Nationwide, Biggest jump in prices in 14 months

NoelC

Just had a quick look over on HPC to see what those cheerful chaps (and it is mainly chaps) had to make of the Nationwide figures.


They seem to be blaming the methodology and also, bizarrely, blaming the BBC.


A very strange lot...

triathlon

stehouk wrote: »

Short term max 5 -6 years then retire to Spain (hopefully) i'm in rented at the moment (which i am happy with) but the landlord selling this year so it's left me with a dilemma, rent again (no rentals available in the area) or buy 10 miles away from where i live now, i'm 58 so a long mortgage is out of the question otherwise i would buy and ride out a crash if i was younger.

There is a 90% plus chance it is too late for you Buddy, sorry. Life is not finished for you though, accept rental as a life and enjoy the freedom, if you cannot do that be creative, live on a boat, live somewhere cheaper, life is not over for you, you just are near certain to never own a house now that's all

triathlon

phillw wrote: »

You THINK you are, but the majority believing something and it being true are completely separate.

self fulfilling prophecy.

That's all I am saying. All my life I have tried my best to be positive and been rewarded for it, most are. Those that think like you, well you know the rest........
Your living it probably

lisyloo

triathlon wrote: »

self fulfilling prophecy.

That's all I am saying. All my life I have tried my best to be positive and been rewarded for it, most are. Those that think like you, well you know the rest........
Your living it probably

100% agree with this and I been deliberately studying both “types” of people.
There can be problems with home ownership and being a landlord and more generally anything you do in life. we are hard wired to protect ourselves from negative consequences, but some of us are hyper vigilant and on the whole the bad things don’t happen and things work out where people are minded to make them successful. The other type self-sabotage.

People need to get on and earn what they want, not rely on viruses or election promises in the Vain hope of getting a handout.

RelievedSheff

lisyloo wrote: »

100% agree with this and I been deliberately studying both “types” of people.
There can be problems with home ownership and being a landlord and more generally anything you do in life. we are hard wired to protect ourselves from negative consequences, but some of us are hyper vigilant and on the whole the bad things don’t happen and things work out where people are minded to make them successful. The other type self-sabotage.

People need to get on and earn what they want, not rely on viruses or election promises in the Vain hope of getting a handout.

Couldn't agree more. If you want something go out and earn it.

stehouk

triathlon wrote: »

There is a 90% plus chance it is too late for you Buddy, sorry. Life is not finished for you though, accept rental as a life and enjoy the freedom, if you cannot do that be creative, live on a boat, live somewhere cheaper, life is not over for you, you just are near certain to never own a house now that's all

Timing is the problem not finance.

triathlon

stehouk wrote: »

Timing is the problem not finance.

Sorry, not sure what that means?
Are you saying your finance are OK and that you just left it too late to buy property or your finances will buy you something if housing circumstances become worse?

Marvel1

stehouk wrote: »

I can guarantee as soon as i buy there will be a humdinger of a housing market crash.

Happened to me in late 2007 still not recovered in my area.

I rushed into it instead of waiting, just wanted to me move out and be independent, but can't predict as all I saw was prices too high for me alone.

However on the plus side, my mortgage has and is cheaper than rent by more than 50% each month.

lisyloo

NoelC wrote: »

Just had a quick look over on HPC to see what those cheerful chaps (and it is mainly chaps) had to make of the Nationwide figures.

That’s because the majority of young females want to nest and that also means most chaps with young females want to nest (and also these days 2x chaps and 2x females). They seem to be mainly single chaps on HPC.

I’m told I go on about it too much but the biological imperative is still driving a lot of decisions for FTBs. Personally I don’t believe it’s a lifestyle choice (to have kids).

Crashy_Time

triathlon wrote: »

Just over 20 years I have been hearing that, while I might add I paid off a few mortgages

So why the addiction to telling people on the internet that their views are wrong about the property bubble?