Nationwide November -0.3% MoM

myhouse_2

Whether the market is going up or down, you would expect the rate of increase/decline to vary, therefore to use a change from -1.5 to -1.3 to show that the market is recovering is highly deceptive.
How can Nationwide determine the flow of new property is slowing when it's now December? November levels bear no resemblance to spring levels.
Clutching at straws.

sarkin1

myhouse wrote: »

Whether the market is going up or down, you would expect the rate of increase/decline to vary, therefore to use a change from -1.5 to -1.3 to show that the market is recovering is highly deceptive.

How can Nationwide determine the flow of new property is slowing when it's now December? November levels bear no resemblance to spring levels.
Clutching at straws.

what he said

Cleaver

HAMISH_MCTAVISH wrote: »

Looks like the bulls got it right again....:D

Chalk it up on your specially made 'Housing Bulls vs Bears Scoreboard' that I'm sure you have on your lounge wall.

Brit, Dr Gloom etc., if you're reading this you need to update the same scoreboard you have in your house.

sarkin1

Blacklight wrote: »

Flat for 2010... another none news day.

Also from todays report

As things currently stand, real house prices
are 19% below their 2007 peak

:beer:

HAMISH_MCTAVISH

sarkin1 wrote: »

Also from todays report

As things currently stand, real house prices
are 19% below their 2007 peak

:beer:

Which of course is irrelevant, as the price of houses compared to chocolate and bananas is a pretty meaningless comparison unless wages also rise by inflation.

With regards to wage increases, owners have increased as much as non-owners, and we haven't wasted money buying someone else a house in the meantime.

In fact, we've had the lowest mortgage rates on record while you've got rents soaring to record highs and savings falling "in real terms" as interest rates are lower than inflation.

But have one of these anyway....
:beer:

doire_2

I really do have to laugh at the bulls for once again dismissing a fall.

If it had been a samll rise Hamish and co would have gone overboard with their use of :beer::beer::beer::beer::beer::j:j:j:j:j:j:T:T:T:T

sarkin1

HAMISH_MCTAVISH wrote: »

Which of course is irrelevant, as the price of houses compared to chocolate and bananas is a pretty meaningless comparison unless wages also rise by inflation.

With regards to wage increases, owners have increased as much as non-owners, and we haven't wasted money buying someone else a house in the meantime.

In fact, we've had the lowest mortgage rates on record while you've got rents soaring to record highs and savings falling "in real terms" as interest rates are lower than inflation.

But have one of these anyway....
:beer:

Chocolate, bananas, wages, what are you going on about, has Graham hacked your account?

Look just to keep this simple for you h.o.u.s.e p.r.i.c.e.s a.r.e 19% l.o.w.e.r t.h.a.n 2007

and are continuing to fall according to Nationwide, Halifax, RICS, Rightmove, Land Reg

HAMISH_MCTAVISH

sarkin1 wrote: »

h.o.u.s.e p.r.i.c.e.s a.r.e 19% l.o.w.e.r t.h.a.n 2007

No they aren't.

House prices, adjusted for inflation, are 19% lower. But the inflation bit (real terms) doesn't really help you or hurt us.

Actual prices are more like 10% down from the 2007 average. And that's been more than made up for by record low interest rates for most mortgage holders.

DervProf

Hamish.......

According to Nationwide, the average price of property fell slightly in November.

This bear got it right, I thought there would be a slight fall. I`m not using spin, waffle, or BS ("rate of decline reducing already" :rotfl:), just stating the facts. I suppose if next month`s figure is positive, you`ll be saying "the rate of increase is increasing already :beer:"

And because you couldn`t quite muster up a :beer:, I`ll do it.....

-0.3% :beer:

Blacklight

sarkin1 wrote: »

h.o.u.s.e p.r.i.c.e.s a.r.e 19% l.o.w.e.r t.h.a.n 2007

Interesting that this account only surfaces when there's news of falling house prices. What a bitter individual you must be.

It's also noteworthy that 50% off in nominal terms by December 2010 has now turned into 'HAH 19% lower in real terms over the last 3 years!'

What a bitter little man you must be.