Why we are nowhere near the bottom yet. Quite simple really (again)

IveSeenTheLight

Graham_Devon wrote: »

I thought we had to use the LR and not Nationwide?

Just the last time I used Nationwide to prove a point, I was told it makes no difference, LR is what should be being used.

According to LR, Wales, East, North West, West Midlands and South East all increased last month.

http://www1.landregistry.gov.uk/about_us/pressoffice/notices/default.asp?article_id=20070

Thrugelmir

kennyboy66 wrote: »

Its kind of strange, the bears seem to have everything they want, house prices falling, unemployment rising, economy in the doldrums, Labour on the ropes, plague in the form of Swine Flu.

Why then do they seem so miserable ?


If not a little ANGRY ?

I want none of the things listed. The reality is we have them. That's life.

Maybe I "feel" miserable due to the fact that not being a property bull. I didn't maximise the golden opportunity to profit from BTL and take early retirement. All the tax revenues generated by the City of London in the good times have been squandered away.

All we have as an economy is a huge overhang of debt. That I as a taxpayer will be party to paying off. As will my son who in the next few years will be joining the ranks of those looking for work.

Meanwhile property remains a key topic of conversation. When in reality its had its day and there are more important issues to be addressed.

Conrad

Bears are prone to knee jerks. Thier simplistic processing would by typicfied by this;

unemployment rising = prices must fall.
Or - rising oil = catastrophe, instead of - rising oil = switch to electric cars, ho hum.

Yakubu22

The Bulls are all out today. Must be day release or something

Graham_Devon

Conrad wrote: »

unemployment rising = prices must fall.

Feel free to tell us differently.

I doubt you will be able to explain how, exactly, less money in circulation enables house prices to rise though.

ruggedtoast

Yakubu22 wrote: »

The Bulls are all out today. Must be day release or something

Its school holidays.

IveSeenTheLight

Graham_Devon wrote: »

I thought we had to use the LR and not Nationwide?

Just the last time I used Nationwide to prove a point, I was told it makes no difference, LR is what should be being used.

Just wanted to re-iterate the point

According to LR, Wales, East, North West, West Midlands and South East all increased last month.

http://www1.landregistry.gov.uk/abou...ticle_id=20070

P.S. you can add Scotland too with data from the RoSEA

http://www.ros.gov.uk/professional/eservices/land_property_data/lpd_stats.html

ruggedtoast

IveSeenTheLight wrote: »

Just wanted to re-iterate the point

According to LR, Wales, East, North West, West Midlands and South East all increased last month.

http://www1.landregistry.gov.uk/abou...ticle_id=20070

P.S. you can add Scotland too with data from the RoSEA

http://www.ros.gov.uk/professional/eservices/land_property_data/lpd_stats.html

Oh I seeeeeee. So when we want to say prices are going up, even though the overall trend is down, then we're allowed to point to individual regions. But it doesnt count going the other way.

And - wait for it waiti for it:

Its a lagging indicator.

Phew.

Graham_Devon

IveSeenTheLight wrote: »

Just wanted to re-iterate the point

According to LR, Wales, East, North West, West Midlands and South East all increased last month.

http://www1.landregistry.gov.uk/abou...ticle_id=20070

P.S. you can add Scotland too with data from the RoSEA

http://www.ros.gov.uk/professional/eservices/land_property_data/lpd_stats.html

I saw the first time round. I'm not disputing it!

IveSeenTheLight

ruggedtoast wrote: »

Oh I seeeeeee. So when we want to say prices are going up, even though the overall trend is down, then we're allowed to point to individual regions. But it doesnt count going the other way.

And - wait for it waiti for it:

Its a lagging indicator.

Phew.

I've always recommended to look at local areas rather than UK averages

The post was in response that we should look to LR instead of Nationwide, which I provided the facts for