Nationwide HPI: Dec 09 Down 2.5%

beecher

mitchaa wrote: »

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.

Your signature personalises the debate, and you've admitted you like trolling to get a reaction - usually with personal anecdotes about how much money you have. It is bound to wind people up, and bring out the schadenfreude lurking in us all.

dad-of-4

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.

no couple is forced to work while their child languishes in child care, its a choice some choose to make, to have the life they desire. people choose to persue material gains at the expence of time with family and friends, they're not forced to do it.

if anyone who lives that life, feels forced, then more fool them for building their life that way and living it. if they built it and realised it wasnt their desire, more fool them for not changing it.

theirs no birth right to the good life, their is no guarantee of anything. the only compulsion in this land is lawabidance & childhood education. the rest we make with our own hands with the tools this country provides. their is nobody to blame but our selves if we dont find what were looking for, satisfy our desires, and reach our aspirations.

mr.broderick

ad44downey wrote: »

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

Must admit i am only going to be able to have 6 sausages now instead of 8 at breakfast now my house has dropped 2.5%.

mr.broderick

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.

How do i get this whopper on ignore, he's going to be the 1st casualty of mr.b's mse forum membership.

mitchaa

stephen163 wrote: »

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.

Think about it, dont dive in.

drbeat

stephen163 wrote: »

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.

I suppose it depends on what he actually paid - or borrowed - in June 2007.

mitchaa

mr.broderick wrote: »

How do i get this whopper on ignore, he's going to be the 1st casualty of mr.b's mse forum membership.

Then you'll miss out on all the fun.

I like being controversial, no point in agreeing with everything everyone else states is there.

Some people are different

SingleSue

stephen163 wrote: »

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.

I think he explained it before, something along the lines of when he offered (@ £139k) it was accepted but by the time it went through, the market had increased but he still bought for the £139k so he enjoyed HPI whilst going through the purchase process.

Or something like that anyway....

mitchaa

drbeat wrote: »

I suppose it depends on what he actually paid - or borrowed - in June 2007.

Its not hard to work out why i use Q1 figures.

mitchaa

SingleSue wrote: »

I think he explained it before, something along the lines of when he offered (@ £139k) it was accepted but by the time it went through, the market had increased but he still bought for the £139k so he enjoyed HPI whilst going through the purchase process.

Or something like that anyway....

Got it in 1, agreed early on in Q1, there were a few hold ups along the way which meant i purchased in Q2 but agreed on sale price in Q1.

The sellers shot themselves in the foot, as Aberdeenshire in that time rose well.