House Prices Fall
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From: Passing ...............
House Prices Fall
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From: Berkshire
story out of nothing (not knocking you sti-04 btw)
should read
'wow big suprise, no one buys a house in december so the folks that are in a real rush to move have to lower the prices a little to speed up the process and secure a sale'.
this country's media is the real problem.
should read
'wow big suprise, no one buys a house in december so the folks that are in a real rush to move have to lower the prices a little to speed up the process and secure a sale'.
this country's media is the real problem.
Originally Posted by MY00PPP
and secure a sale'.
this country's media is the real problem.
this country's media is the real problem.
Alcazar
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From: Class record holder at Pembrey Llandow Goodwood MIRA Hethel Blyton Curborough Lydden and Snetterton
From the article:
No evidence of the fabled "house price correction" here, move along 
However the three-month annual rate still picked up to 9.9 percent, its highest since February 2005, from 9.6 percent.
The recent strength of the property market has surprised policymakers and forecasters alike. At the start of 2006, Halifax was forecasting annual house price inflation of just 3 percent although it later revised this to 5 percent. It expects house price inflation to slow to 4 percent in 2007.
Last edited by Jay m A; Jan 5, 2007 at 01:17 PM.
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From: Berkshire
Originally Posted by alcazar
Absolutely! And right there at the top is the scaremongering , government ***-licking BBC
Alcazar
Alcazar
if buyers think a crash or fall is around the corner they will not want to overpay on a house and stick in a lower offer. the seller, worried that because of the crash they keep hearing so much about, no other buyers will come along willa ccept the reduced offer and hey presto... more press around falling prices - self completing cycle!
plus I feckin hate estate agents in their little minis
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From: Scoobynet
Originally Posted by davyboy
Peter95?
Originally Posted by MY00PPP
'wow big suprise, no one buys a house in december so the folks that are in a real rush to move have to lower the prices a little to speed up the process and secure a sale'.
I am amazed at how high prices have gone - clearly a lot of it is speculation, and obviously aspects of the media such as the BBC (yeah I know they've reported the 1% fall, but they always put on a positive spin) have helped ramp up prices.
Interestingly however the Times and Telegraph seem to have changed their tune on house price rises and now report negative aspects along with the positive.
A lot of my mates have got BTL's and think you simply cannot lose with property - they reckon interest rates have peaked etc, and seem to think the idea of buying a property and renting it out is their own genious brainwave and nothing to do with what they've read or seen on tv
With so many people in BTL now surely once its saturated and house price rises have stopped or levelled off (at which point the rises stop being so usefull as a means of fueling consumer spending by MEW'ing) they will be a sitting duck for a new tax. GB's taxed everything else, but he wont tax BTL as doing so would pop the house price bubble, but once prices have stopped rising he's got less to lose and could bring in a huge amount.
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From: Tellins, Home of Super Leagues finest, and where a "split" is not all it seems.
Originally Posted by sti-04!!
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Personally speaking.
I only have a small mortgage on my flat, basically needed something to keep my credit rating up just incase.
On the Farm i dont have a mortgage on that, all paid for though i do have a few credit accounts with a few local building accounts that get settled every month.
Am i the only one thinking that the only winners here are the banks ??
Ps just wrote a lengthy reply as to my reason for the above comment but deleted it as i cant be arsed arguing about it.
I personally think its a load of bollocks the lot of it.
HtH
I only have a small mortgage on my flat, basically needed something to keep my credit rating up just incase.
On the Farm i dont have a mortgage on that, all paid for though i do have a few credit accounts with a few local building accounts that get settled every month.
Am i the only one thinking that the only winners here are the banks ??
Ps just wrote a lengthy reply as to my reason for the above comment but deleted it as i cant be arsed arguing about it.
I personally think its a load of bollocks the lot of it.
HtH
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Originally Posted by Petem95
Hello Davy
Figures are seasonally adjusted so this should be taken into account.
I am amazed at how high prices have gone - clearly a lot of it is speculation, and obviously aspects of the media such as the BBC (yeah I know they've reported the 1% fall, but they always put on a positive spin) have helped ramp up prices.
Interestingly however the Times and Telegraph seem to have changed their tune on house price rises and now report negative aspects along with the positive.
A lot of my mates have got BTL's and think you simply cannot lose with property - they reckon interest rates have peaked etc, and seem to think the idea of buying a property and renting it out is their own genious brainwave and nothing to do with what they've read or seen on tv
With so many people in BTL now surely once its saturated and house price rises have stopped or levelled off (at which point the rises stop being so usefull as a means of fueling consumer spending by MEW'ing) they will be a sitting duck for a new tax. GB's taxed everything else, but he wont tax BTL as doing so would pop the house price bubble, but once prices have stopped rising he's got less to lose and could bring in a huge amount.
Figures are seasonally adjusted so this should be taken into account.
I am amazed at how high prices have gone - clearly a lot of it is speculation, and obviously aspects of the media such as the BBC (yeah I know they've reported the 1% fall, but they always put on a positive spin) have helped ramp up prices.
Interestingly however the Times and Telegraph seem to have changed their tune on house price rises and now report negative aspects along with the positive.
A lot of my mates have got BTL's and think you simply cannot lose with property - they reckon interest rates have peaked etc, and seem to think the idea of buying a property and renting it out is their own genious brainwave and nothing to do with what they've read or seen on tv
With so many people in BTL now surely once its saturated and house price rises have stopped or levelled off (at which point the rises stop being so usefull as a means of fueling consumer spending by MEW'ing) they will be a sitting duck for a new tax. GB's taxed everything else, but he wont tax BTL as doing so would pop the house price bubble, but once prices have stopped rising he's got less to lose and could bring in a huge amount.
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