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Debate House Prices


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Halifax Hpi September 2010 -3.6%

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Comments

  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Is it down to the middle classes losing benefits, we have all seen the strain they are under on here.:D
  • DVardysShadow
    DVardysShadow Posts: 18,949 Forumite
    silvercar wrote: »
    Is this real money I can spend?
    Of course it is. If it carries on at this rate for another 14 months, houses will cost nothing and you can buy one with all the money you saved.
    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
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    AD9898 wrote: »
    Yeh, yourself and chucky I tend to think of as moderate posters. It's always difficult to post in threads like this if your opposite view point is too extreme.

    It was much harder in 2008. :)
  • Batchy
    Batchy Posts: 1,632 Forumite
    chucky wrote: »
    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...

    Calling it a crash is fair really, if it carries on at those levels... but seriously who thinks it will?

    If it is at those levels of fall for more than 6 months it would leave a big dent, and people with the money available to invest will absolutely PILE IN... there will fights and god knows what.

    Think about it, there are people on here who wouldn't buy a house until there is a fall. At the moment there is PENT UP demand, and in the future if there is future falls you would have every man and his dog wanting to buy two or more houses.

    Unemployment isnt that low, there are perfectly able buyers all out there, except there just isnt the mortgage availability that there once was... its all dried up.

    Until prices RISE, giving the banks confidence to get involved again, but with lower exposure to risk, ie higher deposits.
    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)
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    edited 7 October 2010 at 9:48AM
    IveSeenTheLight wrote: »
    Interestingly though, many of us had predicted a stagnant year for 2010.
    Even with this 3.6% monthly drop the Annual change is still 2.6%.

    Looks like many of us will proove our predictions to be correct again



    I'm relatively confused by their year on year figures.

    It says on their document that the average price in Sept. 09 was 163,294, and in Sept 10 162,096. That looks like a small fall to me, not a 2.6% rise.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    neverdespairgirl wrote: »
    I'm relatively confused by their year on year figures.

    It says on their document that the average price in Sept. 09 was 163,294, and in Sept 10 162,096. That looks like a small fall to me, not a 2.6% rise.

    Maybe they're seasonally adjusting or taking inflation into account or something???
  • wherediditallgothen
    wherediditallgothen Posts: 1,520 Forumite
    DVardysShadow wrote: »
    Of course it is. If it carries on at this rate for another 14 months, houses will cost nothing and you can buy one with all the money you saved.

    That's nothing. In 15 months, the owners will give YOU money as well as the house :D
    Set your goals high, and don't stop till you get there.
    Bo Jackson
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Can't be inflation, that would lead to a bigger fall not a rise
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • blueboy43
    blueboy43 Posts: 575 Forumite
    IveSeenTheLight wrote: »
    It is a huge percentage to be sure.
    Where's the arguments on transaction levels etc ;)

    Interestingly though, many of us had predicted a stagnant year for 2010.
    Even with this 3.6% monthly drop the Annual change is still 2.6%.

    Looks like many of us will proove our predictions to be correct again ;)

    I would guess that its only if prices increase by £7k over the next 3 months, will your boasting prove correct.

    Stranger things have happened.
  • wherediditallgothen
    wherediditallgothen Posts: 1,520 Forumite
    Heyman wrote: »
    Maybe they're seasonally adjusting or taking inflation into account or something???

    Or pluck the figures out of the air. :D
    Set your goals high, and don't stop till you get there.
    Bo Jackson
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