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Halifax Hpi September 2010 -3.6%

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Comments

  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    mbga9pgf wrote: »
    Yes I did, yes I am to an extent, although buying at 30% below its valuation seriously helped.

    For me, cheaper housing is far more important than getting a struggling First Time buyer to pay for my luxuries later on in life.

    The 3.6% drop is against the price you paid for your house, not the original sale price. Its easy for buyers to look at Land Registry sale prices these days. Any prospective buyers will not know or be interested in what your house was originally up for sale at, they will see what you bought it for and then deduct the percentage drop in the market from that value.

    This is academic because I know your house, like mine, is a 'lifer' and so any drops are immaterial. :)
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    .
    • House price indices are not a conspiracy. They try to reflect, with different degrees of success, changes of asset prices in a complex market.

    :D

    Ahhhh, but they're only a conspiracy when they are rising....

    When they fall, the indices are spot on.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Batchy
    Batchy Posts: 1,632 Forumite
    The only thing that worries me about HPI and price drops are the equity in my house, when I come to remortgage.
    So worst case scenario, have to stick with what I have got... Long term... its not great, but at the end of the day I could have still been renting!
    Plan
    1) Get most competitive Lifetime Mortgage (Done)
    2) Make healthy savings, spend wisely (Doing)
    3) Ensure healthy pension fund - (Doing)
    4) Ensure house is nice, suitable, safe, and located - (Done)
    5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    Christmas just came early for the bears eh.
  • MGCP
    MGCP Posts: 145 Forumite
    HAMISH_MCTAVISH wrote: »
    I live in Aberdeen...[SNIP]...


    It's why I don't get worked up about it any more....

    Says the man who has made a name for himself on this site by being utterly obsessed with the state of the housing market in this country.

    Hamish, there is more to life than money, seriously.
  • abaxas
    abaxas Posts: 4,141 Forumite
    phil_b wrote: »
    Christmas just came early for the bears eh.

    I would disagree, it just shows the index is flawed.

    Not that we didnt already know that *.



    * with exception of Hamish McBedsit.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    RenovationMan wrote: »

    If my house lost 3.6% in value, it means I'm now £16,200 worse off. Who do I have to pay this to?
    Me, because I am waiting to buy a house... that means I am £16,200 better off. So send it to me.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    Doctor_Gloom wrote: »
    Please don't shoot the messenger. It's an interesting Daily Telegraph article on house prices so totally relevant to this forum. I'm sorry if it upsets you so. Perhaps you only feel that 'good news' articles should be reported on here.

    I assume that's aimed at me. It's the same story about 3.6% falls as the other three threads.

    Anyway, why are you so reticent about where in London you are where the massive prices falls have occurred? I'm interested to know as I also live in London.
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    phil_b wrote: »
    Christmas just came early for the bears eh.

    And anyone in the market for a BTL investment.
  • Batchy
    Batchy Posts: 1,632 Forumite
    I wonder if my sale which went through at the end of August 2010 come through in Septembers figures.
    Still not on the houseprices website just yet!
    Plan
    1) Get most competitive Lifetime Mortgage (Done)
    2) Make healthy savings, spend wisely (Doing)
    3) Ensure healthy pension fund - (Doing)
    4) Ensure house is nice, suitable, safe, and located - (Done)
    5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
This discussion has been closed.
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