Debate House Prices


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MSE News: House prices fall for first time in four months (-0.1%)

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  • Even you claim that prices will fall on some threads.

    But if someone else thinks it, they are misguided?

    Yes, I should have been clearer.

    I meant fall back to previous lows, or even anywhere close to them.

    The bounce has gone too far for that to happen now. The coming falls over winter will be small, and wholly insignificant in the big scheme of things.
    “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”
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Yes, I should have been clearer.

    I meant fall back to previous lows, or even anywhere close to them.

    The bounce has gone too far for that to happen now. The coming falls over winter will be small, and wholly insignificant in the big scheme of things.
    Poor Hamish. A sensible bull, sort of, stumbles onto a forum populated almost entirely by gurning fools. It's after the witching hour Hamish.
  • The housing market has risen by 8.5% this year so far. That's hardly stagnation.

    Even Nationwide has only gained +6.46% this year; January £150,501 to August £160,224;
    http://www.nationwide.co.uk/hpi/historical/Aug_2009.pdf

    And of course, that index has a southerly bias affected by bankers bonuses again this year.

    Or are you counting the rumoured positive for September, already, before publication...?

    Meantime, Halifax shows January £164,126 to August £160,973, down by -1.92% this year.
  • Sorry, my bad, I took "this year" too literally;

    end-December was £153,048, to August £160,224, makes a +4.69% rise, at most, courtesy of Nationwide.
  • chucky wrote: »
    London is at very late 2006 or early 2007 prices....

    You appear to take a strange pride in your fellow Londoners being stupid enough to overpay for their biggest purchase(s) in life.

    What degree of effect do you apportion to bankers bonuses being back in play...?
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Even Nationwide has only gained +6.46% this year; January £150,501 to August £160,224;
    http://www.nationwide.co.uk/hpi/historical/Aug_2009.pdf


    Meantime, Halifax shows January £164,126 to August £160,973, down by -1.92% this year.
    Sorry, my bad, I took "this year" too literally;

    end-December was £153,048, to August £160,224, makes a +4.69% rise, at most, courtesy of Nationwide.

    So to be consistent the Halifax was £160,861 In Dec 08 and was £160,973 August 09 So a very small increase. not the -1.92% fall you stated.

    But then, I suspect you knew that.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Really2 wrote: »
    So to be consistent the Halifax was £160,861 In Dec 08 and was £160,973 August 09 So a very small increase. not the -1.92% fall you stated.

    But then, I suspect you knew that.

    Hardly the ramping upwards in prices due to demand, either, which we see the likes of Hamish preaching, like...
    Yes, I should have been clearer.

    I meant fall back to previous lows, or even anywhere close to them.

    The bounce has gone too far for that to happen now. The coming falls over winter will be small, and wholly insignificant in the big scheme of things.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Hardly the ramping upwards in prices due to demand, either, which we see the likes of Hamish preaching, like...

    But hardly consistent either.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 30 September 2009 at 9:45AM
    You appear to take a strange pride in your fellow Londoners being stupid enough to overpay for their biggest purchase(s) in life.

    What degree of effect do you apportion to bankers bonuses being back in play...?

    no strange pride. if you can afford something you buy it if you don't you rent and don't buy - not moan and looking for excuses for being priced out of property. get over it.

    it has to be pointed out to the ignorant (like yourself) who seem to be immediate armchair experts on the UK housing market (in this case the London housing market) helped by a bit of Googling when they don't have the remotest clue... :)

    carry on - you're doing well
  • Hardly the ramping upwards in prices due to demand, either, which we see the likes of Hamish preaching, like...

    I think you all know that Hamish refers to the February Nationwide release, which was the low point in the Nationwide index. He has done it often enough as you are aware (he's preaching ;))

    Feb 09 = £147,746
    http://www.nationwide.co.uk/hpi/historical/feb_2009.pdf

    Aug 09 = £160,224
    http://www.nationwide.co.uk/hpi/historical/aug_2009.pdf

    This is why he said 8.4% :rolleyes:
    Talk about people moving the goal posts.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
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