you have to wonder,
as long as not many new houses/flats are built
as long as the population continues to grow through immigration to fill the skillz shotages
as long as credit is available
this boom will not go away !
Milan.
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Previously on "Boomed"
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As long as houses get 10% smaller each year by converting flats into even smaller flats, then house prices can rise 10% a year indefinitely.
The infinite rise is assured.
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Originally posted by DimPrawnhttp://news.bbc.co.uk/1/hi/business/6378209.stm
Mortgage lending has hit a record high for the month of January, according to the Council of Mortgage Lenders (CML).
Gross mortgage lending was £26.8bn in January, 16% higher than for the same month in 2006.
The CML figures were a record for any January, but were down by 6% on the £28.5bn lent in December.
There you go. Houses will increase in price forever. No doubt. Interest rates have no effect. Raise them to 100% and it would make no difference.
Buy now whilst they are giving them away.
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"It's all different now" - the four most dangerous words in investing.
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Originally posted by BagpussThe future is habitable Wheelie bins
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'Raise them to 100% and it would make no difference.',
that's a very interesting comment Dim !
I wonder, as long credit is available, and as long as a house could
be paid off within 1 or 2 generations, and as long as pressure is on
the market and prices keep rising, ownership will still win in the
long run against renting
could this be a never ending spiral of rises ?
could it be a family multi-generational mistake not to get some
property these days because if you don't your kids and their kids
will have no chance ever ?
Milan.
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Boomed
http://news.bbc.co.uk/1/hi/business/6378209.stm
Mortgage lending has hit a record high for the month of January, according to the Council of Mortgage Lenders (CML).
Gross mortgage lending was £26.8bn in January, 16% higher than for the same month in 2006.
The CML figures were a record for any January, but were down by 6% on the £28.5bn lent in December.
There you go. Houses will increase in price forever. No doubt. Interest rates have no effect. Raise them to 100% and it would make no difference.
Buy now whilst they are giving them away.Tags: None
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