| House Prices Crash [message #382753] |
Di, 18 April 2006 22:02 |
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It has been long overdue, but reports released today have showed House
Prices have dropped by an average of 14%. The highest drops have been
in somerset with reported falls of up to 22%.
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| Re: House Prices Crash [message #382754 ] |
Di, 18 April 2006 22:52 |
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"Time will Tell" <timewilltell1 [at] hotpop.com> wrote in message
news:1145390547.810749.124000 [at] e56g2000cwe.googlegroups.com...
> It has been long overdue, but reports released today have showed House
> Prices have dropped by an average of 14%. The highest drops have been
> in somerset with reported falls of up to 22%.
>
LOL. "reports" that you havent bothered to post here.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: House Prices Crash [message #382758 ] |
Mi, 19 April 2006 01:27 |
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Doomed, doomed, we are all doomed.
"Time will Tell" <timewilltell1 [at] hotpop.com> wrote in message
news:1145390547.810749.124000 [at] e56g2000cwe.googlegroups.com...
It has been long overdue, but reports released today have showed House
Prices have dropped by an average of 14%. The highest drops have been
in somerset with reported falls of up to 22%.
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| Re: House Prices Crash [message #382767 ] |
Mi, 19 April 2006 11:05 |
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"Time will Tell" <timewilltell1 [at] hotpop.com> wrote in message
news:1145390547.810749.124000 [at] e56g2000cwe.googlegroups.com...
> It has been long overdue, but reports released today have showed House
> Prices have dropped by an average of 14%. The highest drops have been
> in somerset with reported falls of up to 22%.
>
What drop? Where?
All the indications from reputable sources are that a continued high demand
and a shortage of housing is still propping up the inflated prices of
houses.
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| Re: House Prices Crash [message #382792 ] |
Mi, 19 April 2006 20:13 |
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On the contrary. There was news in the last few days that currently west
country house price rises are the highest in the U.K.
"Time will Tell" <timewilltell1 [at] hotpop.com> wrote in message
news:1145390547.810749.124000 [at] e56g2000cwe.googlegroups.com...
| It has been long overdue, but reports released today have showed House
| Prices have dropped by an average of 14%. The highest drops have been
| in somerset with reported falls of up to 22%.
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| Re: House Prices Crash [message #382838 ] |
Do, 20 April 2006 14:08 |
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"Stickems." <Stickems. [at] last.invalid> wrote in message
news:35v1g.25694$ic1.5564 [at] newsfe5-win.ntli.net...
> On the contrary. There was news in the last few days that currently west
> country house price rises are the highest in the U.K.
>
>
> "Time will Tell" <timewilltell1 [at] hotpop.com> wrote in message
> news:1145390547.810749.124000 [at] e56g2000cwe.googlegroups.com...
> | It has been long overdue, but reports released today have showed House
> | Prices have dropped by an average of 14%. The highest drops have been
> | in somerset with reported falls of up to 22%.
And now that inflation is dropping you can expect interest rates to fall
again creating more price increases.
---
Sam
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| Re: House Prices Crash [message #382886 ] |
Do, 20 April 2006 21:53 |
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Sam Smith wrote:
> "Stickems." <Stickems. [at] last.invalid> wrote in message
> news:35v1g.25694$ic1.5564 [at] newsfe5-win.ntli.net...
>> On the contrary. There was news in the last few days that currently west
>> country house price rises are the highest in the U.K.
>>
>>
>> "Time will Tell" <timewilltell1 [at] hotpop.com> wrote in message
>> news:1145390547.810749.124000 [at] e56g2000cwe.googlegroups.com...
>> | It has been long overdue, but reports released today have showed House
>> | Prices have dropped by an average of 14%. The highest drops have been
>> | in somerset with reported falls of up to 22%.
>
> And now that inflation is dropping you can expect interest rates to fall
> again creating more price increases.
>
> ---
> Sam
What? General inflation is rising, and likely to go higher still with
this Govts excessive and wasteful spending. Crude hitting 70 Dollars a
barrel will also add to the pressure. I'd say we're in for a few
increases in i rates, and this when unemployment is also beginning to
climb alarmingly and personal debt is at worrying levels. I'd say the
Torries or Gordon Brown (if next PM) will have a nightmare in office in
a few years time.
Irma
Inviato da X-Privat.Org - Registrazione gratuita http://www.x-privat.org/join.php
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| Re: House Prices Crash [message #382901 ] |
Fr, 21 April 2006 02:22 |
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In message <4447e6dc_1 [at] x-privat.org>, Irma Troll <troll [at] troll.com>
writes
>Sam Smith wrote:
>> "Stickems." <Stickems. [at] last.invalid> wrote in message
>>news:35v1g.25694$ic1.5564 [at] newsfe5-win.ntli.net...
>>> On the contrary. There was news in the last few days that currently west
>>> country house price rises are the highest in the U.K.
>>>
>>>
>>> "Time will Tell" <timewilltell1 [at] hotpop.com> wrote in message
>>> news:1145390547.810749.124000 [at] e56g2000cwe.googlegroups.com...
>>> | It has been long overdue, but reports released today have showed House
>>> | Prices have dropped by an average of 14%. The highest drops have been
>>> | in somerset with reported falls of up to 22%.
>> And now that inflation is dropping you can expect interest rates to
>>fall again creating more price increases.
>> ---
>> Sam
>
>What? General inflation is rising, and likely to go higher still with
>this Govts excessive and wasteful spending. Crude hitting 70 Dollars a
>barrel will also add to the pressure. I'd say we're in for a few
>increases in i rates, and this when unemployment is also beginning to
>climb alarmingly and personal debt is at worrying levels. I'd say the
>Torries or Gordon Brown (if next PM) will have a nightmare in office in
>a few years time.
>Irma
>
You and I know that inflation is rising, but you can rest assured that
this government will ensure that the figures are massaged to show that
it is not.
E.g. inflation for the year to March was 1.8% according to the
governments latest basket.... The old RPI shows 2.4%!
If it shows signs of rising too much above the target, look out for a
new basket which better reflects current purchasing patterns....
--
Richard Faulkner
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| Re: House Prices Crash [message #382909 ] |
Fr, 21 April 2006 09:33 |
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"Irma Troll" <troll [at] troll.com> wrote in message
news:4447e6dc_1 [at] x-privat.org...
> Sam Smith wrote:
>> "Stickems." <Stickems. [at] last.invalid> wrote in message
>> news:35v1g.25694$ic1.5564 [at] newsfe5-win.ntli.net...
>>> On the contrary. There was news in the last few days that currently west
>>> country house price rises are the highest in the U.K.
>>>
>>>
>>> "Time will Tell" <timewilltell1 [at] hotpop.com> wrote in message
>>> news:1145390547.810749.124000 [at] e56g2000cwe.googlegroups.com...
>>> | It has been long overdue, but reports released today have showed House
>>> | Prices have dropped by an average of 14%. The highest drops have been
>>> | in somerset with reported falls of up to 22%.
>>
>> And now that inflation is dropping you can expect interest rates to fall
>> again creating more price increases.
>>
>> ---
>> Sam
>
> What? General inflation is rising, and likely to go higher still with this
> Govts excessive and wasteful spending. Crude hitting 70 Dollars a barrel
> will also add to the pressure. I'd say we're in for a few increases in i
> rates
Well you'd be wrong, if anything they are likely to drop.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: House Prices Crash [message #382915 ] |
Fr, 21 April 2006 11:54 |
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Tumbleweed wrote:
> "Irma Troll" <troll [at] troll.com> wrote in message
> news:4447e6dc_1 [at] x-privat.org...
>> Sam Smith wrote:
>>> "Stickems." <Stickems. [at] last.invalid> wrote in message
>>> news:35v1g.25694$ic1.5564 [at] newsfe5-win.ntli.net...
>>>> On the contrary. There was news in the last few days that currently west
>>>> country house price rises are the highest in the U.K.
>>>>
>>>>
>>>> "Time will Tell" <timewilltell1 [at] hotpop.com> wrote in message
>>>> news:1145390547.810749.124000 [at] e56g2000cwe.googlegroups.com...
>>>> | It has been long overdue, but reports released today have showed House
>>>> | Prices have dropped by an average of 14%. The highest drops have been
>>>> | in somerset with reported falls of up to 22%.
>>> And now that inflation is dropping you can expect interest rates to fall
>>> again creating more price increases.
>>>
>>> ---
>>> Sam
>> What? General inflation is rising, and likely to go higher still with this
>> Govts excessive and wasteful spending. Crude hitting 70 Dollars a barrel
>> will also add to the pressure. I'd say we're in for a few increases in i
>> rates
>
> Well you'd be wrong, if anything they are likely to drop.
On what grounds? The Bank of England's remit was changed many years ago
to target inflation (I think it's a 2.5% target). Above that and rates
have to go up.
Irma
Inviato da X-Privat.Org - Registrazione gratuita http://www.x-privat.org/join.php
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| Re: House Prices Crash [message #382919 ] |
Fr, 21 April 2006 12:34 |
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Richard Faulkner <richard [at] estate.demon.co.uk> wrote:
> You and I know that inflation is rising, but you can rest assured that
> this government will ensure that the figures are massaged to show that
> it is not.
> E.g. inflation for the year to March was 1.8% according to the
> governments latest basket.... The old RPI shows 2.4%!
> If it shows signs of rising too much above the target, look out for a
> new basket which better reflects current purchasing patterns....
They can only hide so much. The rise in the gold price tells us that too
much currency has been printed and that the value of the fake currency
is falling against real money.
FoFP
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| Re: House Prices Crash [message #382935 ] |
Fr, 21 April 2006 14:47 |
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In message <e2aceq$bsf$1 [at] scotsman.ed.ac.uk>, M Holmes
<fofp [at] holyrood.ed.ac.uk> writes
>Richard Faulkner <richard [at] estate.demon.co.uk> wrote:
>
>> You and I know that inflation is rising, but you can rest assured that
>> this government will ensure that the figures are massaged to show that
>> it is not.
>
>> E.g. inflation for the year to March was 1.8% according to the
>> governments latest basket.... The old RPI shows 2.4%!
>
>> If it shows signs of rising too much above the target, look out for a
>> new basket which better reflects current purchasing patterns....
>
>They can only hide so much. The rise in the gold price tells us that too
>much currency has been printed and that the value of the fake currency
>is falling against real money.
I'm not suggesting that they will actually be hiding anything. They just
tell us some bollocks which we know isnt true, then they tell us that we
will have to wait and see before decrying it.... a bit like Charles
Clarkes' new measures to prevent pedophiles raping 9 year old kids....
every time a minister opens his mouth we know that he is usually either
lying, or trying to hide something, and we also know what he is trying
to hide
The bank of England wont kick up a fuss as they know that their powers
can be removed at the stroke of a pen..
--
Richard Faulkner
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| Re: House Prices Crash [message #382939 ] |
Fr, 21 April 2006 15:58 |
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"Irma Troll" <troll [at] troll.com> wrote in message
news:4448abd2_2 [at] x-privat.org...
> On what grounds? The Bank of England's remit was changed many years ago to
> target inflation (I think it's a 2.5% target). Above that and rates have
> to go up.
The target is 2% with a 0.5% leeway either side (1.5% - 2.5%).
But with inflation at 1.8% there is still a lot of room for manoeuvre. I
cannot see, from this point, how interest rates can possibly rise past 4.5%
for the rest of the year. Not including house prices in the figure has
arguably caused the house price spike however.
---
Sam
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| Re: House Prices Crash [message #382942 ] |
Fr, 21 April 2006 16:30 |
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Sam Smith wrote:
> "Irma Troll" <troll [at] troll.com> wrote in message
> news:4448abd2_2 [at] x-privat.org...
>> On what grounds? The Bank of England's remit was changed many years ago to
>> target inflation (I think it's a 2.5% target). Above that and rates have
>> to go up.
>
> The target is 2% with a 0.5% leeway either side (1.5% - 2.5%).
>
> But with inflation at 1.8% there is still a lot of room for manoeuvre. I
> cannot see, from this point, how interest rates can possibly rise past 4.5%
> for the rest of the year. Not including house prices in the figure has
> arguably caused the house price spike however.
>
> ---
> Sam
RPI is 2.4%
Irma
Inviato da X-Privat.Org - Registrazione gratuita http://www.x-privat.org/join.php
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| Re: House Prices Crash [message #382943 ] |
Fr, 21 April 2006 16:34 |
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> > "Irma Troll" wrote
> >> On what grounds? The Bank of England's
> >> remit was changed many years ago to
> >> target inflation (I think it's a 2.5% target).
> >> Above that and rates have to go up.
> >
> Sam Smith wrote:
> > The target is 2% with a 0.5% leeway either side (1.5% - 2.5%).
> >
> > But with inflation at 1.8% there is still a lot of room for manoeuvre...
>
"Irma Troll" wrote
> RPI is 2.4%
What's that got to do with anything?
BoE don't track RPI anymore...
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| Re: House Prices Crash [message #382951 ] |
Fr, 21 April 2006 18:08 |
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"Irma Troll" <troll [at] troll.com> wrote in message
news:4448ec86_2 [at] x-privat.org...
> RPI is 2.4%
Which doesn't effect the BOE decision. Interest rates are low and look to
stay low for the foreseeable future.
---
Sam
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| Re: House Prices Crash [message #382958 ] |
Fr, 21 April 2006 19:42 |
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"Irma Troll" <troll [at] troll.com> wrote in message
news:4448abd2_2 [at] x-privat.org...
>>> What? General inflation is rising, and likely to go higher still with
>>> this Govts excessive and wasteful spending. Crude hitting 70 Dollars a
>>> barrel will also add to the pressure. I'd say we're in for a few
>>> increases in i rates
>>
>> Well you'd be wrong, if anything they are likely to drop.
>
> On what grounds? The Bank of England's remit was changed many years ago to
> target inflation (I think it's a 2.5% target). Above that and rates have
> to go up.
> Irma
>
On the grounds that inflation is falling, contrary to your beliefs. Check
the news.
http://news.bbc.co.uk/1/hi/business/4925662.stm
Note the 6th para
"The unexpectedly large fall in inflation is likely to increase calls for
the Bank of England to reduce interest rates."
You may disagree that inflation is falling, and you may be correct, but the
BOE is measured against the published rate and not your beliefs or even
experience :-)
I had to laugh at the 5th para which starts;
"Thursday's figures came as a surprise to economists...."
IME, most things do.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: House Prices Crash [message #382961 ] |
Fr, 21 April 2006 20:11 |
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Tim wrote:
>>> "Irma Troll" wrote
>>>> On what grounds? The Bank of England's
>>>> remit was changed many years ago to
>>>> target inflation (I think it's a 2.5% target).
>>>> Above that and rates have to go up.
>> Sam Smith wrote:
>>> The target is 2% with a 0.5% leeway either side (1.5% - 2.5%).
>>>
>>> But with inflation at 1.8% there is still a lot of room for manoeuvre...
> "Irma Troll" wrote
>> RPI is 2.4%
>
> What's that got to do with anything?
> BoE don't track RPI anymore...
What the bank track is not the whole point - it's what the market thinks
or does. With the Govt having to finance it's massive debt through the
sale of gilts, this will undoubtedly put upward pressure on long term
rates, regardless of bank action. If you can't see the point, just look
back at when the Govt (via the BoE) tried to play God with Sterling and
the resulting ERM fiasco - meaning that the market sets rates, NOT the BoE.
Irma
Inviato da X-Privat.Org - Registrazione gratuita http://www.x-privat.org/join.php
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| Re: House Prices Crash [message #382963 ] |
Fr, 21 April 2006 20:55 |
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"Irma Troll" <troll [at] troll.com> wrote in message
news:4449206a_2 [at] x-privat.org...
> Tim wrote:
>>>> "Irma Troll" wrote
>>>>> On what grounds? The Bank of England's
>>>>> remit was changed many years ago to
>>>>> target inflation (I think it's a 2.5% target).
>>>>> Above that and rates have to go up.
>>> Sam Smith wrote:
>>>> The target is 2% with a 0.5% leeway either side (1.5% - 2.5%).
>>>>
>>>> But with inflation at 1.8% there is still a lot of room for
>>>> manoeuvre...
>> "Irma Troll" wrote
>>> RPI is 2.4%
>>
>> What's that got to do with anything?
>> BoE don't track RPI anymore...
>
> What the bank track is not the whole point - it's what the market thinks
> or does. With the Govt having to finance it's massive debt through the
> sale of gilts, this will undoubtedly put upward pressure on long term
> rates, regardless of bank action. If you can't see the point, just look
> back at when the Govt (via the BoE) tried to play God with Sterling and
> the resulting ERM fiasco - meaning that the market sets rates, NOT the
> BoE.
>
That was in a time when the govt set rates,and also tried to keep Sterling
at a certain rate v the dollar. All that is *long* gone. And contrary to
your expectations, what the market thinks is "the bank is driven by the CPI,
the CPI is falling, therefore rates will fall" .
Just go read the financial pages rather than dreaming up your own version
(up to 25 years old re who set rates and what was tracked) of what will
happen. Everyone (except you it seems) expects rates not to rise, and
probably to fall slightly.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: House Prices Crash [message #382971 ] |
Fr, 21 April 2006 23:28 |
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Tumbleweed wrote:
> happen. Everyone (except you it seems) expects rates not to rise, and
> probably to fall slightly.
You're getting the point now - the market never moves with the consensus
view.
Irma
Inviato da X-Privat.Org - Registrazione gratuita http://www.x-privat.org/join.php
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| Re: House Prices Crash [message #382972 ] |
Fr, 21 April 2006 23:38 |
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"Irma Troll" <troll [at] troll.com> wrote in message
news:44494e84_3 [at] x-privat.org...
> Tumbleweed wrote:
>
>> happen. Everyone (except you it seems) expects rates not to rise, and
>> probably to fall slightly.
>
>
> You're getting the point now - the market never moves with the consensus
> view.
You aren't. The Market *is* the consensus view.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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