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Debate House Prices
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Halifax down 0.5% MoM, 15% YoY
Comments
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How kind.
Do you have a minimum 3 bed 2 reception centrally heated tent, with a large garden I can have for free then?
Most generous.
Won't bother buying then.
Wouldn't want to offend you, after such a kind offer.
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HAMISH_MCTAVISH wrote: »I think it applies to enough that including them in the stats would be meaningless.
Why?
Why not ignore all places in a bad state of repair, or all million pound plus houses, or .....
Why should repos be picked on rather than any other arbitrary category?
Answer: because some would like to fix the stats to remove those sold at best prices, in case it lowers the market further.0 -
How kind.
Do you have a minimum 3 bed 2 reception centrally heated tent, with a large garden I can have for free then?
Most generous.
Won't bother buying then.
Wouldn't want to offend you, after such a kind offer.
You would have to supply the tent. My tent is a bit smelly after glastonbury.
Plus it is not quite up to the specification you require.
On a positive note the pitch is comfortable, has good drainage, access to running water and an outdoor toilet.
So it's probably better than most 'rentals'. Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
Personality type: Compassionate Male Armadillo. Sockies: None.0 -
Why?
Why not ignore all places in a bad state of repair, or all million pound plus houses, or .....
Why should repos be picked on rather than any other arbitrary category?
Answer: because some would like to fix the stats to remove those sold at best prices, in case it lowers the market further.
Actually, they do exclude million pound plus houses, because they could also skew the stats. (or at least, they do in the Scottish version of the LR)
Remove the few percent at the bottom, and the few percent at the top, and you have the 90% or so in the middle, that most people buy.
It is the most accurate index of the market, for the vast majority of people..
If you want a cheaper house, go to an auction. It's not like they hide them and make you have a secret pass !!!!!!.
You can even find auction sold prices online.
Your whole argument seems to be based around thinking that if the auction/reop stats were included it would help drive down the indices and thus seller expectations through non-distressed channels. I can see how that would help your personal vested interest, but it's not exactly a good thing for the 75% of people who own houses......“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Ah, there we have it.
Your vested interest is with the 75% who already own (actually, it's 68% and falling currently, if we're going to be accurate); mine is with the 32% who don't currently have that luxury.
There we differ.0 -
You would have to supply the tent. My tent is a bit smelly after glastonbury.
Plus it is not quite up to the specification you require.
On a positive note the pitch is comfortable, has good drainage, access to running water and an outdoor toilet.
So it's probably better than most 'rentals'.
Just like all landlords - you make great promises but have no intentions of keeping them.
At least most landlords don't expect you to supply your own house!
Soooo disappointed.
Feel really let down now.
Already mentally 'spent' all that rent money. Ah well.
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Ah, there we have it.
Your vested interest is with the 75% (actually, it's 68% and falling currently, if we're going to be accurate); mine is with the 32% who don't currently have that luxury.
There we differ.
Yes, fair enough, except it isn't 32%, it's more like 10%.
Roughly...... 68% are owner occupiers, 22% are in subsidised social/council housing, and have no need or desire to own as they have cheap rent for life, 10% are in private rented and presumably want to buy one day.
So you want to steal from the many, to give to the few. How very Robin Hood of you.....
I have no problem admitting my VI, I suspect you on the other hand would rather try to obfuscate yours.....
You want to redistribute wealth to the bottom rung of the ladder, from those approaching retirement at the top rung of the ladder. Putting aside the fact that they need it more than you due to the government squandering their pensions to support the benefits culture at the bottom of society, and that they have worked for a lifetime to get it......
Why exactly is it you think this is fair, right or in any way appropriate? Where does it say anywhere that EVERYONE should be able to afford to buy a house? That has never been the case. Home ownership is at an all time high (actually its slipped a little in the last couple of years, but close enough). As little as 100 years ago, 90% of the property was owned by 10% of the people in this country......
Or maybe you're quite prepared to just admit you have a VI, and want a cheap house, and don't care which retiree has to suffer in his/her old age due to their downsize being curtailed for you to get it.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Just like all landlords - you make great promises but have no intentions of keeping them.
At least most landlords don't expect you to supply your own house!
Soooo disappointed.
Feel really let down now.
Already mentally 'spent' all that rent money. Ah well.
I am happy to fully adhere to my side of the deal - one free pitch of a tent in the back garden.
There's no council tax, water rent or electricity charge to pay (I must confess, there's no electrics full stop).
It is an absolute bargain if you ask me. Any p1key would jump at the chance! Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
Personality type: Compassionate Male Armadillo. Sockies: None.0 -
I'm not looking to buy at the moment so I'm looking neither at EAs nor at auctions.
If I was looking to buy, of course I'd buy at auction if it was cheaper.
Wouldn't you?
I already have (looked) and I've found that the quality of the properties I have seen were pretty poor. One had pretty much been gutted by the previous owner who went BR and ripped out anything of value - legal because he still owned the house at that point.
To be honest, houses are only worth what you personally think they're worth, what you can afford and what you think is suitable. I don't need a statistic from a government body to tell me what a house is worth to me (a statistic that is 3 months out of date, at that). I'll offer what I think it's worth and if the owner says "no", then I'll move on (hence the reason we're still looking
).
BTW, carolt, I don't like how everyone gangs up on you in here and want to distance myself from this. I was interested in exchanging views about the LR, and I enjoyed the exchange. I hope this came across in my posts. "I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0 -
HAMISH_MCTAVISH wrote: »
You want to redistribute wealth to the bottom rung of the ladder, from those approaching retirement at the top rung of the ladder. Putting aside the fact that they need it more than you due to the government squandering their pensions to support the benefits culture at the bottom of society, and that they have worked for a lifetime to get it......
Why exactly is it you think this is fair, right or in any way appropriate? Where does it say anywhere that EVERYONE should be able to afford to buy a house? That has never been the case. Home ownership is at an all time high (actually its slipped a little in the last couple of years, but close enough). As little as 100 years ago, 90% of the property was owned by 10% of the people in this country......
Or maybe you're quite prepared to just admit you have a VI, and want a cheap house, and don't care which retiree has to suffer in his/her old age due to their downsize being curtailed for you to get it.
It's not wealth redistribution because the wealth doesn't exist. It's only on paper. As you will come to realize when the boomers come to retire en masse and try to downsize. There isn't enough money or credit out there to physically pay the 'value' of these houses. The boomers are expecting the younger generations to pay for their round the world trips by buying their overpriced properties and releasing the unwarned wealth. Its not going to happen. By that time taxes will have risen so much to pay off the government debt and the ever increasing pensions liabilities that house prices will have dropped significantly.
I also admit my VI. I want something for my generation that every other generation has had since the great war, the opportunity to buy a reasonably priced house. It will happen in the next 10 years whether you like it or not.0
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