Halifax Hpi September 2010 -3.6%

ukcarper

I don’t think they would have and why would they.

boomerangs

sarkin1 wrote: »

Halifax Hpi September 2010 -3.6%

Thrugelmir

mbga9pgf wrote: »

Probably not, and to be honest, Tory Bears need to accept that. However, the tories are more accepting of the natural state of affairs, of financial cycles, and we wouldnt have seen all those artificial props thrown in the way like Labour did in 2008-2010. We would have had the crash done and dusted now, potentially be 30% off peak, but the crash would have been over.

We are in unknown terriority. A different world to previous recessions. Where Corporations rule and capital flows move internationally at the press of a button.

So the artificial props have gone little more than stabilise the situation and allow the credit balloon to be deflated in an orderly manner.

Too much change is expected too quickly.

Batchy

dopester wrote: »

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.

All brought, i'm now a house owner, who has just lost 6k apparently according to Halifax. whooopidooo... bothered... and what? Doesn't stop me owning a house. Ill offset that against the real stamp duty saved, against the 10k ill save on my mortgage for the next 25 years, buy just securing the good variable rate following the end of the fixed rate. Which has just gone back up, it was top of the best buy league.

Ill worry when i can't pay the mortgage thanks!

nearlynew

ILW wrote: »

Can I have your permission to put that on a tee shirt?

Of course you can.
I honestly have not heard it before and have just made it up.

so it's sort of my quote.

cool

angrypirate

DervProf wrote: »

She`s gone.

Oh dear, did I frighten her ?

I`d have thought someone earning >£150K would be a better at this than her.

2 words - public sector. Automatically get pay rises for just turning up. Not like in the private where you actually have to earn it

DervProf

angrypirate wrote: »

2 words - public sector. Automatically get pay rises for just turning up. Not like in the private where you actually have to earn it

Tell me about it. Now the "funny money" has run out, I`m finding things a little tough, being a self-employed person. And despite the "pain" I`m feeling, I still don`t want a return to the credit crazy years of the past decade. Luckily, I did save for a rainy day, and those savings are now proving to be rather useful, despite the BoE trying to prise them out of my bank accounts.

MatteH

HAMISH_MCTAVISH wrote: »

Looks to me like Halifax is a statistical blip, as the three month on three month and annual figures for the two indices have now adjusted to a position more in line with each other.

If we get a big fall from Nationwide that opens the gap again, then it isn't statistical noise and I'd expect falls to continue until....

1. People pull their houses off the market, just like last time, supply falls off a cliff and prices rebound.

2. The BoE panics and pulls the trigger on QE2, mortgage availability increases and prices rebound.

3. The government panics and pulls the trigger on additional direct assistance for the housing market as any serious, and more importantly sustained, drops would trigger a double dip recession in the wider economy and threaten the banks stability. And then of course, prices would rebound.

Any way you look at it, sudden and steep falls will prove counterproductive for bears in the long term. So I rather think this will prove to be another false dawn for them.

Graham_Devon

I've just had a thought.

-3.6%

That's pretty darn big innit

mbga9pgf

Its only 1.4% off a 1/20th off the price of a house.