House Prices Soar By 10%

pickledpink

carolt wrote: »

Bollox, nollag. Your way is not that far from my way, and it's certainly not happening here.

I can believe that! You'd drag any area down!:D

HAMISH_MCTAVISH

SPAMISH_MCTAVISH wrote: »

Why should anyone listen to you Hamish ??? You got it so wrong when it crashed. Why do you think you will get it right this time ?

My first post on hpc wasn't until late 2008..... And I got it almost totally right ever since.

I called the total peak to trough falls in Aberdeen to within 2%. In Edinburgh to within 1%. Interest rates to within half a percent, and the exact month they'd bottom. I called QE months before it happened, got it's effects on the housing and asset markets right, although I got the timing slightly off on that one. But I did predict the introduction of the special liquidity schemes, and the help for homeowners the govt would introduce. Not to mention the impact the election would have on ensuring maximum intervention by all concerned in ensuring recovery by then. I called the winter falls in Scotland accurately 8 months before they happened, and also the fact that prices would still be year on year up.

And all of that was done when every bear in sight was proclaiming "crash cruise speed ahead", and "you can't influence the markets".:rotfl:

And of course, I've been right at least 90% of the time ever since.....

You on the other hand, are too scared to post under your original hpc username because you don't want anyone to see how badly you got it wrong...... And instead spend your whole time here trolling me.

And in what should be the most worrying thing of all for you, in each and every case when I didn't get it right, my predictions were actually MORE pessimistic than reality subsequently proved to be the case. I expected national falls to be around 7% bigger than they were, and the recovery to be a year slower than it was, because I expected QE to start 6 months later than it did.

Nobody is perfect..... But my record of calling the housing market is many times better than any of the bears.

So the more relevant question is.....

Why do YOU think you will get it right this time? When you've been so very badly wrong to date....

Doctor_Gloom

pickledpink wrote: »

I can believe that! You'd drag any area down!:D

Hi Betty.

Doctor_Gloom

Oh I see, stiflersMum aka Nollag has showed up for an argument.

googler

They're quoted as being up by over 16% down my way - but again, it's just an AVERAGE price.

Look at the figures, and anyone can see that the rise in the AVERAGE price has been swayed by the higher number of sales at £300k and above, in some higher price bands, the number of sales increased between first and second half of 2009 by over 250%....... no wonder the AVERAGE went up.

In reality, the averages within price bands (£100-125k, £125-150k, etc) have gone down, but the larger number of sales at higher levels have dragged the overall average up.

HAMISH_MCTAVISH

googler wrote: »

In reality, the averages within price bands (£100-125k, £125-150k, etc) have gone down, but the larger number of sales at higher levels have dragged the overall average up.

That's nonsense, of course.

Yes, there is a small amount of skew present from sales mix, but it's by no means the majority of the price rises in the last year.

Just yesterday I looked at a pretty ordinary 170K house on ASPC that last sold in Nov 2007 (RoS date, actually would have sold in Sept at absolute peak), and the mortgage valuation today is within 3K of it's 2007 actual sale price. Under offer already, and I'm sure it will sell for peak price, or close to it.

IN every category of house, in most areas of Scotland, prices are up significantly since trough. The best houses in good areas are already setting a new peak. And many, many more areas and property types are within a whisker of the previous peak already, and will surely cross it later this year.

This HPI denier routine is getting tedious. We can all look at actual sold prices online and see for ourselves that prices are up markedly since last year in most areas. And the indices just reflect that.

pickledpink

Doctor_Gloom wrote: »

Oh I see, stiflersMum aka Nollag has showed up for an argument.

Tablets still aren't working, Dickyhead. You think everyone with similar opinions is all the same person.

Psychiatrists call that paranoia. I call it DoctorGloom Bitter Grapes.

pickledpink

googler wrote: »

They're quoted as being up by over 16% down my way - but again, it's just an AVERAGE price.

Look at the figures, and anyone can see that the rise in the AVERAGE price has been swayed by the higher number of sales at £300k and above, in some higher price bands, the number of sales increased between first and second half of 2009 by over 250%....... no wonder the AVERAGE went up.

In reality, the averages within price bands (£100-125k, £125-150k, etc) have gone down, but the larger number of sales at higher levels have dragged the overall average up.

If it was reversed and was quoted as saying the average price had DROPPED by 10% you'd be spitting feathers it was correct!!!:rotfl:

If rises/drops/averages mean nothing to you why d'you get your knickers in a twist about it? All that does is make you walk funny!:whistle:

Lance

As long as the government can keep borrowing and pumping billions of QE into the economy and keep I.R's at 0.5% and keep paying the millions of unemployed with borrowed money then house prices will keep going up. Election in 11 days folks and then the cuts start or borrowing costs will sore as our rating is slashed. Then we will see where unemployment / inflation and house prices go!

Money_Doctor

quite correct Lance, too many either cannot see it or dont want to see it