

J-Hi
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About J-Hi
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HPC Poster
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Tough New Mortgage Rules On Affordability
J-Hi replied to Cozza's topic in House prices and the economy
MMR watered down, inflation rampant... I've given up and decided to buy. I've come to the conclusion that the Coalition and BoE will do anything and everything to prop this market up. As a result I might as well join the party and get my debts inflated away rather than sit on the sidelines getting angry and watching my deposit shrink. What a country... -
If you can't beat them, join them. Don't get angry, get even! I've come to the conclusion if the Coalition and BoE are determined to try and inflate us out of debt I might as well buy and benefit as well, rather than slowly self combust with righteous anger...
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So in reality house prices actually FELL by £28! This makes me feel less depressed. It's a risky game they are playing with these "seasonal adjustments". If the "spring bounce" doesn't materalise then these adjustments start to work in our favour and the falls could be quite significant. It will be interesting...
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Is that the seasonally adjusted figure? What's the real MoM figure?
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-0.7%, but seasonally adjusted to +0.3%
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London House Prices Surge To Brink Of An All Time High
J-Hi replied to NW11's topic in House prices and the economy
I think this is being driven by an incredibly low number of transactions. It's depressing reading for someone from barnet, although I think slowly things are turning... -
Couple of months ago the MoM figures were irrelevant. It was all about "the more accurate quarterly" trend. Suddenly the quarterly figures have vanished? Any ideas why???
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Hope you bears are right! I'm starting to question our collective sanity a bit. We all want a HPC. Partly because we want property to become more affordable, partly because we want smug over extended home owners/BTLs to face the consequences and partly because we all want to be proved right! However, I think I am now starting to lose perspective. When I hear about rising inflation and unemployment I should be worried and appalled, yet I celebrate because it could bring a HPC. When I think about the massive levels of debt and huge deficit I don't worry about our country's future, I think how
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Great point Mr. Spin. IR rises are a bit of a double edged sword i.e. house prices may decline, but the cost of the mortgage will increase (encouraging people to buy and prop up the prices). My worry is that IR will be kept low for years, meaning a slow decline but no crash. Eventually the economy will pick up (could be several years) inflation will level off, banks will lend more and ask for smaller deposits. Prices will then start to rise again, slowly. The bastards might just pull it off...
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So a university lecturer has only just woken up to our economic problems? No wonder students are rioting over tuition fees! And she feels underpaid!
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23% Of Owners On 50K Pa + In Negative Equity!
J-Hi replied to detached's topic in House prices and the economy
Spot on spyguy. I live in N London. Earn comfortably more than £50k, have a pretty big deposit and still can't afford a decent house! -
Sell Your House Now Before Interest Rates Shoot Up
J-Hi replied to fellow's topic in House prices and the economy
150k mortgage @ 1% IR increase (which will probably take 18 months) = £77 monthly rise in mortgage payments. Does anyone seriously think this is going to create panic and trigger our long awaited HPC? IMO it's going to be a long slow grind unfortunately people... -
With high inflation but low saving rates, anyone who has a big deposit but no house is screwed. Not if they intend using that deposit to buy a house which is falling in value numb nut