Nationwide HPI: Dec 09 Down 2.5%

poppy10_2

mitchaa wrote: »

let us not forget about the 18mths of rental i would have forked out in that time also had i not had bought (18x£1200 = £21,600)

Let's also not forget about the interest on the £250,000 you paid - 18x£1200=£21,600

neverdespairgirl

Generali wrote: »

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

Or eaten by the flatulent cows of recession?

mitchaa

skap7309 wrote: »

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

Nothing wrong with Nationwides data, was better than i expected actually.

I will however base the house price falls from the official LR, they will update themselves in time and i am still very confident of my 25% down LR.

Nationwide and Halifax only account for a 1/4 of the market, so any pitfalls by using the LR far outweigh the use of these figures.

Only guidelines my friend, as proven with regional data

I will say 1 thing though, thank the Lord im not from across the water in that country they call N.Ireland:rotfl: I think its them lot that are to balme for our 16% down figures

34%:eek:

mitchaa

poppy10 wrote: »

Let's also not forget about the interest on the £250,000 you paid - 18x£1200=£21,600

And about the £10k or so ive wiped from my mortgage balance, along with my initial deposit.

Im still a million miles away from negative equity.

And yes i really did buy June 2007, just 18mths ago, when all this started.

beecher

mitchaa wrote: »

And about the £10k or so ive wiped from my mortgage balance, along with my initial deposit.

Im still a million miles away from negative equity.

And yes i really did buy June 2007, just 18mths ago, when all this started.

I think the problem mitchaa is that you tend to personalise this whole debate. Just because you aren't in negative equity at the moment, doesn't mean that average house prices won't end up at 2001 rates!

mitchaa

poppy10 wrote: »

The point is, he was trying to claim that Aberdenshire was immune to the HPC, it's different here etc. In fact, as we all knew, Scotland was simply lagging the rest of the UK, as it always does- prices in Aberdeenshire only started falling from Q2 this year. A drop of 16% in Aberdeenshire, matching the UK figure, would take prices to below when he bought.

Now now, has it really came to this

Please back up your claims where i have stated Aberdeenshire was immune, go on, i dare you to find that post, as it does not exist and never has existed.

It's the argument people use when they have been proven wrong, they just make things up.

For your info, Aberdeenshire house prices peaked in Q4 2007 with a figure of £166,476.

They have been falling all year, not from Q2 2008 as you incorrectly state.

Please try harder next time.

Yes they have fallen by a 'massive' 7% on the year, but this will only have affected me had i bought Q4 2007.

So you'll have to put up with my positive signature for another 3 months:D

mitchaa

beecher wrote: »

I think the problem mitchaa is that you tend to personalise this whole debate. Just because you aren't in negative equity at the moment, doesn't mean that average house prices won't end up at 2001 rates!

It only gets personalised when certain people have a dig, just look at the first few posts of this thread, i do not get involved, people involve me, then i defend myself.

You are correct, Aberdeen is a tiny part of the UK, doesn't even add upto 1% of the UK's population so has little or no bearing on national figures.

ad44downey

A 2.5% crash in a single month

It's a whopper

There must be alot of very greedy people getting seriously worried right now

JonnyBravo

mitchaa wrote: »

I will however base the house price falls from the official LR, they will update themselves in time and i am still very confident of my 25% down LR.

Nationwide and Halifax only account for a 1/4 of the market, so any pitfalls by using the LR far outweigh the use of these figures.

A flawed argument I'm afraid mitchaa..... (much as I enjoy your battle against the more "fringe elements")

If the 25% sample (eg Haliwide) is more representative of the whole picture then it can be more accurate than an 80% sample with a bias (eg one excluding repossessions and auctions)

Sorry fella.

stephen163

Mitchaa, if you bought in June 2007 then surely you should be using Q2 2007 as the starting point.

Aberdeenshire and Moray
Q2 2007 - £153,553
Q4 2008 - £154,988

For Aberdeen city, it's much worse!
You are just crossing the break even point into negative equity.