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Debate House Prices


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Shall we have our own 12 month house price survey then?

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    sabretoothtigger wrote: »
    I said 0% only after inflation so if thats 5% Im not far off

    Good point STT, we were predicting real HPI 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
  • Squish_21
    Squish_21 Posts: 676 Forumite
    +3%

    Random guess really.
    Squish
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 2 September 2010 at 9:03AM
    From the original page of this thread about a year ago:
    Cleaver wrote: »
    As all of those pesky 9,000 other MSEers have had their say, shall we have our own survey of where we all think house prices will be in exactly 12 months time? Let's say the comparison is the figures released for the end of August 2009 compared with the same figures released for the average house price at the end of August 2010 (LR or Nationwide I guess).

    None of this, "well, it depends whether the government do x,y,z" or "well, with this false economy we all know what they should be". Just how far up or down you think the average price will be in 12 months time, keeping absolutely everything in mind.

    I'll happily keep a lovely league table of predictions here on this first post and then in 12 months time we can have a healthy discussion about the figures (or rip the p*ss out of those that were completely wrong. Although obviously none of us will be wrong, because we're all right about this kinda thing).

    So the August 2009 Nationwide figure was £160,224 and the August 2010 Nationwide figure was £166,507. I make that an increase of £6,283 or...

    (drum role)

    ...+3.92%.

    So the 'winner' (and, let's face it, we're all losers on here for actually caring about this stuff) is... Hamish. Who guessed 4%. Possibly the most annoying result in the history of anything. ;)

    I wonder how many people who spend all their time slagging him off for knowing nothing will congratulate him?

    Edit: Just to add that 58 people took part in the poll. 52 of us (89.5%) thought they would be lower than they actually turned out whilst 6 of us (10.5%) were a bit too optimistic in their predictions.

    Anyone have the original poll that MSE users did that we all slagged off as too optimistic? I would guess that they were more accurate than the 'experts' on this board. Anyone?
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    Cleaver wrote: »

    ...3.92%.

    So the 'winner' (and, let's face it, we're all losers on here for actually caring about this stuff) is... Hamish. Who guessed 4%. Possibly the most annoying result in the history of anything. ;)

    I wonder how many people who spend all their time slagging him off for knowing nothing will congratulate him?

    :rotfl:

    Oh dear - I'm sure he's starting a thread on the subject as I type this.

    Don't worry though mate, word on the street (well Dirk Rambo's street anyway) is that we're on the verge of a new crash. :beer:
  • Doctor_Gloom
    Doctor_Gloom Posts: 397 Forumite
    Cleaver wrote: »
    Anyone have the original poll that MSE users did that we all slagged off as too optimistic? I would guess that they were more accurate than the 'experts' on this board. Anyone?
    The official stats mean nothing. They're all made up by the government and mortgage lenders to suit. Anyone who gives them much credence needs their head examined.
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    Doctor_Gloom wrote: »
    The official stats mean nothing. They're all made up by the government and mortgage lenders to suit. Anyone who gives them much credence needs their head examined.

    Yes you're so right, it's all meaningless - we'd all be far better off listening to people telling us about 'round their way' :T
  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    edited 2 September 2010 at 9:18AM
    Hah, well done Hamish!

    I was 4% too bearish, I'm such a ramping cheerleading debt junkie.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Cleaver wrote: »
    So the August 2009 Nationwide figure was £160,224 and the August 2010 Nationwide figure was £166,507. I make that an increase of £6,283 or...

    (drum role)

    ...+3.92%.

    So the 'winner' (and, let's face it, we're all losers on here for actually caring about this stuff) is... Hamish. Who guessed 4%. Possibly the most annoying result in the history of anything. ;)

    scotsman-smile.gif

    Now what do I win?
    “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”
  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    HAMISH_MCTAVISH wrote: »
    scotsman-smile.gif

    Now what do I win?

    An apology from all the numpties who said you're a ramping moron etc etc.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Heyman wrote: »
    Don't worry though mate, word on the street (well Dirk Rambo's street anyway) is that we're on the verge of a new crash. :beer:

    Dirk Rambo must live in Baghdad....
    “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”
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