Nationwide HPI: Dec 09 Down 2.5%

SingleSue

Ah I must have had my taking notice head on that day when you posted

adr0ck

there are lots of investors and buy to let landlords who are going to make a lot of money from this crash

(in the same way as there will be lots and lots who lost a lot of money)

Generali

If we've stopped baiting mitchaa (at least until the Halifax numbers come out) I've one for the conspiracy fans.

The seasonal adjustment reduces the fall in the value of our mythical average house from 3.4% to 2.5% for the month. Given the collapse in the number of houses being sold it is very possible that things like the seasonal adjustment have broken down entirely. Of course the inaccuracy is as likely to be on the upside as the down.

The other conspiracy is have you ever noticed how much like GW Bush the Aussie cricket Captain looks? Is it coincidence that once the election was lost, the Aussie cricket team lost 2 test series in a row? I think not!

WTF?_2

drbeat wrote: »

So how did he make any then? Remember his sig "Yes I have made money on this HPC"?

Maybe he should change it to "I might still be able to come out ahead if I'm quick".

mitchaa

I have actually admitted my area has fallen 7% in the year and im still getting grief I didn't actually need to post that info up and open up the defence barrier

If i were a greedy man, i should have sold this time last year and saved that 7%, but really, penny by penny is not important to me otherwise i would have done so. I have a home to live in and my landlord isn't going to kick me out. The positive in my situation is i am still up, yes on paper before you start by a fraction just over 10%.

Financial head on says sell asap, sensible head due to young family, says stay put.

I'm not a greedy person, i have no intention of selling up to cash in otherwise i would have done so 6mths ago or so when i first witnessed prices were dropping.

Generali

TBH I think that 2 threads that have become devoted to kicking mitchaa is pretty close to bullying if not actually bullying. Play nice guys!

mitchaa

!!!!!!? wrote: »

Maybe he should change it to "I might still be able to come out ahead if I'm quick".

My post after yours explains and i do agree with you, bail out now before things get worse.

The only people that would suffer would be my wife and child due to a stressful move into rented.

What's the point, i've got plenty of time to make my riches, another 50+yrs in front of me yet.

poppy10_2

mitchaa wrote: »

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.

Fair enough. I was getting you confused with your buddy. Humble apologies

penguine

You and your family have a home you can afford, I think you really should stop worrying about whether you've made any money on it as an "investment" or not.

stephen163

mitchaa wrote: »

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.

Mitchaa - did you get to the post survey approval stage in Q1 or Q2?