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Land Registry up 0.4%

124678

Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Still, + 0.4% is the strongest LR gain since January and shows the claimed falls in July reported elsewhere were false.

    Perhaps Dirk/Carol can stop bumping them now. :)
    can you please stop [STRIKE]proving people are wrong[/STRIKE], [STRIKE]discussing things with[/STRIKE] bullying people please!!!

    otherwise they'll just throw another hissy fit and go off crying for attention

    pmsl...
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Chris2685 wrote: »
    Yes, but where the heck are people getting the money from to do so?

    I heard something a while back, I think it was on newsnight, where the person talking said something like "in one of the deepest recessions in living memory, we have a situation where for most, it's meant they are better off than at any time over the last couple of decades".

    I would think this is true...for those who have kept their jobs, who are afterall, in the majority.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    edited 27 August 2010 at 4:18PM
    I heard something a while back, I think it was on newsnight, where the person talking said something like "in one of the deepest recessions in living memory, we have a situation where for most, it's meant they are better off than at any time over the last couple of decades".

    I would think this is true...for those who have kept their jobs, who are afterall, in the majority.

    I think that is true of most recessions GD, Inflation goes down, IR goes down etc.

    For may of us it is our first real taste of it (as adults/workers), it is just an absolute killer for those that lose their jobs.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 27 August 2010 at 4:35PM
    I heard something a while back, I think it was on newsnight, where the person talking said something like "in one of the deepest recessions in living memory, we have a situation where for most, it's meant they are better off than at any time over the last couple of decades".
    and i'm pretty sure they are right. those that were 'unhelathy' in the financial sense will be most hurt.

    however, there will be scars in the economy that will come back to bite others.

    it's good to see you feeling a bit better today.
  • GeneHunt_2
    GeneHunt_2 Posts: 286 Forumite
    Wow look at London go! 1.6% M on M and 12.1% Y on Y!
  • westv
    westv Posts: 6,508 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    GeneHunt wrote: »
    Wow look at London go! 1.6% M on M and 12.1% Y on Y!

    Those London folk always were a bit batty!
  • ash28
    ash28 Posts: 1,789 Forumite
    Mortgage-free Glee! Debt-free and Proud!
    Chris2685 wrote: »
    What is the average household income in your area?

    I certainly agree that outside of the south east, house prices tend to be more supportable by incomes. IF I could land a job up north if I moved up there, we could certainly be able to afford much more bang for our buck than we can down here. However, it is very difficult to get a job at the moment to take that kind of risk.

    So, how much is the average household income and unemployment in your area?


    I live in Wokingham Council area.

    Average (mean) male full time salary is £48k

    Average (mean) female full time salary is £31k

    I used table 8.7a from the list - Annual pay gross.

    http://www.statistics.gov.uk/downloads/theme_labour/ASHE-2009/2009_res_la.pdf


    Unemployment (claimant) count for Wokingham is 1.4%

    Unemployment overall - 4.6%

    Just pick your council from the list. The pay is different on the this to the ASHE figures - £41k and £32k

    http://www.nomisweb.co.uk/reports/lmp/la/2038431754/report.aspx#tabempunemp
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Taking the median (more suitable!) average of all employees in Devon, the average wage is £23,556.

    But it's ok, cus the average house price is £197,000

    Only 8x earnings. Which isnt really all that bad, its actually quite good. I mean, it could be 9x average....that would be just silly :)
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Strings wrote: »
    Mortgage rates are low-ish, and rental yeilds are pretty good in the scheme of things. If you've got the deposit, the yeilds will work well for you. It has for us

    I know I have several lifetime tracker mortgages (with no collar) believe me I am well aware of how low rates are at the moment.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • MiserlyMartin
    MiserlyMartin Posts: 2,284 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Generali wrote: »
    LR has a pretty big lag (3-4 months) over the Haliwide indices. Also while I think it is the most accurate measure of house prices it has limitations, for example new build, repossessions and probate sales aren't included.

    Am I right in saying that this is a recent new change to exclude new build and repo's etc from the LR figures? (Browns thing to make the figures look nicer?)
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