Watch Out: the housing market is about to turn back down

IveSeenTheLight

chucky wrote: »

yes it's very scary... do you know or even understand what the time-scale on the x-axis is

Nice adaptation of the graph, however it is incorrect.
House prices are now at the mean line of the graph.
Consider also that house prices are reported by many to be back to 2004 (even 2003 in some cases ) which was before the reported bear trap in 2005.

The graph is probably more representative at the moment to be like this

Harry_Powell

Graham_Devon wrote: »

I hope this doesnt end up spreading over several pages discussing whether I did or didn't start the discussion about guns.

Excellent reverse psychology here from Graham, the master of the tangled discussion. He's trying once again to engage the 'bulls' in an argument that has no end, no point and consists of a million threads that reach out and entangle his opponents. Brilliant debater, brilliant tactician. Once again I take my hat off to Graham.

I'm going to sit back with some popcorn and watch the show unfold, gazing with admiration at the traps and tangles that Graham sets by pretending to really be that dense and to not understand what the discussion is, while simultaneously introducing new topics and concepts just to confuse things. Let battle commence!!!!!!

chucky wrote: »

ok - i'll take back the even from Graham bit back

it's just nonsense

Damn! Oh well, have patience Graham, just bide your sweet time, they will soon fall once more into your trap....

IveSeenTheLight

Graham_Devon wrote: »

Certainly, the fall from peak, and then the rise again are detailed in that picture, and it's happened exactly that way.....so far.

For reference...



I suppose the prices have indeed gone a little more than half way though, re-looking, notably nationwide.

Do you realise the graph above is a YoY percentage chart and not a house price chart?
Do you realise that house prices could remain static and yet this graph could still go up or down depending on what the previous 12 month figures were?

I don't think you can state house prices and then use this graph as a reference to your intimation I presume, that this is a bull trap.

You should have used a house price graph.

System

IveSeenTheLight wrote: »

Do you realise the graph above is a YoY percentage chart and not a house price chart?
Do you realise that house prices could remain static and yet this graph could still go up or down depending on what the previous 12 month figures were?

This is the third time we've had to go through this.
http://forums.moneysavingexpert.com/showpost.html?p=23132213&postcount=21
http://forums.moneysavingexpert.com/showthread.html?t=1863127&highlight=yoy&page=2

Graham_Devon

Joeskeppi wrote: »

Given that we've just gone back above the mean again, that can only mean that on the graph we are at "Take-off".

Or, more likely, the graph is a pile of !!!!, as suggested many times.

Well, at least we are calling it a graph now....it's progress!

Really2

Joeskeppi wrote: »

This is the third time we've had to go through this.
http://forums.moneysavingexpert.com/showpost.html?p=23132213&postcount=21
http://forums.moneysavingexpert.com/showthread.html?t=1863127&highlight=yoy&page=2

But it could mean we are having potato crop problems.:rotfl:


sorry but the potato graph has a scale (like all graphs:))

Graham_Devon

IveSeenTheLight wrote: »

The graph is probably more representative at the moment to be like this

Despair was a pretty easy ride.

I'm dissapointed.

chucky

Harry_Powell wrote: »

I'm going to sit back with some popcorn and watch the show unfold, gazing with admiration at the traps and tangles that Graham sets by pretending to really be that dense and to not understand what the discussion is, while simultaneously introducing new topics and concepts just to confuse things.

abaxas wrote: »

We can only hope this happens. State collapses and anyone with a knife/gun/etc can take the property of their choosing.

Strange how people actually want that.

no Graham didn't agree with that did he

Graham_Devon wrote: »

I like that. Let's just wait until it happens in America before suggesting house prices falls = people shooting each other on the street.

That's worse than tin hat stuff.

it must have only me confusing things

Graham_Devon wrote: »

Wasn't me who talked of people with guns

Bootski

Investors may well think they know current sentiment - but so do sellers

Really2

Graham_Devon wrote: »

Despair was a pretty easy ride.

I'm dissapointed.

I despair.