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Debate House Prices


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Halifax: House prices down -2.3% MoM, 17.7% YoY, 19.68% from peak.

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Comments

  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    stevetodd wrote: »
    But mine doesn't cost anything, do you not pay any rent? I don't worry about ownership, why should I? I love where I live I even refused an offer 20% over market value for my house


    Starting to sound desperate.... Are you trying to convince us or yourself?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    lol - that's another 10% to go still.

    i hope you're all able to buy an average house - actually what is an average house!?

    chill Steve don't bite... :)
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    More like 20-25% to go still... Remember, it always overshoots, and boy, is this going to be the mother of all overshoots.

    The economy is !!!!ed.
  • ultra10
    ultra10 Posts: 379 Forumite
    Where is Dan ?? :confused: :rotfl: I am Just Loving this Doom & Gloom around the Property market !!! :)
  • stevetodd
    stevetodd Posts: 1,016 Forumite
    mbga9pgf wrote: »
    Starting to sound desperate.... Are you trying to convince us or yourself?

    LOL How am I desperate? Please explain
  • mitchaa
    mitchaa Posts: 4,487 Forumite
    Let's put this into perspective before we get carried away with ourselves here;)

    Nov 08 - £163,605
    Dec 08 - £159,896
    Jan 09 - £163,966
    Feb 09 - £160,327

    http://www.housepricecrash.co.uk/indices-halifax-national.php

    So cries of losses of £3k this month, what about last months gains of over £4k?:confused:

    Looking at the above figures, prices now are still higher than they were back in December more than 2 months ago now. So really, prices have still not fallen at all in 2009:rotfl:

    2 down 10 to go i suppose.

    £160,327/£199,770 x 100 = 19.74% down from peak. So still a long way off the 50/60/70% most of you are predicting:p
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    geoffky wrote: »
    GREEN SHOOTS..WHERE ARE THEY?...




    the average home lost ~£3,700 in one month...:rotfl::rotfl::rotfl:

    On the other hand -0.4% over two months :D maybe not even that.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • stevetodd
    stevetodd Posts: 1,016 Forumite
    mbga9pgf wrote: »
    More like 20-25% to go still... Remember, it always overshoots, and boy, is this going to be the mother of all overshoots.

    The economy is !!!!ed.

    Excellent, I hope you are correct, overshoots are great, it means much more profit when buying near the bottom

    ps still waiting to hear why I am desperate
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    Mitch, its obviously the spring bounce mate, you better go out and buy another house, they dont make land any more you know!!!!

    Face facts, these figures are terrible. Next months figures will be terrible, as will the month after that, and the month after that, until we push straight through decent affordability levels, as the whole market overcorrects.

    I Cant flippin wait.
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    StevieJ wrote: »
    On the other hand -0.4% over two months :D maybe not even that.

    Hows the 'turd polishing business' going Steve.:D
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