Good news from Nationwide: Annual house price growth gathers momentum

grumiofoundation

oldbikebloke said:

my goodness a whole day has passed on a house price thread without a comment from crashytime, I wonder if (s)he is unwell?

Maybe they’ve been out viewing a property? 

Newnoel

oldbikebloke said:

my goodness a whole day has passed on a house price thread without a comment from crashytime, I wonder if (s)he is unwell?

Poor old Crashy. He is now a middle-aged bachelor living in a rented bedsit in Scotland who was scalded in the property crash of the early 90s, and still hasnt bought 25 years later. This is why he comes on here screaming at anyone who doesnt share his views.

NaughtiusMaximus

Good news for investors.
Good news for anyone looking to sell up and emigrate.
Bad news for anyone who would either like to get on the first rung of the housing ladder or who is looking to move up.
Largely irrelevant for anyone who's living in their 'forever' home.

In other words only really good news for a tiny proportion of the population.

moneysavinghero

These figures are based on mortgage approvals not completions, so have to be taken with a pinch of salt given the high rate at which chains are collapsing at the moment.

Figures are also seasonally adjusted so September figures have likely been revised upwards.

newsgroupmonkey_

Newnoel said:

Poor old Crashy. He is now a middle-aged bachelor living in a rented bedsit in Scotland who was scalded in the property crash of the early 90s, and still hasnt bought 25 years later. This is why he comes on here screaming at anyone who doesnt share his views.

What gets me is that G_M was temporarily kicked out for having a valid opinion, yet Crashy_Time is allowed to troll any new users posts about how they shouldn't buy or pay this or that because the housing market is about to bail.

Flix21

Worked out well for me.
Sold my property 15% over HR value. Sold for 120k more than what it was bought for 6 years ago. 

Have reserved a new build which is due for completion in spring next year, and will rent prior to that. If it doesn’t work out, will bail and look for something else once renting. 

Wherever we buy next, we plan on staying there for a very long time. 

jimbog

Yahoo_Mail said:

jimbog said:

Better suited to this board:
https://forums.moneysavingexpert.com/categories/debate-house-prices-the-economy

The one that has been closed since March?

Oh, so it has. Yes, that's the one, the one that says 'Please do not post content intended for this board elsewhere in the forum'

Thrugelmir

NameUnavailable said:

It's odd that there are so many threads on here from people who can't sell, aren't getting offers or those trying to buy but with mortgage valuations coming way under their agreed prices.

Something doesn't add up to me........

Property is a generic term. Differs widely.  There was a few months of pent up demand to fulfill.  Some areas are going to be hit hard by predictable job losses as time passes. Lenders and surveyors will be tracking localities closely. 

leftism

This is not good news for most people. 
Part of the problem with the market is that people feel good when the thing they own becomes worth more, ignoring the fact that when they want to move, the place they are buying will have gone up and the difference will be bigger (presuming they are moving up the ladder). 
Unless you are one of the lucky few people who owns loads of properties, but what's good news for you is bad news for most people so maybe don't celebrate too much in front of everyone eh. 

NameUnavailable

It's good news for............Nationwide!

Might be interesting for them to comment on why many mortgage valuations are now coming in under agreed sale prices though.