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    • Former MSE Helen
    • By Former MSE Helen 29th Sep 11, 9:37 AM
    • 2,324Posts
    • 971Thanks
    Former MSE Helen
    MSE News: House prices 'treading water'
    • #1
    • 29th Sep 11, 9:37 AM
    MSE News: House prices 'treading water' 29th Sep 11 at 9:37 AM
    This is the discussion thread for the following MSE News Story:

    " House prices were broadly flat last month with a 0.1% rise, mortgage lender Nationwide said today ..."

    Read the full story:

    House prices 'treading water'

Page 1
    • Aberdeenangarse
    • By Aberdeenangarse 29th Sep 11, 1:54 PM
    • 953 Posts
    • 2,457 Thanks
    • #2
    • 29th Sep 11, 1:54 PM
    • #2
    • 29th Sep 11, 1:54 PM
    Well I suppose it's better to be 'treading water' than under water!
    • angrypirate
    • By angrypirate 29th Sep 11, 3:48 PM
    • 1,126 Posts
    • 2,516 Thanks
    • #3
    • 29th Sep 11, 3:48 PM
    • #3
    • 29th Sep 11, 3:48 PM
    Is that treading water like Micheal Phelps treads water or is it more like someone who is chained to a 10 tonne lead weight?
  • tagq2
    • #4
    • 30th Sep 11, 7:29 AM
    • #4
    • 30th Sep 11, 7:29 AM
    In almost every market, commentators are able to discuss the benefits of price reduction or stability. In the housing market, it's become an irrational taboo.

    To be clear: cheap housing is trivially a good thing for many categories of people. A house is an interesting investment for some but a place to live for most. Even for those already with a mortgage for the place they live, "negative equity" is no death sentence: you already knew what you were going to pay and what matters is whether you can pay, not whether you can make money re-selling.

    Let prices plateau. Don't panic if they reduce in certain areas. Allow property speculation to become less attractive and leave the remaining level of property investment to cautious, long-term thinkers.
  • pararct
    • #5
    • 30th Sep 11, 8:10 AM
    • #5
    • 30th Sep 11, 8:10 AM
    Property is becoming less attractive as a speculative investment as time goes on......

    This can only be a good thing...
    • brit1234
    • By brit1234 30th Sep 11, 11:24 AM
    • 5,191 Posts
    • 11,968 Thanks
    • #6
    • 30th Sep 11, 11:24 AM
    • #6
    • 30th Sep 11, 11:24 AM
    I think you will find there will be a bigger drop next month. The low transaction rates are distorting the figures.

    More falls are good news, we still have overvalued property which wages can't support.
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