Debate House Prices


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Halifax Hpi September 2010 -3.6%

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Comments

  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    ILW wrote: »
    Does seem to have gone very quiet from some regular posters.

    Give people a chance - the thread is only an hour old!

    Having said that, I would have expected Hamish to be around seeing as he's on here 24/7 :p
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    edited 7 October 2010 at 8:23AM
    doire wrote: »
    Dry your eyes. Did you ever say anything about cash buyers or mortgages more than 4x income when the figures showed a rise?

    You do take things ever so seriously sometimes doire. ;)
    doire wrote: »
    3.6 is a huge fall and no-one can deny that

    Errr...I think that's what I said wasn't it?
  • gagahouse
    gagahouse Posts: 392 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Joeskeppi wrote: »
    Convenient news on the date of the QE decision.

    Hopefully, will make £ prices even cheaper for me! I don't think they will announce anything today though, thought it more likely after the Spending Review given they've said they might need to support the economy with more monetary stimulus to counteract the govt spending cuts.
  • Batchy
    Batchy Posts: 1,632 Forumite
    This is true, however, Based on the fact Halifax don't actually provide mortgages anymore due to their uncompetitive product, I wouldnt get overly excited. This is probably based on 100 house purchases for really desperate buyers with rates at 5-6% + its not surprising they are showing annomilies.

    Is anyone stupid enough to use HALIFAX for a mortgage, all im aware they have been doing in the market recently is REPOSSESSING.

    The bonus is, while house prices fall, interest rates remain low for even longer. Meaning low mortgage payments and the ability to overpay the mortgage, so while I was thinking 25 years not so bad, now im thinking 10-15 years and its all paid up.
    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)
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    benb76 wrote: »
    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.

    Get used to it, the indexes get licked more often than one of John Pescott's Plates when they agree with some peoples VI.
    When they don't they are passed off as the work of J.R.R. Tolkien.:D
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Heyman wrote: »
    You do take things ever so seriously sometimes doire. ;)



    Errr...I think that's what I said wasn't it?

    Errr that point wasn't directed at you otherwise it wouild have been direclty under your quote
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    torontoboy45 wrote: »
    and premature. one month, one index.
    crash on?? that's the 36th time you've called it...

    you might be right one day, but i doubt it...

    good to see that the HPC ghetto have come out of the gutter to play today...
  • ILW
    ILW Posts: 18,333 Forumite
    Really2 wrote: »
    When they don't they are passed off as the work of J.R.R. Tolkien.:D

    Tolkien can be Hobbit forming.
  • silvercar
    silvercar Posts: 48,956 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    overlander wrote: »
    Halifax index -3.6 % :shocked:

    Full crash speed ahead, big pat on the back if you never bought this month, you just saved £7000 this month.

    Hopefully this is the start of some hefty falls and we get back to realistic house prices.

    http://www.bbc.co.uk/news/business-11491015

    Is this real money I can spend?
    I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    doire wrote: »
    Errr that point wasn't directed at you otherwise it wouild have been direclty under your quote

    Ahh you've edited your post. Fair enough.
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