Debate House Prices
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Nationwide November -0.3% MoM
Comments
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Graham_Devon wrote: »As long as I break records, I don't care
Anyway, when are the Halifax figures out. I feel as if the bull/bear thing could do with something to argue about.
I don't, I only come on to crack the odd (poor) joke now.0 -
Blacklight wrote: »Shut up Graham.
anyone else you want to be rude to today
your like the bull version of Carol:cool:
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“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
If you take the time to look at my profile you could call me and I can tell you what the market is really like.
You are about as good as spotting housing bubbles as you are trolls:cool:
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...-0.3% :beer:
Don't forget, Hamy-Wamy, as you're forever reminding us, most pwoperdee purchases are leveraged.
A small 0.3% fall corresponds to a 1.2% fall in equidee at 75% gearing or a 3% fall at 90% gearing. Not exactly small beer for **a single month**.
A nice big whopping one like, say, October’s Halifax fall of 3.6% corresponded to a rather meaty 14-15% at 75% gearing. Rather alarming for a month, non?
Even small nominal house price falls are pretty horrifying for all the debt dingo pwoperdee holders out there, as well you know.FACT.0 -
Nationwide:House prices continue to fall.
Nuff said really innit...0 -
I'm using these posts in my course work, keep it up.0
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I'd really like to ask the bears a serious question.
You get all excited when you see these figures every month.
As you know I have a house I could sell.
When figures go down do you think it makes me:
(a) What to kick my tenant out today. Then knock 20% off my house and sell it cheap?
Or.
(b) Keep collecting the rent. Enjoy the low mortgage rate. Sit tight for a few years until prices exceed 2007 levels then sell?
The way you all celebrate would make somebody think these figures mean you can walk round looking at every house imagining the owner would take how ever many per cent off the asking price. You have been shown already. Sellers won't drop the asking price.
When you had the big 3% drop the other month. Asking prices went up to cover it. :rotfl:
Homeowners will never allow prices to drop. Trust me. I am one of them.We love Sarah O Grady0
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