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Debate House Prices


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Outstanding!!!!!!! Latest Scottish house prices...

November house price data now out for Registers of Scotland for actual sold prices.

Aberdeen:

November 2009 = £181,426, versus Nov 2008 price of £160,004 and now within 4% of the absolute peak in July 2007 of £188,925.

Also now higher than every month in 2007 except for July and Sept, and higher than every month in 2008 except for July.

Prices have increased by almost 10K since September, and this in what should be a declining seasonal trend.

:T

A dead on cert to cross peak in 2010 I reckon, and already significantly higher than when I bought.....


Edinburgh now at 213K, versus 230K at peak, also up dramatically from 196K in Nov last year.

More at the link..... www.ros.gov.uk
“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”
«13456710

Comments

  • MatteH
    MatteH Posts: 102 Forumite
    Happy days then, more people priced out of secure housing and forced to rent from amateur BTL charlatans
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Closer to crashing then.

    I know, 250000 new families etc.

    Just don't see why you see hitting peak after a crash so soon wth rampant HPI is a good thing.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    MatteH wrote: »
    Happy days then, more people priced out of secure housing and forced to rent from amateur BTL charlatans

    Not in Aberdeen.......

    Rent is higher than mortgage payments here, with rental yields of 8% fairly typical.
    “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”
  • iceicebaby
    iceicebaby Posts: 3,633 Forumite
    Part of the Furniture Combo Breaker
    Hello Graham, this is where you're hiding! Thought you had dropped off the planet!
    Baby Ice arrived 17th April 2011. Tired.com! :j
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    iceicebaby wrote: »
    Hello Graham, this is where you're hiding! Thought you had dropped off the planet!

    Hey you! Feel like I have here :p
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic

    Just don't see why you see hitting peak after a crash so soon wth rampant HPI is a good thing.

    :rotfl:

    There are only two options here......

    1. There really is a shortage, prices will rise, and those who positioned themselves to benefit will do so.

    2. Prices will fall again, before rising again. Those who positioned themselves to benefit will still do so, but it'll take a little longer. And a few more people may benefit, if bank margins come down and stop wiping out gains from lower prices as they are currently.

    Homeowners win either way.....
    “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”
  • iceicebaby
    iceicebaby Posts: 3,633 Forumite
    Part of the Furniture Combo Breaker
    Hey you! Feel like I have here :p


    LOL being your usual self then!
    Baby Ice arrived 17th April 2011. Tired.com! :j
  • boomerangs
    boomerangs Posts: 284 Forumite
    blah blah blah
    258Troll_spray.jpg
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    iceicebaby wrote: »
    LOL being your usual self then!

    Apparently so, dunno if thats good or bad, but thanks anyway :D
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    boomerangs wrote: »
    poor trolling effort

    You can't even be original, can you?

    Do you think it's funny to repeatedly troll threads with ascii facepalms, and now the troll spray I waved around last time you were trolling?

    You really are a prize muppet.

    But keep it up, as it only proves how desperate you are if thats the ebst you can do on a debate board when the facts go against you so decisively.
    “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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