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

mitchaa

skap7309 wrote: »

Here, here. Im am glad i am not the only one who can see the only obvious way this can go.

You think our obsession with property will just vanish and our greed culture will follow path

Can't see it personally.

My pension plan is FSP with work whilst living in my current home. Plan is to have the mortgage paid by the time im 40. As i will have no rent/mortgage to pay i will then buy a 2nd investment home of which i will finance over 15yrs, taking me to 55 and then possibly a 3rd in between the ages of 55 and retirement age of 68.

So my retirement plan is FSP + 2 house sales or rental incomes.

That is my aim, do you suggest i change it? Why?

SingleSue

luvpump wrote: »

What suprises me most is that some people are "Suprised" by these falls, you have to look at the Big Picture, a MASSIVE asset Bubble has been Burst & will take many more months if not years to truly shake itself out..

This Idea we can have a relatively short Recession & then everything will get back to the way things were, is just fantasy, come the end of the year when its Dark, wet & cold, unemployment at Circa 3 Million & probably still Rising !! ... Imagine what the sentiment will be in the Housing market will be then ??
The Bottom line is that the relentless Bull run of the last Decade & the Obsession Brits have with Property is OVER...., & it probably wont return in my Lifetime ...

I was surprised not because I thought it was over but because there are still a lot of people out there who believe what the media print and could have been taken in, thus producing a short term bounce.

I too think there is a fair way to go yet...this is only really the end of the beginning and ready for stage 2 to commence.

mitchaa

themanbearpig wrote: »

Now here is an upset bull clutching at straws.

Funny that as i was going to say the same thing with the meaningless numbers for the SA index;)

As i said, i would be required to borrow 0.78% less than what i did so in December, it really is as simple as that:p But because this is a Halifax thread, ill agree, i would need to borrow 3.8% less now than what i would have needed to back in December.

I would say clutching at straws is whinging about SA that Nationwide have clearly never used;)

ad9898_3

Well I just got back in, can i just congratulate Dan and mitchaa for turning up and putting up a fight, one sided arguments can be boring, although where are the others, julieq, chucky, StevieJ has been a bit quiet as well, come on guys and gals, join in the fun.:D

dervish

ad9898 wrote: »

Well I just got back in, can i just congratulate Dan and mitchaa for turning up and putting up a fight, one sided arguments can be boring, although where are the others, julieq, chucky, StevieJ has been a bit quiet as well, come on guys and gals, join in the fun.:D

dont worry - all the bulls will return...



...in 2014...!

dopester

SingleSue wrote: »

Must admit that from all the media led positivity over the last few months, that I thought we would see an increase in the figures and not a decrease.

Ramping can only do so much.

It can not magic away people losing jobs, taking pay-cuts, the loss of mega-bonuses, 50% tax-rates, lack of money to lend out, higher borrowing qualification criteria, requirement for higher deposits ect.

There may have been a pick up in transactions as your "bounce" [not sure yet as I've still to read through Halifax/Lloyds TSB data] but house prices are not set to enjoy any prolonged upward trend.

Dan:_4

To be honest, there's not much of an argument on is. It's there in black and white and is accepted.

Halifax figure was vastly higher then Nationwide, and still is, so its good to see the discrepancy closing up.

However, I have said that no index will ever show more then -30% and I have only 7.4% left on the Halifax one. oh dear.

ad9898_3

Just found this on HPC, shocking.




This is the RPI adjusted one.

TDS_2

'In a further boost to hopes that the economy could be set to turn a corner, figures from Halifax revealed a slowdown in the rate of falling house prices. The House Price Index revealed that the average UK house price declined by 1.7 per cent in April - compared with a 1.9 per cent drop in March'

http://business.timesonline.co.uk/tol/business/economics/article6232549.ece

ad44downey

TDS wrote: »

'In a further boost to hopes that the economy could be set to turn a corner, figures from Halifax revealed a slowdown in the rate of falling house prices. The House Price Index revealed that the average UK house price declined by 1.7 per cent in April - compared with a 1.9 per cent drop in March'

So if house prices only fall 1.5% next month does that really mean things are getting 'better'?