Latest House Prices Statistical Release

thegibdog

ess0two wrote: »

Good for you.........seems others here have been renting for many years though.
You cant pour scorn on someone just because they decided to buy,as to what the OP original comment infered.

That's fair enough. But equally you can't pour scorn on somebody who suggests doing a bit of research before making one of the biggest decisions of their lives.

bluey890

my mortgage interest payment plus depreciation is approx the same as what it would cost me to rent. factoring everything in.

ess0two

thegibdog wrote: »

That's fair enough. But equally you can't pour scorn on somebody who suggests doing a bit of research before making one of the biggest decisions of their lives.

I aint.......but i dont need the web to map my path in life.

mitchaa

bendix wrote: »

You are like the emperor who still believes he is wearing a fine new suit. I suspect that you bought at the top of the market and no matter what evidence you see around, you cling to your own belief, like a Victorian archbishop believing in creationism.

Halifax do NOT say prices have increased in 2009. They say they rose in January, and then fell substantially more in February. A £100,000 house which rose 1.9% in January and fell 2.3% in February is now worth £99,556.

http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=480143&in_page_id=57

I'm still intrigued what makes your house and road so special as to be magically bucking a worldwide slump in house prices.

Please explain the table here then smart ar*e;)

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

Look at Feb 09 figures and then compare them to Dec 08 figures, in fact here you go..

Dec 08 = £159,896
Jan 09 = £163,966
Feb 09 = £160,327

Between Dec and Jan house prices rose by 2.55%, between Jan and Feb they fell by 2.2%

Either way the figures on the halifax website are showing February 09 to be higher than that of Dec 08....TRUE OR FALSE??

http://www.hbosplc.com/economy/includes/02_01_09HousePriceIndexDecember2008.pdf
http://www.lloydsbankinggroup.com/media/pdfs/halifax/HousePriceIndexFebruary2009.pdf

Argue black is white til the cows come home, these 2 links above show the halifax indicator is higher now than what it was 3mths ago.

No i am not saying house prices are rising, i am just saying that 09 has not got off to a good start for you bulls with that rogue January month;)

As to your last point, You surely know what the word average means? If not, some places will fall hard, some not so hard, it really is that simple:rolleyes:

mitchaa

Cannon_Fodder wrote: »

I thought we had covered this...
ct
Index 520.6 in December, 518.9 in February.
Price £160,861 in December, £160,327 in February.

Ok, Jan was a unexpected +ve, but don't let it cloud the facts.

The figures get revised, you have to look at the latest PDF not keep each one as though it is set in stone...

http://www.lloydsbankinggroup.com/media/pdfs/halifax/HousePriceIndexFebruary2009.pdf

Direct from Halifax website, i couldn't find the link on the lloyds site for december..

Dec 08... http://www.hbosplc.com/economy/includes/02_01_09HousePriceIndexDecember2008.pdf

Whatever version you choose to believe the difference is minimal either way, you are speaking of 0.3% either way

mitchaa

spinning_hamster_wheel wrote: »

Do you honestly believe if you put your house on the market today you would make a profit? I have relatives in aberdeenshire and according to them, houses aren't exactly selling like hot cakes.

Plus, I don't 'get' your signature, you don't make money from buying a house and sitting in it believing that prices are going up, you make money by selling for more than you paid.

Likewise, you are not making money renting and waiting on house price falls.

THE WHOLE POINT OF MY SIGNATURE, it catches a few fishies;) (Sig data is factual btw, not made up)

Yes i do believe if i sold right at this minute that i would not find myself in negative equity. Houses are not selling as quick, but they are selling. Aberdeen for sale prices just aint budging, you only have to look at the ASPC website for evidence of this along with all the housing data from the likes of Nationwide and the Rosea (Scotland LR)

They are falling i have never said they were not. Just not at the rate of some other areas.

Graham_Devon wrote: »

I've got nothing against mitcha, but looking forward to seeing the sig saying "yes, I have lost money in this HPC".

Will probably just get deleted though. I couldn't take the humiliation!

My signature will remain in place even if Q1 09 data falls below Q1 07 data, just to show you the rate of my fall;)

I'll then add another twist if and when it does so.

Bets on, is my signature going to show negative when Nationwide release their data next week:D

themanbearpig wrote: »

What's wishful thinking is you still believing that your house is worth more than you paid for it. Complete delusion.

I have evidence stating that it will.

What do you have stating that it wont?

Some people can be so bitter. As before, some places are falling a lot harder than others. Aberdeen clearly isn't doing too bad.

Cat695

Mitchaa why do you do this to yourself??

House prices are dropping its as simple as that.....there is NO CHANCE of recovery whilst a reccession is happening.

All the evidence points to house prices continuing to drop for awhile yet. And if you think otherwise than you are as deluded as the people that only think house prices only ever do up.

whether they drop 0.5% or 10% a month....they are dropping and there is NOTHING anyone can do about it. Not even Crash Gorden and his misterons.

Cat695

mitchaa wrote: »

My signature will remain in place even if Q1 09 data falls below Q1 07 data, just to show you the rate of my fall;)

I'll then add another twist if and when it does so.

Bets on, is my signature going to show negative when Nationwide release their data next week

Who cares its not us that are losing money.

mitchaa

Cat695 wrote: »

Mitchaa why do you do this to yourself??

House prices are dropping its as simple as that.....there is NO CHANCE of recovery whilst a reccession is happening.

All the evidence points to house prices continuing to drop for awhile yet. And if you think otherwise than you are as deluded as the people that only think house prices only ever do up.

whether they drop 0.5% or 10% a month....they are dropping and there is NOTHING anyone can do about it. Not even Crash Gorden and his misterons.

Howdy, i had a lot to get through:D

I have never once stated that house prices are not falling.

The argument here is when will they stop falling, i believe some point this year like many major lenders, (see other thread) so why am i delusional if im agreeing with the 'experts';)

Cat695 wrote: »

Who cares its not us that are losing money.

Not me either, i could be paying a £1200pm mortgage as it is at the moment or £1350pm in rental for the same property. I am on a fixed rate, so no tracker funny business, it's cheaper for me to pay my mortgage than it is to rent. Anyone that knows the Aberdeen rental market will tell you the same.

Have a go yourself... (search for a 4bed detached home in Aberdeen suburbs) You will find £1350 at the cheaper end of the scale.

http://www.aspc.co.uk/Search/HomesForLease/index.html

Oh and 1 other thing, just to back up my claims that Aberdeenshire is doing fairly well...Scotlands LR confirms....(along with Nationwide in my sig)

http://www.ros.gov.uk/pdfs/2009_02_tables.pdf

Delusional..... hmmmmm, i just clearly make factual black and white evidence up

Cat695

mitchaa wrote: »

Howdy, i had a lot to get through:D

I have never once stated that house prices are not falling.

The argument here is when will it stop falling, i believe some point this year like many major lenders, so why am i delusional if im agreeing with the 'experts'

Is that the same experts that got us into this mess by any chance?