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

kennyboy66_2

princeofpounds wrote: »

I don't normally post in this part of the forum, but I was interested in today's numbers. I'm a financial analyst by profession and got to say sometimes I despair at the low level of public understanding of house prices and monetary policy.

.

Welcome, but can I remind you that there is no place on this board for measured, considered & reasonable posts.

If you could moderate your style so that you are either in the;

1) Hell in a handbasket camp.
2) Sunshine and light camp.

it would be much more useful.

Please also consider the use of CAPITALS, bold or :mad::rolleyes::eek::rotfl:

kennyboy66_2

Yakubu22 wrote: »

This forum never fails to crack me up with people clinging onto glimmers of hope. We are in a major recession, with the worst arguably still to come. How on earth can house prices fight against such forces and continue to increase?

Are you going tomorrow Yak ?

Yakubu22

kennyboy66 wrote: »

Are you going tomorrow Yak ?

Sadly not. My Dad and several friends have got tickets but I couldnt get one this time

Lotus-eater

chucky wrote: »

my opinion is different to your friends - i see a W shaped crash. with the 2nd part not as bad as the first.

You could be right, it certainly looks like we are having a break in the middle, either that or it is over, which seems impossible to me.
I've given up predicting it now, too many things going on and I've also given up being suprised by whats going to happen next.
So a big rise would slightly surprise me, while a big fall would surprise me somewhat less, neither is beyond being possible.

kennyboy66_2

Yakubu22 wrote: »

Sadly not. My Dad and several friends have got tickets but I couldnt get one this time

The opposite of me. I'm taking my son, but my Dad is missing his first final in 40 years.

Fingers crossed - I'm never very optimistic but just have this feeling that we will win.

COYB

StevieJ

The sun is shining, the cup final tomorrow, you must feel that all is well with the world :beer:

mewbie_2

Whoops!

http://news.sky.com/skynews/Home/Business/Nationwide-Building-Society-Underlying-Pretax-Profits-Fall-50-Percent-To-393-Million-Pounds/Article/200905415289712?f=rss

Good job they got those price rise figures out today.

IveSeenTheLight

mewbie wrote: »

Whoops!

http://news.sky.com/skynews/Home/Business/Nationwide-Building-Society-Underlying-Pretax-Profits-Fall-50-Percent-To-393-Million-Pounds/Article/200905415289712?f=rss

Good job they got those price rise figures out today.

Guess they need to lend more to increase those profits

Yakubu22

kennyboy66 wrote: »

The opposite of me. I'm taking my son, but my Dad is missing his first final in 40 years.

Fingers crossed - I'm never very optimistic but just have this feeling that we will win.

COYB

Brilliant, enjoy it!

I'm the same, when it comes to E.F.C. I ALWAYS assume the worst, but this time something just feels right (ala '95). IMWT

MrDT

chucky wrote: »

why do we only see this graph going down from peak - end of 2007?

i'm waiting for some clever clogs to come along and show it from Feb 2009 onwards - the reaction from the HPCers would be hilarious!!

So long as the line stays under the "Year change %" zero base line on the y-axis then surely it's still bear food

There's bound to be some HPC jokers that can't read a graph properly thinking "OH NOES LINE GO UP - BAD BAD BAD", I'd like to think that the average poster here has a little more intellect though!