We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

House Prices Still Showing +ve YOY Growth

mitchaa
mitchaa Posts: 4,487 Forumite
in Debate House Prices & the Economy
It's official;)

http://news.bbc.co.uk/1/hi/business/7528618.stm

Where is this crash may i ask? Sod what Nationwide and Halifax are saying. We still have a 0.1% YOY growth;)
«13

Comments

  • Ivan_Konstantinov
    Ivan_Konstantinov Posts: 493 Forumite
    is that taking general inflation into account?
  • carolt
    carolt Posts: 8,531 Forumite
    Ivan_Konstantinov wrote: »
    is that taking general inflation into account?

    No..............
  • mitchaa
    mitchaa Posts: 4,487 Forumite
    Nope, obviously in reality houses have dropped.

    That, and the fact that the LR figures are always lagging behind masks the truth.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Well that makes me wrong. IIRC at the start of the year I said that LR would be showing YoY falls by June. Looks like I was a month out.
  • BTLNEWbie_3
    BTLNEWbie_3 Posts: 117 Forumite
    carolt wrote: »
    No..............

    You can feel the panic jumping from the screen.:rotfl:
  • carolt
    carolt Posts: 8,531 Forumite
    BTLNEWbie wrote: »
    You can feel the panic jumping from the screen.:rotfl:

    Why? :confused:

    I'm hardly going to panic at house prices falling in real terms...

    You on the other hand...:rotfl:
  • carolt
    carolt Posts: 8,531 Forumite
    mitchaa wrote: »
    Nope, obviously in reality houses have dropped.

    That, and the fact that the LR figures are always lagging behind masks the truth.

    Absolutely agree, but it does make your initial headline a touch misleading, does it not? :rolleyes:
  • m00m00
    m00m00 Posts: 1,755 Forumite
    nope, there's no problem with the thread title. It's factually correct

    nominal yoy + , real terms -
    It's a health benefit ...
  • carolt
    carolt Posts: 8,531 Forumite
    Yes, it is factually correct - but not really the point. The fact that in real terms, anyone thinking of investing in property would have been better off leaving the money in the building society account, is surely the point.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    I don't think that this is going to be a point worth arguing next month as it'll almost certainly be -ve YoY in real and nominal terms.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture