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Realistbear

Express: House Prices To Soar By 20%

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No linky yet--just heard it on R4 followed by a bit of disdain by the reporter.

The Express are rivals to HPC.co apparently.

edit:

http://www.dailyexpress.co.uk/posts/view/190600

Martin Gahbauer, chief economist at the Nationwide building society, said: “It’s not a double dip and it’s not a massive boom, which would not be good for the market.

“People can be cautiously optimistic. If it turns out that way, it would probably lift quite a few people out of negative equity within two to three years.”

And Emma Partridge of Halifax, Britain’s biggest mortgage lender, said there was further good news for home owners.

She said: “Because this is happening at the same time as low interest rates, it’s providing people with the opportunity to pay more to improve their equity. And if there aren’t going to be any further drops in house prices then that enables people to bolster their equity as well.”

Edited by Realistbear

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Equalled by the next 20% fall in Sterling no doubt as the QE & ZIRP madness continue to keep this housing ponzi scheme going...

So when do we run out of suckers? Oh sorry, it's the UK, we don't...

Edited by MrFlibble

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When you see the language used by the "experts" making the prediction you see a lot "ifs" and "probablies."

Such rubbish it seems obvious it is tongue in cheek and in competition with HPC.co as no other paper, even among the knicker press, prints articles based 100% on speculation that is contrary to the source's own statistical information (NW and Halifax).

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Based on the latest estimates, the average price of a home in Britain would rise from £179,000 at the end of 2010 to £212,000 by 2014.

Sounds delightful but are wages going to rise in unison to keep up with this stupidity?

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NEWSFLASH: The Express calls second peak by contrarian indicator.

They called the first peak spot on to the month. The final piece fits in the puzzle, HPC is now!

auzjwy.jpg

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No linky yet--just heard it on R4 followed by a bit of disdain by the reporter.

The Express are rivals to HPC.co apparently.

edit:

http://www.dailyexpress.co.uk/posts/view/190600

Martin Gahbauer, chief economist at the Nationwide building society, said: “It’s not a double dip and it’s not a massive boom, which would not be good for the market.

“People can be cautiously optimistic. If it turns out that way, it would probably lift quite a few people out of negative equity within two to three years.”

And Emma Partridge of Halifax, Britain’s biggest mortgage lender, said there was further good news for home owners.

She said: “Because this is happening at the same time as low interest rates, it’s providing people with the opportunity to pay more to improve their equity. And if there aren’t going to be any further drops in house prices then that enables people to bolster their equity as well.”

THis is MASSIVE news, and from experts aswell, im in

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As a share holder in the parent company of the express and the owner of 100 BTLs and a thriving BMV seminar and training company - this is great news.

Get on the Winning side.

The government should give everyone £50,000 to buy property in the form of an interest negative loan (-5% p.a.) that doesn't have to be paid back until you feel like it. That would really kick-start the economy and give us more good inflation.

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truly one of the worst - if not THE worst - property porn bullsh1t masquerading as a 'news article' I think I've even read.

And I see that dear Sibley is back with his 'homeowners can sit tight and relax/doom-mongers got it wrong' mantra. <_<

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Oh my gosh, it simply must be true if its in the Express, don't you think?

Doesn't matter if it is true or not - Breakfast DJ on Smooth FM has just quoted it, mentioning the "expert opinions", and finished the segment by saying "Let's hope they're right" (or words to that effect)... fade to George Benson or some other overplayed guff.

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And I see that dear Sibley is back with his 'homeowners can sit tight and relax/doom-mongers got it wrong' mantra. <_<

I had a chuckle when I heard that.

I'm surprised that Sibbers isn't posting on MSE and keeping McTwattish company.

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We can all laugh but the biggest market in the world that trades more in a day than the stock markets do in a year are reflecting this news as a big boost to sterling and a vote of confidence in the Koalishon's record to date with no consequences to be seen anywhere relating to austerity or budget cuts:

FOREX

1 GBP =

$= 1.57890

Euro: 1.20685

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I'm reminded of the scene in Quest for the Holy Grail when the knight wants to carry on fighting even though his arms and legs have been chopped off...

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We can all laugh but the biggest market in the world that trades more in a day than the stock markets do in a year are reflecting this news as a big boost to sterling and a vote of confidence in the Koalishon's record to date with no consequences to be seen anywhere relating to austerity or budget cuts:

FOREX

1 GBP =

$= 1.57890

Euro: 1.20685

and no doubt youve personally called every trader whos made a trade within the last 12 hours to confirm that they have acted based on the Express article and the colour of David Camerons underwear today, you must have some phone bill

Edited by Tamara De Lempicka

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At least the Excess is admitting that thousands are in negative equity. Four years from now they will probably report that house prices have indeed "soared" by 20%. Up from the 50% fall of the previous three years.

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I had a chuckle when I heard that.

I'm surprised that Sibbers isn't posting on MSE and keeping McTwattish company.

Er, I hate to tell you but:

http://forums.moneysavingexpert.com/showthread.php?t=580154&page=146

Sibley Today, 9:09 AM

MoneySaving Newbie

Join Date: Jul 2010

Posts: 4

Thanked 1 Time in 1 Post

Quote:

Is it just me or are the house prices all over the place, I looked at 2 houses on the same road today (fairly identical, one was 225k and the other was 200k - there was no discernable difference! im confused? is now a good time to buy?

It hardly makes a difference when you buy if you are after a decent house in nice area.

They don't really go down much. A % here and there but unless a seller is desperate they will sit tight for the right price. So many sold cheap in the 90's then had to swallow a bitter pill watching prices shoot up and somebody else make the money. Get on the ladder before you are the one without a chair when the music stops.

tw@t.

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What a quality paper:

2010-07-13.jpg

"Ethnics"? That must be the mindset of the average Express reader ....

that's not real, is it? please GOd tell me that's not for real and that you just photoshopped it...oh, Jesus, I think it might be real...

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Er, I hate to tell you but:

http://forums.moneysavingexpert.com/showthread.php?t=580154&page=146

Sibley Today, 9:09 AM

MoneySaving Newbie

Join Date: Jul 2010

Posts: 4

Thanked 1 Time in 1 Post

Quote:

Is it just me or are the house prices all over the place, I looked at 2 houses on the same road today (fairly identical, one was 225k and the other was 200k - there was no discernable difference! im confused? is now a good time to buy?

It hardly makes a difference when you buy if you are after a decent house in nice area.

They don't really go down much. A % here and there but unless a seller is desperate they will sit tight for the right price. So many sold cheap in the 90's then had to swallow a bitter pill watching prices shoot up and somebody else make the money. Get on the ladder before you are the one without a chair when the music stops.

tw@t.

Rightthere explains the 90s perfectly from a cyclical market psychology perspective. The 89 crash was not technically the crash, it was the bear trap, it coming back to new highs is exactly what keeps people invested in the actual crash because the market forces the psychology of not missing out again when they recover, which in the actual crash they simply dont, it really is the exact reason why markets are so destructive and always inflict the most damage to the most participants possible without fail. It inflicted massive damage to the bears in the 90s and will likely now do the identical to the bulls , a majority of whom are only bullish because of what the bear trap resulted in (the size of fall and subsequent recovery created the perfect you cant lose psycholgy). Its practically a perfect setup

Edited by Tamara De Lempicka

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that's not real, is it? please GOd tell me that's not for real and that you just photoshopped it...oh, Jesus, I think it might be real...

Well I can see nothing about Diana, Maddie or house prices on the frontpage so I have my doubts...

If it is real then it really does prove what a shameful piece of shit the Express really is and how braindead its regular readers must be. I do really dispair about the mentalitiy in this country.

I know there will be braindead morons around the country who think that in some way think that they are getting an educated viewpoint by reading the Express, after all it is not the Sun so it must be good.

And to think they charge 30p for that tripe!

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Didn't realise the Express had so much influence.

Look at the ftse 250 top risers today , all the builders are showing big gains.

Unfortunately it does. Headlines like this will slow down the supply of properties coming onto the market from sellers keen to beat a falling market, convincing them that if they sit tight they will get far more for their house in a few months time.

It sickens me to read such drivel (in the newsagents - I obviously don't buy the shite) but I am afraid that the MSM do have incredible influence on sentiment which, as we know, can affect reality.

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  • 141 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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