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Debate House Prices


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House prices fall 1.8% in feb

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Comments

  • ad44downey
    ad44downey Posts: 2,246 Forumite
    formulaonefan wrote: »
    House prices have fallen 1.8% according to nationwide.

    http://news.bbc.co.uk/1/hi/business/7911735.stm

    I wonder what halifax are going to report this time. Last month they said house prices rose by 1%. Lets see.
    Wow! House price falls are actualy accelerating.

    It's that time of the month again. Fionnuala Earley, Nationwide BS Chief Economist:

    "House prices may be falling like a stone but they're still 250% than they were during World War I" :rotfl:
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    ultra10 wrote: »
    Where is Dan ?? :confused:;)
    Making chucky's breakfast.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • mike_the_bike_2
    mike_the_bike_2 Posts: 437 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    TDS wrote: »
    Halifax added that "curiosity" in the market was growing.

    Huzzah!

    Don't forget....."Curiosity killed the cat"
    The Early bird may catch the worm ...but its the second mouse that gets all the cheese!
  • overlander
    overlander Posts: 276 Forumite
    Steady as she goes, another 2 years of this and houses might look correctly priced.
  • Time2Go_25
    Time2Go_25 Posts: 997 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Bf109 wrote: »
    Anyone who bought a house in the last 5 years has lost money.

    I don't think so.
  • Bf109
    Bf109 Posts: 634 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    pdel61 wrote: »
    I don't think so.

    Thats nice.
    [FONT=Arial, Helvetica, sans-serif]Rise like Lions after slumber
    In unvanquishable number -
    Shake your chains to earth like dew
    Which in sleep had fallen on you -
    Ye are many - they are few.    [/FONT]
  • MrDT
    MrDT Posts: 951 Forumite
    I was honestly expecting the YoY drop to be far less dramatic once we started comparing against what was already a sharply declining market a year ago. I was expecting some levelling out of the gradient on the famous graph around October 2008ish. I was wrong.

    TIMBER! (House prices still falling like a stone ;))

    Mortgage free by 40? At this rate I'll be 30 :D
  • SingleSue
    SingleSue Posts: 11,718 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Bf109 wrote: »
    Prices back to April 2004.

    Anyone who bought a house in the last 5 years has lost money.

    Not quite, I did some research for another thread on here a couple of days ago (for my area only) and the upshot of it was that a few property types were dipping below 2003 levels but for the most part, the rest were still at or around 2006 prices, some were even nearer to 2007 prices (terraced houses).

    Our peak was in March 2008....they are the ones in deep doo doo now.

    We like to do things differently here anyway, last recession we were late to peak, slow to start falling (and then dropped like a stone) and then didn't pick up until way after most other parts of the country had.
    We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
    Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    pdel61 wrote: »
    I don't think so.

    If they 'perceived' to have gotten wealthier over the last 5 years, then indeed, it works both ways, in there own minds they will have lost money. Whether they admit it or not is an entirely different matter.
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    SingleSue wrote: »
    Not quite, I did some research for another thread on here a couple of days ago (for my area only) and the upshot of it was that a few properties were dipping below 2003 levels but for the most part, the rest were still at or around 2006 prices, some were even nearer to 2007 prices.

    Exactly Sue, but have these houses sold at 2006 levels ??, or do the vendors just 'think' that's what they are worth.
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