Halifax -2.6% in November

dopester

!!!!!!? wrote: »

If I can fix longer term with these mad rates I'll be quids in when inflation hits.

:rolleyes: :rolleyes: :rolleyes:

Sweet inflation. Go on then. There can never be deflation. They won't allow it will they. :rolleyes:

dopester

Just to be clear !!!!!!.. I'm not attacking you personally or your expectations.

I've probably read many of the news articles you have in recent weeks, with some eminent minds calling for the printing presses.

If I was forceful above, it wasn't to attack you personally.. but simply the certainty you seem to have in inflation and the printing-press being a near absolute certainty.

I wouldn't want to see you (or I for that matter) take on considerable debt when the continuing forcing on the economy may bring a deflationary outcome, which makes all debt a lot heavier to deal with.

ManAtHome

dopester wrote: »

I wouldn't want to see you (or I for that matter) take on considerable debt when the continuing forcing on the economy may bring a deflationary outcome

Do you think that will be general or just "shiny stuff" deflation?

I suspect we may get "essentials" inflation rising with reported inflation going down as Plasma tellies are dropping like flies whilst cheese sarnies are going up (Cheese and Plasma Index, or Ravioli and Plasma if you prefer). Maybe a bit of debt to buy those pallets of baked beans could pay off..?

Dunno about wage inflation (which makes taking on debt a better idea) - either troosers continues increasing state handouts which we can't afford or something's gonna give (unless I'm wrong about the "essentials" inflation).

Really2

I think I have found out why the Halifax average price is higher and why falls are quicker.

look at the London info compared to the rest of the country.
It looks like it is contributing a lot to the average falls.(perhaps Halifax has more london exposure BTl etc?)
This info is only the 3rd quarter.

London -16.6 YOY
http://www.hbosplc.com/economy/includes/17_10_08UK.doc

Also london has had the highest price growth in flats and maisonets the propertys that are falling the most.
Dragging the rest of us down with you.:rolleyes:

Lotus-eater

Were you up all night working on that?

Kenny4315

ad9898 wrote: »

Did you know house prices are 10000% higher than when man first walked the earth.

Can you define the term man ...... are we talking about Homo Sapiens, or a species prior to that in the evolutionary chain .... got to get these things right just in case MR Clown and Hs Darling are listening in and trying to get some positive news.

Also does this figure take into account the effects of inflationary pressure, or is it in real terms ??

Don't forget houses in pre-historic times also were subject to less regulations from central governments which meant buildings were no doubt cheaper to construct .... ie no minimum wage, no building control inspectors, etc. :j

The term WALK needs also to be clarrified as this point in time is subject to great debate amongst evolutionary guru's.

Hope that this is not too much trouble .... byyeeeeeee !:D

Really2

Lotus-eater wrote: »

Were you up all night working on that?

No it just came to me this morning and then it stook out like jordans chest when I looked at the data.:p

Kenny4315

ad44downey wrote: »

House prices continue to fall like a stone


TIMBER!!!!

Surely that's wood not stone !!

This should either read

1. House prices continue to fall like a tree

TIMBER !!!!

2. House prices continue to fall like a stone

ROCK !!!!

:rotfl: :rotfl: :rotfl:

dopester

Really2 wrote: »

Dragging the rest of us down with you.:rolleyes:

Greater London:
Quarterly Change = -7.0%
Annual Change = -16.5%
--

• Prices are lower than a year ago in all regions but there are significant variations, ranging from -6% in Scotland to -23% in Northern Ireland.

• All regions have recorded at least a doubling in house prices over the past decade, varying from a high of 177% in Northern Ireland to a low of 120% in Scotland.

Really2

dopester wrote: »

Greater London:
Quarterly Change = -7.0%
Annual Change = -16.5%
--

I am in a less the -10% area.(But i think we started before most so hopefully stop a bit earlier too.)

Now if you don't mind could you stop effecting the average price of my house.;)
PS any falls in london "due to the price of the property" almost count as double for the rest of the UK.