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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

  • geoffky
    geoffky Posts: 6,835 Forumite
    stevetodd wrote: »
    Prices would have to fall a total of about 90% for negative equity to reach me and yes I have enough deposit to buy the 3 houses that I want to.

    But just like you I am waiting to buy, except I am going to buy at least 3 houses, nowhere near desperate try again

    for me that is chicken feed...:rotfl::rotfl::rotfl::rotfl:
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    House Price Crash Cancellation Cancelled!!![/bruno]
    poppy10
  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    01032009617.jpg

    From http://forums.moneysavingexpert.com/showthread.html?t=1526521
    poppy10
  • stevetodd
    stevetodd Posts: 1,016 Forumite
    geoffky wrote: »
    for me that is chicken feed...:rotfl::rotfl::rotfl::rotfl:

    I am afraid then that you too must be desperate by a strange twist those better of are the desperate ones, which unfortubately makes you worse off, sorry to be the bearer of bad news
  • stevetodd
    stevetodd Posts: 1,016 Forumite
    geoffky wrote: »
    for me that is chicken feed...:rotfl::rotfl::rotfl::rotfl:

    I am trying to come up with a multiplier that reduces my £675k purchase to 'chicken feed' would it be out of lne to say 20 fold?

    So when are you going to buy your £12.9M home?
  • geoffky
    geoffky Posts: 6,835 Forumite
    stevetodd wrote: »
    I am trying to come up with a multiplier that reduces my £675k purchase to 'chicken feed' would it be out of lne to say 20 fold?

    So when are you going to buy your £12.9M home?

    In six months time with one of these republic of Britain pound notes they are printing..:rotfl:,
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • stevetodd
    stevetodd Posts: 1,016 Forumite
    geoffky wrote: »
    In six months time with one of these republic of Britain pound notes they are printing..:rotfl:,

    ahh so I got the multiplier correct then, a good guess by me, and in what location is this £12.9M prospective home?
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    Did they go up last month?:confused:
  • motch
    motch Posts: 429 Forumite
    Do halifax (or others) take into account any house extentions / loft conversions added between sales?
  • GDB2222
    GDB2222 Posts: 26,571 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    motch wrote: »
    Do halifax (or others) take into account any house extentions / loft conversions added between sales?

    No. it's a bit crude, but the average price figures reflect home improvements. So, comparing prices with the 1930's, bear in mind that the average house these days is much better equipped and carpets etc are probably included in the price..
    No reliance should be placed on the above! Absolutely none, do you hear?
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