rantnrave Posted April 30, 2021 Share Posted April 30, 2021 Up 2.1% in a single month (two point one percent) Is that the stamp duty saving wiped out in four and a bit weeks? Full report: https://www.nationwide.co.uk/-/media/MainSite/documents/about/house-price-index/2021/Apr_2021.pdf Quote Link to comment Share on other sites More sharing options...
ucnvpe0 Posted April 30, 2021 Share Posted April 30, 2021 It might take years just to get back to 2019 prices. I suspect there will be people here who regret not buying. Quote Link to comment Share on other sites More sharing options...
Voice of Doom Posted April 30, 2021 Share Posted April 30, 2021 (edited) I think the indices are going to be volatile for several months: up, down, sideways. A few posters have likened this to 07-08 before you know what. Let's see where we are when support measures are removed, and the pandemic is truly gone. When that will be, we still don't know. (Like the title by the way but not the %, obviously) Edited April 30, 2021 by Voice of Doom Typo Quote Link to comment Share on other sites More sharing options...
micawber Posted April 30, 2021 Share Posted April 30, 2021 Given the exceptional circumstances at present, folks could do themselves a favour and just log off for 12 months if they are easily triggered. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 30, 2021 Share Posted April 30, 2021 1 hour ago, rantnrave said: Up 2.1% in a single month (two point one percent) Is that the stamp duty saving wiped out in four and a bit weeks? Full report: https://www.nationwide.co.uk/-/media/MainSite/documents/about/house-price-index/2021/Apr_2021.pdf This is mind blowing insane. WTF is wrong with people. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 30, 2021 Share Posted April 30, 2021 50 minutes ago, ucnvpe0 said: It might take years just to get back to 2019 prices. I suspect there will be people here who regret not buying. I suspect there will be people here who regret buying when the rest of us **** off and the economy is ****ed. Quote Link to comment Share on other sites More sharing options...
ucnvpe0 Posted April 30, 2021 Share Posted April 30, 2021 1 minute ago, TheCountOfNowhere said: I suspect there will be people here who regret buying when the rest of us **** off and the economy is ****ed. The economy is already stuffed. Everyone is getting scraps from the top. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted April 30, 2021 Share Posted April 30, 2021 (edited) "Don't be stupid, Be a smartie, come and join the HPI party !" Springtime for Hitler  https://www.youtube.com/watch?v=1zY1orxW8Aw Edited April 30, 2021 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted April 30, 2021 Share Posted April 30, 2021 15 minutes ago, TheCountOfNowhere said: This is mind blowing insane. WTF is wrong with people. Nothing. They just want to buy houses and get on with their lives. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 30, 2021 Share Posted April 30, 2021 10 minutes ago, ucnvpe0 said: The economy is already stuffed. Everyone is getting scraps from the top. Yet house prices are up 2.1% in a month Someone somewhere is not telling the whole truth. Quote Link to comment Share on other sites More sharing options...
btd1981 Posted April 30, 2021 Share Posted April 30, 2021 It's mental. It will come home to roost for people that are celebrating all of this when their kids grow up and face a massive and avoidable hurdle to getting on with their own lives. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 30, 2021 Share Posted April 30, 2021 It's been said that the cockroach would survive a nuclear war. That and UK house prices. Quote Link to comment Share on other sites More sharing options...
btd1981 Posted April 30, 2021 Share Posted April 30, 2021 And Boris Johnson's job. Quote Link to comment Share on other sites More sharing options...
ucnvpe0 Posted April 30, 2021 Share Posted April 30, 2021 (edited) 16 minutes ago, TheCountOfNowhere said: Yet house prices are up 2.1% in a month Someone somewhere is not telling the whole truth. Some people somewhere are hiding a lot of £. Likely off-shore too. The covid loans also added another layer onto everything with more £ Edited April 30, 2021 by ucnvpe0 . Quote Link to comment Share on other sites More sharing options...
rantnrave Posted April 30, 2021 Author Share Posted April 30, 2021 All quiet in terms of MSM coverage... Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted April 30, 2021 Share Posted April 30, 2021 17 minutes ago, TheCountOfNowhere said: Yet house prices are up 2.1% in a month Someone somewhere is not telling the whole truth. The truth is out there. Just look at Rightmove. Quote Link to comment Share on other sites More sharing options...
ucnvpe0 Posted April 30, 2021 Share Posted April 30, 2021 11 minutes ago, btd1981 said: It's mental. It will come home to roost for people that are celebrating all of this when their kids grow up and face a massive and avoidable hurdle to getting on with their own lives. It's a tale of two cities and has been going that way for a long time. People with large inheritance will thrive. The rest will become serfs or navigate through the little opportunities that remain. Quote Link to comment Share on other sites More sharing options...
winkie Posted April 30, 2021 Share Posted April 30, 2021 10 minutes ago, btd1981 said: It's mental. It will come home to roost for people that are celebrating all of this when their kids grow up and face a massive and avoidable hurdle to getting on with their own lives. I would imagine there are plenty who can that are helping their kids to buy a property, SD break, low interest rates and savings made during the pandemic can only encourage this......after all most homeowners with kids know how much they have made out of property, forget the school fees, your property makes more than your job....a house is for life a job might only be for Christmas. Also more of a reason to have fewer kids or not have kids at all....give one something only fair to give the same to all. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 30, 2021 Share Posted April 30, 2021 9 minutes ago, ucnvpe0 said: It's a tale of two cities and has been going that way for a long time. People with large inheritance will thrive. The rest will become serfs or navigate through the little opportunities that remain. The landed gentry are back on top. Labour has let the masses down for decades now, Starmer is worst of all, he should be ripping bad taste boris a new one. Everyone's convinced they are some sort of upper middle class toff because they lease a BMW and have a £400,000 mortgage. It's slavery. Quote Link to comment Share on other sites More sharing options...
tep1 Posted April 30, 2021 Share Posted April 30, 2021 1 hour ago, TheCountOfNowhere said: Yet house prices are up 2.1% in a month Someone somewhere is not telling the whole truth. Housing sector and imputed rent is becoming a big makeup of UK GDP. Government are borrowing fantasy levels of debt to save the country since Brexit and Covid. Its all about making the government debt to GDP ratio look rational. Welcome to the Banana Republic of UK. Our despotic government is further evidence of that!  Quote Link to comment Share on other sites More sharing options...
definitelynotanagent Posted April 30, 2021 Share Posted April 30, 2021 1 hour ago, TheCountOfNowhere said: This is mind blowing insane. WTF is wrong with people.  It might be insane, but for a lot of people there hasn't been a recession (not yet, at least). How many middle-class office workers have *actually* been affected by covid in a negative way in terms of work? I personally think the answer is "few". Instead they have saved money over course of the year and bit they've been working at home, and have more savings than probably ever before. Things may change in the future, but for now IMO there are lots of people out there with 30k+ more cash than they expected, and they are spending it on housing. Quote Link to comment Share on other sites More sharing options...
btl_hater Posted April 30, 2021 Share Posted April 30, 2021 It’s the stamp duty holiday. Fortunately that will be ending soon. Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted April 30, 2021 Share Posted April 30, 2021 How is a mini boom classified? 1 year? 2 years? Â Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted April 30, 2021 Share Posted April 30, 2021 (edited) 1 hour ago, TheCountOfNowhere said: The landed gentry are back on top. Labour has let the masses down for decades now, Starmer is worst of all, he should be ripping bad taste boris a new one. Everyone's convinced they are some sort of upper middle class toff because they lease a BMW and have a £400,000 mortgage. It's slavery. Drive down Unthank Road from the A11 one of the nicest roads in Norwich with lovely detached period houses 600 - 1 million £ Loads of Labour boards outside 0 conservative. Conservatives scared of oldies with their housing equity Labour scared of city centre rich and public servants whom directly benefit as they can often sell up and price out in the regions a la Norwich where the hospital and county hall are the primary providers of stable 50/70/100K+ jobs. On balance at this time the powers that be have decided that in both Con and Lab house prices need to be protected. Liberal democrats pull your finger out. Edited April 30, 2021 by Fromage Frais Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted April 30, 2021 Share Posted April 30, 2021 2 hours ago, TheCountOfNowhere said: This is mind blowing insane. WTF is wrong with people. I was going to post that it feels much more like 2002 as we have a few more years yet until the blow off top in all markets. Blow off top being around 2029 for a 1929 style crash, we are no-where near the full blown mania of 2007. I would say make hay while the sun shines and ensure by 2028 that you are debt free and able to weather the following 7 grim economic years. Everything will go up as the 'cant lose' mind-set really sets in. blow off top is the only way it can go Quote Link to comment Share on other sites More sharing options...
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