House prices 'unchanged in May'

ruggedtoast

I thank you.

oldMcDonald

I love MrB.

I reckon the board would be a sad place without him and his infatuation with Carolt

As I have said several times on here, I think MrB writes a lot of what he posts for the reaction, rather than it being his true belief.

*Edit
ruggedtoast has been thanked by Max Headroom. What a damn cool username

*Edit#2
Anyone seen LillyJ about since her 'discussion' with Dithering Dad?

mr.broderick

ruggedtoast wrote: »

Has anyone noticed a change of tone in old Brodders of late? A certain loss of self control in debate. A slight twitching around the eye. The merest hint of desperation perhaps?

Oh for those heady days when ole Brodders and his boy wonder Pickles could stride into a thread and deride everyone who was holding on to buy as ignorant, timid, dreamers, stranded on the shore of loserdom as the great ocean liner HMS House Price Inflation sailed into the pecuniary horizon, the decks crammed with gloating btl landlords and flat flippers; quaffing champagne, waving bunting and generally congratulating one another as to how jolly clever they all were to saddle themselves with such enormous mortgages that their future enormous wealth was absolutely guaranteed to inflate away to nothing in mere weeks.

And for a time it looked like they might be right, as those left on the pier shuffled awkwardly watching their dreams of having a modest little family home recede far into the distance, swept away as the engines of greed and ignorance callously calculated how much rent such and such a family would have wrung out of them for the pleasure of living in some rat-box in Thamesmead, while some idle know nothing bum with a scrap of paper from Bradford and Bingley sat on their behinds wondering when to evict them to best "realise their investment."

But all along the oblivious passengers, deafened by their own party of self congratulation, failed to notice the sounds of the pumps screaming, the deck hands casting away in life rafts, and the captain shouting on emergency frequencies, as sure enough HMS House Price Inflation, and all who sail in her, begin to sink, like a stone.

And that lot.

Are absolutely stuffed.

Very poor post in context however i do like your writing style.
You got me all wrong my boy.
Not interested in hpi, never started a thread claiming it.
Only every bought a house to live in never to make any money.
I'm sorry house prices got away from you, hopefully one day you will be able to buy one. Mr.B.

ruggedtoast

mr.broderick wrote: »

Very poor post in context however i do like your writing style.
You got me all wrong my boy.
Not interested in hpi, never started a thread claiming it.
Only every bought a house to live in never to make any money.
I'm sorry house prices got away from you, hopefully one day you will be able to buy one. Mr.B.

Oh dont worry about me, I can assure you that I am quite solvent - and quite able to spot a turkey too - which is why in the few years Ive been back in the uk Ive had nothing whatsoever to do with the housing market. Through choice.

mr.broderick

oldMcDonald wrote: »

I love MrB.

I reckon the board would be a sad place without him and his infatuation with Carolt

As I have said several times on here, I think MrB writes a lot of what he posts for the reaction, rather than it being his true belief.

*Edit
ruggedtoast has been thanked by Max Headroom. What a damn cool username

*Edit#2
Anyone seen LillyJ about since her 'discussion' with Dithering Dad?

I can see you are a man of great taste sir

IveSeenTheLight

_bankrupted wrote: »

In my opinion the South East is now the cheap part of the UK.

You may think that the South East is the cheapest, but if you look at the figures it seems differently

From
http://www.hbosplc.com/economy/includes/18_04_08affordability.xls

The House Price to Earnings ratio shows that the South east is currently the worst ratio at 7.10
The Mortgage to Earning ratios, the South East is 5th out of 12 in terms of highest ratio

_bankrupted wrote: »

The thing about Frimley Green and the surrounding area is that in general over the last 5 years house prices have increased around 5% annually. If you say that wage inflation over those years has been 4% annually you see that in real terms (relative to wages house prices have been flat). Now a great deal of the rest of the UK has seen prices almost double in that time, equating to around 15% annual increase.

According to http://www.hbosplc.com/economy/includes/19_01_08PostTownsData3.xls Guildford has increased: -
17.94% in 2002
2.96% in 2003
21.05% in 2004
2.11% in 2005
0.12% in 2006
16.93% in 2007

_bankrupted wrote: »

House prices are going to fall in the UK substantially. But not in all areas. I think Frimley green (Guildford) area will fall only marginally.

Fully agree each area will be affected differently and I can see that the UK average house is 22% above the long term trend, however with the south east having the worst house price to earnings ratio, I think the South East could be one of the worst affected areas as was seen in the last crash.

oldMcDonald

mr.broderick wrote: »

I can see you are a man of great taste sir

I'm female

mr.broderick

oldMcDonald wrote: »

I'm female

I do apologise i must be careful about fraternizing with other female members as lostinrates gets terribly jealous.;)

m00m00

mr.broderick wrote: »

I do apologise i must be careful about fraternizing with other female members as lostinrates gets terribly jealous.;)

behave

we know you only have eyes for Carolt