Reply to: Nationwide house prices for March - simple poll

[Solidec]

So, house prices rose in February and March. We should still only go by the Land Registry figures for accuracy, but this is indeed heartening. Bearing in mind that mortgages are still hard to get, this means to me that we will see a boom once the market for mortgages normalises.

Houses still remain the best investment, and since I will have a 4 bed detached from June with 95% equity and paying a nominal sum on my mortgage, surely nobody can argue that renting is a better option !!

D E L U D E D M O R O N

[DimPrawn]

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

No. Next.

[Cyberman]

So, house prices rose in February and March. We should still only go by the Land Registry figures for accuracy, but this is indeed heartening. Bearing in mind that mortgages are still hard to get, this means to me that we will see a boom once the market for mortgages normalises.

Houses still remain the best investment, and since I will have a 4 bed detached from June with 95% equity and paying a nominal sum on my mortgage, surely nobody can argue that renting is a better option !!

[DaveB]

What happened to your Avatar SA? I like a nice pussy, but your other one was much prettier

[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?

[PM-Junkie]

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

HTH.

corpses

[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.

[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.

[DimPrawn]

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

[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]

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.

[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]

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]

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

[TimberWolf]

My flat sale seems to have stalled. The agent that's supposed to be acting as liaison and keeping informed of progress has become unavailable and is not returning calls. One of the other agents in the office said the buyers mortgage is still awaiting approval. Hmm.

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.