Nationwide index +0.1% MoM

Heyman_2

Joeskeppi wrote: »

Oh look, another one!

From having the bailiffs round to mortgage free in the space of a year, win the lottery?

Another case of Jackanory - dear oh dear, never mind I'm sure we'll have yet another influx of 'newbies' soon telling us about the impending crash whilst other usernames go strangely quiet. :T

wherediditallgothen

wherediditallgothen wrote: »

I understand the logic and would normally jump to the exact same conclusion, but that's not how it is in this case. A student mrs and an 8 year old son who seemingly takes pride in destroying his school shoes on a regular basis empties ones pockets rather rapidly unfortunately.

And you can add relocation to that list as well.

chucky

Heyman wrote: »

Another case of Jackanory - dear oh dear, never mind I'm sure we'll have yet another influx of 'newbies' soon telling us about the impending crash whilst other usernames go strangely quiet. :T

it's brilliant... it's always someone elses fault why these clowns can't afford to buy a house...

no wait... i have a £100k deposit and could buy a house right now but i did have bailiffs at my house a year ago because i had massive debts...

they're in lalaland

Damaged

Joeskeppi wrote: »

Oh wow, that thread is golden.

"It's Nearly Over, The Dead Cat Bounce, jump to page 113"

I'd love to mock the guy, but I have been banned again.

I like to read what people have to say, but this guy was changing his story all the time and I get sick of that as do I tire of people making conclusions out of nothing.

Blacklight

Batchy wrote: »

positively, stagnation if ever I saw it, If you look at long term real house price trend, its sticking to the 2.9% annual growth like they were a match made in heaven.
If you look at the nationwide index annualised its 3.1%.

This is where house prices need to be, and this is where they will stay at around 3% per annum. This is while there are 3% per annum pay rises, and while we have inflation at around 3% CPI.

This is where we are at, if inflation goes up, and so too does wage inflation to say 4% then I assume house prices will increase to this level. If it is at a greater level, then we enter a new bubble. All house prices will be doing is keeping pace with other assets, and income.

People who are saying we need a crash are wrong... all we need is stability, stagnation, and some confidence returning back to the market, that a crash can't happen, if it can't happen post June 2007, and do much detrimental damage, then it will never happen.

Granted FTBs need a discounted property but they do not need a crash. Ie help from the government.

If prices rise quickly, then expect interest rates to rise... when confidence has returned interest rates will rise, to prevent a further bubble. They dont do anyone any favours, except get governments voted in again! They dont want HPI to shoot up until 2013 at least...

Bob on. It's exactly the same thing that happened after the last recession.

Stagnation until prices become affordable. Then all of a sudden everyone has the same brainwave at the same time, all pile into the market and prices are up 25% in a year again.

I give it three years until we start to see prices creeping up again.

Blacklight

Damaged wrote: »

this is the best one though

http://www.housepricecrash.co.uk/forum/index.php?showtopic=128817&st=1680

quote of the day

http://www.housepricecrash.co.uk/forum/index.php?showtopic=128817&st=1680

No !!!! sherlock

This is the best one I've seen in response to today's Nationwide report:

Take out London 0.7% Greater London 0.4% and Northern Ireland 1.6% and you've got some good drops elsewhere.

For England as a whole house prices fell by a seasonally adjusted 0.5% in the third quarter of 2010. Annual price growth declined from 10.7% in Q2 to 6.1%.

Regionally:

West Midlands -0.9%
North: -1.2%
North West: -2.0%
Yorks / Humberside: -2.7%
Scotland: -3.4%

(These are quarter figures btw)

Why not just turn the bloody graph upside down and tell everyone how well it's going?

Generali

Joeskeppi wrote: »

Oh wow, that thread is golden.

"It's Nearly Over, The Dead Cat Bounce, jump to page 113"

Can't have a dead cat bounce in a market where you can't short sell. The dead cat bounce is caused by shorters taking profits, to take profits you have to buy the stock you shorted.

brit1234

martinbuckley wrote: »

....and in other news, one street in Aberdeen recorded double-digit rises.

Was that the Summer Surge in prices then?

Is that Hamish rigging his streets prices on Zoopla yet again.

:rotfl:

Graham_Devon

Can we have a place to post HPC observations? Like, maybe....HPC?

ess0two

AD9898 wrote: »

Just released, now if this thread is less than 10 pages, I'll be disappointed.

You'll be lucky if it makes 3 pages,its a + figure on the index.