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The Masked Tulip

Fivelive Phone In On House Prices At 9Am

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Is that our old friend I am currently listening too?

Just been called the Harbinger of Doom!!!!

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recognise that voice.....people are starting to get angry, unless of course your parents happened to own a two up two down in hackney......and put in a loft conversion ;)

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recognise that voice.....people are starting to get angry, unless of course your parents happened to own a two up two down in hackney......and put in a loft conversion ;)

My favourite little joke, a twist on a modern classic, no local knowledge required. Here goes...

What's the crappy little box on the back of a loft dormer in <insert overpriced property location>?

A terraced house! Boom-tish, here all week folks.

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Well that last 20 mins or so was better, hang on in there if you listen to it.

Its certainly a mess out there, I'm not noticing many saying how great rising prices are anymore. Thats a change. But that woman was talking utter bllx throughout

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Well that last 20 mins or so was better, hang on in there if you listen to it.

Its certainly a mess out there, I'm not noticing many saying how great rising prices are anymore. Thats a change. But that woman was talking utter bllx throughout

Only so long you can run a Ponzi scheme based on basic shelter. The gig is nearly up, at least you could still eat Tulips?

Edited by dances with sheeple

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Well that last 20 mins or so was better, hang on in there if you listen to it.

Its certainly a mess out there, I'm not noticing many saying how great rising prices are anymore. Thats a change. But that woman was talking utter bllx throughout

The suggestion that part ownership was somehow better than renting went totally unchallenged - why would you want to own the liabilities like the leaky roof without owning the asset?

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Things have gone beyond insane.

House Prices 'Rise Above 2007 Peak Values'

Yet more poor reporting. Using the Nationwide index the 2007 peak came in October 2007. Since then the tokens that House Prices are measured in have been devalued by about 19%. In constant real tokens Nationwide "average houses" are still 17% from peak by my calculations.

Might also be worth keeping the current HPI in perspective. Since Dec 2007, at least according to the Nationwide, average house prices are supposedly up 3.7% in nominal terms. Over the same period my simple investment strategy which doesn't involve BTL is up 57%. The average BTL'er would need more than 7% rent yield to have beaten that...

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Yet more poor reporting. Using the Nationwide index the 2007 peak came in October 2007. Since then the tokens that House Prices are measured in have been devalued by about 19%. In constant real tokens Nationwide "average houses" are still 17% from peak by my calculations.

Might also be worth keeping the current HPI in perspective. Since Dec 2007, at least according to the Nationwide, average house prices are supposedly up 3.7% in nominal terms. Over the same period my simple investment strategy which doesn't involve BTL is up 57%. The average BTL'er would need more than 7% rent yield to have beaten that...

+1

Strip out London and the South East and the difference is even more stark. And then there's NW's dubious methodology as reported elsewhere on hpc by Free Trader and CoTB.

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