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Debate House Prices
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House prices down 0.9% Nationwide report out
Comments
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Graham_Devon wrote: »It's been stale for about a year.
We've had an absolute <insert whatever word you like here> fest over house prices rising over the previous 6-9 months.
Now prices take a turn, you have decided it's stale.
That's cool. But it's been stale for ages. How many arguments can people have over trend lines, what stagnation actually means, nominal prices, how much harder it was in the 70's and the aberdeen housing market?
For the record, I called a stagnant market a year ago. It's not a recent thing as prices eventually turned.
I called rises and falls
http://forums.moneysavingexpert.com/showpost.html?p=25008459&postcount=211
P.s. Love your facination with Aberdeen, but please don;t move there. I want to return home one day
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Of course, however the LR have are not showing falls yet are they?
There was one month in March where it dropped a little, the remaining 6 months were all rises.
Like I've said I think 2010 will be a stagnant year.
Said that at the start of the year.
We do need falls in order for it to be stagnant for the year.
No, but the LR lags, doesn't it? So 2 months fall in the Nationwide won't show up in the LR yet.
Otherwise, I think you're about right....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »No, but the LR lags, doesn't it? So 2 months fall in the Nationwide won't show up in the LR yet.
Otherwise, I think you're about right.
Nationwide is only a percentage of what LR reports.
They do not directly correlate.
LR's latest release was for July, not that far a lag when everyones discussing Nationwides August release.
So while Nationwide showed a decrease in July, LR showed an increase.
Interesting also that Halifax are showing an increase.
I wish everyone would stop getting their knickers in a twist.
Many people thought this would be a stagnant year.
this means there will be a few months up and a few months down:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Dirk_Rambo wrote: »i dont think any one would in all serriousness diasgree with you with that sentement
Just out of interest how many times do you intend to delete and recreate this post?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Just out of interest how many times do you intend to delete and recreate this post?
Let Agent Dirk Troll do his work.
His plan is to give the bears a bad reputation.
I think he's doing a great job.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Nationwide is only a percentage of what LR reports.
They do not directly correlate.
LR's latest release was for July, not that far a lag when everyones discussing Nationwides August release.
I think you miss the point about the LR release. It refers to transactions that happened much longer ago than, say, Haliwide's July releases. that's because solicitors have a couple of months post-completion to file the details, IIRC....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
oh i'm very much here - it's not easy trying to discuss stuff when you for example try to tell everyone that 10% YoY HPI is a stagnating market or that real and notional hosue prices falls/rises are the same thing.Graham_Devon wrote: »You seem to be posting a hell of a lot less. Haven't been embroiled in a yer but no but yer but no but "are you saying" argument for days.
Oh and chucky's gone. Hamish is still around, but the amount of articles posted has dropped to practically zero.
And for your information. They are falling. They are not merely putting some signage up
house prices aren't exactly crashing they're basically flat YoY and will end up exactly where they were a year ago not 65% falls as where predicted... chin up anyway...
keep up the good work - never say day0 -
neverdespairgirl wrote: »I think you miss the point about the LR release. It refers to transactions that happened much longer ago than, say, Haliwide's July releases. that's because solicitors have a couple of months post-completion to file the details, IIRC.
I do understand that and the lag used to be longer.
Wuite possibly they are able to complete their books quicker due to lower transactions which in turn reduces the lag.
The LR report used to be 2-3 months behin the Nationwide / Halifx.
Now it's only about a month.
The July Data was released on August 27th
The August data is due on 28th September.
The release is only one month behind:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
But they are reporting on different events....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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I find it fascinating that people become fixated with these indicies above all else and can quote figures from months, even years ago.
It's as if they can't believe anything unless these figures tell them so.
Whether prices are rising or falling."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0
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