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Debate House Prices


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Land Registry August: + 0.3% MoM, +6.7% YoY

1246

Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    FTBFun wrote: »
    How are official land registry figures "spin and bullsh1t"?

    Because you know better eh?
    the NumptyNew House Index is the way forward...

    you got to have sympathy for those living in Lala Land....
  • shupufski_2
    shupufski_2 Posts: 96 Forumite
    HAMISH_MCTAVISH wrote: »
    The August LR data released at the end of Sept should indeed roughly relate to July mortgage data.

    Nationwide July was -0.5%.

    Halifax July was + 0.6%


    So, this means that the information does not reflect current market conditions? Fair enough.

    Also, given mortgage rationing that the MSM complain about, are we to assume that most buyers are not representative of the population at large? This is supported by the low transaction numbers (compared to busier times) and hence could argue that the "averages" being calculated are for a smaller, more select, bunch of buyers - most likely to be buying more expensive housing.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    FTBFun wrote: »
    How are official land registry figures "spin and bullsh1t"?

    Because you know better eh?


    I trust my own judgement and don't have to rely on liars and thieves to tell me what is happenig.


    If you believe their !!!!!!, carry on.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    nearlynew wrote: »
    I trust my own judgement and don't have to rely on liars and thieves to tell me what is happenig.


    If you believe their !!!!!!, carry on.

    The land registry are "liars and thieves" are they? And that's based upon what, exactly?
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    nearlynew wrote: »
    I trust my own judgement and don't have to rely on liars and thieves to tell me what is happenig.


    If you believe their !!!!!!, carry on.

    Classic !! So now the Land Registry are part of the great VI conspiracy ?!??!


    :rotfl::rotfl::rotfl:
  • alpha23
    alpha23 Posts: 33 Forumite
    edited 28 September 2010 at 5:22PM
    It seems pretty clear to me that house prices are dropping and will continue to drop in the near future, the forces that propelled them upwards, are either now absent (easy credit) or transitory (low Interest rates). LR figures are misleading currently due to lag, regardless of opinion the above factors will swing the market round in time ( maybe a long time ). But IMO the change will come. And no I'm not from HPC.
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    edited 28 September 2010 at 5:34PM
    alpha23 wrote: »
    ... And no I'm not from HPC.

    So whose sockie are you?
  • alpha23
    alpha23 Posts: 33 Forumite
    I'm not posting on anyone elses behalf if that's what you mean. All your post has told me is that you come to the wrong conclusion. I shall bear that in mind when reading your future posts.
  • abaxas
    abaxas Posts: 4,141 Forumite
    Woohoo!

    The 'if the same property is sold again index' is up.

    Sadly that has nothing to do with the average value of property :P
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    alpha23 wrote: »
    I'm not posting on anyone elses behalf if that's what you mean...

    Oh look children, a huge pork pie...

    pork-pie.jpg
This discussion has been closed.
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