UK House Prices.

MasterOfCoin

Experienced member
1,228 478
Average UK house prices soared by 10.2% in the year to March, the highest annual growth rate for 14 years, according to official figures.
The Office for National Statistics said average prices rose by £24,000 to £256,000 - a new record high.

Hargreaves Lansdown analyst Sarah Coles warned the market risked overheating.
"We're back to the kind of double-figure house price rises we saw in the heady days before the financial crisis [of 2008]," the analyst said.

And we all know how that played out.

:unsure:
 

counter_violent

Legendary member
11,266 3,005
Average UK house prices soared by 10.2% in the year to March, the highest annual growth rate for 14 years, according to official figures.
The Office for National Statistics said average prices rose by £24,000 to £256,000 - a new record high.

Hargreaves Lansdown analyst Sarah Coles warned the market risked overheating.
"We're back to the kind of double-figure house price rises we saw in the heady days before the financial crisis [of 2008]," the analyst said.

And we all know how that played out.

:unsure:
Ah ! The benefits of Brexit are many and varied. (y) :)
 

new_trader

Legendary member
6,665 1,489
The 'things' that will crash this decade are fiat currencies.


1621489054486.png
 
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tomorton

Legendary member
8,396 1,338
I was a bit surprised to find the excellent ONS do actually use "average" when reporting on house price levels and changes. I had assumed this was lazy journalism and what the news people meant was median house price not average house price.

An average house price is only useful if there is such a thing as an average house. Its like average income or average hair colour - sounds useful but means nothing.
 

MasterOfCoin

Experienced member
1,228 478
I was a bit surprised to find the excellent ONS do actually use "average" when reporting on house price levels and changes. I had assumed this was lazy journalism and what the news people meant was median house price not average house price.

An average house price is only useful if there is such a thing as an average house. Its like average income or average hair colour - sounds useful but means nothing.
Well...

It means people delude themselves into feeling richer, even though they aren't.

After all, they're hardly going to sell-up and live in a cardboard box to realize the gain.

:unsure:
 
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IceThor

Active member
111 27
I am currently selling my house and not buying another for a year or two......is it wrong that I want the market to crash in the middle of that timescale?
 

MasterOfCoin

Experienced member
1,228 478
I am currently selling my house and not buying another for a year or two......is it wrong that I want the market to crash in the middle of that timescale?
Not at all.

And if the current Government Policy cliff-edge is anything to go by, you may well get your wish, soon enough.

Ergo.
''Lets dish out loads of 95% mortgages to folks who can barely afford near zero percent interest''

That'll work out just great when real inflation kicks in and the base rate gets hiked.

😁
 

tomorton

Legendary member
8,396 1,338
I am currently selling my house and not buying another for a year or two......is it wrong that I want the market to crash in the middle of that timescale?
Have no fears on this. You can wish and wish and wish for something but that still won't make it happen. So if prices crash, you won't be to blame.

Of course, people will still hate you just for being so smart.
 
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Atilla

Legendary member
19,818 3,091
I am currently selling my house and not buying another for a year or two......is it wrong that I want the market to crash in the middle of that timescale?
It is not wrong to wish for anything as long as you don't follow up your wish by building zillion of houses to cause the crash.

In the UK there is supply shortage so you can wish all you want, it'll only mean you are pissing up your wish against a brick wall. Exercise caution on how high you try to pee.
 

new_trader

Legendary member
6,665 1,489
Average UK house prices soared by 10.2% in the year to March, the highest annual growth rate for 14 years, according to official figures.
The Office for National Statistics said average prices rose by £24,000 to £256,000 - a new record high.


Hargreaves Lansdown analyst Sarah Coles warned the market risked overheating.
"We're back to the kind of double-figure house price rises we saw in the heady days before the financial crisis [of 2008]," the analyst said.

And we all know how that played out.

:unsure:

£256,000 ≈ 192 oz. t of fine gold (999.9)

I am going on record to say that within this decade the average house price in the U.K will be less than 100 oz. t of fine gold (999.9).

I'd say within this decade around 70 oz. t of fine gold (999.9) will buy you an average house in the U.K. :cool:

1621666511058.png
 
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IceThor

Active member
111 27
It is not wrong to wish for anything as long as you don't follow up your wish by building zillion of houses to cause the crash.

In the UK there is supply shortage so you can wish all you want, it'll only mean you are pissing up your wish against a brick wall. Exercise caution on how high you try to pee.
Yeah tbh I am just going to do what I am going to do anyway. If it works out like this bonus, if not then I am prepared anyway.
 
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timsk

Legendary member
7,598 2,374
Mrs. timsk and I put our rental cottage (aka our pension) on the market last Tuesday. By the end of play Friday we had 16 viewings booked - one of which is a 2nd viewing. We're selling because we know that in 'normal' times it's a very difficult property to sell - for reasons I won't bore you with. Assuming we do get a buyer, we'll then be left with the 1st world 'problem' of what to do with the money. I'm tempted to play IceThor's game, but I'm worried about rampant inflation kicking in and even if/when there is a crash, property prices (although lower in real terms) will make the proceeds of our sale look like chump change. So, any suggestions from the great and the good on here would be much appreciated!
Tim.
 

MasterOfCoin

Experienced member
1,228 478
Mrs. timsk and I put our rental cottage (aka our pension) on the market last Tuesday. By the end of play Friday we had 16 viewings booked - one of which is a 2nd viewing. We're selling because we know that in 'normal' times it's a very difficult property to sell - for reasons I won't bore you with. Assuming we do get a buyer, we'll then be left with the 1st world 'problem' of what to do with the money. I'm tempted to play IceThor's game, but I'm worried about rampant inflation kicking in and even if/when there is a crash, property prices (although lower in real terms) will make the proceeds of our sale look like chump change. So, any suggestions from the great and the good on here would be much appreciated!
Tim.
Wishing you the very best in selling at what will likely be the top of the market, unless the Government further extends the cliff edge rapidly approaching. There's going to be the mother-of-all depressions when all this plays out and the magic money tree withers.

As you rightly surmise, the problem becomes what to do with the money before it becomes worthless. Or put more correctly, preserving wealth.

I'll happily mull over a range of ideas, suggestions and strategies in an appropriate 'Wealth Preserving Investments' thread, if that's the kind of thing you had in mind. It may well be a useful exercise to explore the options available.

Always with the caveat of course that nothing posted here is financial advice, merely opinion for entertainment, and posters are almost certainly not registered financial advisers and may very well have vested interests in their 'recommendations'.

We would have to see how many would contribute to the discussions. This is primarily a forum of traders rather than investors (not that the two things are exclusive, just that the most frequent* posters seem to comprise of FX and Index traders, more than stock or commodity investors). *Excepting that is, the complete lunatics locked in their own little asylums spewing endless drivel day and night. Which is free entertainment in itself.

Would certainly like to see more wealth management content being actively contributed.

:)
 
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timsk

Legendary member
7,598 2,374
I'll happily mull over a range of ideas, suggestions and strategies in an appropriate 'Wealth Preserving Investments' thread, if that's the kind of thing you had in mind. It may well be a useful exercise to explore the options available.

Always with the caveat of course that nothing posted here is financial advice, merely opinion for entertainment, and posters are almost certainly not registered financial advisers and may very well have vested interests in their 'recommendations'.
Thanks MOC.
Yes, I'd be very interested in your thoughts - and point taken about investment advice.
Tim.
 
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1nvest

Well-known member
308 109
Wishing you the very best in selling at what will likely be the top of the market, unless the Government further extends the cliff edge rapidly approaching. There's going to be the mother-of-all depressions when all this plays out and the magic money tree withers.

As you rightly surmise, the problem becomes what to do with the money before it becomes worthless. Or put more correctly, preserving wealth.

I'll happily mull over a range of ideas, suggestions and strategies in an appropriate 'Wealth Preserving Investments' thread, if that's the kind of thing you had in mind. It may well be a useful exercise to explore the options available.

Always with the caveat of course that nothing posted here is financial advice, merely opinion for entertainment, and posters are almost certainly not registered financial advisers and may very well have vested interests in their 'recommendations'.

We would have to see how many would contribute to the discussions. This is primarily a forum of traders rather than investors (not that the two things are exclusive, just that the most frequent* posters seem to comprise of FX and Index traders, more than stock or commodity investors). *Excepting that is, the complete lunatics locked in their own little asylums spewing endless drivel day and night. Which is free entertainment in itself.

Would certainly like to see more wealth management content being actively contributed.

:)
I'd second that, its what im currently doing for a few
 
 
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