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beccles

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At some point even the home owners will be getting scared by the rises.

When prises are rising 7K a month, we're not talking house price rises any more, we're talking currency collapse.

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Hopefully this will panic even more people into buying... because the only way my children will ever be able to buy a house is if we inflate this bubble to bursting point. So good for the Express, keep up the good work.

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Hopefully this will panic even more people into buying... because the only way my children will ever be able to buy a house is if we inflate this bubble to bursting point. So good for the Express, keep up the good work.

Panic into selling more like, see HonestEA's recent update in 'Anecdotals'. There are few buyers it seems to match the rush of HTB2 sellers.

Edited by The B.L.T.

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Nah, it's funny these days. One month's (asking price!) data for headline news in a national paper, written by the wife of an MP from the governing party.

Incessant ramping is what we're getting from all corners, surely the Express is allowed to do its bit too?

Even sadder.

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Panic into selling more like, see HonestEA's recent update in 'Anecdotals'. There are few buyers it seems to match the rush of HTB2 sellers.

Even better. :lol: It is going to be a train crash, better than any extended Hollywood special effects scene.

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Even better. :lol: It is going to be a train crash, better than any extended Hollywood special effects scene.

This is a hoot. It talks of London prices rising by £50k (fifty grand) in a month in one paragraph, and the next talks about an easing of bubble fears! Even by the sanctified standards of the Express, that is outstanding work. Worth a CBE at least.

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It is laughable.

Bexley, the borough I am watching is up nearly 7% in one month!

This must just be people rushing to market looking to profiteer from HTB2.

Very odd and totally unsustainable.

HTB2 is not that attractive if you have a brain, the interest rates are pretty high so it should have a limited effect.

No way it could support asking prices rising at these levels, this must just be the people who have been looking to cash out for the last 5 years coming to market. :ph34r:

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I like the little flags :lol:.

No risk of a price bubble outside London as two regions record monthly falls, five are negative year-on-year, and seven in ten regions have annual price rises lagging behind inflation

Deny existing bubble and say there can't be a bubble because "annual price rises lagging behind inflation" :rolleyes:.

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The Guardian as well:

London house prices jump by £50,000 in a month

Rise of more than 10% is a sign of unsustainable boom, says property website critical of Osborne's Help to Buy scheme

http://www.theguardian.com/money/2013/oct/21/london-house-price-50000-month

This sensationalist reporting is going to be highly embarrassing for both the Government and the BoE.

We've now had both camps saying that there is no bubble and HTB2 won't produce one (including David Cameron telling a radio presenter that she "needs to get out more" to find out what's really happening in the housing market) and within days we have headlines that house prices are rising by £7,000 per month, with London up £50,000 in a month.

So what will Carney say now? He and the rest of the FPC suddenly look exposed and totally out of touch with reality, and yet any knee-jerk reaction would shred their credibility too.

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The Guardian as well:

http://www.theguardian.com/money/2013/oct/21/london-house-price-50000-month

This sensationalist reporting is going to be highly embarrassing for both the Government and the BoE.

We've now had both camps saying that there is no bubble and HTB2 won't produce one (including David Cameron telling a radio presenter that she "needs to get out more" to find out what's really happening in the housing market) and within days we have headlines that house prices are rising by £7,000 per month, with London up £50,000 in a month.

So what will Carney say now? He and the rest of the FPC suddenly look exposed and totally out of touch with reality, and yet any knee-jerk reaction would shred their credibility too.

Maybe they'll say that RM is only asking prices, and they'll assess the sold data in a few months to see if these prices are being paid or not.

I don't doubt they'll definitely be watching something, somewhere.

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How long does it take to sell a house? Less than a month? This latest wheeze has only been available (in a limited way at some banks) for less than a month, and yet apparently the figures are already in from completed sales?

They are just making it up.

But the headlines were predictable none the less. Why did osbourne & the prime minister ( :lol: ) do media rounds telling anyone who would listen that this will not cause a bubble when we have a press obsessed with house prices who would predictably splash headlines about a new bubble all over the front page a mere week or 2 later? They can't even do it wrong right.

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The Guardian as well:

http://www.theguardian.com/money/2013/oct/21/london-house-price-50000-month

This sensationalist reporting is going to be highly embarrassing for both the Government and the BoE.

We've now had both camps saying that there is no bubble and HTB2 won't produce one (including David Cameron telling a radio presenter that she "needs to get out more" to find out what's really happening in the housing market) and within days we have headlines that house prices are rising by £7,000 per month, with London up £50,000 in a month.

So what will Carney say now? He and the rest of the FPC suddenly look exposed and totally out of touch with reality, and yet any knee-jerk reaction would shred their credibility too.

Not embarrassing at all. This is what they wanted. It's just a little early in the electoral cycle. We may even see a coalition break up and early GE if this continues. This sort of headline is practically a guarantee of success for the Tories. And you can bet that Clegg will be fighting to get some credit for helping to create the bubble.

Edited by ingermany

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http://www.express.co.uk/news/uk/438168/House-prices-soar-by-7-000-in-past-four-weeks

Sibley 7:11am on Monday, 21st October 2013

I am so very happy to hear this great news.

It's what all hard working homeowners demanded.

No way were we going to allow prices to drop.

Any new sellers. DO NOT DROP 1 PENCE on your asking price.

Gazumping is back. Fill your boots. When prices stagnated the rotten buyers wanted to gazunder us.

Now pay them back the full amount.

HPC website sold members a bum steer...PMSL

jack-nicholson-the-shining.jpg?w=640&h=480

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