Halifax -2.6% in November

mitchaa

Good god, still some dreamers:rolleyes:

Nationwide now at £158k
Halifax now at £163k

So Halifax still needs to drop another 3% to make their stats meaningful in relation to the Nationwide.

I wonder if the 2 lenders are trying to get their stats meaningful and relative to 1 another I mean how do you explain that 1 lender states house prices dropped by 0.4% and the other 2.6%.....Where is the credibility in either?

Simple answer is they are bridging the gap, some people just cant see;)

My guess is still average of £145k, nothing changed. Certainly no-where near sub £100k like some lunatics are predicting

Lotus-eater

stevetodd wrote: »

I think we all know prices are going to fall to at least 35% (38% would be my guess) from the top, it's what happens when they get to that level that I think is more significant. Bigger falls at the moment IMO just means we will get to the bottom a little quicker I don't think it particularly means the bottom wil be further down.

Sentiment, sentiment, sentiment

Bigs falls = very worried little people running around with their arms in the air.

Really2

Lotus-eater wrote: »

Sentiment, sentiment, sentiment

Bigs falls = very worried little people running around with their arms in the air.

I take it the -0.4% nationwide had you doing the same then.;)

If i was going to buy a house I would use the nationwide, you pay less for it..:D

StevieJ

Generali wrote: »

Month on month figures are just noise really IMO - the impact of silly things like 4 or 5 weekends in the month or the weather can be huge. Year on year figures tell the story.

Haliwide and LR both have their own strengths and weaknesses.

I wouldn't bother, they are on a feeding frenzy :eek:

Lotus-eater

Really2 wrote: »

I take it the -0.4% nationwide had you doing the same then.;)

If i was going to buy a house I would use the nationwide, you pay less for it..:D

Most of the people I know don't view boards like this, most of them would be bored by it. They watch the tv, read papers, get all their bad news like that, without much thinking ahead.
Most of them thought this would be a short run thing, "just a blip" I heard quite alot.
I think this fall and others like it, will make a difference in the long run. But as always we wait and see

stevetodd

Lotus-eater wrote: »

Sentiment, sentiment, sentiment

Bigs falls = very worried little people running around with their arms in the air.

Can't remember who said it but the quote was "when people get greedy I get worried, but when people get worried I get greedy" We are getting nearer the time when being greedy will pay off in the long run, about another year IMO, obviously in the last years was NOT the time to get greedy

StevieJ

stevetodd wrote: »

Can't remember who said it but the quote was "when people get greedy I get worried, but when people get worried I get greedy" We are getting nearer the time when being greedy will pay off in the long run, about another year IMO, obviously in the last years was NOT the time to get greedy

Sounds Like Warren B to me.

MrDT

ad44downey wrote: »

House prices continue to fall like a stone


TIMBER!!!!

Sorry but that tickled me :rotfl:

Lotus-eater

stevetodd wrote: »

Can't remember who said it but the quote was "when people get greedy I get worried, but when people get worried I get greedy" We are getting nearer the time when being greedy will pay off in the long run, about another year IMO, obviously in the last years was NOT the time to get greedy

Quite.

A time to have been doing what you thought was right, not what every other bloke seemed to be doing.

Generali

StevieJ wrote: »

Sounds Like Warren B to me.

His best quotes are written by Mark Twain!

A good mate of mine works for him and meets him once a year. The first time they were due to meet he was asked, "What would be the loss to the company if New York and Miami were both destroyed entirely in a day". My mate didn't know so only met Wozza the following year.