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Debate House Prices
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House prices down 0.9% Nationwide report out
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So house prices falling by 1.7% NSA with little distressed selling is good news for the bulls?HAMISH_MCTAVISH wrote: »Sorry Graham, I hate to pick on your reading skills for the second time in two days.
But....
Perhaps you could enlighten us as to which part of this......
..... is good news for the crashaholics?
If its 1.7% a month NSA without distressed selling, imagine what could happen in 2011 if interest rates go up...0 -
I thought the bears said Nationwide was a rubbish indicator yesterday. How come it's gospel today? :rotfl:We love Sarah O Grady0
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I thought the bears said Nationwide was a rubbish indicator yesterday. How come it's gospel today? :rotfl:
I`m not saying it`s gospel, but the BBC seem to think it`s blasphemous, so they won`t mention it.
What I will say is that I bet that at least one of those houses they lent money on was a nice house, in a nice area, and has dropped in price.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Another 11 years of 0.9% monthly falls would mean nominal prices had fallen almost 70% FWIW.0
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And the all important graph.
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mystic_trev wrote: »
That looks like it needs flushing out with new, improved, Quantitative Easing.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
No, this is the all important graph - where are we on it now?0
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