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Realistbear

Beware Wobbly Wheel On House Price Bandwagon

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http://www.theherald.co.uk/business/55579.html

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?

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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

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  • 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%



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