Nationwide HPI: Dec 09 Down 2.5%

zcacmxi

Nationwide HPI is out for Dec 08. Showing 2.5% fall in Dec 08, therefore total fall in 2008 is 15.9%

http://news.bbc.co.uk/1/hi/business/7812108.stm

drbeat

This will upset mitchaa...HAHAHAHAH!!!!!

Cat695

drbeat wrote: »

This will upset mitchaa...HAHAHAHAH!!!!!

NOOOO he'll change his mind now and us the LR figures

Snooze

zcacmxi wrote: »

Nationwide HPI is out for Dec 08. Showing 2.5% fall in Dec 08, therefore total fall in 2008 is 15.9%

http://news.bbc.co.uk/1/hi/business/7812108.stm

Ahhh, the "green shoots of recovery" ! :rotfl:

Rob

Generali

Falls continue unchecked, at least those being financed using Nationwide mortgages. Unless there are large numbers of people paying cash that are prepared to pay more than people using Nationwide mortgages I think it is safe to assume that house prices are still falling.

Snooze wrote: »

Ahhh, the "green shoots of recovery" ! :rotfl:

Rob

I think they were stomped on by the welly boot of harsh reality.

ad9898_3

More great news against the gloomy back drop of the economy, the quicker we hit the bottom the better in the long run, can you imagine an economy where people don't have to spend most of their money on mortgage debt ?, are able to spend 'real' money in the shops instead og bending the plastic, are able to choose to spend more time with friends and family instead of couples both being forced to work, whilst their child/children languish in childcare 12 hours a day.

Like I say, great news for the economy and society as a whole in the medium to long term.

Generali

ad9898 wrote: »

More great news against the gloomy back drop of the economy, the quicker we hit the bottom the better in the long run, can you imagine an economy where people don't have to spend most of their money on mortgage debt ?, are able to spend 'real' money in the shops instead og bending the plastic, are able to choose to spend more time with friends and family instead of couples both being forced to work, whilst their child/children languish in childcare 12 hours a day.

Like I say, great news for the economy and society as a whole in the medium to long term.

The adjustment is going to be mighty painful. Hopefully some good will come of it although I have my doubts.

skap7309

ad9898 wrote: »

More great news against the gloomy back drop of the economy, the quicker we hit the bottom the better in the long run, can you imagine an economy where people don't have to spend most of their money on mortgage debt ?, are able to spend 'real' money in the shops instead og bending the plastic, are able to choose to spend more time with friends and family instead of couples both being forced to work, whilst their child/children languish in childcare 12 hours a day.

Like I say, great news for the economy and society as a whole in the medium to long term.

Spot on. Only wish is that the government and media realise this is the harsh reality of it rather than 'look how much our houses are worth'. The sad fact is Labour would have us working 15 hours a day if they could so they can rake in all that lovely taxation, so understandably these are very bad times for them.

EDIT - Would love to know Mitchaa's choice of statistic from now on. :D Surely LR as Nationwide was never realistic anyway....;)

ad9898_3

Generali wrote: »

The adjustment is going to be mighty painful. Hopefully some good will come of it although I have my doubts.

Short term it's going to be very tough I agree, unfortunately governments only work in the short term, it's even worse with Brown, as his main priority is getting re-elected and he only has till May 2010 to do it, this is the reason for the ridiculous debt burden he is heaping on us, (12 billion VAT cut, and I challenge anyone who spent over Christmas if they actually noticed).

Snooze

Generali wrote: »

The adjustment is going to be mighty painful. Hopefully some good will come of it although I have my doubts.

I can't see any good coming from it, unless you consider 95% taxes "good" when the Tories get back in in 2010 and start reeling back in all Labour's hand-outs.

Rob

mystic_trev

drbeat wrote: »

This will upset mitchaa...HAHAHAHAH!!!!!

Why does he always remind me of this?

http://uk.youtube.com/watch?v=zKhEw7nD9C4