Martin_JD

you think not to what?

Incredible isn't it! heh. It's a shame to say I told you so, but these cranks really should stop presenting people with thier misinformed opinions as facts. I will bump this again in 6 months time, and we'll have the same conversation :)

As usual, you're missrepresenting the data to fit your narrative here. What the ONS did actually say was more nuanced, ie "UK average house prices increased by 8.0% over the year to July 2021, down from 13.1% in June 2021' Which means they are still up year on year, as they go on to confirm: "UK average house prices increased by 8.0% over the year to July 2021" Source: https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/july2021 Again, UK house prices have gone ballastic this year, and the crash you and your band of followers predicited earlier in this thread has not materialised.

Another bump after a few months! Those of you proclaiming a house price crash earlier on in the year now looking a bit silly!

Apologies if that came across as gleeful Andy, it was more in response to some of the bears on here who are perennially wrong about the direction of the housing market. The fact that housing is out of reach for many is sad, I agree with you. I just don’t like the idea of potential buyers being put off from ever taking the plunge under the misapprehension that a crash is about to happen.

Seems like a decent competition to be honest, I might enter it myself.

Oh really? I mean I wouldn’t care but he may be putting off people who are In position to buy, who end up priced out of the market waiting for the crash that never came.

Lol, didn’t you call the top of the market last year? And now your saying it’s collapsed, which is the exact opposite of what any of the usual metrics are telling us. The only thing that’s collapsed is your credibility I’m afraid.

Nearly a quarter of properties are selling within a week of going onto the market. It’s mental out there, question is how long will the boom go on for? Also, Barclays boss predicts the biggest economic boom since 1948 (bbc news) So where is this crash and mass unemployment which some of you where insisting was coming?

A few on here (myself included) have been calling this for ages. People where saying the end of furlough was the end of the world, when in fact most people who lost jobs where never gonna be In a position to buy a house in the first place. The fundamentals are all still in place - cheap money, lack of supply, lot's of money sloshing around.

Why don't you attempt to describe the concept yourself then? Rather than just complaing about people not understanding it and ignoring the examples given.

A point which the OP fails to grasp.

lol. Paying off someone else's mortgage for them, what a splendid opportunity!

Interesting, what are you doing that’s more fun? What where you previously doing ?

A crash is happening? You're are that we're in the middle of a boom right?

Yup, pretty bad really.

https://www.theguardian.com/commentisfree/2021/apr/18/the-guardian-view-on-the-house-price-boom-the-asset-rich-get-richer "Demand for homes is surging to levels not seen for at least a decade" Looks like this crash some here have been heralding isn't coming any time soon, quite the opposite in fact, as a few of us on here predicted!

I wouldn't panic - those 5% mortgages still come with the same restrictions in regards to income multiples - so a lot of people will still be priced by the total they are able to borrow based on earnings. I don't doubt you regarding the madness of the market at the moment, house buyers seem to be outnumbering sellers.

Rather then resorting to insults why don't you explain how anything I said in that post is wrong?

The obvious bit which you seem to miss is that your decade of renting and paying someones mortgage off for them could of been better spent paying your own mortgage off.

So much for the crash some of the doom mongers here where telling us about at xmas. Seems to be full steam ahead and prices are gonna keep rising for the next couple of years imo.

mortgage approvals have recently been at a 13 year high https://www.ftadviser.com/mortgages/2021/02/04/mortgage-approvals-at-13-year-high-in-2020/

0-2.4% growth - a slight uptick in prices for this year imo - flats will go down in value but larger house will continue to rise.

Sounds like that was out of your price range, but surely there are cheeper more affordable places you could look at?

These large parts of the population you speak of: Many aren't going to be buying houses regardless of pandemics or "cladding issues". Lots of money still sloshing around, lots of people with deposits ready and the ability to pass affordability tests, lots of competition for the same few houses, which means demand is outstripping supply and prices are going up. The stamp duty freeze merely poured petrol on the fire. House prices continue to rise, demand continues to outstrip supply, borrowing continues to be at a record low, but still you continue to grumble and fail to grasp the fundamentals.