Property prices can reverse very suddenly. Every crash I've ever known was preceded by a hot market and massive increases.
The BoE is putting off significant rate rises, but at some point, they will have to do something about inflation. What do mortgage holders do? Food expensive, payments up and wages flat. Boom.
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Previously on "Nationwide Building Society House Price Index April 22"
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Originally posted by ChimpMaster View PostBut then I read that holding cash is a bum game during inflationary cycles (which I get) and that you should hold assets instead. But surely property and stocks/shares will suffer - so that leaves gold I guess?
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Originally posted by Whorty View Post
Surely it depends what the asset is? If the asset is rising more than inflation then you are still gaining ... cash is losing at the moment, houses are still rising more than inflation.
Or is it not that simple?
Property has been gaining in price forever (it seems) and even more rapidly since rates went down over the past 12 years or so - understandably. But now rates are rising due to high inflation, so I would expect house prices to suffer and even more so because cost of living as a whole is soaring.
But then I read that holding cash is a bum game during inflationary cycles (which I get) and that you should hold assets instead. But surely property and stocks/shares will suffer - so that leaves gold I guess?
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I jet washed by block paved drive at the weekend so I expect the index to rise next month.
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Originally posted by ChimpMaster View PostQuestion: why hold assets during an inflationary cycle?
Or is it not that simple?
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Nationwide Building Society House Price Index April 22
Key points:- Annual UK house price growth slowed modestly to 12.1% in April, down from 14.3% in March
- Prices up 0.3% month-on-month after taking account of seasonal effects
- Poll reveals 38% actively moving or considering move
The latest report from Nationwide makes for some interesting reading. The building society is predicting that whilst the market is currently strong, it will slow over the next few months as household income is squeezed as inflation continues to rise. However, in their survey of 3000 consumers, an impressive 38% responded that they are considering a move.
Full report here:
https://www.nationwidehousepriceinde...fr-r9yzj-dtjafTags: None
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