Halifax HPI October 2010 +0.6%

1984ReturnsForReal_2

Its the 3rd of October

StevieJ

AD9898 wrote: »

Regardless of which side of the fence you sit, if house prices drop 20-30-40% from here, the banks will once again collapse, we can't afford that, so therefore every economic tool in the box and quite a few that aren't will be used to stop prices falling that far.

Unfortunately for FTBrs, their financial well being is likely to be sacrificed for the economy. Sorry to bring bad tidings as everyone knows my feelings on this, but at this time, a big leg down just seems unlikely.
Of course I will change my mind if I see evidence to prove me wrong.

We did before you bought your house

Graham_Devon

chucky wrote: »

the 65% down from peak prices that you predicted to happen never did...

never mind... chin up... never say die... pmsl

I've never once predicted that. I asked you to show me this prediction of mine last time you said I did. But you never did.

AD9898_2

StevieJ wrote: »

We did before you bought your house

Tbh Steve, I just say what I see, I really try not to talk from either VI position. I just got lucky really, falling prices don't affect me because I have no mortgage and obviously rising prices increase the value of my house should I want to leave the country when I retire.

My view still remains that prices have got out of hand, unfortunately, certainly for FTB'rs, the housing market, just like the banks is 'too big to let fail'.

StevieJ

AD9898 wrote: »

Tbh Steve, I just say what I see, I really try not to talk from either VI position. I just got lucky really, falling prices don't affect me because I have no mortgage and obviously rising prices increase the value of my house should I want to leave the country when I retire.

My view still remains that prices have got out of hand, unfortunately, certainly for FTB'rs, the housing market, just like the banks is 'too big to let fail'.

I was only jesting, you are one of the good guys I think

Anyway we are 3 up in the Ryder cup and I backed Workforce to win the Arc:beer:

Procrastinator333

AD9898 wrote: »

My view still remains that prices have got out of hand, unfortunately, certainly for FTB'rs, the housing market, just like the banks is 'too big to let fail'.

I agree with this, I don't think the banks or the country could handle a 30% nominal fall.

But what it can handle is 0-5% of drops with inflation running at 4-6% for a few years giving a further pretty large portion of real price falls.

From the banks point of view this is great, prices can fall at the rate people pay off their mortages (or a little more).

The government wins as the value of their debt (the non indexed linked portion anyway) goes down in value.

It is easier to make people swallow the lower standards of living that are coming via real rather than nominal cuts.

chucky

Graham_Devon wrote: »

I've never once predicted that. I asked you to show me this prediction of mine last time you said I did. But you never did.

oh dear... you never once predicted this?

i take it, this wasn't your prediction and you never posted this...

Graham_Devon wrote: »

I'm wagering 50-70% from peak.

The BOE has yet to put interest rates up, and boy are they gonna go up

http://forums.moneysavingexpert.com/showpost.html?p=19667373&postcount=51

not only are you a liar for denying it - it also shows one of your 'hopes' of yours that i was mocking you for that hasn't happened...

never mind... chin up

poppycod

HOUSE_PRICE_CRASH_GHOULS wrote: »

Oh dear. Crash over. Oh yes the crash that never happened is now officially over. Keep waiting bears keep waiting because you've got landlord mortgages to finish paying off. http://www.forexfactory.com/calendar.php

Why is this propagandist allowed to peddle this stuff on here??

He is the forum's version of Lord HawHaw spreading lies and disinformation for the benefit of whoever is pulling his strings.
:mad:

chucky

poppycod wrote: »

Why is this propagandist allowed to peddle this stuff on here??

He is the forum's version of Lord HawHaw spreading lies and disinformation for the benefit of whoever is pulling his strings.
:mad:

Graham_Devon wrote: »

I'm wagering 50-70% from peak.

The BOE has yet to put interest rates up, and boy are they gonna go up

http://forums.moneysavingexpert.com/showpost.html?p=19667373&postcount=51

poppycod

I have never seen Graha, peddle such obvious propaganda to serve his self-interest or others. He can give a frank opinion but never tries to pass it off as gospel.

The sudden rash of HP-critics and sockpuppets are just too unsubtle and are easily seen thru. This current one is just a sick joke.