House prices

lisyloo

http://www.bbc.co.uk/news/business-41917884

The reports seem to be at odd (halifax/rics).

Crashy_Time

lisyloo wrote: »

http://www.bbc.co.uk/news/business-41917884

The reports seem to be at odd (halifax/rics).

And the headline just feeds into people`s "fears" about rising rates, Brexit etc. Excellent.....:rotfl:

economic

Crashy_Time wrote: »

And the headline just feeds into people`s "fears" about rising rates, Brexit etc. Excellent.....:rotfl:

no Crashy, thats what we have you for to do.

Crashy_Time

economic wrote: »

no Crashy, thats what we have you for to do.

Pardon....?

Crashy_Time

More "fear"....


https://www.bloomberg.com/gadfly/articles/2017-11-09/britain-s-vanishing-housing-market-in-charts

lisyloo

And the headline just feeds into people`s "fears" about rising rates, Brexit etc.

I think the headline will and as usual it doesn't accurately reflect the contents.
What you are not factoring in though is that the treasury will react.
So for example imminent changes to stamp duty.

chucknorris

Crashy_Time wrote: »

And the headline just feeds into people`s "fears" about rising rates, Brexit etc. Excellent.....:rotfl:

Why would you think it is 'excellent' to feed people's fears Crashy? It isn't as if you ever intend to buy a property, is it, so how does it help your situation?

Although I must also add that not everyone is as fearful as you are Crashy, when property crashed in 2008, we bought another house because they were so cheap. I wouldn't buy any more now though, property is a long term investment, and I have only got about 28 years left.

economic

chucknorris wrote: »

Why would you think it is 'excellent' to feed people's fears Crashy? It isn't as if you ever intend to buy a property, is it, so how does it help your situation?

Although I must also add that not everyone is as fearful as you are Crashy, when property crashed in 2008, we bought another house because they were so cheap. I wouldn't buy any more now though, property is a long term investment, and I have only got about 28 years left.

28 years is a very long time. its makes you think right. when you hit 60 you still need to have a pretty decent financial cushion to live a comfortable remainder of your life.

Crashy_Time

lisyloo wrote: »

I think the headline will and as usual it doesn't accurately reflect the contents.
What you are not factoring in though is that the treasury will react.
So for example imminent changes to stamp duty.

Just tinkering round the edges as the building burns IMO. After they use the SD spanner, what next, drop rates again and see what that does?

lisyloo

Just tinkering round the edges as the building burns IMO. After they use the SD spanner, what next, drop rates again and see what that does?

I think we are perhaps talking at cross purposes.
I'm talking about getting transaction levels going again, not proping up a bubble.
I think a moderation in prices would be a good thing for young people in particular.
I don't forsee a crash which requires lots of people to be out of work (a 0.25% rate rise will only compromise a few people who are highly indebted anyway).

Stamp duty appears to be a barrier to people moving.

BTW - the building isn't burning for most people.