Boomed

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milanbenes replied

20 February 2007, 12:55
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.
Leave a comment:
BlasterBates replied

20 February 2007, 12:22
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.
Leave a comment:
rootsnall replied

20 February 2007, 12:21
Originally posted by DimPrawn

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.

My purchase of a big house just fell through, so after a few weeks in the boomed camp I'm now back in the doomed camp. Its going to crash 40%, without a doubt !!!
Leave a comment:
NoddY replied

20 February 2007, 12:21
"It's all different now" - the four most dangerous words in investing.
Leave a comment:
threaded replied

20 February 2007, 12:19
Originally posted by Bagpuss

The future is habitable Wheelie bins

Hey! Come and look at this will ya? Someones done gone and thrown away a perfectly good white boy.
Leave a comment:
Bagpuss replied

20 February 2007, 12:00
The future is habitable Wheelie bins
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milanbenes replied

20 February 2007, 11:59
'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.
Leave a comment:
DimPrawn started a topic Boomed

20 February 2007, 11:38
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.
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