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Debate House Prices
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Average House will loose 26k in 2008 !!!
Comments
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May not be dropping as fast as they appear though...
Over the last month, oil has dropped around $10 a barrel (from $125 to $115), or 60p (£63.45 to £62.84) as the pound has dropped from $1.97 to $1.83. So the Mercans had close to a 9% drop, we only had a 1% drop.
Very true but oil and the rest only have to stand still to remove the biggest drivers of RPI over the lst twelve months.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Not sure about that either - increases over the last year have massively increased company input prices (raw materials, power etc). A lot of this has been absorbed while hoping the 'credit crunch' was just a blip - could be a longer winter than expected.0
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I agree whole- heartedly
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We could all help the fuel problem by burning our PC tables. My Hubs built mine from a wardrobe.0
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justpurchased wrote: »Thats fine,
But your analysis is flawed as you can not set an average to be fact only to give an YOY an estimation. So you estimate the average house will lose that the fact at the moment is that it is 10.5%.YOY. If you wanted to estimate a year you would use full YOY figures. In the current market it basicly a pure guess, but your last 4 months could be from +1 to -2% per month and no one could realy argue any different.
Anything could show as the transactions are so low in vloume.
So where are you Mr "JustPurchased" :rolleyes: .. Another Poster who came & went just as Fast !!! My Estimate in August proved to be on the Conservative side :beer:0 -
So where are you Mr "JustPurchased" :rolleyes: .. Another Poster who came & went just as Fast !!! My Estimate in August proved to be on the Conservative side :beer:
And I was also conservative, with my interest rate drop of up to 2%
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Yes, mister "Just-ifyingmy-Purchase" where are you these days?0
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HPC now back to 2004 levels. How soon before we're partying 'like it's 1999'? I bought in 1988, so I don't suppose we'll get there...or will we!0
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Yes, mister "Just-ifyingmy-Purchase" where are you these days?
That was probably DD having you on.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
No Link because i've extrapolated this myself, according to Nationwides figures the break-down so far in 2008 is as follows ..
Aug drop = £4662 :eek:
July drop = £3099
June drop = £1168
May drop = £4972
Apr drop= £555
Mar drop= £248
Feb drop= £1115
Jan drop= £1607
Total so far £ 17426 divided by 8 months is an average drop of £2178 per month....
£2178 x 12 = £ 26139 is my analysis flawed, but as we are only just entering Recession I can't imagine anyone thinking property prices will bottom out by Christmas time !!! Also note the losses for the last 4 months as opposed to the first 4 months of 2008 !!! ... an indication of how great the total losses are going to be !!!! HUGE !!!
Your analysis is flawed on a few reasons, however, who lives in an average house?
I don't.
Each area is different and each property will be affected differently from th eUK average :wall::wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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