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Debate House Prices
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Mortgage Lending Rising Again
Comments
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Bubble_and_Squeak wrote: »hahaha you think mortgage lending is enough to prop up the house of cards?
where is the hot money?
and the cash buyer?
Increasing mortgage lending (in fact reaching a six year high) seems at odds with claims of panic in the housing market. I don't know Walthamstow but from the links you've provided I think the buyers will more likely be mortgage buyers rather than Russian oligarchs.
Worth pointing out that HPC were playing the 'look at these reductions on Rightmove' game in July as well as June. In June selling prices increased and mortgage lending has increased in July - it must be causing some befuddlement.
Not for you of course because you know the crash started on 2nd August at 2pm. Everyone's panicking in London and the lack of reporting by the VI's, whilst a disgrace, is to be expected.0 -
Increasing mortgage lending (in fact reaching a six year high) seems at odds with claims of panic in the housing market. I don't know Walthamstow but from the links you've provided I think the buyers will more likely be mortgage buyers rather than Russian oligarchs.
Worth pointing out that HPC were playing the 'look at these reductions on Rightmove' game in July as well as June. In June selling prices increased and mortgage lending has increased in July - it must be causing some befuddlement.
Not for you of course because you know the crash started on 2nd August at 2pm. Everyone's panicking in London and the lack of reporting by the VI's, whilst a disgrace, is to be expected.
according to the hallowed land registry data house prices in london increased by a grand total of (drum roll) 0.10%!
but mortgage lending rose, how can this be?
btw, i called april as the top0 -
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Bubble_and_Squeak wrote: »according to the hallowed land registry data house prices in london increased by a grand total of (drum roll) 0.10%!
but mortgage lending rose, how can this be?
btw, i called april as the top
You're drawing overly specific conclusions from noisy MoM data.
Selling prices rose in April, May & June - in each of those months you were wetting yourself about people reducing prices from speculative initial asking prices. Maybe some moderation but a downwards spiral is unlikely.
If there's a real sign of prices falling substantially you'll find supply and choice drop like a stone too.0 -
You're drawing overly specific conclusions from noisy MoM data.
Selling prices rose in April, May & June - in each of those months you were wetting yourself about people reducing prices from speculative initial asking prices. Maybe some moderation but a downwards spiral is unlikely.
If there's a real sign of prices falling substantially you'll find supply and choice drop like a stone too.
if you draw a graph with april, may, june figures a very clear pictures emerges
i don't get too excited about land registry stuff because its many months behind the curve0 -
Thrugelmir wrote: »Is mortgage lending actually increasing? Gross is what it says on the tin.
Nationwide's net lending is falling and they provide around 1:6 of new mortgages.
Highest gross lending since 2008. Don't know about net for month or what Nationwide but...Net mortgage lending for the first six months of the year reached £10.5bn, which Ms Offord described as a "strong figure" compared to the past five years when the total barely exceeded £10bn for the whole 12 months.
"This is a sign of growth in the market and not just churn," she said.
http://www.bbc.co.uk/news/business-288640000 -
Bubble_and_Squeak wrote: »if you draw a graph with april, may, june figures a very clear pictures emerges
i don't get too excited about land registry stuff because its many months behind the curve
You're hilarious squeaky0 -
Bubble_and_Squeak wrote: »if you draw a graph with april, may, june figures a very clear pictures emerges
i don't get too excited about land registry stuff because its many months behind the curve
Let's say you're correct about prices crashing in August when will this be confirmed in land reg?0 -
Let's say you're correct about prices crashing in August when will this be confirmed in land reg?
He said April.... It's well overdue in Land Reg.Bubble_and_Squeak wrote: »btw, i called april as the top“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 -
HAMISH_MCTAVISH wrote: »He said April.... It's well overdue in Land Reg.
That's what I thought. HPC has been going for 10 years - have they never considered plotting their monthly predictions against land reg 3 or 4 months later?0
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