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'We've reached a tipping point' Signs of house price weakness
Comments
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Crashy_Time wrote: »Because you are scraping the barrel to find some HPI in a link, on the internet, posted by a stranger, about a city you don`t live in.
I'm just passing some time been doing it for some time.0 -
I'm just passing some time been doing it for some time.
Your arguments would stack up better if there was some HPI though? I bet if you had told the Edinburgh property bulls in 2004 that their flat would be worth roughly the same, minus solicitors fees, in 2014 they would have laughed in your face. Many won`t be laughing now though.0 -
Crashy_Time wrote: »Your arguments would stack up better if there was some HPI though? I bet if you had told the Edinburgh property bulls in 2004 that their flat would be worth roughly the same, minus solicitors fees, in 2014 they would have laughed in your face. Many won`t be laughing now though.
It would but it stacks up ok without although I would say there has been some hpi in Edinburgh since 2004 but it's difficult to tell on that street.
Your to obsessed with bulls when I bought my first house HPI was the last thing on my mind I just wanted a home like most people.0 -
Crashy_Time wrote: »Your arguments would stack up better if there was some HPI though? I bet if you had told the Edinburgh property bulls in 2004 that their flat would be worth roughly the same, minus solicitors fees, in 2014 they would have laughed in your face. Many won`t be laughing now though.
Make a valid point or disappear? This forum was actually full of decent debate, previously opinions where backed up with figures, evidence .... That sort of thing... Not just sound bites like liar loans, hpi etc.0 -
Crashy_Time wrote: »I bet if you had told the Edinburgh property bulls in 2004 that their flat would be worth roughly the same, minus solicitors fees, in 2014 they would have laughed in your face. .
They'd laugh today as well.
http://www.edinburghnews.scotsman.com/life-style/property/house-prices-in-city-increase-by-30-over-last-ten-years-1-3434008HOUSE prices in Edinburgh have risen by almost 30 per cent over the past decade, despite the recession.
In Edinburgh, they increased by 28.8 per cent over the period, compared with a massive 98.6 per cent in Aberdeen and the smallest increase, 9.6 per cent, in Glasgow.
And in the meantime, mortgage payments lower than rent, and record low interest rates letting people overpay and save a fortune.“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 -
Crashy_Time wrote: »What will it sell for in 2014, that is the burning question (not least for the poor punter trying to sell it) 50k maybe, or is that too harsh? Too many people said to the banker - "Can I have my HPI please Sir, Three bags full" Unfortunately many got None, but the banker got all his before he ran away. Sad really.
It's not that much of a burning question. Whatever, it's been cheaper to buy and sell it for a 'loss' than rent it for 10 years. You can fantasise all you like that won't be the case but it will.
We could revisit when it comes up on land reg for a laugh but you'll be long gone by then. Back to Planet Crash where the second part of your post might make some sense.0 -
Jack_Johnson_the_acorn wrote: »Make a valid point or disappear? This forum was actually full of decent debate, previously opinions where backed up with figures, evidence .... That sort of thing... Not just sound bites like liar loans, hpi etc.
A flat in Edinburgh is up for sale at roughly the same price it last sold for ten years ago. Is that valid enough for you?0 -
Crashy_Time wrote: »A flat in Edinburgh is up for sale at roughly the same price it last sold for ten years ago. Is that valid enough for you?
It's not the same flat don't you take in anything that is posted.0 -
It's not the same flat don't you take in anything that is posted.
Try this one then. Show me the numbers.http://www.rightmove.co.uk/property-for-sale/property-46821836.html0 -
"To the front of the block lies an easily kept small pebble garden "
Wow. Just Wow.0
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