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THE MAIL HAS JOINED US.

House prices falling at fastest rate since 2009 as costs plummet 0.9% in a MONTH

Theyre beginning to see it as a COST, like food, fuel and everything else, not some kind of casino bounty.

http://www.dailymail.co.uk/news/article-1362873/House-prices-falling-fastest-rate-2009-costs-plummet-0-9-MONTH.html

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THE MAIL HAS JOINED US.

House prices falling at fastest rate since 2009 as costs plummet 0.9% in a MONTH

Theyre beginning to see it as a COST, like food, fuel and everything else, not some kind of casino bounty.

http://www.dailymail.co.uk/news/article-1362873/House-prices-falling-fastest-rate-2009-costs-plummet-0-9-MONTH.html

The Mail has joined us? That would be a new low.

There isnt much worse that I can think of in terms new friends to HPC, excepting a 'big up' from Ed 'I was with you lot on HPC all the time' Balls.

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Saw the words watershed and development and thought it must be some new crappy reclaimed brownfield site with some stagnant pisspool of water to be sold to BTL brigade and yppy wannabes

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Sloppy work though - they have a story about Halifax and a graph from the Nationwide data. In the side panel summaries, they say Halifax was down 0.8% last month, when it was up...

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The parent group of the Daily Mail DMGT [Daily Mail and General Trust] have serious vested interests in property.

The Daily Mail General Trust Companies include:

Primelocation.com [bought by the Mail in 2005 for £48million]

Findaproperty.com

Digitalpropertygroup.com

Villarenters.com.......

I wouldnt hold my breath...

Major VI's

http://dbpedia.org/p...d_General_Trust

I wonder how much land the CEO of DMGT owns.....?

Harold Jonathan Esmond Vere Harmsworth, 4th Viscount Rothermere

Edited by Dan1

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This is good.

10 years too late of course, but still a good sign.

Once the general public begin to understand that high house prices have paralysed the UK economy, the sooner they'll figure out that having high living costs forces UK workers to demand high salaries and makes them unable to compete with low 'living cost' nations.

ITS THE HIGH HOUSE PRICES THATS CAUSING THE UNEMPLOYMENT!!! .

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...it's a no brainer ....with the 'funny money' element gone house prices are not moving or are falling in price to achieve sale status....no need to wait for the monthly Halifax / Nationwide VI commentaries which are full of jargon....and of course reduced prices don't guarantee immediate sales as potential buyers are having a problem finding a mortgage....most newspapers are VIs due to the advertising income from Houses to Sell....Balls and Red Ed both are 'into' 'property' as aspiring champagne socialists do...they are unlikely to cheer at the current unstoppable trend ...... :rolleyes:

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I wonder how much land the CEO of DMGT owns.....?

Harold Jonathan Esmond Vere Harmsworth, 4th Viscount Rothermere

He's the chairman, not the CEO. I'm sure he's got a few acres handed down to him but his holdings in DMGT are worth £760m so I think he eats well.

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The parent group of the Daily Mail DMGT [Daily Mail and General Trust] have serious vested interests in property.

The Daily Mail General Trust Companies include:

Primelocation.com [bought by the Mail in 2005 for £48million]

Findaproperty.com

Digitalpropertygroup.com

Villarenters.com.......

I wouldnt hold my breath...

Major VI's

http://dbpedia.org/p...d_General_Trust

I wonder how much land the CEO of DMGT owns.....?

Harold Jonathan Esmond Vere Harmsworth, 4th Viscount Rothermere

Also, we need to correct the lie constantly put about that somehow affordability rests on the price TODAY of paying a mortgage. IE the drivel put about by Barclays as 'research' the other day that it is now cheaper to buy than for over 10 years! Well, on a monthly payment basis at a rate of 2.9% or something unsustainable as a result of a 316 year low in B of E rates, then it may appear so. But, you will be slaughtered as rates return to norms like 7% base rates and mortgages of 9%. Then you will pay more than 50% of your net income - or even worse. Then you are stuffed. It's the price to income ratio that counts, not extra low rates, which are in fact disappearing.

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He's the chairman, not the CEO. I'm sure he's got a few acres handed down to him but his holdings in DMGT are worth £760m so I think he eats well.

He's a major honcho in one of the 'inbred' global 'dy_nasty' families!

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THE MAIL HAS JOINED US.

House prices falling at fastest rate since 2009 as costs plummet 0.9% in a MONTH

Theyre beginning to see it as a COST, like food, fuel and everything else, not some kind of casino bounty.

http://www.dailymail.co.uk/news/article-1362873/House-prices-falling-fastest-rate-2009-costs-plummet-0-9-MONTH.html

You are absolutely right Sadman. This is really important. It goes to the core of the problem: housing is the main cost of living. If people see that, then lower housing costs will have political support.

In the recent past I have even suggested that when we write comments on the mainstream media we should always write "housing costs" instead of house prices.

And the Mail repeated "costs" 3 more times, besides the headline:

Trend: In contrast to claims by Halifax that house prices have fallen, Nationwide say house prices have RISEN by 0.3 per cent, with the cost of a home broadly unchanged from a year earlier at £161,183

(...)

The figures contrast with ones reported by Nationwide earlier this week, which showed house prices rising by 0.3 per cent during February, with the cost of a home broadly unchanged from a year earlier.

(...)

The cost of a home remains broadly unchanged from last year - averaging at £161,183

Read more: http://www.dailymail.co.uk/news/article-1362873/House-prices-falling-fastest-rate-2009-costs-plummet-0-9-MONTH.html#ixzz1FeukfWoF

This Mail writer, this anonymous"Mail reporter" (junior? young? homeless?), may even be one of us!!! :D

EDIT: Perhaps as important, I've just noticed that this reporter is writing the cost of a home, not a "house"!!! :o He/she is good!!! :D:D:D

Edited by Tired of Waiting

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WOT?!? D'YA MEAN

PREDATORY LIAR LOANS?

:rolleyes::unsure::unsure:

..resulting in 'liar loans'.....the trigger was the tsunami of slush money created by the securitisation of poor lending ....which fed into liar loans ....of course it's chicken and egg ....as the slush money was made up of many liar loans in the first place ....so yes ....it includes the banks getting rid of their liar loans in the revolving slush securitisation ...clearing their decks of manure to await the next batch of manure ....and they were paid bonuses for churning this manure... :rolleyes:

Edited by South Lorne

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Also, we need to correct the lie constantly put about that somehow affordability rests on the price TODAY of paying a mortgage. IE the drivel put about by Barclays as 'research' the other day that it is now cheaper to buy than for over 10 years! Well, on a monthly payment basis at a rate of 2.9% or something unsustainable as a result of a 316 year low in B of E rates, then it may appear so.

But, you will be slaughtered as rates return to norms like 7% base rates and mortgages of 9%. Then you will pay more than 50% of your net income - or even worse. Then you are stuffed. It's the price to income ratio that counts, not extra low rates, which are in fact disappearing.

Very true, well put.

I remember paying about 15% interest on my mortgage of (afew years ago now) about £9K ?

Tough times, I remember doing a full time and 2 part time jobs to keep in credit, but the mortgage never reached 50% of income.

Nowadays all the numbers are far too big, it's ended up as 'monopoly' money (thanks Gordon). :angry:

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  • 312 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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