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

ruggedtoast

I’m disputing it. It’s a bunch of nonsense pumped up by prancing pinstriped popinjays.

IveSeenTheLight

Graham_Devon wrote: »

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

Ok, fair enough.
So you accept the facts now that they are shown on LR and not on Nationwide.

Goes to show that people should really be focussing on local market areas rather than UK averages.

IveSeenTheLight

ruggedtoast wrote: »

I’m disputing it. It’s a bunch of nonsense pumped up by prancing pinstriped popinjays.

http://answers.yahoo.com/question/index?qid=20090518095025AAhd3nv

Graham_Devon

IveSeenTheLight wrote: »

Ok, fair enough.
So you accept the facts now that they are shown on LR and not on Nationwide.

Goes to show that people should really be focussing on local market areas rather than UK averages.

I have responded to this about 3 or 4 times now ISTL.

On a forum such as this, where we are discussing house prices as a whole, the economy as a whole, mortgages as a whole, and using Nationwide, Halifax, and other mesaures as a whole, there is absolutely NO point disregarding whats going on on a national level and focusing on, dare I say it, small areas which happened to have gone up that single month.

I know you say you should look at your local area, but on forums like this, having the discussions we have, we cannot, ever, focus on our local areas, as arguments would just go round and round and round as no one would be able to base anything on actual fact.

So yes, I agree with you as I have said before, but on a forum, where we are all based in different parts of the UK it is absolutely hopeless to be all discussing our individual post codes and towns.

We NEED to discuss on a national level to have something solid to base what we are discussing on. Your insistance in picking areas each month that have gone up, lead to these arguments, as like I said, it's pointless you pointing out merthy tydvil has gone up, posting graphs etc, then the month it drops, you drop Merthr like a brick and then pick somewhere else thats gone up 0.2% in a single month to say house prices are rising.

I notice you don't at the same time pick out local wages, but always rely on national level wages. You cannot have it both ways unfortunately, and this is the last time I respond to you telling me we need to focus on localities, while your backup is national averages and national indicators and then telling me I HAVE to accept what you are saying, when I have never denied it.

ruggedtoast

Well I cant argue with Yahoo Answers. Literally.

IveSeenTheLight

Graham_Devon wrote: »

I have responded to this about 3 or 4 times now ISTL.

On a forum such as this, where we are discussing house prices as a whole, the economy as a whole, mortgages as a whole, and using Nationwide, Halifax, and other mesaures as a whole, there is absolutely NO point disregarding whats going on on a national level and focusing on, dare I say it, small areas which happened to have gone up that single month.

The point in the above thread was that you were mocking Nationwides reported increased areas and said we should be looking at it from LR, hence why I posted the facts

Graham_Devon wrote: »

I know you say you should look at your local area, but on forums like this, having the discussions we have, we cannot, ever, focus on our local areas, as arguments would just go round and round and round as no one would be able to base anything on actual fact.

So yes, I agree with you as I have said before, but on a forum, where we are all based in different parts of the UK it is absolutely hopeless to be all discussing our individual post codes and towns. .

but what is the point in discussing National averages and basing that as advice on whether to hold off or buy when if doing so you must look at local area stats

Graham_Devon wrote: »

I notice you don't at the same time pick out local wages, but always rely on national level wages. You cannot have it both ways unfortunately, and this is the last time I respond to you telling me we need to focus on localities, while your backup is national averages and national indicators and then telling me I HAVE to accept what you are saying, when I have never denied it.

On the contrary, of course when looking at national wages, it is compared to against national averages.
I have on many occasions provided the ONS link which does break down into local average wages as well for those that want to compare against the local house prices.

But then again, I'm not really interested too much in that data as I would then be more focussing on my personal situation, not what the local average wage is

geoffky

Dan: wrote: »

Im not going to choose. Im only concerned with my street - not the whole UK.

dan you are another one of the ones who when the crash was staring them in the face denied it would happen...what happened?

Dan:_4

geoffky wrote: »

dan you are another one of the ones who when the crash was staring them in the face denied it would happen...what happened?

I denied we would see 50% falls. Where's Brit1234 these days?

StevieJ

Dan: wrote: »

I denied we would see 50% falls. Where's Brit1234 these days?

It is OK you have Devon standing in for him.

Dan:_4

StevieJ wrote: »

It is OK you have Devon standing in for him.

lol......It's Brit's signature I miss the most