Halifax December Figures -2.2%

Cat695

brit1234 wrote: »

Or if you are a former maths teacher turned buy to let slumlord with 900+ properties in Kent thats about a £300,000+ loss in one month. :rotfl:

Well thankfully I only need one house and thats for me and my mototrbike

motorbike and I just incase the grammar squad are about

mitchaa

Cat695 wrote: »

Mitchaa I want to thank you for making me actually laugh...brilliant;)

And I've been married twice so NOTHING could be that hard

Jesus I'm still laughing

As long as you're roomed in 1 of the new Z block accomodation types with your own en-suite you'll be okay, but having seen some of the worst types of military accomodation, like i said nothing to shout home about;)

Sharing the same ablutions as 20 other pis*ed up squaddies over the weekend can be, put nicely, a health and safety hazard:rotfl:

However, its the perfect time to be living like that, and with virtually no rent/bills to pay, it should work out well for you in the long run.

Cat695

mitchaa wrote: »

As long as you're roomed in 1 of the new Z block accomodation types with your own en-suite you'll be okay, but having seen some of the worst types of military accomodation, like i said nothing to shout home about;)

Sharing the same ablutions as 20 other pis*ed up squaddies over the weekend can be, put nicely, a health and safety hazard:rotfl:

However, its the perfect time to be living like that, and with virtually no rent/bills to pay, it should work out well for you in the long run.

I'm one of the lucky ones I live in a one bed house.....oh the joys of rank

carolt

The Guardian reports that:

"The latest Halifax numbers mean that the average price of £159,900 is a fifth lower than it was at the peak of the housing market bubble in the autumn of 2007."

http://www.guardian.co.uk/business/2009/jan/02/halifax-house-prices

Anyone got the precise figures for percentage fall from peak, just so I can enjoy?

16% down in 1 year, c.20% down (?) from peak....... what great news for all priced-out FTB's!

For those looking to buy, don't forget that:

"The monthly fall brings the average price of a UK home down to £159,896, a level last seen in August 2004."

Off to look at local Aug '04 figures to see what things would have cost me then......

chucky

carolt wrote: »

The Guardian reports that:

"The latest Halifax numbers mean that the average price of £159,900 is a fifth lower than it was at the peak of the housing market bubble in the autumn of 2007."

http://www.guardian.co.uk/business/2009/jan/02/halifax-house-prices

Anyone got the precise figures for percentage fall from peak, just so I can enjoy?

16% down in 1 year, c.20% down (?) from peak....... what great news for all priced-out FTB's!

For those looking to buy, don't forget that:

"The monthly fall brings the average price of a UK home down to £159,896, a level last seen in August 2004."

Off to look at local Aug '04 figures to see what things would have cost me then......

have you looked at the % drops for your local area?

MiserlyMartin

luvpump wrote: »

:eek: .. The is Just under £900 a WEEK !!!!!!

But house prices only ever go up the figures can't be true!

Is Kirsty going to eat her hat now?

Prices in Hertfordshire have not gone down at all according to a friend of mine.

Cat695

chucky wrote: »

have you looked at the % drops for your local area?

Just looked at mine 12.9%

JonnyBravo

mitchaa wrote: »

http://news.bbc.co.uk/1/hi/business/7807724.stm

Average cost of a home now currently stands at £159,896

Cant believe i beat the usual crowd to it

Pay out time.
Kerrr-ching.

:T Thanks again kennyboy66. :T

kennyboy66 wrote: »

Ladbrokes are betting 5/6 that prices will fall by 10% this year based on the Halifax HBOS Standardised Quarterly Average House Price.

I'm hoping we will be more than 1/2 way there by the time of the Q2 survey.

With only 3 lots of thanks for your initial post it would seem lots of the people who were "certain" this house price decline was going to happen and knew exactly when it was going to happen missed out on the chance of easy money. Did none of the people shouting that 30% was certain etc really not get on??

As an aside, and also as a genuine question, is this part of the risk averse nature that has seen some people hold off buying for so long?
Of course those who haven't bought in the last couple of years have made a financially astute decision in the main, I'm not de-crying that.... simply interested in why in a forum, where I think we all agree the majority of posters are better informed than the average, lots of people weren't so certain as to risk some money on this.

Is it linked to being so financially risk averse as to be, ironically, putting themselves at risk of only buying on the up-slope of house prices.... whenever that arrives, and I agree it may be a long time away.

(IMO the best time to buy is so close to the bottom as not to matter but still on the down slope so that sentiment is negative thereby increasing the "strength of your hand" come negotiation time).

If people were so certain this was going to happen why didn't they bet? Of course it's all much easier with hindsight but sometimes you just have to put your money where your mouth is.

MiserlyMartin

carolt wrote: »

The Guardian reports that:
For those looking to buy, don't forget that:

"The monthly fall brings the average price of a UK home down to £159,896, a level last seen in August 2004."

Off to look at local Aug '04 figures to see what things would have cost me then......

Why would anyone be looking to buy, don't get too excited... this sucker has a long way to go yet.

JonnyBravo wrote: »

If people were so certain this was going to happen why didn't they bet? Of course it's all much easier with hindsight but sometimes you just have to put your money where your mouth is.

People did that by not buying when prices were a 'one way bet' and everybody considered them mad not to get on the ladder. 'Renting is dead money you know'. And the sell to renters also. I never thought about going to a bookies though as well.

StevieJ

Cat695 wrote: »

now wheres steveJ when I need him

I hate to say I told you so but over 15%

You mean Halifax mortgage approvals or actual house prices? e.g. LR or FT?