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Debate House Prices


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* Money * House prices House prices fall 12.5% year-on-year

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Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucky wrote: »
    geoff is not in a position to buy. he has made too many mistakes in life and now wants to blame others for property being unaffordable. he is not a clever bloke.

    Geoff has lots of money, hundreds of thousands of pounds, of course the amount changes every time he posts, and the circumstances change too, and he keeps putting it in all these great deals he finds that nobody else can.......:confused:

    Ah well, maybe this time round the board he can avoid jail and collect his £200 as well.:rotfl:
    “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”
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Geoff has lots of money, hundreds of thousands of pounds, of course the amount changes every time he posts, and the circumstances change too, and he keeps putting it in all these great deals he finds that nobody else can.......:confused:
    .

    McTittish has a detached, mortgage-free house in the country and a large pied-a-terre in Aberdeen (stop tittering at the back).
    He got this idea from "location, location, location" and thought it would be nice, even if a little stereotypical.

    He cannot remember exactly when he bouhgt them but he knows they have increased in value and continue to do so.

    He does not understand about economics or our debt-based money system, but clings to the hope that house price inflation will rescue him from his troubles.

    He is a very silly boy.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • twadge_face
    twadge_face Posts: 594 Forumite
    Sweet. It's really good property prices are dropping. :)
    Long live the faces of t'wunty.
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    geoffky wrote: »
    The price of the average UK house fell by 12.5% in the year to May, government figures showed today.

    Annual fall of 15.9% (May 2008 - May 2009 registered house prices) according to Land Registry. Average house price down to £152,497.

    Anyone know what Land Registry said house prices fell in the previous year?
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Annual fall of 15.9% (May 2008 - May 2009 registered house prices) according to Land Registry. Average house price down to £152,497.

    Anyone know what Land Registry said house prices fell in the previous year?

    Not sure, but Land Registry shows houses are now 17% down from peak, so not much in previous year.
    “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”
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    nearlynew wrote: »
    McTittish has a detached, mortgage-free house in the country and a large pied-a-terre in Aberdeen (stop tittering at the back).
    He got this idea from "location, location, location" and thought it would be nice, even if a little stereotypical.

    He cannot remember exactly when he bouhgt them but he knows they have increased in value and continue to do so.

    He does not understand about economics or our debt-based money system, but clings to the hope that house price inflation will rescue him from his troubles.

    He is a very silly boy.


    Just for the record, Mctittish has not replied to this post.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
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