Debate House Prices


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MSE News: Land Registry reports further house prices rise (up 1.7%)

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Comments

  • Dan:_4
    Dan:_4 Forumite Posts: 3,795
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    Cannon_Fodder wrote: »
    Dan,

    Have another look at that monster-length thread from Hamish, where monthly figures were up and down like a yo-yo for 6 years - and he didn't even include the pre-91 figures, when the first big stage of the crash hit.

    LR will probably be a mix, of Halifax and Nationwide, in a positive direction for the next 3 months. Its just repeating what they have already stated - its a lagged index.

    As per 1990, some numpties (me included) heard prices were on the move in the spring and jumped in, in the summer...

    ...and then spent 6 years watching prices fall...

    This time won't match exactly, month by month, the past. Maybe it will be a bit shorter, steeper in and out due to greater awareness, say 5 years instead of 7. But equally, the state of banking, depth of GDP loss in this recession and tightened lending criteria may end up with it being worse.

    But its not all over at the two year mark. Trust me.

    No, it's not all over. I agree, but im not sure why I would 'trust you' as you were one of the folks saying that low interest rates and QE would have no effect on house prices.

    I expect further falls, but im convinced we have passed the bottom [feb 09]
  • chucky
    chucky Posts: 15,170 Forumite
    nearlynew wrote: »
    Beware of the bull [STRIKE]!!!!!![/STRIKE] trap.

    this is just another nail in the coffin of the HPC coffin... :cool:
  • StevieJ
    StevieJ Forumite Posts: 20,172
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    To be fair it is a few months behind, so providing confirmation of the other index figures. It may just be enough to build confidence and loosen the purse strings og the banks, it is a confidence game after all.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Forumite Posts: 20,172
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    Dan: wrote: »
    Up 1.7% in a single month is MASSIVE.

    This marks the end of the house price crash. It's been a good one, but sadly, has to come to an end.

    Dan, I preferred your old sig icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Dan:_4
    Dan:_4 Forumite Posts: 3,795
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    StevieJ wrote: »
    Dan, I preferred your old sig icon7.gif

    It required too much updating :)
  • chucky
    chucky Posts: 15,170 Forumite
    chucky wrote: »
    this is just another nail in the coffin of the HPC coffin... :cool:

    i'm off to HPC.co.uk to have a chucky chuckle :rotfl:
  • System
    System Community Admin Posts: 178,006
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    chucky wrote: »
    i'm off to HPC.co.uk to have a chucky chuckle :rotfl:

    I'm going to save myself the bandwidth and just assume the LR is now a VI.
  • StevieJ
    StevieJ Forumite Posts: 20,172
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    Dan: wrote: »
    It required too much updating :)

    Lazy git icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Dan:_4
    Dan:_4 Forumite Posts: 3,795
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    chucky wrote: »
    i'm off to HPC.co.uk to have a chucky chuckle :rotfl:

    What a good idea. I could do with a laugh, it's boring in the office today :T
  • adr0ck
    adr0ck Forumite Posts: 2,374
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    1.7% is huge

    biggest since 2004 (bbc reporting)

    what was halifax & nationwides data from the same month

    anyone got it to hand
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