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rantnrave

Did House Prices Peak In April...?

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...And the answer, according to the Nationwide is a resounding NO.

They went up a further 0.2% in May to set a new peak.

:(

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/2016/May_2016.pdf

Crazy

The nationwide MUTUAL is a disgrace for helpiong fuel this mega bubble IMHO

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Lol @ march volume 11% higher than pre crisis peak.

That chart on page 1 with the breakdown of type of transaction really is unbelievable, panicking BTLers.

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Lol @ march volume 11% higher than pre crisis peak.

That chart on page 1 with the breakdown of type of transaction really is unbelievable, panicking BTLers.

Are they just making it up now ?

If the NW are lending heavily into this madness is anyone worried about their solvency ?

Edited by TheCountOfNowhere

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0.2 is basically unchanged. No one intetested at new right move fantasy prices. Volume not price is off a cliff.

That's the seasonally adjusted figure. NSA is up 1% month on month.

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You have to wonder, are the same people who ramp up the virtues of remaining in the EU the same people who would also ramp up the property market and why it is a good thing.

It really defies all belief, particularly how quiet the younger generations are about both the EU and house prices. The EU is robbing them of a decent job while giving them an ever-poorer infrastructure, and saddling them with a mammoth national debt, and f!uck all pension hopes. The housing market has robbed them of a house. Both together, the EU and the UK housing market has guaranteed a really crap standard of living for anyone under 40 (maybe even 45!). Talking about 2 full generations now that can work who are shafted by crap wages and high cost of a roof over their head. Yet they all remain quiet about it. The young sound like Owen Jones too much - EU's great innit - multikulti "right on" views. Housing market? Well, gotta just get my foot on the ladder and earn a good wage. That's why I'm doing Media Studies at SmallTown Uni (that was once a college) and getting £40K into debt before I get my "decent" £22K per year job. They only protest at the "right on" protests particularly (and laughably) the austerity or "we are the 99%" protests. THEN (and only then) is it the "rich v poor". It's got to the point where I actually believe there's something in the food/water/air that's making people all placid, and maybe the younger generations are more "dosed up" on whatever it is because they've had more exposure to it over their lives than older people (I'll be believing in lizard men soon....).

Edited by canbuywontbuy

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Seeing the same story spread around the media, used words like "only, weak, weakest", nearly every article, no!, every article is wording this story in a way that this is awful news but things will get better, and when I say better I mean prices will become even more expensive.

You have to wonder, are the same people who ramp up the virtues of remaining in the EU the same people who would also ramp up the property market and why it is a good thing. Brexit is sadly for people who open their eyes and do their own research to understand how we are being s*** on while being told by the mass media on the whole how better off we are, again just like the housing market, nothing is more insane than convincing people a very ordinary house is worth their lifetime servitude and high levels of debt along with their soul I might add in order for them to get an odd crumb of comfort when one of their neighbours house sells for just that little bit more each month.

This modern day version of the Emperor's new clothes is close to it's conclusion where people will be forced to look at their actions and will wake up and think "how much did I f***ing borrow". The endless justification I have seen on other websites about affordability based on the low interest rates. Well here is my answer to that which has always remained the same, motorbikes, holidays, food, TV's and electronic gizmo's are just a few of the things I have purchased along with just about everything else that can be purchased since interest rates hit rock bottom, none of them are more expensive relative to the average wage due to low interest rates, in fact some things are cheaper, property is the only one that has no true value anymore.

The only reason HPI continues to rise is because of the last dregs and fumes of a now dying ramped up bubble with whole governments, the media, a dozen biased TV shows per week fighting their last breath to not give up as they are being whipped into battle one more time.

This worshipping of the housing inflation God is close to it's end, and then the truth will come out how easily most of us were brainwashed.

Great rant!

I can buy a good smart phone for under a hundred quid and communicate with anyone on the planet. I can have a fuel efficient reliable car with a massive warranty and all the gadgets for half what my dad spent on a cortina. I can buy a 48 inch 4k tv for 250 quid. I can buy a pair of jeans for a fiver and I can eat exotic foods from all over the world on a tiny budget.

Yet .... my shite redbrick house that is full of damp and not even big enough to house a a family is worth the best part of a half a million quid, you all know this shit is coming to an end.

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Yet .... my shite redbrick house that is full of damp and not even big enough to house a a family is worth the best part of a half a million quid,

No, the redbick house is worth little. The LAND it sits on, on the other hand...

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It really defies all belief, particularly how quiet the younger generations are about both the EU and house prices. The EU is robbing them of a decent job while giving them an ever-poorer infrastructure, and saddling them with a mammoth national debt, and f!uck all pension hopes. The housing market has robbed them of a house. Both together, the EU and the UK housing market has guaranteed a really crap standard of living for anyone under 40 (maybe even 45!). Talking about 2 full generations now that can work who are shafted by crap wages and high cost of a roof over their head. Yet they all remain quiet about it. The young sound like Owen Jones too much - EU's great innit - multikulti "right on" views. Housing market? Well, gotta just get my foot on the ladder and earn a good wage. That's why I'm doing Media Studies at SmallTown Uni (that was once a college) and getting £40K into debt before I get my "decent" £22K per year job. They only protest at the "right on" protests particularly (and laughably) the austerity or "we are the 99%" protests. THEN (and only then) is it the "rich v poor". It's got to the point where I actually believe there's something in the food/water/air that's making people all placid, and maybe the younger generations are more "dosed up" on whatever it is because they've had more exposure to it over their lives than older people (I'll be believing in lizard men soon....).

Another good rant :) The young don't need to be "dosed up" as they are subjected to constant brainwashing before they can even walk! Everyone thinks if they work hard they will get the mythical high-paying career which will allow them to do well and then get "on the housing ladder". By the time they wake up their llfe is half over and they are no nearer to this dream. :(

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Another good rant :) The young don't need to be "dosed up" as they are subjected to constant brainwashing before they can even walk! Everyone thinks if they work hard they will get the mythical high-paying career which will allow them to do well and then get "on the housing ladder". By the time they wake up their llfe is half over and they are no nearer to this dream. :(

We used to hear about the "American Dream"....now we have the "UK Nightmare"

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