Halifax +2.6 % MoM

Graham_Devon

Really2 wrote: »

I take it you know that graph is realy based on the greiving process and as no financial sway what so ever?

over lap it on oil prices or any other asset and you will se it is mainly B0!!ox

I don't care if it's a crying graph, or a miserable one. I don't care if it's running around naked in the hay.

I am just saying, we are following it absolutely perfectly. Can you deny that?

chucky

Graham_Devon wrote: »

I don't care if it's a crying graph, or a miserable one. I don't care if it's running around naked in the hay.

I am just saying, we are following it absolutely perfectly. Can you deny that?

i can't, but i've seen it so many times now. but i have a question - the x-axis doesn't indicate a time period.
do you think that's it's a one-size fits all graph to suit an argument?

Really2

Graham_Devon wrote: »

I don't care if it's a crying graph, or a miserable one. I don't care if it's running around naked in the hay.

I am just saying, we are following it absolutely perfectly. Can you deny that?

Yes.

As I said it as nothing to do with assets. Over lap it over any asset prices and you will find out it is rubbish.

The only thing it has in common is assets go up and down. But they do not follow the grieving process they follow market forces.:rolleyes:

PS look at the nationwide graph on HPC your graph would fit more with us being at the end of the cycle, (2000 fist sell off, 2004 top of the market, 2007 over extended return to normality)
Now i dont think we are at that stage but we are at the return to the mean if you look at that graph.

Dan:_4

Graham_Devon wrote: »

Houses being affordable on normal wages, I guess.

I know it's a bit much to ask and all that, but kinda something that would help if people could actually buy a house on 3.5x their actual earnings, not some average wage figure of 35k for a bloke, which is actually pretty close to higher earner teritory, funnily enough.

People can buy a house on 3.5x their earnings.

chucky

Dan: wrote: »

People can buy a house on 3.5x their earnings.

it may not be a 5 bedroom house but it's a house.
it is possible, maybe not for everyone but it is possible.

unfortunately, there will always be and has always been people that can't afford to buy a house.

Lotus-eater

Graham_Devon wrote: »

I am just saying, we are following it absolutely perfectly. Can you deny that?

Well it kind of depends what happens from now on really We might be following it, or we might be at the bottom. Seems improbable that we are, but maybe Mr Brown has sorted everything out for us, what with QE, supporting you if you can't pay your mortgage, low interest rates, keeping banks alive and kicking, sorting out all the debt that's owed......... well not the last one, but he's working on it.

I'm absolutely fascinated by this crash, never has so much information been available to so many and never have the figures been discussed by the general public so vigorously.
Also most of the FTB'rs have never been through this before and I feel many are jumping at the chance to buy now while it looks like prices have fallen an amount and stopped falling. I feel for them, I wouldn't like to be in that situation atm, I own a house and can sit back and watch the crash with interest, but not worry.

I think small rises, then drops again, but time will tell

Dan:_4

chucky wrote: »

it may not be a 5 bedroom house but it's a house

Exactly. Some people's expectations as a FTBer are way to high.

Batchy

Dan: wrote: »

People can buy a house on 3.5x their earnings.

People can... but the fact that earnings are either coming down... ie Honda, and MANY MANY other workers facing reductions

OR

Being made redundant, so forced sellers, repossessions are high.

Pay freezes...

the factyou can get 125% 100% 95% or even many 90% mortgages. The market is very different!

still many falls to go, many big companies to go pop too!

Watch this space!

mitchaa

chucky wrote: »

mitchaa, dan - you're better people than that.

let's not get dragged down to these peoples level.

I know i know, just a little banter, the bears know im just having a play;)

Saying that both indexes now are showing 5mths worth of stagnation...

Nationwide Dec 08 = £153,048
Nationwide May 09 = £154,016

Halifax Dec 08 = £159,896
Halifax May 09 = £158,565

Im sure next month will see drops after these gains.

MrDT

well, someone had to do it, may as well be me...



A / B? Discuss

For the record, I think "A" - but that wouldn't stop me buying somewhere that's priced correctly... like the house I'm viewing tonight, approx 45% down from peak.

edit - beaten, by graham, half an hour from starting to write a post to clicking the submit button, that's just poor foruming