We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Why we are nowhere near the bottom yet. Quite simple really (again)
Comments
-
ruggedtoast wrote: »Where are they rising? And dont say Aberdeen. Choose a real place.
Aberdeen. Edinburgh. Glasgow. Dundee. (even dundee !!!!!!)
And outside of Scotland I have no idea, but Nationwide obviously does.
Nationwide average monthly house prices:
Feb-09 £147,746
Mar-09 £150,946
Apr-09 £151,861
May-09 £154,016
Jun-09 £156,442“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 -
ruggedtoast wrote: »Where are they rising? And dont say Aberdeen. Choose a real place.
East midlands
Yorkshire
East Anglia
South East
London
Wales
Scotland
- Read the Nationwide Q2 press release0 -
ruggedtoast wrote: »Where are they rising? And dont say Aberdeen. Choose a real place.
specifically North Tyneside and Wakefield amongst others.
there are more regionalised areas too not just metropolitan districts.
the general trend is that most areas seem to have flattened out since Jan/Feb this year according to the Land Registry.0 -
specifically North Tyneside and Wakefield amongst others.
there are more regionalised areas too not just metropolitan districts.
.
Ruggedtoast just got burned.......“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 -
HAMISH_MCTAVISH wrote: »
Aberdeen. Edinburgh. Glasgow. Dundee. (even dundee !!!!!!)
And outside of Scotland I have no idea, but Nationwide obviously does.
Nationwide average monthly house prices:
Feb-09 £147,746
Mar-09 £150,946
Apr-09 £151,861
May-09 £154,016
Jun-09 £156,442
Oh right. Nationwide.
I was going by the LR stats. I believe these are generally considered reliable no.Land Registry's House Price Index is the most accurate independent house price index available. Using our data set of completed sales, it is the only index based on repeat sales. It includes figures at national, regional, county and London borough level.
I can see a few bits of Wales that are up, maybe its a celtic revival.0 -
HAMISH_MCTAVISH wrote: »
Ruggedtoast just got burned.......
Yeah, great input from you as usual. Really adds to the debate.0 -
ruggedtoast wrote: »Oh right. Nationwide.
I was going by the LR stats. I believe these are generally considered reliable no.
I can see a few bits of Wales that are up, maybe its a celtic revival.
Haha - This is classic stuff - Nationwide is suddenly unreliable !0 -
HAMISH_MCTAVISH wrote: »And as evidence you offer an article by an editor of moneyweek????
Alrighty then......:rotfl:
My g/f gets Moneyweek, it's securities' analysis is excellent. On the housing market it did an article that purported to show that renting was better than buying over 25 years.
Somerset Merryn-Webb, the previous editor, sold to rent too early.
Whilst the market may fall further, this article has some faulty reasoning.
Just because house prices are expensive by historical standards is not itself a reason they must go down, they were just as overpriced in 2005.
Unemployment does not necessarily equal bad [mortgage] debts; mortgage interest is paid by benefits.
House prices will fall because mortgages are more expensive because house prices will fall, is a circular argument.
By implication PWC don't think prices will fall this year or 2011.0 -
Haha - This is classic stuff - Nationwide is suddenly unreliable !
Swerve, distract, obfuscate, throw in an ad hominem attack, and then question the data.......
Repeat mantra of "houses are too expensive for me, so they MUST come down."
Rinse and repeat.
Welcome to a bear thread.;)“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 -
Somerset Merryn-Webb, the previous editor, sold to rent too early.
. Yes she did. And then spent ages trying to talk the market down to cover her financial mistake. Oooops.
But at least she's buying back in now.;)“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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards