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OzzMosiz

Daily Mail Front Page (12/sept/2006)

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Daily Mail Headline Tomorrow

http://www.dailymail.co.uk/pages/live/arti...c=NEWS&ct=5

Fairly bearish, but this quote annoyed me - see bold

Property expert, Milan Khatri(corrrect), of the Royal Institution of Chartered Surveyors said: 'The acceleration in house price inflation reported by the DCLG for July to a 14 month high confirms that the property market enjoyed a firm rebound during the summer months

Edited by OzzMosiz

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That has to have some effect on sentimant surely?!? And I've just seen (for the first time) an advert for a great new mortgage from HSBC:

Hey kids, can't afford a house? Why not take out one of our innovative f*@ked up mortgages with up to 3 friends. You'd be bonkers not to, and we need to sell some more credit quick before the bottom falls out of this bubble.

It's coming home, it's coming home, it's coming.. The house price crash is coming home :P

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Doubled in four years!

What utter ******. If i was to fall for this VI spun rubbish i could MEW a top of the range Sunseeker or an even better equipped sailing yacht. We are going to the Southampton boat show but will be looking only, no spending! We could easily MEW £250k plus, however the madness cannot go on forever.

This rubbish really gets me going big time. I do very well financially and so does the other half but hate consumerism and feckless consumption. Why? i don't like people being bombed to shit to provide me with a bit more, not to mention our troops on a pittance while Labour squabble on six figure salaries.

Aaargh, i'm going mad. It's all driving me insane, the madness of it all.

RB is right. The whole thing is driven by a giant housing scam. It's madness, how can it go on forever? 'It's the economy stupid'. It won't last, it can't.

I like the observation of market prices only go in one of two directions: Up or Down.

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Heard this on LBC radio this morning. No doubt it will be the big talking point at lunch time. That and 9/11 of course.

Not sure if prices have double though. Mine has almost doubled in just under 5 years but I paid well below market value.

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You will find that as more of the HPI becomes negative the way to keep the con going is to look back over a large period of time to produce the statistics, so instead of saying HPI was x amount last month they will resort back to a quarterly, 6monthly or annual HPI to keep things looking positive.

Its all in the spin :D

I am back in the States again in a few weeks, and i quite often read their press, and there is nothing they are hiding from the public about how this property bubble might turn out.

It really concerns me how our press behave(along with tv), it is like one huge concerted effort to implant in every adult in the UK the thought that house prices only ever rise.

Tony Blair in my opinion will hardly leave any legacy, the only thing he will leave though is an air of deceit, the feeling that you cannot go through a typical day without someone trying to B**l****t you. If it not Blair himself or one of his cronnies, it's anyone who is at the top, it's the indexes(cpi, halifax, rics, inflation etc etc etc).

It is like we are run by factory load of David Brents, i remember being in tears of laughter when i first watched him, i do not laugh at it so much these days(it is too close too the truth.)

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The sheeple are convinced now as the Mirror also has it as front page newsflash:

http://www.mirror.co.uk/news/tm_objectid=1...-name_page.html

2 September 2006
AVERAGE PRICE OF A HOME IS £200,000
By Emily Miller
HOUSE prices have doubled in four years, sending the average British home to nearly £200,000.
After the biggest rise in 14 months, a three-bed semi fetched around £194,454 in July compared with £191,016 in June. And in England alone they topped £202,660.
A rush this summer boosted prices £100 a day. They rose six per cent in the year up to July, up from 5.6 per cent in the year to June, said the Department for Communities and Local Government.
First-time buyers are borrowing a record average of 3.21 times their salary after prices outpaced pay rises
. But many owners have fallen victim to bankruptcy and repossession as hundreds of thousands of people struggle to pay their mortgages, says a Citizens Advice Bureau survey.
And there are concerns that banks and building societies are handing out huge loans
without proper checks on finances
.

Fancy that, FTBs are now having to borrow 3.21 times salary to afford those 200k houses. How ever can they afford it?

Edited by Realistbear

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I am back in the States again in a few weeks, and i quite often read their press, and there is nothing they are hiding from the public about how this property bubble might turn out.

It really concerns me how our press behave(along with tv), it is like one huge concerted effort to implant in every adult in the UK the thought that house prices only ever rise.

Tony Blair in my opinion will hardly leave any legacy, the only thing he will leave though is an air of deceit, the feeling that you cannot go through a typical day without someone trying to B**l****t you. If it not Blair himself or one of his cronnies, it's anyone who is at the top, it's the indexes(cpi, halifax, rics, inflation etc etc etc).

It is like we are run by factory load of David Brents, i remember being in tears of laughter when i first watched him, i do not laugh at it so much these days(it is too close too the truth.)

Blair and Brown only have house price rises as good news. Its hard to keep spinning the wars in Iraq and Afganistan, public transport, pensions, the health service and crime statistics.

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What are these papers headlines trying to say?

House prices hit new high = so they can only get higher or we are at the top they can only now start to drop.

House prices double in four years = buy now and they will double in the next four or they are over priced over financed...it's all over

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It really concerns me how our press behave(along with tv), it is like one huge concerted effort to implant in every adult in the UK the thought that house prices only ever rise.

Like it or not, it works.

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Like it or not, it works.

It hasn't worked for me.....I still won't buy a house at these insane levels. I actually thought the Mail was extremely bearish in it's reporting. It's all quite funny really!

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The average price paid for a first home in July was up by 5.6per cent in a year to just over £150,000.

According to the Council of Mortgage Lenders, first-time buyers are now borrowing an average of 3.21 times their salary - the highest income multiple on record.

How do they write this stuff, it must be getting close to the point where it is nearly impossible to spin(lie) this rubbish.

So what they are saying in just this one sentence is that a typical FTB is on close to £50k a year, how much longer are these muppets going to allow this immorral property porn crusade to go on for.

The only reason houseprices are rocketing are because of the BTL scum that are playing speculative games with paper money, we are never going to be able to compete with them.

A couple of friends and myself were recently looking at some good value(in todays terms) small holdings in Wales, i was told by one to forget it, the Welsh would not make me feel welcome, and at worse burn me out. Well that is the way i am starting to feel about greedy BTL and second homeowers.

The Welsh in certain parts have a way of life they want to hold on to, and good luck to them, you sometimes have to fight for what you believe in.

ARE ANY OF YOU LOT READY FOR A FIGHT YET, or are you just going to keep posting on here.

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Guest pioneer31

What are these papers headlines trying to say?

House prices hit new high = so they can only get higher or we are at the top they can only now start to drop.

House prices double in four years = buy now and they will double in the next four or they are over priced over financed...it's all over

exactly

What ARE they saying?

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Fancy that, FTBs are now having to borrow 3.21 times salary to afford those 200k houses. How ever can they afford it?

when i bought my first property in 1991, i borrowed £34,750 for it on a salary of £11k, more or less 3.2 multiple - it recently sold for £120k so at 3.21 multiple, the average first time buyers salary is £37,381 p.a.

not sure quite how to read this!

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Land Registry. England and Wales.

Q3 2002 £156,138

Q2 2006 £199,183

Percentage change 27.57% (and I suspect England would be slightly lower)

Not even remotely close to 100%.

Q3 data for this year would need to show a 57% rise QOQ (over 500% annualised) to hit the Mail's 100% fantasy figure.

:lol::lol::lol::lol::lol::lol:

Send it to them. Or post it on their website. You can add comments!!

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when i bought my first property in 1991, i borrowed £34,750 for it on a salary of £11k, more or less 3.2 multiple - it recently sold for £120k so at 3.21 multiple, the average first time buyers salary is £37,381 p.a.

not sure quite how to read this!

If the Average FTB is now mid thirties, I would imagine this 37k wage is pretty is pretty much correct, certainly for my area in the thames valley.

But also remember they would have had 16 years to possibly save a deposit and progress in their carreers. It is possible.

Edited by zag2me

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I have, but would you really expect them to publish it?

The plain and simple truth has no place in our tabloid press.

I bi*ch and moan about everything now. The more than moan, the more the voice is heard!

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If the Average FTB is now mid thirties, I would imagine this 37k wage is pretty is pretty much correct, certainly for my area in the thames valley.

But also remember they would have had 16 years to possibly save a deposit and progress in their carreers. It is possible.

You really do talk utter cr@p!

Mid thirties - average wage £37k - I'm sorry but this is above average for most of the country. Even if the average wage of someone in their mid-thirties in the Thames Valley is £37k this is above average for the rest of the country and I would suspect that the 'average' house price in the Thames Valley is also substantialy above the national average.

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ive given up caring about house prices nowadays, there just ridiculous, so out of touch from anyone on 13k salaries its enough to make you wana laugh in the complete insanity of this mess. to get the so called 200k hous eprice id need a mortgage 15x my salary!!! what a complete joke!!!

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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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