rantnrave Posted March 1, 2021 Share Posted March 1, 2021 Data out Tues morning Quote Link to comment Share on other sites More sharing options...
msi Posted March 1, 2021 Share Posted March 1, 2021 Just before budget? Get out the 'prices teetering and running out of steam card' Once we have a new bung then its 8% YoY baby! We could have a nuclear holocaust the the Tories would still throw another bung and NW / Halifax would still show 'robust growth' </sarcasm> Quote Link to comment Share on other sites More sharing options...
Si1 Posted March 1, 2021 Share Posted March 1, 2021 (edited) 2 minutes ago, msi said: We could have a nuclear holocaust the the Tories would still throw another bung and NW / Halifax would still show 'robust growth' </sarcasm> How else are they going to sustain the economy against a backdrop of apocalyptic war without the 'wealth effect' of hpi? Edited March 1, 2021 by Si1 Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted March 1, 2021 Share Posted March 1, 2021 Just how many chances are they given? HPI is just another opportunity to butter up the unbelievably thick Public. Give them a Mc Donald’s, Ant & Dec and tell them their house is “worth” more, and you have bought a idiotic voter, even though you’re incompetent. Quote Link to comment Share on other sites More sharing options...
msi Posted March 1, 2021 Share Posted March 1, 2021 17 minutes ago, “Nasty Piece of work” said: Just how many chances are they given? HPI is just another opportunity to butter up the unbelievably thick Public. Give them a Mc Donald’s, Ant & Dec and tell them their house is “worth” more, and you have bought a idiotic voter, even though you’re incompetent. makes the 'spoons squad feel important. Voice of da people, innit? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted March 2, 2021 Author Share Posted March 2, 2021 Monthly rise of 0.7% Quote Link to comment Share on other sites More sharing options...
Smiley George Posted March 2, 2021 Share Posted March 2, 2021 Okay, whatever! Quote Link to comment Share on other sites More sharing options...
Former postman Posted March 2, 2021 Share Posted March 2, 2021 23 minutes ago, rantnrave said: Monthly rise of 0.7% Lol! Quote Link to comment Share on other sites More sharing options...
ucnvpe0 Posted March 2, 2021 Share Posted March 2, 2021 Average price of £231,061 highest on record Quote Link to comment Share on other sites More sharing options...
giesahoose Posted March 2, 2021 Share Posted March 2, 2021 Nothing else to spend money on. Save it and pay down the mortgage Quote Link to comment Share on other sites More sharing options...
Huggy Posted March 2, 2021 Share Posted March 2, 2021 Chilled nowadays with these as I am with the cost of Veyrons climbing. NW and Halifax monthly movements are about as trustworthy as official Chinese economic data publications or as useful as the charts and Guardian links in the Brexit thread 'proving' things. All I'm seeing at the coal face is a collapse in number of places for sale on Rightmove (dropped by 40% in most of my areas in the past few months, possibly seasonal). Call me when they're 50% down, then I'll start thinking of becoming a buyer. Probably will go for it at 70% in reality Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted March 2, 2021 Share Posted March 2, 2021 1 minute ago, Huggy said: As trustworthy as official Chinese economic data publications..... +1 Quote Link to comment Share on other sites More sharing options...
highcontrast Posted March 2, 2021 Share Posted March 2, 2021 24 minutes ago, Huggy said: All I'm seeing at the coal face is a collapse in number of places for sale on Rightmove (dropped by 40% in most of my areas in the past few months, possibly seasonal). Anecdotal, but a mortgage broker friend is saying a significant amount of mortgage applications are just simply not being approved. The banks lending criteria is getting tighter as time goes on. Quote Link to comment Share on other sites More sharing options...
Locke Posted March 2, 2021 Share Posted March 2, 2021 14 minutes ago, highcontrast said: Anecdotal, but a mortgage broker friend is saying a significant amount of mortgage applications are just simply not being approved. The banks lending criteria is getting tighter as time goes on. TwentySomething will put you right on that Quote Link to comment Share on other sites More sharing options...
rantnrave Posted March 2, 2021 Author Share Posted March 2, 2021 39 minutes ago, highcontrast said: Anecdotal, but a mortgage broker friend is saying a significant amount of mortgage applications are just simply not being approved. The banks lending criteria is getting tighter as time goes on. Or possibly not... Data shows ‘stampede to buy property before the stamp duty holiday ends’ March 2, 2021 Demand from homebuyers remains exceptionally high across the UK as people look to take advantage of low interest rates and the current stamp duty holiday, which is expected to be extended beyond the current 31 March deadline. According to the latest Bank of England’s Money and Credit statistics, net mortgage borrowing remained at £5.2bn in January, up from the monthly average of £4bn in the six months to February 2020, as buyers rush to take advantage of favourable market conditions. The data shows that there were 99,000 mortgage approvals for property purchase in January, in line with the average of 100,000 since October 2020. https://propertyindustryeye.com/new-data-shows-the-stampede-to-buy-property-before-the-stamp-duty-holiday-ends/ Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted March 2, 2021 Share Posted March 2, 2021 1 hour ago, giesahoose said: Nothing else to spend money on. Save it and pay down the mortgage ^^ Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 2, 2021 Share Posted March 2, 2021 15 hours ago, rantnrave said: Data out Tues morning UP UP UP BBC Surprised. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 2, 2021 Share Posted March 2, 2021 1 hour ago, highcontrast said: Anecdotal, but a mortgage broker friend is saying a significant amount of mortgage applications are just simply not being approved. The banks lending criteria is getting tighter as time goes on. it's about to become a lot looser as of tomorrow !!! These evil men, and that's what they are, will not stop. We will see a full on currency crisis in the UK is the coming years. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 2, 2021 Share Posted March 2, 2021 15 hours ago, msi said: Just before budget? Get out the 'prices teetering and running out of steam card' Once we have a new bung then its 8% YoY baby! We could have a nuclear holocaust the the Tories would still throw another bung and NW / Halifax would still show 'robust growth' </sarcasm> Fixed that for you. Quote Link to comment Share on other sites More sharing options...
Pebbles Posted March 2, 2021 Share Posted March 2, 2021 Hardly a surprise apart from the hard cor head in the sand types you see in some cases on here is is obvious and corroborated by the land registry that house prices are going up still (an will continue to until those forces driving them up are removed) Quote Link to comment Share on other sites More sharing options...
Wayward Posted March 2, 2021 Share Posted March 2, 2021 Another month working, saving, living simply and all for nothing. Fruits of labour transferred to others. Quote Link to comment Share on other sites More sharing options...
Twenty Something Posted March 2, 2021 Share Posted March 2, 2021 6 hours ago, Locke said: TwentySomething will put you right on that rantnrave beat me to it below. Another month, another rise in prices and another episode of fingers being stuck in ears and repeated mantras of it's not what we're 'seeing at the coal face' and an estate agent friend of mine said nothing is selling and my mate Dave can't sell his house and it has been on the market for 9 months. Oh and of course someone knows a mortgage broker friend who has said that everything is stuck and nobody can buy. Meanwhile pretty much every statistic you can find points towards people buying houses, prices going up, life carrying on as normal. This time last year pretty much everyone in this thread was falling over themselves with glee about how the whole thing was coming crashing down - 70% drop by xmas, end of the world. For the record, I will say again that I don't think that what is going on is sustainable, and I don't think that it is fair or in the best interests of the masses, and I do agree that the powers that be are lining their pockets, but what you gonna do? A year on from buying in the face of what was certain financial ruin from the usual suspects on here what has happened? Quote Link to comment Share on other sites More sharing options...
crescent Posted March 3, 2021 Share Posted March 3, 2021 On 3/1/2021 at 8:02 PM, “Nasty Piece of work” said: Just how many chances are they given? HPI is just another opportunity to butter up the unbelievably thick Public. Give them a Mc Donald’s, Ant & Dec and tell them their house is “worth” more, and you have bought a idiotic voter, even though you’re incompetent. offering free broadband did notwork the public were not that thick Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted March 3, 2021 Share Posted March 3, 2021 38 minutes ago, crescent said: offering free broadband did notwork the public were not that thick Can you please form a sentence? Rather than random words. Quote Link to comment Share on other sites More sharing options...
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