nationwide down 1.9%

WTF?_2

poppy10 wrote: »

Around 18% from peak (1989) to trough (1995). Although as someone has already pointed out, there was high inflation during this time, which masked the magnitude of the falls in real terms.

Using Nationwide's 'real house prices' data, prices fell 37% peak to trough adjusted for inflation.

There's high inflation now too - the ridiculous CPI measure was invented to hide the true rate of price increases. If we measured inflation using the same methods and metrics as the 80s/90s I'd be willing to bet that it'd be running closer to 10% or even above.

mewbie_2

!!!!!!? wrote: »

There's high inflation now too - the ridiculous CPI measure was invented to hide the true rate of price increases. If we measured inflation using the same methods and metrics as the 80s/90s I'd be willing to bet that it'd be running closer to 10% or even above.

That's price inflation though. I suspect wage inflation is a whole lot lower than back then? So we get squeezed from all sides.

mitchaa

ad44downey wrote: »

It's a bit like saying house prices in Iraq or Afghanistan jumped 15% last year. It hardly matters as it's not as though there's a flood or people looking to live in Scotland or Iraq.

Good god:rolleyes:

Tell you what, who has a better quality of life??

A Scots family earning 2x £35k or a London family earning 2 x £50k

Scots family live in a 4bed detached home, front and back gardens in a quiet rural area. London family living in a poxy 1-2 bed flat living above a chip shop....Believable or not?

Every 2nd person being a foreigner etc etc, can go on and on.

Is that the best you can do, Scotland = Iraq:rolleyes:

Head out your ar*e me thinks

Additionaly....

-1% in Inverness and -19% in Plymouth gives an average of -10%. However the -10% figure is completely useless and irrelevant as its far from being the truth in both areas. This is what is happening with nationwides figures, it's wrong to generalise a whole country, a breakdown of individual regions is what to take note of

mewbie_2

mitchaa wrote: »

Every 2nd person being a foreigner...

Without wishing to give offence, honestly, but they're all bl**dy foreigners in Scotland. From where I'm comng from, obviously.

mitchaa

Speaking about native tongue, Scots still speak English No really

fatpig_2

mitchaa wrote: »

Good god:rolleyes:

Tell you what, who has a better quality of life??

A Scots family earning 2x £35k or a London family earning 2 x £50k

Scots family live in a 4bed detached home, front and back gardens in a quiet rural area. London family living in a poxy 1-2 bed flat living above a chip shop....Believable or not?

Every 2nd person being a foreigner etc etc, can go on and on.

Is that the best you can do, Scotland = Iraq:rolleyes:

Head out your ar*e me thinks

Additionaly....

-1% in Inverness and -19% in Plymouth gives an average of -10%. However the -10% figure is completely useless and irrelevant as its far from being the truth in both areas. This is what is happening with nationwides figures, it's wrong to generalise a whole country, a breakdown of individual regions is what to take note of

A very Bitter Jock. You have one seriously big chip on your shoulder. Please behave yourself.

mitchaa

dopester wrote: »

She lives in Aberdeen, as does Iveseenthelight, and both think Aberdeen is immune to a serious crash.

Certainly not immune but it will probably be the city out of the whole of the UK that will fair the best. Wages are inflated with the industry and housing is still relatively affordable. In comparison to London, wages are inflated but housing is not affordable at any level.

Crystal ball predictions would put Aberdeen and its surrounding areas at -10% from it's peak. Glasgow/Edinburgh around -20% and England in general around -33%. Some areas 40%, some 25%

N.Ireland will fall the hardest for sure.

Im only 1 person with 1 opinion though, nobody really knows, it's all guesswork but so far it's a pretty good bet.

mitchaa

fatpig wrote: »

A very Bitter Jock. You have one seriously big chip on your shoulder. Please behave yourself.

Not at all, only moved back to Scotland last year after 7yrs in the south. Had a great time, met my partner in London, and will move back there again at some point in the future. N.Yorks not London;)

I just get fed up of 'silly' people saying every homeowner in the UK lost £4500 last month, and £4500 the month before and so on and believing it's true, how naive:rolleyes:

Simply stating this is far from being true. No chip on shoulder, was just replying to the Iraq=Scotland dig.

fatpig_2

better food and weather in Baghdad than Glasgow IMHO

mitchaa

fatpig wrote: »

better food and weather in Baghdad than Glasgow IMHO

You missed out people and housing in there too;)