Debate House Prices


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http://saynotogeorge.co.uk

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Comments

  • caronoel
    caronoel Posts: 908 Forumite
    I've been Money Tipped!
    brit1234 wrote: »
    Property 118 landlords protest website

    The property 118 landlords have gone stir crazy with their latest cry baby campaign. Unhappy with the changes where they will have to pay tax and have a balanced chance with first time buyers they have set up say no to george website.

    http://saynotogeorge.co.uk

    They warn first time buyers and home owners to sign their petition for the following reasons:

    So house prices wont fall for first time buyers but will fall for home owners. Confused, well not as confused as the desperate 118 landlords spouting this contradictory rubbish.

    What's your views, Can prices fall for owner occupiers but not first time buyers?:rotfl:

    images?q=tbn:ANd9GcRtJyuV6fCRSVoD9kGc0E2Ws2NWrVylGjN3sSkwxsPiMnvDxm8m

    You've been away for a long time from this forum brit

    We have all missed your wit and intellect

    I was a bit worried that you had gone quiet because you finally had given up on the 50% house price crash prediction, grown a pair, and finally bought a place

    Now THAT would be a major sell signal!!

    :rotfl:
  • Excellent news OP. House price growth being more or less on par with real wage growth will increase the proportion of home owners in the long run.
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    How's that buyers strike working out for you Brit?
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Blacklight wrote: »
    How's that buyers strike working out for you Brit?

    Going well, house deposit gaining good interest for climate and prices falling in London for almost a year now. Looking forward to London suburbs and south east falling continuously now rather than just central London.

    Finally politicians have realised that lower house prices are a vote winner. :)
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    brit1234 wrote: »
    Going well, house deposit gaining good interest for climate and prices falling in London for almost a year now. Looking forward to London suburbs and south east falling continuously now rather than just central London.

    Finally politicians have realised that lower house prices are a vote winner. :)

    Unless you've found some way of generating 15% interest you've lost out again I fear. I guess you could sit around and wait for another seven years and see how it plays out. If you'd have bought in 2009 though you'd be laughing now.

    Not to worry, chin up.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Blacklight wrote: »
    Unless you've found some way of generating 15% interest you've lost out again I fear. I guess you could sit around and wait for another seven years and see how it plays out. If you'd have bought in 2009 though you'd be laughing now.

    Not to worry, chin up.
    Come on it's not that bad average price hounslow 2009 £253k , 2015 £379k
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    brit1234 wrote: »
    Going well, house deposit gaining good interest for climate and prices falling in London for almost a year now.

    And now back to reality, with LR's latest YoY figures per borough.

    Barking and Dagenham +12.6
    Barnet +11.4
    Bexley +13.4
    Brent +12.9
    Bromley +11
    Camden +3.2
    City of London n/a
    City of Westminster +1.3
    Croydon +14.6
    Ealing +9
    Enfield +15.1
    Greenwich +11.7
    Hackney +10.7
    Hammersmith and Fulham +3.9
    Haringey +9.6
    Harrow +12
    Havering +11.7
    Hillingdon +15.2
    Hounslow +13.9
    Islington +9.4
    Kensington and Chelsea +0.7
    Kingston upon Thames +10.3
    Lambeth +6.7
    Lewisham +13.2
    Merton +8.1
    Newham +16
    Redbridge +11.6
    Richmond upon Thames +7.7
    Southwark +10
    Sutton +11.3
    Tower Hamlets +11.7
    Waltham Forest +10.2
    Wandsworth +5.6
    Don't blame me, I voted Remain.
  • caronoel
    caronoel Posts: 908 Forumite
    I've been Money Tipped!
    mayonnaise wrote: »
    And now back to reality, with LR's latest YoY figures per borough.

    Barking and Dagenham +12.6
    Barnet +11.4
    Bexley +13.4
    Brent +12.9
    Bromley +11
    Camden +3.2
    City of London n/a
    City of Westminster +1.3
    Croydon +14.6
    Ealing +9
    Enfield +15.1
    Greenwich +11.7
    Hackney +10.7
    Hammersmith and Fulham +3.9
    Haringey +9.6
    Harrow +12
    Havering +11.7
    Hillingdon +15.2
    Hounslow +13.9
    Islington +9.4
    Kensington and Chelsea +0.7
    Kingston upon Thames +10.3
    Lambeth +6.7
    Lewisham +13.2
    Merton +8.1
    Newham +16
    Redbridge +11.6
    Richmond upon Thames +7.7
    Southwark +10
    Sutton +11.3
    Tower Hamlets +11.7
    Waltham Forest +10.2
    Wandsworth +5.6

    Poor old brit. Life never does work out for him.

    Still, at least we can always have a good giggle at his unswerving certainty.

    His rants are a bit like Graham, only with more nice pictures.

    :rotfl:

    Meanwhile, the market just keeps moving on away from him while he waits for that 50% crash by Christmas
  • brit1234
    brit1234 Posts: 5,385 Forumite
    mayonnaise wrote: »
    And now back to reality, with LR's latest YoY figures per borough.

    Barking and Dagenham +12.6
    Barnet +11.4
    Bexley +13.4
    Brent +12.9
    Bromley +11
    Camden +3.2
    City of London n/a
    City of Westminster +1.3
    Croydon +14.6
    Ealing +9
    Enfield +15.1
    Greenwich +11.7
    Hackney +10.7
    Hammersmith and Fulham +3.9
    Haringey +9.6
    Harrow +12
    Havering +11.7
    Hillingdon +15.2
    Hounslow +13.9
    Islington +9.4
    Kensington and Chelsea +0.7
    Kingston upon Thames +10.3
    Lambeth +6.7
    Lewisham +13.2
    Merton +8.1
    Newham +16
    Redbridge +11.6
    Richmond upon Thames +7.7
    Southwark +10
    Sutton +11.3
    Tower Hamlets +11.7
    Waltham Forest +10.2
    Wandsworth +5.6

    Thanks for the stats proving my point. ;) Your use of year on year figures shows the trend of falling prices from central London and these figures are 4 months delayed. I'm sure yours see the price falls in the monthly figures ripple out from the center continue.

    I don't doubt prices went up with all the props over the last few years but it wasn't sustainable. Cheap credit (0.5% interest rates, funding for lending, QE), irresponsible lending (Help to buy) and mass fraud (money laundering, gaming etc). See prices were only going up with all these props and pricing out decent hard working people. The mood has changed, politicians are becoming far more supportive to home buyers over house prices hence the article at the top with the landlords panicking.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • caronoel
    caronoel Posts: 908 Forumite
    I've been Money Tipped!
    You really are a turnip brit. Can you point to a single falling price on that list?

    If you had used a 95% or 100% mortgage to buy when you first registered here in 2006, you would very likely have paid off most of your mortgage by now and be happily living in your own Isleworth home, rather than still be living in single mens police accommodation, sharing a shower and cooking facilties.

    Still, at least your investment strategies have given us all something to laugh at over the years
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