Jump to content
House Price Crash Forum
Sign in to follow this  

Beware Wobbly Wheel On House Price Bandwagon

Recommended Posts


Beware wobbly wheel on house price bandwagon

FRANCIS SHENNAN February 06 2006

Homeowners who hope to rely on a continuing surge in property prices to underpin remortgaging and the release of equity from their homes may find the bandwagon running out of steam this year
Year-on-year rises will appear higher in the first half of the year, but only because the market was so flat in 2005.
Fionnuala Earley,
Nationwide's group economist
, says: "House price inflation should accelerate in the first half of 2006. The key question is whether the strong pick-up over the last four months will persist. This is unlikely. First, further rises in unemployment are possible. Secondly, affordability remains stretched

Nationwide do not look so sure do they?

Share this post

Link to post
Share on other sites

Is it just me?

I hate this misuse of language and meaning.

In my book something is affordable or not.

"Stretched"? Is this meant in a measureable sense? If so, how about some figures that give meaning.

You're right: something is affordable or it isn't.

'Stretched' is a common sales tactic. e.g. you want to sell someone a vauccum cleaner for 1k. Break the affordability down. Can you afford "50p/day"? Watch how something becomes affordable. In the credit fuelled world we live in today, stretched is synonymous with living on credit

Edited by Mr Blek

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.