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Debate House Prices
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HPC: Prices now back at peak levels
Comments
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On the contrary, I am seeing more repo's than I was last year....barely saw any last year so maybe it is again because we are behind the normal timescales that others are experiencing.We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.0 -
Hmmm. So where did you end up after being booted off of there? Also with the constant ''come see what a HPCer just wrote' thread every 5 minutes. Hamish, your jealousy of that site is very hard to disguise. :rolleyes:
To add some balance to this discussion, I have seen far more threads on HPC along the lines of "Look at this muppet on MSE".
BTW, the OT forum on HPC is excellent.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
On the contrary, I am seeing more repo's than I was last year....barely saw any last year so maybe it is again because we are behind the normal timescales that others are experiencing.
It`s been awful on this estate for repo. It`s a 4 year old estate and many bought in the boom with good interest rate deals. They then ended up in negative equity. Some houses have gone for £100,000 less than they bought it for. Also alot of the houses were buy to let.0 -
HAMISH_MCTAVISH wrote: »You post that and then accuse us of selective viewing?:eek:
Every major market tracker is showing near double digit rises since trough. In fact, the cumulative tracker, that includes all the others, the FT Acadametrics index, shows prices now just 7% below peak.
Many areas are already back to peak, or within a percent or two of it.
:rotfl:
I see you revised your signature after I noted prices had risen in cambridgeshire by £6,000 in just the couple of months since you first posted it.;)
Ouch....
School report - F, young Skappy shows no talent for this subject. His time would be better spent elsewhere.
Hamish, Hamish, Hamish.This will always be the difference between you and us though. You will always state the price rises and we will always state the falls, they are both getting to the exact same place though.
It can be said that many areas are to within 2% of peak, but obviously if you take the average of Halifax of near 20% does it then mean many areas are close to 40% from peak then? Yes.
You see prices rising £6k (to correct you it is £5k) but i still see a near £30k fall from peak. To me, this is way more relevant, to you the rise is relevant. It will always be like this and it will just go round and round and round. We are both correct, just looking on the other side of the coin to each other.0 -
StiflersMom wrote: »I never thought I'd see the day, but HPC posters are now admitting that whole swathes of the UK are now seeing prices back at their September 2007 peak levels:
http://www.housepricecrash.co.uk/forum/index.php?showtopic=132335
What magnificent news ! Glad I got into the market in 2009
Comentator
"The elephants in the room for house buyers include 'end of QE, rising unemployment, rising interest rates, falling incomes'
StiflersMom
"What do they mean elephant in the room? All I am prepared to see is wall paper."
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Macaque, these elephants are worries. When you quantify them into risk by evaluating impact, probability and mitigation, they're nothing like as scary as you think.
And whoever it was arguing with Hamish on predictions, very few people predicted the banking crisis. Most people, and I'd be surprised if Hamish weren't one, predicted some form of housing price correction over time. It's faintly ridiculous to claim that if all predictions weren't bang on, then they are all equally invalid. Some were a lot closer than others.
Only Mewbie got everything right, and that was only because he was trying to post something completely opposite from what he believed to be true. That does tell you something about the collective Bear view.0 -
It can be said that many areas are to within 2% of peak, but obviously if you take the average of Halifax of near 20%
.
The Halifax is not 20% below peak though. At absolute trough it was 23% below peak, but has since risen by almost 10%. The Halifax index has risen by £14,552, a total of 9.4 per cent, since reaching a low in April 2009, with the average house price currently £169,042. That is significantly faster than most people can save that amount.does it then mean many areas are close to 40% from peak then? Yes.
No. There is only one area that I know of where such falls have occurred, and which does skew the indices downwards. Northern Ireland.
I don't know of anywhere on the mainland where such falls are typical. A few city centres saw such falls on some newbuild flat developments at trough, but they have mostly recovered dramatically since.
The FT index, which averages all the indices, not just one, shows the national average fall from peak is now just 7%, which is a long way form the 20% you keep claiming is typical.
Yes, some areas are still down 15% or more, and some are back to the previous peak or above it, but most are within 10% IMO. Which is below the threshold for making a crash work well for most people by delaying purchase.“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”0 -
He sounds quite a guy! Did he really represent the collective bear view? From what I read he represented his own view of the world, which seemed to be a hotch potch of half facts gleaned from the Readers Digest plus a sprinkling of made up stuff.Only Mewbie got everything right, and that was only because he was trying to post something completely opposite from what he believed to be true. That does tell you something about the collective Bear view.
The slightly scary thing is, that given he was obviously a bit of a t0sser, he managed to get the whole picture right in one easy to understand statement. If only he could return and give us this years forecast - I for one would sleep easier in my bed.0 -
i for one miss him. he was like the chocolate nutella that goes on my toast.He sounds quite a guy!
well he claimed he didDid he really represent the collective bear view?
i don't think he was - just misunderstood. he just liked his belly rubbed now and then...HThe slightly scary thing is, that given he was obviously a bit of a t0sser0
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