Nationwide - up 0.9% MoM

pickles110564

ad9898 wrote: »

Just out, up 0.9%, round up, round up, the bull run is on.:D

Quick Broders inform your carolt puppet that it had better jump in for fear of missing out again.:rotfl:

Wookster

wolfman wrote: »

Is it 15.7%?

17.6% - 0.9% ??

Anyway, Dan's prediction seem most feasible. I reckon it may run a quarter into 2010.

Not sure how they calculate 15.7%... it doesn't seem right.

mizzbiz

Can I ask a question or two?

1. Why is it bad that house prices are falling as opposed to rising?
2. What benefit comes to the majority for house prices continuing to rise as opposed to stagnating or declining?
3. Why, (really2), is it unlikely that they will still have huge falls, despite real historical evidence that uch circumstances are possible, indeed likely?

I feel like I am missing something! I think house prices should fall as much as possible, for the benefit of everyone. I also think they will do so, as my post above demonstrates.

(And before you start calling me for renting, I actually own my own house!)

FoxtonsRIP

pickles110564 wrote: »

Quick Broders inform your carolt puppet that it had better jump in for fear of missing out again.:rotfl:

Please pickles. You always seen intent on lowering the tone of the debate. Thank you.

Really2

mizzbiz wrote: »

3. Why, (really2), is it unlikely that they will still have huge falls, despite real historical evidence that uch circumstances are possible, indeed likely?

Because prices would have to fall 3% a month every month to be larger than last years falls for the rest of this year.

I predicted 30% so I still think they have around 10% to go first quarter 2010 looks likely.

Am I celebrating? or are you just upset by the figures.

How can 70% falls be for the good of everyone. the country would be down the pan.

Price falls are good for FTBers (I hope some purchase during this crash)
but until housing stablizes confidence will be low in the general economy whic is a very bad thing.
If FTB's lose their jobs they will never buy a house:(

Kenny4315

When you go down in the woods today ..... your in for a big suprise .... a 0.9% increase .... todays the day the teddy BEARS don't have their picnic. :rotfl: :rotfl: :rotfl:

Kenny4315

Dan: wrote: »

I've just made 1.8K before breakfast. :rotfl:

Haven't had breakfast yet, might go back to bed and just let the cash roll in ...... :rotfl: :rotfl:

mizzbiz

Really2 wrote: »

Because prices would have to fall 3% a month every month to be larger than last years falls for the rest of this year.

I predicted 30% so I still think they have around 10% to go first quarter 2010 looks likely.

Am I celebrating? or are you just upset by the figures.

Lol, no i'm not upset by the figures! There is more to life than going in a tizzy over a 0.9% notional rise in fantasy house prices! Fair enough re your response, although I think, having looked at 1989-1995 figures that we may see a long period of very small declines. This is based on neither want nor wish, more extrapolation of extant data.

I'm not in the least upset, but I do have my fingers crossed for heavy falls. So we may lose some cash on our house, who cares. It means when we come to buy the derelict cottage in the country we have our eye on we won't have to save up nigh on £200k (it has no roof, has trees growing inside it and is next to a whinstone mine). I'm hoping to get it for around half that, less if possible (along the lines of if houses are cheap, people will buy ready-made houses, not ruins, so they *hopefully* will lose more value)

Kenny4315

ad9898 wrote: »

These rises are entirely predictable ..

Not really what you have been saying lately ..... :rotfl:

JonnyBravo

Wookster wrote: »

Not sure how they calculate 15.7%... it doesn't seem right.

Well i haven't bothered looking at the data to see if its right but clearly its more complicated than wolfmans sum. He hasnt taken into account the data falling out of the sum. ie the presumably large drop in March 08