House prices fall 0.6% in June Halifax

Dirk_Rambo

the halfax figures totally tally with my local experince. i can confirm that prices fell big time last month

chucky

chucknorris wrote: »

What context? I have never discussed anything with this poster! (at that point in time) and what has chucky do with it?

she thinks i'm you - she's not the brightest....

shes also self-obsessed thinking all the men are after her on this forum.
she's looking for attention, ignore her - the husband must be 'away on business'...

Dirk_Rambo

chucky wrote: »

shes also self-obsessed thinking all the men are after her on this forum.
she's looking for attention, ignore her - the husband must be 'away on business'...

are you voluntering? if you spent a bit less time on here you might be able to get yourself a woman. i mean a real woman not the intranet sort

chucky

Dirk_Rambo wrote: »

are you voluntering? if you spent a bit less time on here you might be able to get yourself a woman. i mean a real woman not the intranet sort

lol - no sorry i don't do damaged goods... maybe you need to have a bash... you sound the type that's in need...

Dirk_Rambo

maybe if we all chip in we can get chucky a goodtime girl and he can brake his duck. itd be a nice thing to do

phlash

My comment was about chucky not chucknorris.

The post where I addressed it to chucky/chucknorris, was aimed at chucky whose other alias could have been chucknorris.

If chucknorris is a separate entity to chucky then he has nothing to worry about as no comment was made about him, and I apologise for missing out the 'y' in my post.

I would however like to thank chucknorris for his kind and favoured words, and extraordinary ability to miss the punt.

Chucky was posting without any useful content, for which I was making reasonable suggestions to spark discussion. He was unable to string anything sensible together, hence the comment (pun as carolt has pointed out) about simply liking mass debates.

Hope this clears up chuckgate.

Generali

Wow.

A post stating that one particular measure of an average asset valuation has fallen by three fifths of one percent over the course of a month turns into a huge bunfight about who is sexually frustrated on here and whether carolt is a bully or bullied.

For the record, I do not feel bullied nor believe myself to be a bully. My love life is between me and my ISP ;-)

chucknorris

Generali wrote: »

Wow.

A post stating that one particular measure of an average asset valuation has fallen by three fifths of one percent over the course of a month turns into a huge bunfight about who is sexually frustrated on here and whether carolt is a bully or bullied.

For the record, I do not feel bullied nor believe myself to be a bully. My love life is between me and my ISP ;-)

It's much worse than that for me generali, apparantly I might not even exist, I earlier explained to my wife that I could just be a fragment of chucky's personality. She didn't appeared to be worried but if she thought it through that would mean that she doesn't exist either. Strange world we live in. Very Phillp K !!!!!!.

Nice pic of a mountain and mole hills.

Going back on subject what's your take about the correlation between GDP and house prices and the forthcoming cuts in public spending which will of course lower GDP. With the implication being house prices too? I would be interested in your thoughts.

I haven't got an agenda and do not try and defend a bear or bull position. Mine are yes of course it will have a dampening on property prices but there are other influences too. I can see this mess we are in going on for some time yet. I just wonder if we are going to be in a period of stagnation (say -5% to 5 growth) for quite some time, I can't see where the economy is going to pick up quickly and I also can't see how interest rates are going to rise quickly, so I wonder if we could be in this trough for some time.

chucknorris

phlash wrote: »

My comment was about chucky not chucknorris.

The post where I addressed it to chucky/chucknorris, was aimed at chucky whose other alias could have been chucknorris.

If chucknorris is a separate entity to chucky then he has nothing to worry about as no comment was made about him, and I apologise for missing out the 'y' in my post.

I would however like to thank chucknorris for his kind and favoured words, and extraordinary ability to miss the punt.

Chucky was posting without any useful content, for which I was making reasonable suggestions to spark discussion. He was unable to string anything sensible together, hence the comment (pun as carolt has pointed out) about simply liking mass debates.

Hope this clears up chuckgate.

I didn't miss the pun at all, I just didn't see why I should be dragged into it, when we haven't even crossed paths on here before.

I hope that you are not a policeman with your extraordinary ability to leap to wrong conclusions, it would be a bit tiresome for those that you kept arresting because they had remotely similar sounding names to criminals

Generali

chucknorris wrote: »

It's much worse than that for me generali, apparantly I might not even exist, I earlier explained to my wife that I could just be a fragment of chucky's personality. She didn't appeared to be worried but if she thought it through that would mean that she doesn't exist either. Strange world we live in. Very Phillp K !!!!!!.

I'd speak to your accountant if I were you to see if you can persuade HMRC that you don't exist.

chucknorris wrote: »

Nice pic of a mountain and mole hills.

Ta. I felt that the tempest raging over a teacup was getting a little hackneyed.

chucknorris wrote: »

Going back on subject what's your take about the correlation between GDP and house prices and the forthcoming cuts in public spending which will of course lower GDP. With the implication being house prices too? I would be interested in your thoughts.

I haven't got an agenda and do not try and defend a bear or bull position. Mine are yes of course it will have a dampening on property prices but there are other influences too. I can see this mess we are in going on for some time yet. I just wonder if we are going to be in a period of stagnation (say -5% to 5 growth) for quite some time, I can't see where the economy is going to pick up quickly and I also can't see how interest rates are going to rise quickly, so I wonder if we could be in this trough for some time.

Well my feeling is that, long term at least, the stronger connection is between wages and house prices. Short term there's a whole lot of noise surrounding interest rates, 'bubble mentality'/mustn't miss the boat/can make money for splashing up some magnolia paint, attractiveness of alternative investments and loads of other things.

It's worth remembering that the Government cutting welfare payments doesn't impact on GDP as transfer payments aren't included in Government spending for the purposes of GDP calculation so ironically, the change in the budget likely to have the biggest direct impact on the housing market will not be caught by GDP calculations.

Clearly a period of austerity and rising unemployment is unlikely to be positive for house prices. I also feel that something has to give regarding debt deflation and the inablility or reluctance for banks to lend. Certainly the stagnation view is very popular and given that house prices can remain resiliant in the face of the travails of the UK economy over the past couple of years or so then there is plenty of evidence in favour of that view.

I just have this nagging feeling that the problems facing the UK, European and US economies are really only just beginning. You're going to face a lot of competition from low tax, low wage economies in future and maintaining a super generous welfare state in the face of that is going to be extremely tough if not impossible especially given the debts that will need repaying as a result of the most recent SNAFUs.