Debate House Prices


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Halifax Hpi September 2010 -3.6%

12357…66

Comments

  • carolt
    carolt Posts: 8,531 Forumite
    Too busy to stay long and enjoy the fun, but just wanted to say

    HA HA HA. :D

    Enjoying the headline immensely.
  • Orpheo
    Orpheo Posts: 1,058 Forumite
    What to do Mervyn?

    mervynking7_415.jpg

    You think we need to... Oh!

    ADAMS0703_1362161a.jpg
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    edited 7 October 2010 at 8:16AM
    http://www.bbc.co.uk/news/business-11491015

    'Low transaction levels in the housing market meant that there was volatility in the month-on-month measure of house prices, Halifax's housing economist Martin Ellis said.'

    Whatever happened to the '3.6% of nothing is nothing' argument or have we all forgotten about that now? ;)

    And surprise surprise the Halifax figures are all of a sudden credible again. ;)

    Definitely a huge drop though. Will be interesting to see what happens over the next couple of months.
  • AD9898_2
    AD9898_2 Posts: 527 Forumite
    Just heard this on the radio, that is a serious drop. And although it's only one month it's worth pointing out that I said only a few days ago there wouldn't be a crash at this time lol.

    Moral of the story ? don't listen to me, christ I was nearly as wrong in one post as Hamish is all the time. :D <jokin mate, well sort of> ;)
    Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.
  • CloudCuckooLand
    CloudCuckooLand Posts: 1,905 Forumite
    where are all the usual suspects...?
    Act in haste, repent at leisure.

    dunstonh wrote:
    Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.
  • carolt
    carolt Posts: 8,531 Forumite
    http://www.bbc.co.uk/news/business-11491015

    Enjoy.
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    torontoboy45 wrote: »
    agreed. and only an idiot would draw conclusions from this.

    don't anyone blame me for being cautious about this report - I've been knocking around the board for the past 3 yrs and witnessed a few false dawns.

    You and me both - easy to dismiss it as the usual game of one-upmanship that goes on here but you have to admit that 3.6% is a massive drop for one month!

    The next 2 months will be telling.
  • ILW
    ILW Posts: 18,333 Forumite
    CloudCuckooLand wrote: »
    where are all the usual suspects...?

    Does seem to have gone very quiet from some regular posters.
  • benb76
    benb76 Posts: 357 Forumite
    Massive disparity between this and the Nationwide figure, will be interesting to see how the LR figure corresponds in a couple of months.

    The thread on HPC makes amusin reading. Lots of excitement and mentions of a historic day in economics, based on an index that only last month was being dismissed as manipulated and unrepresentative of the whole market.
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 7 October 2010 at 8:21AM
    Heyman wrote: »
    http://www.bbc.co.uk/news/business-11491015

    'Low transaction levels in the housing market meant that there was volatility in the month-on-month measure of house prices, Halifax's housing economist Martin Ellis said.'

    Whatever happened to the '3.6% of nothing is nothing' argument or have we all forgotten about that now? ;)

    And surprise surprise the Halifax figures are all of a sudden credible again. ;)

    Definitely a huge drop though. Will be interesting to see what happens over the next couple of months.


    Did you ever say anything about cash buyers or mortgages more than 4x income when the figures showed a rise?



    benb76 wrote: »
    .

    The thread on HPC makes amusin reading. Lots of excitement and mentions of a historic day in economics, .

    Just like many a bull thread on here celebrating a rise of 0.3%



    3.6 is a huge fall and no-one can deny that
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