Halifax -1.7% MoM, 17.7% YoY, 22.6% down from peak.

the_ash_and_the_oak

dopester wrote: »

Values are set at the margin Woody.

Don't disagree w this as such imo but feeling its only really when transaction levels rise some more that we'll see the larger falls. like right now - you could say the margins, but the margins of what. Bunch of houses on a street - but only one for sale - but which one? maybe the best one? to which buyer? maybe the one w large deposite able to get decent funding - maybe a cash buyer - but how many of these are there? not really feeling its ftbs right now so much

policies at the moment are to try keep people at the margins from having to sell as much as possible imo. feeling this is sorta preventing the margin sales from really happening

ad9898_3

I wonder wher Cat695 is ?, I have a newspaper headline for him to add to the archive from the '90's, you know the one where prices were rising, then falling, then rising, then falling...etc...

Well here is one from the Daily Express, deja vu anyone ?? Not quite the same as the one the other week, that an EA put in his window, perhaps he might put this one in now.:D

http://www.dailyexpress.co.uk/posts/view/99302

Dan:_4

ad9898 wrote: »

I wonder wher Cat695 is ?, I have a newspaper headline for him to add to the archive from the '90's, you know the one where prices were rising, then falling, then rising, then falling...etc...

Well here is one from the Daily Express, deja vu anyone ?? Not quite the same as the one the other week, that an EA put in his window, perhaps he might put this one in now.:D

http://www.dailyexpress.co.uk/posts/view/99302

Cat said he wont be posting for a few weeks as he's gone off somewhere with the forces

lostinrates

Dan: wrote: »

Cat said he wont be posting for a few weeks as he's gone off somewhere with the forces

Hope not somewhere too ghastly. Thanks Dan, I'd been wondering too.

geoffky

OH deary me...Imagine what things are going to be like when the country feels negative because at the moment there are loads of idiots who still think this will all be over by Christmas and still feel positive.....this is terrible news for the people who are in denial..

geoffky

leftieM wrote: »

You haven't factored in interest payments on the mortgage for the average house. On 150k loan at 3.5% that would be about 1750 (simple interest) so you're only 50 up.

he seems to not want to answer this...:rotfl::rotfl:

StevieJ

geoffky wrote: »

OH deary me...Imagine what things are going to be like when the country feels negative because at the moment there are loads of idiots who still think this will all be over by Christmas and still feel positive.....this is terrible news for the people who are in denial..

Hey geoff, not bothering with a little decadence at the races I am going down in a few minutes, miss the first race though :beer:

dopester

the_ash_and_the_oak wrote: »

Don't disagree w this as such imo but feeling its only really when transaction levels rise some more that we'll see the larger falls. like right now - you could say the margins, but the margins of what. Bunch of houses on a street - but only one for sale - but which one? maybe the best one? to which buyer? maybe the one w large deposite able to get decent funding - maybe a cash buyer - but how many of these are there? not really feeling its ftbs right now so much

policies at the moment are to try keep people at the margins from having to sell as much as possible imo. feeling this is sorta preventing the margin sales from really happening

You can't protect everyone. You can't protect everyone from decisions to have MEWed and spent wildly. Not everyone will get money from Government to keep paying their mortgages. Protect everyone from dying and the estate needing to sell. From loss of job and wanting to downsize and accepting lowering their asking prices or accepting a lower offer in order to sell.

If anyone sells their homes at lower value, it brings down values on the same street, even if other owners have lived sensibly, own home outright, and have savings.

Come off it Woody please. Sales at the margin are the sales which are going through each month, and provide the data for the Halifax and Nationwide and the Land Registry to compile their figures, such at Halifax's -1.7% today.

geoffky

StevieJ wrote: »

Hey geoff, not bothering with a little decadence at the races I am going down in a few minutes, miss the first race though :beer:

steve racing is my baby..we go all over the country racing and the highlight of the year for me is the chelt festival. but Chester races have been wrecked by letting too many people in and the fact that they are more interested in stag and hen parties.and too many !!!!ed up nobheads...:rolleyes: do you ever look at fryboys site?



In the 1990s crash - during the period of beginning of 1989 till the end of 1995 - the Halifax House price index (MoM SA) recorded MoM house price falls of -1.7 or deeper falls in only 2 months during that 84 month period (i.e. September 1992 which saw a drop of -3.0% and May 1993 which witnessed a -1.7% fall

this is on top of higher transaction figures.......crash at warp speed is on.

StevieJ

geoffky wrote: »

steve racing is my baby..we go all over the country racing and the highlight of the year for me is the chelt festival. but Chester races have been wrecked by letting too many people in and the fact that they are more interested in stag and hen parties.and too many !!!!ed up nobheads...:rolleyes: do you ever look at fryboys site?

Not at this meeting, high class