It shouldn’t really be a surprise the cost of EVERYTHING has gone up (including building materials) and there is still a catastrophic shortage of housing, exacerbated by planning bureaucracy, over zealous planning departments who often don’t enforce contraventions, but do object to new developments regardless of need, buy to let, buy to airbnb let, rental firms hoovering up everything in-between as an investment and NIMBYism blocking development on even brownfield sites.
Supply and demand. We have no housing supply and demand is through the roof due to the massive population which is rising by the day…
this is a psychology tactic Called “framing effect” from nationwide.
Here’s the actual headline within the article:
> On an annual basis property prices fell by 3.3% in October, compared with a 5.3% drop in September, Nationwide said.
I still reckon flat price will tank given what some of them are asking in additional to exuberant service charges which basically add up to owning a house. Lol.
I didn’t even dig into everything but what type properties are nationwide suggestion? Because the more expensive houses > £600k could be what’s tipping prices up no?
We could be scavenging for food in the midst of a nuclear winter, houses would still be increasing in value. Our housing market is fucked.
House prices will never be allowed to significantly fall because anyone who has bought in the last few years would be fucked. All the investors who run the country would be fucked. And all the MPs with second and third homes would lose out.
The ideal realistic scenario would be a house price plateau for a few years whilst wages continue to go up. But that would mean investors still lose out relative to inflation so don’t be surprised to see some form of policy aimed at getting the bubble growing again.
“Surprise” — Yes, such a surprise. All that propaganda / research from the banks and institutions saying there would be a decline. They’re lying or they’re stupid.
Seems unlike. Nothing around me is selling, and the prices are being reduced regularly.
The headline is wrong, it’s just misleading people.
> “While some buyers are able to accept higher mortgage payments, helping to prop up house prices, their number is dwindling as shown by the drop in mortgage approvals in September,” Pattison said.
hardly surprising, was bound to increase at some point. sometimes i think these articles are written by coked up 18 year old graduates.
[removed]
I don’t know about anyone else but I’ve decided to sacrifice my 20’s, save and hope for the best 🤷
You might want to look into the methodology and figure a few things out before just accepting that headline…
is it that surprising when we still don’t build enough houses for demand?
The headline is not true. This video will explain better than I can if you want to understand why. [https://www.youtube.com/watch?v=-fAb2mk-kKc](https://www.youtube.com/watch?v=-fAb2mk-kKc)
15 comments
It shouldn’t really be a surprise the cost of EVERYTHING has gone up (including building materials) and there is still a catastrophic shortage of housing, exacerbated by planning bureaucracy, over zealous planning departments who often don’t enforce contraventions, but do object to new developments regardless of need, buy to let, buy to airbnb let, rental firms hoovering up everything in-between as an investment and NIMBYism blocking development on even brownfield sites.
Supply and demand. We have no housing supply and demand is through the roof due to the massive population which is rising by the day…
this is a psychology tactic Called “framing effect” from nationwide.
Here’s the actual headline within the article:
> On an annual basis property prices fell by 3.3% in October, compared with a 5.3% drop in September, Nationwide said.
I still reckon flat price will tank given what some of them are asking in additional to exuberant service charges which basically add up to owning a house. Lol.
I didn’t even dig into everything but what type properties are nationwide suggestion? Because the more expensive houses > £600k could be what’s tipping prices up no?
We could be scavenging for food in the midst of a nuclear winter, houses would still be increasing in value. Our housing market is fucked.
House prices will never be allowed to significantly fall because anyone who has bought in the last few years would be fucked. All the investors who run the country would be fucked. And all the MPs with second and third homes would lose out.
The ideal realistic scenario would be a house price plateau for a few years whilst wages continue to go up. But that would mean investors still lose out relative to inflation so don’t be surprised to see some form of policy aimed at getting the bubble growing again.
“Surprise” — Yes, such a surprise. All that propaganda / research from the banks and institutions saying there would be a decline. They’re lying or they’re stupid.
Seems unlike. Nothing around me is selling, and the prices are being reduced regularly.
The headline is wrong, it’s just misleading people.
> “While some buyers are able to accept higher mortgage payments, helping to prop up house prices, their number is dwindling as shown by the drop in mortgage approvals in September,” Pattison said.
hardly surprising, was bound to increase at some point. sometimes i think these articles are written by coked up 18 year old graduates.
[removed]
I don’t know about anyone else but I’ve decided to sacrifice my 20’s, save and hope for the best 🤷
You might want to look into the methodology and figure a few things out before just accepting that headline…
is it that surprising when we still don’t build enough houses for demand?
The headline is not true. This video will explain better than I can if you want to understand why. [https://www.youtube.com/watch?v=-fAb2mk-kKc](https://www.youtube.com/watch?v=-fAb2mk-kKc)