Doomed/Boomed I can't decide anymore
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Obviously boomed. House prices are falling, but it's not a problem. Nothing to see here. -
"the building society warned against gloomy predictions for the housing market, claiming that recession was "a remote risk for the UK economy".
Boomed indeed!Comment
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I think the Nationwide are saying:
"Yes, if you buy now you will almost certainly end up with negative equity, but hey, don't worry, we have some great mortgage deals to take your mind off it".Comment
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It's pretty hard to spot a trend in this plot:
http://newsimg.bbc.co.uk/media/image...eb08_203gr.gif
The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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So prices are increasing between 3 and 5% then?Originally posted by Bagpuss View PostIt's pretty hard to spot a trend in this plot:
http://newsimg.bbc.co.uk/media/image...eb08_203gr.gif
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Yes, still worthwhile stocking up on another £1M BTL portfolio. Give Inside Track a call, they'll sort you out with some nice riverfront apartments in Manchester. Much cheapness, plenty quickness.Comment
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If that's the advice they are giving you I can't fault it.Originally posted by DimPrawn View PostComment
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From http://www.telegraph.co.uk/money/mai...cnhouse129.xml
0.3 + 0.5 + 0.8 / 3 * 12 = 6.4% drop if those three months are averaged over the year. Nowhere near 10%, especially with spring coming up as everyone buys in spring. Well be back to 10% increases before you know it. Boomed!It was the fourth fall in as many months, with house prices down 0.3pc in January, 0.5pc in December and 0.8pc in November.
Over the three month period, which is generally considered to be a better barometer of the housing market, house prices fell by 1pc, compared with a 0.4pc fall in the three-month on three-month rate in January.
The average home sold for £179,358 in February, compared with £180,473 the month before.
Fionnuala Earley, Nationwide's Chief Economist, said that while the house price inflation in recent times was clearly over, the UK housing market was unlikely to follow the US, where house prices fell 10pc in 2007.my ferret is your ferretComment
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