Halifax Hpi September 2010 -3.6%

nearlynew

I don't take any notice of these figures either way.

I use my own judgement and have known for a while that prices were falling.

and they will continue for a while yet.

FTBFun

Graham_Devon wrote: »

I saw a comment on a news article. Said this £6000 average price drop is equal to nearly their entire rent for a year while they are saving a deposit.

Can see why people are dancing!

That was on the Daily Mail site wasn't it? I think its a bit silly to look at it that way.

Just because there's a statistical decrease doesn't mean the particular house someone wants in a particular area is automatically going to be £6k cheaper.

neas

If people get into negative equity, the government will support them as opposed to people renting who can be just booted out of their homes.

I moved house 3 times in the 3 years waiting to buy a house.... each move cost me around 200-400 quid each time in doubling up rent and petrol/van hire etc.

PasturesNew

If they fell every month forever by 3.6%, it'd still take over 25 years before they're £1.

Graham_Devon

FTBFun wrote: »

That was on the Daily Mail site wasn't it? I think its a bit silly to look at it that way.

Just because there's a statistical decrease doesn't mean the particular house someone wants in a particular area is automatically going to be £6k cheaper.

Haven't been to the Daily Mail.

Was probably Guardian, as I don't think the Telegraph have comments?

And yes, I, and the person leaving the comment acknowledged what you are saying, hence using the word "average".

You can look to far into a simple comment to try and refute the fact prices have fallen.

Graham_Devon

Hey Miskool, what was my faux pas that resulted in my light hearted thread being locked?

nearlynew

THE_GHOULISH_CONSIPRACIES wrote: »

Yes but your judgement is biased and blinkered. You only see and hear what you want to see and hear.

My judgement has served me quite well over the last 25 years of buying and selling houses.

sleepyj

THE_GHOULISH_CONSIPRACIES wrote: »

Yes but your judgement is biased and blinkered. You only see and hear what you want to see and hear.

Pretty ironic post

FTBFun

Graham_Devon wrote: »

Haven't been to the Daily Mail.

Was probably Guardian, as I don't think the Telegraph have comments?

And yes, I, and the person leaving the comment acknowledged what you are saying, hence using the word "average".

You can look to far into a simple comment to try and refute the fact prices have fallen.

I'm not refuting anything. My point still stands though - just because prices have fallen according to a statistical measurement doesn't translate to additional bargaining power when someone actually comes to purchase a property.

Blacklight

Reading between the lines, this statistical anomaly has more to do with geographical disparity and reduced lending due to the Halifax ceasing all interest only loans than it does with any property price falls.