Halifax +2.6 % MoM

Graham_Devon

mewbie wrote: »

Despite the clamour for more facts and timelines, etc. from the bulls - I must say I like that graph. It feels reasonable and chimes with experience of what has happened so far, and matches my expectations of what is likely to happen. It is simple, and therefore powerful, in its message.

I do have a slight problem with the bear trap words. To me it should be a bull trap, ie. bulls fall into it. Piglet fell into a heffalump trap - a trap designed to catch heffalumps, he didn't fall into a piglet trap. I could write more on this (rather than house price stuff), but won't.

As it's quite accurate, and we seem to be following it, the term "graph" has been ruled out. Just a picture actually.

But whatever it is, no ones been able to deny it yet, just argued over whether it's painted in watercolours, crayons, or on an etch-a-sketch.

reduceditem

house prices my ar*se

Dan:_4

LOL @ that graph/picture - it's all you guys have left now.

mewbie_2

Dan: wrote: »

LOL @ that graph/picture - it's all you guys have left now.

Im LOLling at it too, but for probably different reasons to you. Long way to go yet Dan.

Graham_Devon

Dan: wrote: »

LOL @ that graph/picture - it's all you guys have left now.

Considering we have followed it since the start of the doodle, it's a good asset to have

Dan:_4

Graham_Devon wrote: »

Considering we have followed it since the start of the doodle, it's a good asset to have

But it wasn't around at the start. Someone made up a couple of years back.

Anyway, as long as it helps you keep your faith!

Graham_Devon

Dan: wrote: »

But it wasn't around at the start. Someone made up a couple of years back.

Anyway, as long as it helps you keep your faith!

Have you read what it's based on?

Someone can't just sketch something that gets so much attention based on history. They would be ridiculed.

500 years of pricing history have gone into it. It wasn't someone sitting there with a HB pencil trying to draw a camel and getting it wrong.

Dan:_4

Graham_Devon wrote: »

Have you read what it's based on?

Someone can't just sketch something that gets so much attention based on history. They would be ridiculed.

500 years of pricing history have gone into it. It wasn't someone sitting there with a HB pencil trying to draw a camel and getting it wrong.

It only gets attention on HPC.co.uk and this MSE board.

Graham_Devon

I also like this graph. And the comments from an obvious bull.



I bring this one up, because it is US house prices. They are ahead of us, they have had mini booms, followed by bigger falls.

I have used the one with the comments, simply because I personally see the comments by David Lereah to be very very similar to the comments we are seeing on this thread.

He was proven to be wrong.

the_ash_and_the_oak

I'm not a particular fan of that graph (though I know many markets follow that model). I think its kind of pat.

I think (in housing at least) it isn't a graph of sentiment. it is that sentiment follows the graph. the current bounce isn't really sentiment based imo because sentiment didn't really waver in the first place. Measures are put in place to stablize the market (and sentiment may have something of an upswing on seeing this) - but it is not sentiment that causes the upturn. those measures reduce sellers and mitigate drops. they tempt buyers-on-sidelines out, but they don't produce new buyers, it is a temporary measure.

If people had access to the funds they would have been queueing round the block from 07 to 09. but people need money from banks to do this

and that is the problem