MSE News: Halifax: house price growth decelerates

doire_2

nollag2006 wrote: »

Not really - they are just reverting to the level that they were before the credit crunch.

The world is slowly recovering, and house prices are leading the way.

I take it the world includes the UK?

My,my how you have changed your tune :rotfl::rotfl::rotfl:

Remember this cracker?

Originally Posted by nollag2006
Most of the bears have gone into hiding - not much point in talking down the economy and the housing market when both are recovering at breathtaking speed

:eek:

bernard_shaw

So,

Halifax House Price Index says
Annual HPI +3.6%

ONS says
RPIX +3.8%

=> House prices DOWN YoY

FACT.:money:

Thrugelmir

doire wrote: »

I take it the world includes the UK?

My,my how you have changed your tune :rotfl::rotfl::rotfl:

Remember this cracker?



:eek:

I 'm falling about laughing that its" UK house prices that are leading the world out of recession". :rotfl::rotfl::rotfl:

Really2

bernard_shaw wrote: »

So,

Halifax House Price Index says
Annual HPI +3.6%

ONS says
RPIX +3.8%

=> House prices DOWN YoY

FACT.:money:

Becasue that includes housing costs would it not indicate rent had gone up also.

StevieJ

Thrugelmir wrote: »

King Canute thought he could control the tide as well.

Look what happened to him.

That is where you are wrong, in fact just the opposite

[FONT=verdana,arial,helvetica][FONT=verdana,arial,helvetica]"Well, my friends," Canute said, "it seems I do not have quite so much power as you would have me believe. Perhaps you have learned something today. Perhaps now you will remember there is only one King who is all-powerful, and it is he who rules the sea, and holds the ocean in the hollow of his hand. I suggest you reserve your praises for him." [/FONT][/FONT]

http://www.inspirationalstories.com/0/91.html

chucky

nembot wrote: »

Many of the bullish are servicing huge mortgages, due to the fact they bought at peak and the advisor said prices go up forever.

Forgive their bitterness, it's the only way they can cope

Mr Nem Bot - i'll let the below answer your post

nembot wrote: »

...making random assumptions from single post can often be completely wrong, as in this case.

My mortgage has three years to run, if prices go up I win, if they drop I win and i'll just buy another house (maybe two).

Bitter, nah don't thinkso

Thrugelmir

StevieJ wrote: »

That is where you are wrong, in fact just the opposite

[FONT=verdana,arial,helvetica][FONT=verdana,arial,helvetica]"Well, my friends," Canute said, "it seems I do not have quite so much power as you would have me believe. Perhaps you have learned something today. Perhaps now you will remember there is only one King who is all-powerful, and it is he who rules the sea, and holds the ocean in the hollow of his hand. I suggest you reserve your praises for him." [/FONT][/FONT]

http://www.inspirationalstories.com/0/91.html

Forklore has different tales.

Canute is famous for the tale of the incoming tide. According to legend, Canute’s courtiers flattered him into believing that his word was so powerful that even the tide would recede at his command. Canute is said to have taken this compliment literally and had his throne placed by the shore and vainly attempted to command the waves to recede until he almost drowned. An alternative version states that Canute was extremely wise and put on this practical demonstration to show his courtiers that he was not taken in by their flattery

You will note that I posted both. And wasn't selective.

phil_b_2

phil_b wrote:

The most bitter folk are those who cant afford a house or missed the bottom of the market. Those are the most motivated to shout their beleifs in a hope it will make a difference.
Most people who actually own a house now dont care what happens to prices. Even if they dropped it wouldnt matter as they dont wish to sell.

nembot wrote: »

Sorry to disappoint Phil, but making random assumptions from single post can often be completely wrong, as in this case.

My mortgage has three years to run, if prices go up I win, if they drop I win and i'll just buy another house (maybe two).

Bitter, nah don't thinkso

.........eh?

shane42

forgive my ignorance, but how does any of this mean house prices will go down. how can you be so sure? if prices are low many wont sell so stock will be low so prices will be high ...maybe
does supply and demand not dictate prices of everything at all times?

nembot

It would if there actually was a supply and demand problem, however the only people saying this are the ones with something to gain.

1,000,000 empty houses and 600,000 for sale on Rightmove does not equate to a shortage in any sense of the word.

Unless we have 600,000 transactions a month, which we don't...