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Debate House Prices
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Halifax Hpi September 2010 -3.6%
Comments
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Thrugelmir wrote: »Who is then?
First Direct are good...
HSBC (FD's big brother) is likely to be expanding - they survived the Credit crunch in good shape
Am interested in the north/south & Halifax/Nationwide angle. The comparative resiliance of the south appears to be reflected this month at least.Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger0 -
I just find the comments about people dancing and so on about a bit of news that may make no difference whatsoever to their house buying situation rather odd.
Well comments like this I find odd.
What's he/she saying here? "Reduced lending and no new interest only loans are the trouble here. Real house prices haven't really fallen in areas, just the pesky credit conditions making it a blip." ?
Values have mostly all been powered up by easy credit on the way up Blacklight, during all the boom years. The restrictions in credit are totally relevant to property price falls.Blacklight wrote: »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.
Newsflash - last month in some of areas covered by Halifax/Lloyds, activity in the market saw sellers and buyers transacting at lower prices for houses. Resulting in a house price fall on the Halifax index.0 -
These figures for September are for house sales agreed 3-5 months ago why on earth are you all surprised anyway? Ive been on these boards for months saying prices were dropping, it was only a matter of time before they actually sold and were reflected in the figures.
For those of you who haven't brought a house yet, don't delay too long, get your !!! out into the market, make yourself aware so when drops do come, you know what you could have got for your money at least.
Your all gonna miss the boat again if your not careful!
Don't say I didn't warn you.
You will end up with the crap that is left over, yes its cheaper, but it will be for a reason, crappy neighbours, crap building, next to a pub/alleyway, flood risk, Noise, Airport, no parking etc, etc.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)0 -
Newsflash - last month in some of areas covered by Halifax/Lloyds, activity in the market saw sellers and buyers transacting at lower prices for houses. Resulting in a house price fall on the Halifax index.
Causing the largest fall in house prices since records began ever in the history of mankind, which not one single person saw coming.
I feel you might be oversimplifying slightly.
No wonder the media aren't making much of it.0 -
It's about being proved right.. after all these years.. sob. I never thought I'd see the day when I could tell my grandchildren that Grandad wasn't such an old fool when he was a member of HPC. At least now I'll see a new look of respect in their eyes.
1 swallow doesn't make a summer.............
Prices wll be rising again in Spring. I got my previous predictions correct on here. No surprise prices are taking a dip just now but sentiment will change by about March (yes, even with austerity measures.
Lending will remain restricted but there will still be sufficient to turn the prices back up. May well fall back next Autumn.
As I've said all along, this bumping along is the nrom but you wont get massive falls nationwide.0 -
RenovationMan wrote: »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.
one little flaw in your theory RR - the increases in value are filtered out and aren't included in these "peoples" calcuations...
RR?
Oops. You meant RM didn't you chucky?
Easy slip to make though, what with those famously alliterative names we've had in the forums recent history.
AA - erm cant think of one
BB - erm stuck again
CC - nope I'm a blank on this too.
DD - I'm stuck again, can you help out on this RenovationMan?
:rotfl:0 -
How long is someone willing to put their life on hold to buy a house with a bit more knocked off? lol
Is there a clear answer or is everyone the same, if everyone is the same, then everyone will be jumping in at the same time!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)0 -
For those of you who haven't brought a house yet, don't delay too long, get your !!! out into the market, make yourself aware so when drops do come, you know what you could have got for your money at least.
Your all gonna miss the boat again if your not careful!
Don't say I didn't warn you.
You will end up with the crap that is left over, yes its cheaper, but it will be for a reason, crappy neighbours, crap building, next to a pub/alleyway, flood risk, Noise, Airport, no parking etc, etc.
You've been in the process of buying for months. Did you complete your purchase in the area you said was full of repo houses and loads of bargains? I reckon they all just got a bit cheaper, and will continue to do so. Rather you than me in the wastelands, and I think you're gonna learn what value really is.0 -
1 swallow doesn't make a summer.............
Prices wll be rising again in Spring. I got my previous predictions correct on here. No surprise prices are taking a dip just now but sentiment will change by about March (yes, even with austerity measures.
Lending will remain restricted but there will still be sufficient to turn the prices back up. May well fall back next Autumn.
As I've said all along, this bumping along is the nrom but you wont get massive falls nationwide.
Surprised you've got time to write all this Conrad. What with those letters to your MP and counting your £20k/month income.0
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