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disagree, cheap credit is just enabling people to keep up, nudging people along. demand is strong becauses a shortfall of some couple hundred thousand homes, when we build a few dozen each year. most people dont move (or rather dont *need* to move) so can potentially sit on higher rates for...

while state has certainly interfered, its obvious and well known the long term state is still going to be upward. demand is strong and we dont build much, prices are never going to go down substantially or level long term until that is addressed.

yes i do, while you seem to have very little. look at it practically, if someone took out a mortgage in 2006 on a rate of 6.5% and are now on 2.5%, they will a great deal spare cash. im not naive to think they would all be dilligently paying down every pound spare, but they might have done...

only 40%? i'm surprised by that, would have thought it be higher. suppose theres a difference between those that want/need to move and those that just put the property on the market to see what happens. or estate agents are being more honest and realistic with inital prices (we dropped 5k and...

or just highlighted how much you can get in rents compared to the cheap mortgages. and consider one could move from a more expensive city flat to a cheap suburb or another town.

sort of the point. though one might say the current headline numbers are a fraction of those at the peak. so just how are the "mortgages advanced" numbers distorted? in the past 2-3 years we might have a 50%* drop in total mortgages advnaced but only say 20% drop in advances for new...

fortuitously i have kept the paper, Evening Standard from lat Friday. says rises were "annual pace of 8.1% during the past thress months". not sure if they mean year on year for Q4 or annualised from rises over those three months. cites Your Move as the source, though i wonder if they use...

general concensus from the financial journalists i read on the day of the inflation figures was that there's little chance of a rate rise. although the inflation is above target, the pressure is external, so raising rates wouldnt change anything. also, dont really understand why, but widely...

so net lending is going down, but people havent been making overpayments on the mortgage? so which of these factors have changed since 2009?

what was the 2007 and 2010 mortgage lending stripping out re-mortgages and equity release? because i read somewhere that with this discounted, the lending is actually only down a fraction. i.e. the lending market was over blown with people cashing in on price rises.

but that wasnt what Chesserolls was saying. he is pointing out that there are different market forces at work in the US housing market. it is not the same as the UK: indeed the UK market is different between regions and postcodes. The UK hasnt follwed the US because its not the same conditions.

the markets are also taking into account good news which some seemed determined to ignore: higher than expected growth, increased manufacturing output (in the UK and US, not just China), increased employment (320k new jobs), highest manufacturing recruitment for a decade, earnings across the UK...

firstly, are you really taking the mail seriously as a source? secondly, where do these ideas of "affordability" come from? its relative isnt it, to your income and to where you live. and what exactly is wrong with having to save for 4 or 5 years, since when did this become a breach of human...

growth and low interest rates? if you can get funding, you dont need to pay much for it. private equity buying up lots of company stock, QE has moved money from bonds to shares too. isnt it also a simple outlook that recovery follows recession?

problem with the graph is, you can only apply it retrospectivly. we could for instance be in the bear trap point of a much longer trend. if you follow the site its sourced from, it thinks we've been in this cycle since the 1970's. as true as that might be, we've had three housing bubbles in...

if highlighting the site is obviously inaccurate is overreating, so be it. how can you know the price reductions are real, since the accuracy of the site is shown to be so poor?

quick and dirty? over half the properties on the first page on the link provided arent even in Brighton, and i believe only one is actually in BN1. how can one trust the valuation if the country or town isnt even corrrect? grossly inaccurate and distorted would be a better description.

its hardly nitpicking when a source is so riddled with false data. past the obvious Rottingdean and foreign listings, a couple more properties picked out are from Crawley and Haywards Heath. not exactly a representation of values in BN1 then. as a data source its evidently unreliable and...

and where do you get 470 lemons from? firstly, i would question the quality of the source data when number 2 on the list is not even a Brighton property. secondly, from page 7 they show 10% drops in prices - is that normal or unnormal? where is the background to compare to? the hundreds...

you've refered to that site before. it doesnt really show much, other than highlight some lemons in the market and some that have been overvalued. just because an individual asking price was £167k doesnt mean its dropping to £135k is a reflection of the wider market. a house unsold for over a...