Johnson_the_acorn

Thrugelmir wrote: »

What on earth could possibly go wrong? :think:

You silly sausage....

I simply state the benefits of hpi for a homeowner..... Did I say rampant hpi is good for the economy like you're insinuating??? :money:

Aberdeenangarse

Jack_Johnson_the_acorn wrote: »

Now keep quiet numpty.

You're not related to chucky are you?:mad:

Jack_Johnson_the_acorn

Aberdeenangarse wrote: »

You're not related to chucky are you?:mad:

Not that I know of, I believe you've been accused of owning a couple of other accounts though? Maybe you should of put this in a pm.... Seems a bit off topic:)

ruggedtoast

CLAPTON wrote: »

so every buyer is a renter and every renter is a buyer

tea and toast all round

People cant not rent if they dont know to not buy.

Zero_Sum

Only a 1% ANNUAL increase round my way