When did I say I called it right? I was just congratulating Chip on being ahead of the curve.

You really need to relax a bit, perhaps you should take a holiday.

 

Pffft.....

The market is the same as it has been for the last few years..

The "supposed" hike in housing prices is buttering the nation up for the imminent rise in BOE base rate...

But the masses dont need to worry because their house value has risen 10%-20% ..


More absolute b0ll0cks....

 

I get the feeling things are starting to take a turn. There's a lot more houses for sale round by us and they seem to be getting sold.

If it goes ahead then our next door neighbour has just sold her house within two weeks of it going on the market and broken the ceiling price for the road.

 

Based on what? Carney has already indicated that rates will not rise until at least 2016 if and when unemployment falls below 7%,

 

That's interesting. Are you saying the BOE is pretending that house prices are rising in advance of an interest rate rise they have already secretly planned?

 

Loads of new ftb's

Christ knows how ......????

Lots of hot air probably

 

If the amount of debt the country is in continues to rise, at some point is it not beyond the realms of possibility that interest rates will also rise when somebody finally realises that we can’t service said debt?
At that point, will the value of property implode on itself as tens of thousands of mortgage borrowers suddenly realise they can’t afford the repayments?

 

Well that's how I understand, but then ,I know nothing

 

All I want is stamp duty limit to be highered. My house is £250k but to get a buyer we are better off selling for £249999

 

Thats a big price rise in 2 years, better get moving now to a new bigger more expensive house !
Really cant see the point in stamp duty - personally I think scrapping it would help the housing market.

Richard

 

Problem solved, help to buy scheme.

 

Brilliant ain't it, UK plc use our cash (borrowed) to help first timers thus the market can get a boost to new ever more inflated figures

And suddenly were all rich enough to go out and pick up that Korean flatscreen tv, or worse still an iphone

 

You do realise people buying new houses is a good thing for the economy as its a massive industry and when they sell we get work so we spend our money so it goes back into the economy.

Wether you can afford a house or not is tough, its been years with people have been bitchin the prices are more than thier wages. They will just have to introduce 100year mortages as it is in Japan.

We have just seen the worst recession you will see in your lifetime and they hardly changed so the only way they will drastically drop is if the country goes bankrupt and even then it will be certain areas that will still be worth buying.

Everything is rising quicker than wages now and its not suddenly going to drop.

 

I don't understand, are you worried that you have to sell your house for £1 less than it is worth?

 

Agreed. Plus people who are looking to move out of choice are not going to just slash 25% off the value of their home. They will just wait until the market picks up again.

I believe a lot of the debt in the country and other countries around the world, is just written off.

 

Just like adding a brick to a massive house of cards.

Completely artificial stoking of the market based on nothing more than PR.

Why can't we realise you can't base an economy on endless prodding with a confidence stick? We need to make stuff, export stuff, train people, grow stuff.

I cannot believe people are falling for this sh17 again.

 

A major developer who I do work for is seeing a strong sales market because of this scheme. Infact the site I have been to today has been getting sales "off plan" and that has never happened on that site before.

 

Yep....You got it..

 

Ok, so you are deluded and have no idea what you are talking about then

Glad we got that cleared up

 

And your an expert on everything...

Deluded and a ********,well done..

 

No, I am not an expert on everything but I can read, interpret data and see what is going on around me. All of these things suggest that house prices are indeed rising. Whether that is good for the country or sustainable is a different matter but all the data (and my real world experience) points to house prices rising.

You have ignored all this and from the comfort of your armchair decided the BOE has actually made the figures up.

Look up the facts and stop making such a **** sack of yourself, it's embarassing.

 

Once again your supercilious smartarse attitude springs forward..

The market isnt improving at all.... Your "interpreting" data that the media is telling you,suck it all up.....Thats a good boy.

 

What you're (note it is not your) saying doesn't even make sense. Either I am interpreting the data or I am being told it, I can't be told to interpret something

In that pea sized brain of yours do you really think all these figures have been made up by the BOE??



http://www.bbc.co.uk/news/business-23668507

http://www.thisismoney.co.uk/money/m...prices-UK.html

http://www.dailymail.co.uk/news/arti...-downturn.html

http://www.ft.com/cms/s/0/05bb4760-0...#axzz2byingl6C

http://www.theguardian.com/uk-news/2...-rising-prices


As I said before I'm not saying it is a good thing for the country but you would have to be blind or stupid not to see what is happening right now.

 

I'm seeing a lot of 'new paradigm' thinking on this thread. This sort of thinking is actually a cause and result of this bubble, people see housing as a 'special' investment, not subject to normal economic principles or 'laws', "this time it's different", "it's an investment which can't go down", "the game has changed" etc. People who research bubbles see this sort of thinking at the zenith of bubbles, when ordinary opinion becomes totally detached from reality, the dumb money is fully on board.

 

Shock horror TDW actually writes a sensible post that doesn't look like a cut and paste from an O'level Sociology text book.

Are you feeling ok matey?

There is a lot of sense in what you say (for once) and we could well be somewhere near the part of the cycle you mention. Perhaps new paradigm, perhaps the 'return to normal'

As I keep saying I'm not for a minute trying to convince anybody that the rise in prices is good, sustainable or as you rightly point out isn't the lead up to an almighty crash.

All I'm saying is right here right now the prices are rising, FTB are returning to the market etc.

Anyway the trick is to ride this part of the cycle correctly, that doesn't make it 'dumb money'.

If the money comes out at the right time it will be smart money, if it doesn't then it will indeed be dumb money. That will of course depend on the skill of the investor.

 

I hope this happens so i can sell up my houses and **** off abroad with a fat wedge

 

You're completely right but we have to play the game, ride the train and if you're smart enough, you can retire at an early age to sunnier climes

 

My mate has just got a house with a 35 year mortgage,has a wife and two kids,******* good look to him i say...I couldn't have that chained around me for that many years,nah my money is going abroad for sure....

 

Good luck to him indeed, I'd be very surprised if a 35 year mortgage goes full term though. The payments will seem like peanuts in 10-15 years.

 

DYK, what do you actually mean when you say your "money is going abroad"?

Cheers