beccles Posted October 20, 2013 Share Posted October 20, 2013 Someone please shoot me in the head. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 20, 2013 Share Posted October 20, 2013 Someone please shoot me in the head. Someone please shoot me in the head..with a For Sale sign... Quote Link to comment Share on other sites More sharing options...
blobloblob Posted October 20, 2013 Share Posted October 20, 2013 Quote Link to comment Share on other sites More sharing options...
SleepyHead Posted October 20, 2013 Share Posted October 20, 2013 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. Quote Link to comment Share on other sites More sharing options...
ReggiePerrin Posted October 20, 2013 Share Posted October 20, 2013 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. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted October 20, 2013 Share Posted October 20, 2013 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? Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 20, 2013 Share Posted October 20, 2013 "As the market bursts back into life" This shite just doesn`t bother me any more, it is tragic that`s all. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted October 20, 2013 Share Posted October 20, 2013 (edited) 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 October 20, 2013 by The B.L.T. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 20, 2013 Share Posted October 20, 2013 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. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 20, 2013 Share Posted October 20, 2013 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. It is going to be a train crash, better than any extended Hollywood special effects scene. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted October 20, 2013 Share Posted October 20, 2013 Even better. 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. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted October 20, 2013 Share Posted October 20, 2013 Someone please shoot me in the head. I imagine Sarah O'Grady dictating her copy looks something like your avatar. Quote Link to comment Share on other sites More sharing options...
billybong Posted October 20, 2013 Share Posted October 20, 2013 (edited) It sounds as if gazumping has started again in earnest - of asking prices and Daily Express £figures. Edited October 20, 2013 by billybong Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted October 20, 2013 Share Posted October 20, 2013 http://www.rightmove.co.uk/news/house-price-index/october-2013 Quote Link to comment Share on other sites More sharing options...
bubbleturbo Posted October 20, 2013 Share Posted October 20, 2013 METRO - House Prices Up £50,000 in One Month Miles Shitside, an analyst for Rightmove, which compiled the figures, said there was a mismatch between wages and the cost of a home in the capital.‘It’s unsustainable because most people just can’t afford to pay higher and higher prices. They’ve come to the limit,’ he told Metro. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted October 20, 2013 Share Posted October 20, 2013 http://www.rightmove.co.uk/news/house-price-index/october-2013 Looks like an HTB2 surge in asking prices, it already seems to be coming off looking at the chart for London which is updated at least weekly by the looks of it. NW looking weak, that'll do for me for now. Quote Link to comment Share on other sites More sharing options...
bubbleturbo Posted October 20, 2013 Share Posted October 20, 2013 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. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 20, 2013 Share Posted October 20, 2013 http://www.rightmove.co.uk/news/house-price-index/october-2013 I like the little flags . 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" . Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted October 20, 2013 Share Posted October 20, 2013 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. Quote Link to comment Share on other sites More sharing options...
workingatthepyramid Posted October 21, 2013 Share Posted October 21, 2013 happy days seriously tho, as others have said, watching these self-serving shysters trying to justify their treachery is now comedy gold. give em enough rope Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted October 21, 2013 Share Posted October 21, 2013 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. Quote Link to comment Share on other sites More sharing options...
workingatthepyramid Posted October 21, 2013 Share Posted October 21, 2013 i for one sleep safe in my bed in the knowledge that someone, somewhere is being vigilant Quote Link to comment Share on other sites More sharing options...
cybernoid Posted October 21, 2013 Share Posted October 21, 2013 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 ( ) 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. Quote Link to comment Share on other sites More sharing options...
ingermany Posted October 21, 2013 Share Posted October 21, 2013 (edited) 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 October 21, 2013 by ingermany Quote Link to comment Share on other sites More sharing options...
Dorkins Posted October 21, 2013 Share Posted October 21, 2013 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 2013I 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 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.