House prices fell by 0.4% in May.

sss555s

carolt wrote: »

Sorry - not read any of the thread. Just enjoying the headline.

Third monthly fall this year, my paper said. And we're only in May.

Looking forward to the double-dip.

Are you going to buy if there is a double dip carolt?


That graph tha'ts going around from the 90's looks like it could be possible.

carolt

sss555s wrote: »

Are you going to buy if there is a double dip carolt?


That graph tha'ts going around from the 90's looks like it could be possible.

My buying schedule is only marginally related to what house prices are doing.

If house prices rose too much, I wouldn't buy at all - with kids, 'making do' with somewhere too small/in a dodgy area isn't really an option; I'd just stay renting.

If prices fall, I'll buy somewhere bigger, or have a smaller mortgage.

My schedule is based more on other, non-financial factors.

Re the graph - which one is that? I like the sound of that.

tommy75

Where is the official thread from admins like usual? Or are they only made when figures are + ?

carolt

Here you are; a bit of a fudge (oooh, mustn't mention the word 'falls'):

http://www.moneysavingexpert.com/news/mortgages/2010/06/house-prices-confusion-are-values-rising-or-falling?utm_source=forum&utm_medium=sidebar&utm_campaign=box

sss555s

So it's more about when the time is right for you than price?

You do talk the prices down a lot for that to be the case.

Will you be as passionate for price gains when you are on "the ladder" than you have been against in the time before committing?


As a "home" owner your not really bothered what the market does after the first few years as long as you can keep up the payments.

BACKFRMTHEEDGE

carolt wrote: »

Sorry - not read any of the thread. Just enjoying the headline.

Third monthly fall this year, my paper said. And we're only in May.

carolt wrote: »

Looking forward to the double-dip.

No surprises there then - such a "nice person";)

Are you looking forward to lots of unemployed teachers? Lots of unemployed NQTs too?

It's hard to buy a house when you don't have a job. Have you forgotten that teachers can be made redundant? Maybe you are too young to remember that? I'm old - I remember teachers being made redundant!

What about your increased work load? But maybe you are not actually a teacher? Maybe you don't actually work at all?

the_flying_pig

chucky wrote: »

depends if you decide to use seasonally adjusted or unadjusted if there is a fall or a price rise

the desperate ones tend to be inconsistent and use what ever suits their desperate times

yup.

i distinctly remember you in january 2010, jumping up and down telling anyone who'd listen, that it was important to understand that the small recorded SA Halifax rise was in fact, on a NSA basis, a pretty chunky fall.

http://forums.moneysavingexpert.com/showpost.html?p=29589985&postcount=72

Spiv_2

Isn't this just a North/South divide thing? These figures are just telling us that house prices are falling in the North (since the Halifax data is biased to the North)?

For example House prices increased annually by 16.8% in Brighton & Hove to May. Bristol up 15.9% and London up 14.8% South East 11.5% South West up 10.7% but, for example, Middlesborough is down 9.5%.

Nationwide May

House prices fell in some regions during April: properties in the north-west fell by 0.3%, in the East by 0.6%, in Wales by 1.6%, and in Yorkshire and the Humber by 2.2%.

Land Registry April.



This would suggest that House Prices are not (yet) falling in the south-east?


Maybe they are falling in areas were people are reliant on the government for jobs? That is, northern areas are more dependant on the public sector for jobs?

carolt

sss555s wrote: »

So it's more about when the time is right for you than price?

You do talk the prices down a lot for that to be the case.

Will you be as passionate for price gains when you are on "the ladder" than you have been against in the time before committing?


As a "home" owner your not really bothered what the market does after the first few years as long as you can keep up the payments.

Yes, it is about when the time is right for us. But I'd be a bit of a loony if I said I'd rather have a mortgage of 300K than a mortgage of 150K, wouldn't I?

I can't see why I'd care either way what prices do when I've bought - I'm planning to buy a long term roof over my head, with a long-term fix, so what house prices do or don't do should be pretty irrelevant to me then. I suppose if they fell a lot I might feel a bit narked, thinking oooh, I should have waited. But can't think how feeling narked would impact on my life.

If they went up? Doesn't make much odds either - as I couldn't sell up wthout having to pay for somewhere else to live, so it's all a bit theoretical. Certainly wouldn't feel any richer.

On reflection, I think I'd like prices to stay exactly level once I've bought - so no need to feel narked, but - more importantly - less need to panic about how my kids will be able to afford their own places when they're older.

As I have 3 kids and there is only 1 of me, tbh I don't see prices rising once I'd bought as desirable, no.

carolt

BACKFRMTHEEDGE wrote: »

No surprises there then - such a "nice person";)

Are you looking forward to lots of unemployed teachers? Lots of unemployed NQTs too?

It's hard to buy a house when you don't have a job. Have you forgotten that teachers can be made redundant? Maybe you are too young to remember that? I'm old - I remember teachers being made redundant!

What about your increased work load? But maybe you are not actually a teacher? Maybe you don't actually work at all?

I'm looking forward to ordinary people aged under 40 to be able to afford a house. That's why I stated I was looking forward to the double-dip in house prices.

Clearly that makes me outrageously selfish.

As I work on a contract basis, I don't have a secure job - if I lose this one, I'll get another one. And if I can't, I'll do more self-employed work.

So I don't really get your point about teachers losing their jobs.