Nationwide Nov08: -0.4% Mom, -13.9% Yoy

steadysaver

mitchaa wrote: »

Haha, not what the MSE door mongers were hoping for this morning;)

The average home lost £430 in the last month:rotfl: What about the £1000 rent you lot have just wasted:p

50% drops my ar*e. We are still not at 15% with this latest rise:D

A drop in price is still a drop in price, no matter how much you try and tart it up.

wintersunshine

drbeat wrote: »

I wonder how many Woollies, MFI and/or DSG employees they are that have now shelved the idea of getting a mortgage?

And plenty of them will have mortgages and will be happy in knowledge that the government will cover their mortgage interest and their homes won't be repossessed. Thus, the housing market may not fall in the same way it did in the 1990's, don't you think?

mitchaa

drbeat wrote: »

I wonder how many DSG employees they are that have now shelved the idea of getting a mortgage?

You know something we dont?

mitchaa

steadysaver wrote: »

A drop in price is still a drop in price, no matter how much you try and tart it up.

Yes agree, but if the drops remain constant from now on in, none of us will be around long enough to see the bottom that some are predicting.

wintersunshine

kennyboy66 wrote: »

I'm sorry Generali, that is just bull****. She has had 12 years without working, presumably 6 of those years have seen both kids at school, but is still "under-educated".
There has been no end of help available for people to improve their skills in the last 10 years, and whilst people probably learn more in a work environment, in her apparent circumstances she really could have done anything she wanted.

You are usually right about elements of the benefits trap, but some people seem unable to help themselves. Perhaps not as bright as she seems.

Generali I personally know people with severe learning difficulties who have found work in the North of England over the last few years. I find it hard to believe that someone couldn't have found a job if they had wanted one. Sorry.

steadysaver

mitchaa wrote: »

Yes agree, but if the drops remain constant from now on in, none of us will be around long enough to see the bottom that some are predicting.

That being the case house values would just run asymptotically toward a nil value but never quite make it. Maybe trading for a pack of Haribo and a large apple.

At some point though house prices will make sense again and people will buy. And start the whole crazy cycle off again, as people fail to learn from past mistakes.

House prices will rise again, eventually... maybe. But not today.

Conrad

drbeat wrote: »

I wonder how many Woollies, MFI and/or DSG employees they are that have now shelved the idea of getting a mortgage?

Meanwhile...........
I wonder how many Wilkinsons, Lidl, Aldi and online retailers are taking staff on

The realist assimilates ALL the evidence
The pessimist brain on the other hand is a sublime filter

drbeat

mitchaa wrote: »

You know something we dont?

http://www.google.com/hostednews/ukpress/article/ALeqM5j3pq9V4t1YaQvgPR6IHXXE5-SuoA

Conrad

steadysaver wrote: »

At some point though house prices will make sense again and people will buy. .

Its getting cheaper to own than rent, and for many that will be sufficient cause. Not everyone is that concerned with buying at the absolute bottom.

drbeat

Conrad wrote: »

Meanwhile...........
I wonder how many Wilkinsons, Lidl, Aldi and online retailers are taking staff on

The realist assimilates ALL the evidence
The pessimist brain on the other hand is a sublime filter

Well my friend is a Store Manager for Wilkos and yeah they're taking on the odd Pole here and there but the recruitment drives of the past are now in the...well...past.

Can't comment on the others though!

A realist wouldn't work for MFI or Woolies! Now a fantasist...hmm...Mortgage Advisor, Estate Agent, Economic Advisor for Nationwide, the Labour Govt etc etc etc?