Paul77 Posted August 31, 2016 Share Posted August 31, 2016 (edited) Nationwide HPI +0.6% m/m, the only way is up. http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/2016/Aug_2016.pdf Edited August 31, 2016 by Paul77 Quote Link to comment Share on other sites More sharing options...
btl_hater Posted August 31, 2016 Share Posted August 31, 2016 It must be rigged. Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted August 31, 2016 Share Posted August 31, 2016 Round here the agents/sellers are getting very greedy. In last 6 months or so one (modest) house sells for 250k, next one that comes up on street a couple of months later, 325. That sells, lets try the next one at 370. It's actually entertaining, especially when juxtaposed with a job I saw in the paper for a full time technician at the local school paying 17k pa. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 31, 2016 Share Posted August 31, 2016 Crazy. Lower IRS, Lower Mortgage rates, £100B of tax pyares futures being thrown at the market. What else was going to happen. This is criminal Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 31, 2016 Share Posted August 31, 2016 Round here the agents/sellers are getting very greedy. In last 6 months or so one (modest) house sells for 250k, next one that comes up on street a couple of months later, 325. That sells, lets try the next one at 370. It's actually entertaining, especially when juxtaposed with a job I saw in the paper for a full time technician at the local school paying 17k pa. Same in Northants. The prices are not even insane any more. There is probably no word to describe some of the listing prices. Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted August 31, 2016 Share Posted August 31, 2016 Same in Northants. The prices are not even insane any more. There is probably no word to describe some of the listing prices. I've just had a look and I'm also lost for words. A house like this :- http://www.rightmove.co.uk/property-for-sale/property-43879620.html ....the price.....the price....oh dear. Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted August 31, 2016 Share Posted August 31, 2016 Same in Northants. The prices are not even insane any more. There is probably no word to describe some of the listing prices. Yeah I look at them and just laugh now. 50k more here because it has a new kitchen, 100k extra there as it's got a box room maybe. I think about the sort of person who is actually pledging to pay this money plus interest and genuinely feel sorry for their desperation. Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted August 31, 2016 Share Posted August 31, 2016 I've just had a look and I'm also lost for words. A house like this :- http://www.rightmove.co.uk/property-for-sale/property-43879620.html ....the price.....the price....oh dear. You would add 100k to that round here. Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted August 31, 2016 Share Posted August 31, 2016 So much for the EU remain campaign predicting 20% falls.. Osborne also predicted he'd steer the treasury toward a surplus by 2015/2016. Usual pathetic lies. Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted August 31, 2016 Share Posted August 31, 2016 So much for the EU remain campaign predicting 20% falls.. No wonder the top two resigned in government, how stupid will they have looked as each day passes. Might as well face it, yet another day today where the MSM celebrate an unaffordable necessity for the priced out. My suggestion to those well educated working under 35's, just get a slapper up the duff and become a drunken minor criminal burden to society, it is a far easier way to get better quality and free housing, and work on the black market for cash. Yep, that's my advice to them too! Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted August 31, 2016 Share Posted August 31, 2016 You would add 100k to that round here. It's beyond shocking. It feels dream-like. Whoever pays these prices.....they're ruining their lives. Quote Link to comment Share on other sites More sharing options...
frederico Posted August 31, 2016 Share Posted August 31, 2016 You would add 100k to that round here. Yeah, looks OK to me and I was about to say things are changing around here. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 31, 2016 Share Posted August 31, 2016 So much for the EU remain campaign fear campaign trying to terrorise people by predicting 20% falls.. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 31, 2016 Share Posted August 31, 2016 (edited) http://www.bbc.co.uk/news/business-37228736 Please everyone, just read this and look at the way the BBC report the Nationwide house price rise of 0.6%. Firstly it is reported as a "slight pick up". For me an average property that is already well over priced and unaffordable to most has just risen well over UK inflation yet again. Then it goes onto say the "outlook is clouded" Now you know and I know they are not talking about house prices becoming affordable and cheaper for people like us, in other words sunnier news, oh no, their audience is purely those that see the housing market as speculative where prices becoming cheaper will be seen as cloudy and dark. The BBC make me sick The BoE lowered IRs, forced banks to lower mortage raises to access fuinding and backed it up with £100 BILLION+ of our cash This can only end in collapse. TPTB will not give up with economic miracle as it will make them look like what they are, criminals, idiots, lunatics, deluded, naive, banker selving ****s. ( take you pick, I have no idea which is correct ) Edited August 31, 2016 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted August 31, 2016 Share Posted August 31, 2016 The BBC make me sick My sibling and partner had come round to visit my folks the other day. It had just gone the hour and dad stuck on the telly - BBC news came on. I picked up the remote, declared 'Not this tripe' and dialed in 512. Russia Today. Dad laughed and said very good, but dont think the others were impressed! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 31, 2016 Share Posted August 31, 2016 I have to ask...are the NW now so far up to their necks in this they're just making it up or even doing some insane lending practices. Is it just an advert to try and scare people into buying ? I'd now like to see the NW collapses, the bubble needs a big failure to stop it now, the NW would be the one organisation that could do that. Quote Link to comment Share on other sites More sharing options...
Si1 Posted August 31, 2016 Share Posted August 31, 2016 Does the NW data not have a lag against actual sales? Quote Link to comment Share on other sites More sharing options...
lostinessex Posted August 31, 2016 Share Posted August 31, 2016 Very disappointed by this news - been watching Rightmove closely since the Brexit vote and asking prices seemed to be softening - with quite a number of price reductions. However at the back of my mind has always been that once the initial Brexit panic subsides sellers could start regaining their confidence - so a few bearish headlines from the Nationwide / Halifax reports are crucuial to keep HPI sentiment low. I just feel my life slipping by as everything is on hold as I desperately try to save more and more - always hopeing that next month things will start to change - but it's always next month. Oh well, maybe Halifax will bring better news. Quote Link to comment Share on other sites More sharing options...
RickyD Posted August 31, 2016 Share Posted August 31, 2016 I've just had a look and I'm also lost for words. A house like this :- http://www.rightmove.co.uk/property-for-sale/property-43879620.html ....the price.....the price....oh dear. That would be considered dirt cheap around Cambridge. For instance, check out this delightful 1 bedroom bungalow for £265. And this is not even in Cambridge. It's 5 miles out! http://www.rightmove.co.uk/property-for-sale/property-55809112.html Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 31, 2016 Share Posted August 31, 2016 What really turns my stomach is the likes of Carney getting on his high horse and acting out being the homeowners saviour who will "force the interest cut onto the homeowner" so now apart from paying what were the lowest mortgage rates in history and when many took mortgages on at far higher rates he now will make them lower. Where was his concern when the most vulnerable people in Britain in desperation only had credit available to them at 3000% and higher and the only reason it was ever reduced significantly was because of the moral pressure groups that fought to have them wiped out, Carney was not initially bothered in the least I personally think you have to be a particularly thick skinned selfish psychopath to be in that position right now. And if that is the case I doubt he gives a flying **** about anyone other than himself. IMHO If he entered a "biggest **** of the decade" he'd come in second. Quote Link to comment Share on other sites More sharing options...
80sBaby Posted August 31, 2016 Share Posted August 31, 2016 +1 SE2 prices are weaker(Zoopla shows steady stream of price reductions). From what I read on the composition of this index, it excludes BLT and is one mortgage approvals rather than completions. This is very disturbing... Very disappointed by this news - been watching Rightmove closely since the Brexit vote and asking prices seemed to be softening - with quite a number of price reductions. However at the back of my mind has always been that once the initial Brexit panic subsides sellers could start regaining their confidence - so a few bearish headlines from the Nationwide / Halifax reports are crucuial to keep HPI sentiment low. I just feel my life slipping by as everything is on hold as I desperately try to save more and more - always hopeing that next month things will start to change - but it's always next month. Oh well, maybe Halifax will bring better news. Does the NW data not have a lag against actual sales? Quote Link to comment Share on other sites More sharing options...
80sBaby Posted August 31, 2016 Share Posted August 31, 2016 just incase anyone is interested. http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/nationwide-hpi-methodology.pdf Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted August 31, 2016 Share Posted August 31, 2016 Very disappointed by this news - been watching Rightmove closely since the Brexit vote and asking prices seemed to be softening - with quite a number of price reductions. However at the back of my mind has always been that once the initial Brexit panic subsides sellers could start regaining their confidence - so a few bearish headlines from the Nationwide / Halifax reports are crucuial to keep HPI sentiment low. I just feel my life slipping by as everything is on hold as I desperately try to save more and more - always hopeing that next month things will start to change - but it's always next month. Oh well, maybe Halifax will bring better news. This is going to sound a bit self helpy. You cannot let your personal happiness be controlled by the actions of these sociopaths. You and I cannot control what goes on in this housing market. If you feel despair by it, you need to look away, objectively and concentrate on whatever you do have power over. Look at the pile of money you saved. The blood, sweat and tears you've put in. Do you want to trade that so someone can go off on a cruise, or get a mortgage so your boss can put you over a barrel? Do you feel like your efforts have value if you do so? No. Don't play their game. Find your happiness elsewhere. There are other options. Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted August 31, 2016 Share Posted August 31, 2016 Look at the pile of money you saved. The blood, sweat and tears you've put in. Do you want to trade that so someone can go off on a cruise, or get a mortgage so your boss can put you over a barrel? Do you feel like your efforts have value if you do so?No. Don't play their game. Find your happiness elsewhere. There are other options. This. A good friend of mine and I discussed the same about 10yrs ago , as the madness took hold. He worked for a bank (front desk of a branch, nothing fancy). Both of us thought it was insane to work hard to pay some retiree a lottery win. He's recently moved to the Japan as his wife is originally from there. He learnt to speak/write Japanese in the last 7 yrs and will now open up a cafe/patisserie specialising in Italian/French food in a little island on the south of Japan. He won't be rich in cash terms alone, but will be happy and has done something useful with his life. Someone else will pay the retirees lottery win............. Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted August 31, 2016 Share Posted August 31, 2016 http://www.bbc.co.uk/news/business-37228736 Please everyone, just read this and look at the way the BBC report the Nationwide house price rise of 0.6%. Firstly it is reported as a "slight pick up". For me an average property that is already well over priced and unaffordable to most has just risen well over UK inflation yet again. Then it goes onto say the "outlook is clouded" Now you know and I know they are not talking about house prices becoming affordable and cheaper for people like us, in other words sunnier news, oh no, their audience is purely those that see the housing market as speculative where prices becoming cheaper will be seen as cloudy and dark. The BBC make me sick No point moaning if you're funding them to the tune of £150 a year. Quote Link to comment Share on other sites More sharing options...
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