Halifax HPI August 2010 +0.2%

doire_2

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:

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

Gloat of the month for that?

IveSeenTheLight

Generali wrote: »

This all points to more stagnation IMO and Hamish's (and many others') predictions of flat prices for 2010 are looking pretty likely to be fulfilled.

Generali wrote: »

I maintain that the interesting bit for the housing market, and the economy more generally, is going to be getting back to a normal position. Let us not forget that across the developed world for the most part both market interest rates and base rates are as low as anyone alive can remember. At the same time, Governments are borrowing more than at any point since WW2. Just look at the howls of protest as the Government tries to shave a few percent off the deficit.

Interesting read this
http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2010/09/uk_economy_some_good_news.html

Indicates that th UK is far better off than many western countries with the ability to take on more debt than we have.

I'm not a supporter of debt or defecit and I do think the long term benefit would be to live within our means.
Just pointing out that the gloom need not be as dark as some think.

nearlynew

House prices are continuing their fall yet the "index" shows a rise.


Yet more spin and bullsh1t.

abaxas

In other news....

The "British American Tobacoo" index shows a 0.4% increase in health benfits from smoking tabs.

Really2

nearlynew wrote: »

House prices are continuing their fall yet the "index" shows a rise.


Yet more spin and bullsh1t.

Sorry could not resist your yesterday reply.

nearlynew wrote: »

"showing signs of [STRIKE]falling[/STRIKE]rise"

I love that.

Generali

IveSeenTheLight wrote: »

Interesting read this
http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2010/09/uk_economy_some_good_news.html

Indicates that th UK is far better off than many western countries with the ability to take on more debt than we have.

I'm not a supporter of debt or defecit and I do think the long term benefit would be to live within our means.
Just pointing out that the gloom need not be as dark as some think.

Perfectly true. The UK Government gets to issue debt in a currency which it controls. Most developed economy Governments don't as they are in the Euro.

The most likely course from here, as history tells us, is that the economies of Europe and the US will slowly recover and business as usual will return so no need to panic. I just have a nagging doubt that the bust this time hasn't been of the normal sort so the return to normal won't either.

Time will tell as ever.

neas

i love this stagnation period... its like watching coronotation street. And i can now see as a 'middle grounder' (having bought but wanted house prices to drop) that brit isnt on this thread.... but on other was glaoting in.. i'd say hamish and brit are at extremes of views and rest sit in the middle.

Pimperne1

For what it's worth, I think Haliwide stats are too small in numbers and too higgledy piggledy in their data capture to provide much sense of what the market is doing. It is fun, however, taking the p1ss out of people who were so convinced that the figure was going to be negative! :T

shortchanged_2

House prices going up. :rotfl::rotfl::rotfl::rotfl:

What a load of guff.

nembot

If you take the middle ground between both the VI's it's still a drop, with the average price now at £167,953 and the average wage around £26,000 it's clear why some want/need prices to stay high.

Alternatively you could forget about a family & babies and buy at todays ridiculous prices, with dual incomes.