Nationwide house prices for March - simple poll

[oracleslave]

I can picture Kirsty and Phil shreeking "Quick!!! Hurry up!!! Before it's too late!!!" in my mind.

Dreaming about upgrading and posting your fantasy house on a bulletin board for 3 years is a far better strategy in the current climate I am sure you will agree

[DimPrawn]

Dreaming about upgrading and posting your fantasy house on a bulletin board for 3 years is a far better strategy in the current climate I am sure you will agree

Building up £500K in cash from cashing-in on the property boom and then waiting for the rock bottom is working out quite well actually.

I can wait another year or two if needs be. By then the cash pot will have grown somewhat too.

PS. Plus I have my own house paid off so it's no hardship.

PPS. I won't bother posting any more properties here to bore you with.

[oracleslave]

PPS. I won't bother posting any more properties here to bore you with.

Don't stop on my account. Whatever keeps you off the balcony

[DimPrawn]

Well done SallyAnne!

http://news.bbc.co.uk/1/hi/business/7977683.stm

House prices rose in March for the first time since October 2007, according to the Nationwide.

The building society said that property prices increased by 0.9% compared with the previous month.

That reduced the annual rate of house price falls from 17.6% in February to 15.7% in March, with the average UK home costing £150,946.

[Fred Bloggs]

With average house prices still ~40% above the long term price to earnings ratio, I'd sit tight yet before buying. Eventually, the market will return to close to its long term average. I'm impressed if DP really is sitting on £500k cash. I'd be able to retire on that or at least only work 4 months a year.

[DimPrawn]

I bet Kirsty Alsopp creamed her pants on hearing this news.

[AtW]

I suppose from the buyers point of view (who I gather is currently renting), at some point in time they would prefer a place of their own and would accept a potential hit in house prices falling, so long as that is around the same level as they are currently wasting on rent.

Rent is not a waste if it saves you from overextending yourself and getting your life screwed by being made bankrupt.

House prices will need to fall by 50% off their peak to approach anything close to fair value, right now they are closer to fair failure.

[sasguru]

Rent is not a waste if it saves you from overextending yourself and getting your life screwed by being made bankrupt.

House prices will need to fall by 50% off their peak to approach anything close to fair value, right now they are closer to fair failure.

There are plenty of bankrupts whose lives are far better than yours.

HTH.

[PM-Junkie]

There are plenty of bankrupts whose lives are far better than yours.

HTH.

corpses

[SallyAnne]

Go Sally! Go Sally! Go Sally!

Well done SallyAnne!

http://news.bbc.co.uk/1/hi/business/7977683.stm

House prices rose

Dont you think I deserve an apology, you piss taking arsehole?