House price drop indicates 'double-dip' for property market

HAMISH_MCTAVISH

Mr.Brown wrote: »

Its not so much the up / down amount, but the change of direction that is the real interest. .

And was it just as interesting when the Rightmove asking price index showed a much larger decline a couple of months ago, but that failed to come through on the actual selling price indices?

Don't get me wrong, we are long overdue for the winter dip.

But a 0.6% fall in an asking price index is meaningless.

Of more interest is the YoY sold price stats, as YoY gains are the kiss of death for delayed purchasers and STR's. Given how fast prices were falling this time last year, and how much better the market is faring this year, it is almost inevitable that YoY prices are about to go positive on all the major indices.

HAMISH_MCTAVISH

Cleaver wrote: »

Are you always this purposefully and deliberately obtuse?

.

Why ask the question when you already know the answer?;)

Heyman_2

Cleaver wrote: »

Are you always this purposefully and deliberately obtuse?

Careful, Cleaver - Andy Dufresne asked a similar question of the Warden in Shawshank Redemption and as I recall it didn't go down too well. Solitary Confinement in the 'Hole' for a couple of months if memory serves!

Not sure if Dev will dish out a similar punishment

Graham_Devon

Cleaver wrote: »

Are you always this purposefully and deliberately obtuse?

If an article is well written, with decent analysis on proper figures, without the sensationalist journo lingo that Ash and the Oak pointed out, I'll welcome it and so would most on here. Regardless of what it concerns.

I find it no different to rubbishing an article simply because of the words it uses. Was the same in another thread earlier like I said.

They are not going to make this drop up. So regardless of the words, if it's a drop, it's a drop. Simply disregarding this one, and the other one earlier because of the wording is overlooking the point of it all IMO.

Heyman_2

Sort of the same as disregarding the last 7 months of rises isn't it? :rolleyes:

Cleaver

Graham_Devon wrote: »

They are not going to make this drop up. So regardless of the words, if it's a drop, it's a drop. Simply disregarding this one, and the other one earlier because of the wording is overlooking the point of it all IMO.

I really do try to be nice Graham, but it's hard.

Did I say that they made this drop up? No. Did I say that it's not a drop in asking prices? No. Did I disregard the fact that there has been a drop in asking prices of 0.5%? No.

What I debunked was all the suggestions that this article made. The author suggested conclusions from figures that simply didn't back them up. It's like the FTSE closing down 0.5% and writing an article saying "is this the start of an equities crash?". Well, it could be. But a one day drop doesn't show that, so making this conclusion would be false.

Pretty much everyone with half a brain in their head would conclude this is a sensationalist article. Would you like me to find a sensationalist 'bull' article to prove I'm not just taking sides?

nearlynew

HAMISH_MCTAVISH wrote: »

Don't get me wrong, we are long overdue for the winter dip.

But a 0.6% fall in an asking price index is meaningless.

Let me tell you something that is really meaningless McTittish.........


Thinking that a change in season means houses get more or less expensive.
Ridiculous as well as meaningless.


You silly, silly boy.

Heyman_2

nearlynew wrote: »

Let me tell you something that is really meaningless McTittish.........


Thinking that a change in season means houses get more or less expensive.
Ridiculous as well as meaningless.


You silly, silly boy.

What about 'Spring Bounce'? :rolleyes:

Cleaver

nearlynew wrote: »

Thinking that a change in season means houses get more or less expensive.
Ridiculous as well as meaningless.

You're right in that the house itself retains it's intrinsic value (i.e. the land, the bricks, the walls) so doesn't gain or fall in value. However, the perceived value of a house often dips or stagnates over a winter season because, traditionally, less people buy them.

If you buy a house, you pay the perceived value, not the intrinsic one. So saying that a house rises or falls in value over a season is not really ridiculous or meaningless.

Graham_Devon

Cleaver wrote: »

I really do try to be nice Graham, but it's hard.

Did I say that they made this drop up? No. Did I say that it's not a drop in asking prices? No. Did I disregard the fact that there has been a drop in asking prices of 0.5%? No.

What I debunked was all the suggestions that this article made. The author suggested conclusions from figures that simply didn't back them up. It's like the FTSE closing down 0.5% and writing an article saying "is this the start of an equities crash?". Well, it could be. But a one day drop doesn't show that, so making this conclusion would be false.

Pretty much everyone with half a brain in their head would conclude this is a sensationalist article. Would you like me to find a sensationalist 'bull' article to prove I'm not just taking sides?

Cleaver, it wasn't even aimed at you. It was aimed at Degenerates post after the other thread today had pretty much the same posts inside it.

You have just assumed I was aiming it at you, which I wasn't. I neither quoted you, or referred to anything you had said.

So can we quit with the have a dig opening lines? It only makes something very trivial into a stupid tit for tatt argument.