Are Prices Really Decreasing?!?

beingjdc

zoezoe wrote: »

I think you will find that all recent reports indicate that the rate of INFLATION has decreased over recent months, not the house prices themeselves.

Annually, not yet. Monthly, there've been several reports of falls - Halifax, Rightmove, Hometrack...

Gorgeous_George

I'd like to see price rises because:

1. I'd be richer (on paper at least)
2. My tenants would stay longer and I could charge them more

I'd like to see price falls because:
1. My kids might be able to buy a home
2. I could justify another BTL or two
3. It would postpone property p0rn on TV

On balance, I'd prefer price falls for my kids but, other than that, I ain't bovvered. Do I look bovvered?

GG

beingjdc

itsgototstop wrote: »

Sorry I forgot the point of my post...

Until 1998 I lived in shared houses and hated it

when I bought first flat in 1998 for 120 I was warned not to as market was peaking

Now that's a puzzling thing. Here's a graph of prices from 1986 to 1998, and then in real terms;



I fail to see how that looks like a peak to anyone.

itsgototstop

Hindsight is great, but seriously in 1998 I was warned not to buy by banking colleagues

beingjdc

itsgototstop wrote: »

Hindsight is great, but seriously in 1998 I was warned not to buy by banking colleagues

Fair enough. It's probably because interest rates went up to 7.5%, it's certainly true that if you were getting a fix, you might have been better off waiting until they came down to 5% in 1999, even if you paid a higher actual price.

dolce_vita

Please see my stock answers #2 and #3

firsttimetom

I think beingjdc's post about affordability is spot on, as are dolce's fab stock answers.

I think we've uncovered Tasotti before on a thread. Isn't he/she a BTL in denial.

I cant remember and don't have the inclination to look back over previous posts.

What I will say is your argument is just plain stupid. There has been substantial Growth over the last 3 years, so your examples are poor and are fooling no one.

Give it another year and prices will be lower, these things don't happen overnight (unfortunately)

dolce_vita

firsttimetom wrote: »

I think we've uncovered Tasotti before on a thread. Isn't he/she a BTL in denial.

And he's/she's got his/her own theme tune.........

http://www.youtube.com/watch?v=-1auRCameVY

firsttimetom

Lol,

Thanks for the laugh dolce.

They'll be bringing this back in a few years time though: http://www.youtube.com/watch?v=2t8YTvdYXws (with a few minor adjustments.)

dolce_vita

firsttimetom wrote: »

Lol,

Thanks for the laugh dolce.

They'll be bringing this back in a few years time though: http://www.youtube.com/watch?v=2t8YTvdYXws (with a few minor adjustments.)

:T

Yeah that madness spoof is brilliant.
Spitting image in their prime.

I don't watch a lot of telly but I do like political satire; but all I have at the moment is Bremner, Bird and fortune.

HERE , 2 of them explain the background to the recent turmoil in the financial markets.