***House prices up 1.2% in May***

sdooley

http://www.guardian.co.uk/money/blog/2009/may/29/nationwide-house-prices

fantastic article on how this would be portrayed if the media thought house price rises were a bad thing

ad44downey

mewbie wrote: »

Was that the world's least exciting auction? Opening price 419k. For a cut price repo. Please will someone bid? Another 1k? Oh go on then. Zzzzz.

Were they bidding up in increments of 1k at a time? Or did someone go crazy and put another 6k on the offer?

I think pickles999 has been telling porkies AGAIN.

ad9898_3

JonnyBravo wrote: »

Why are you persisting with this flimsy argument?
You think even in the HPI days people were routinely raising their asking price? Of course it happened occasionally but not routinely. No, what usually happened is people sold for above their asking price.
Now here we have a survey saying the price of the average house has risen over one month and to achieve this you think asking prices must have risen? And not just that, prices which have already been set have risen?
:rolleyes:



You've disappointed me ad998. That isn't necessary at all. Has the heat affected you today???? :rolleyes:



Now that is more like it..... but reality gets in the way... can you really identify the houses which are exactly the same on the net? We're trying to spot a 1% rise.... so you can tell me which houses are definitively worth exactly the same so we can spot this 1% rise??



Stop trying to deny the data. It's up. A bit. It was down. A bit. The last few months have been pretty much flat taken together but of course it's not going to be 0% month on month.

There is nothing to fear for you bears. As has been posted the fundamentals are still weak.... but possibly not as weak as they were??

Ok, I will admit my arguments are a little flat today, but come on give me a break, Nationwide has registered a rise, I've got to somehow, change that to negative;), it's bloody hard work, I might just give up and wait for Halifax, or next month's Nationwide figures.:D

System

ad9898 wrote: »

Ok, I will admit my arguments are a little flat today, but come on give me a break, Nationwide has registered a rise, I've got to somehow, change that to negative;), it's bloody hard work, I might just give up and wait for Halifax, or next month's Nationwide figures.:D

I appreciate that honesty

pickles110564

ad44downey wrote: »

I think pickles999 has been telling porkies AGAIN.

Nice of you to post under you main puppet, anyway sorry to disappoint you but this was confirmed by vinegartits the other day.

pickles110564

mewbie wrote: »

Was that the world's least exciting auction? Opening price 419k. For a cut price repo. Please will someone bid? Another 1k? Oh go on then. Zzzzz.

Were they bidding up in increments of 1k at a time? Or did someone go crazy and put another 6k on the offer?

Mewbie, it is good news seeing a property going for more than its asking price, think about it, the couple that went bankrupt on it will not owe so much and might be able to clear some other debts. This will inturn make the people they owe money to not lose as much. Win Win all round.

pickles110564

ad44downey wrote: »

No decent person wants to live in a dump like Felixstowe. Especially if the likes of you live there. :T

Whoops, you are not posting under Dervish.

ad9898_3

Joeskeppi wrote: »

I appreciate that honesty

TBH, I like the banter that surrounds the release of the Haliwide figures, of course I'm on the side of wanting prices to fall, but it doesn't bother me that much one way or another, I'm in a position to buy now if I wanted but feel if I can hold out for 2-3 years I will be able to buy the 3 bed detached I want mortgage free, as long as we don't get any 2001-2007 HPI again, which I'm sure most will admit is pretty unlikely. If this was the bottom (and I don't think it is) then I'd be ok with stagnation over a period of years.

pickles110564

ad9898 wrote: »

TBH, I like the banter that surrounds the release of the Haliwide figures, of course I'm on the side of wanting prices to fall, but it doesn't bother me that much one way or another, I'm in a position to buy now if I wanted but feel if I can hold out for 2-3 years I will be able to buy the 3 bed detached I want mortgage free, as long as we don't get any 2001-2007 HPI again, which I'm sure most will admit is pretty unlikely. If this was the bottom (and I don't think it is) then I'd be ok with stagnation over a period of years.

Another I want it all now poster.

Banderman

pickles110564 wrote: »

Mewbie, it is good news seeing a property going for more than its asking price, think about it, the couple that went bankrupt on it will not owe so much and might be able to clear some other debts. This will inturn make the people they owe money to not lose as much. Win Win all round.

Can someone translate please? thanks,