• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Boomed

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    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.

    #2
    '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.

    Comment


      #3
      The future is habitable Wheelie bins
      The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

      But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

      Comment


        #4
        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.
        Insanity: repeating the same actions, but expecting different results.
        threadeds website, and here's my blog.

        Comment


          #5
          "It's all different now" - the four most dangerous words in investing.

          Comment


            #6
            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 !!!

            Comment


              #7
              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.

              I'm alright Jack

              Comment


                #8
                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.

                Comment

                Working...
                X