Halifax HPI August 2010 +0.2%

julieq

There was a fascinating piece on the BBC news last night where the bald presenter went around asking people whether we needed cuts and if so what we should cut. Fascinating in that at one point when given the standard list of cuts he said, well that's not enough, what else? And they were completely stuck. There's something about the recent tendency of the masses to believe that their often uninformed prejudices grant them expert status that makes me profoundly uneasy, given that the masses choose how we are governed but aren't prepared to take responsibility for what happens next because it's "all the politicians/bankers/immigrants/workshy fault".

And of course it doesn't help having an opposition shamelessly playing to this particular gallery because they're well aware that the consequences of what they spent is a painful period.

Of course we're nowhere near the French in ignoring the problem and giving disproportionate weight to public opinion. The pension rallies yesterday were astonishing.

Dirk_Rambo

i dunno. banks making stuff up again. they never stop do they. no wonder no-body beleives them any more

Pete111

mbga9pgf wrote: »

Your day is nearly here.... :beer:

I bought a few months ago, but made it clear I fully expected a further 25% drop in prices. Whether we get to see another 25% is yet to be seen, but I truly believe the next few months HPI data is going to be shocking, and will knock confidence when public sector bodies will be reducing staff numbers significantly. I reckon we will be 5% down from the "recovery" peak by christmas time, it will take another 2 years to hit the trough, but if you have been clever, saved a massive deposit and are chain free, your day is about to arrive...

For those like Hamish who are expecting aneasy retirement paid for by increasing house prices, tough luck YOU LOST!:rotfl:

And the prize for the most short lived and erroneous gloat goes to.....mbga9pgf!!!

System

Pete111 wrote: »

And the prize for the most short lived and erroneous gloat goes to.....mbga9pgf!!!

I think he also holds the prize for the long lived gloat, our "ticking time bomb armageddon" still hasn't happened

Emy1501

These and NW figures still point to 0 to -5% falls by end of year for me. Question is with hardly anything selling at the moment and the suggestion that over 1m tried and failed to sell last year will sellers or buyers blink first.

DervProf

doire wrote: »

0.2% rise? Surely you spend more than that eating out each month Hamish so why should it concern you?

https://forums.moneysavingexpert.com/discussion/comment/36166829#Comment_36166829

Good work.

Sibley

I'm claiming gloat of the month for the below post last week.:)

It will go down like a cup of cold sick to the bears but once again Sibley was right.:eek:

I bet the HPC gang are twisted right up on this news. All the old excuses will be coming out. One thing for certain. If the figures had been down we would have never heard the last of it. Now they can have it right up them :rotfl:

The problem is most of the crashers haven't got a large deposit. In fact they can't even pay their rent on time.

If house prices figures did start going down all sellers need to do is wait until they rise again. Last time we had all this crash talk nonsense sellers just took their houses off the market until prices rose again. Same movie all over again.

I actually think prices will rise this month. Just a little.

It's amazing watching the crashers getting all worked up these last 2 weeks. I'm really worried any house price rises now will send them over the edge.

Can we make a bargain now?

If there are any rises in data within the next 6 months can we agree a crash of 20% or more is off?

For that figure to be achieved there would need to be constant big drops.

I can't understand why the crashers think they will get their dream place cheap. People don't need to sell. Rates are so low. It's almost a pleasure paying the mortgage at the moment and believe me they ain't rising for a long time.

The only houses that will sell cheaply at the moment are the ones for sale. Even then I notice no crashers are saying they bought anything.

Wonder why?

phil_b_2

So which index is more accurate?

I dont know a great deal about either but it looks as though the halifax data is more averaged and shows a smoother trend line on the graphs VS the nationwide data which is more susceptible to showing noise, with mini dips and spikes.

System

They're both accurate, they measure different sets of data.

Doctor_Gloom

Sibley wrote: »

I'm claiming gloat of the month for the below post last week.:)

It will go down like a cup of cold sick to the bears but once again Sibley was right.:eek:

I bet the HPC gang are twisted right up on this news. All the old excuses will be coming out. One thing for certain. If the figures had been down we would have never heard the last of it. Now they can have it right up them :rotfl:

Run along now Sibeley. Your good wife Ting-Tong needs her back scratching. She love you long time.