Nationwide November -0.3% MoM

the_flying_pig

Sibley wrote: »

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.

i have probably mentioned this before S but just in case - you're a fool.

the haliwide figures aren't a 'theoretical' measure - they are a measure of how much money actual sellers actually get for their houses.

lower prices quite likely do mean fewer people willing to sell but it is a fact that there are still about 50,000 people who do [see land registry] sell every month at lower prices.

Graham_Devon

Sibley wrote: »

Homeowners will never allow prices to drop. Trust me. I am one of them.

Fail.

They are, otherwise the index's wouldn't drop.

Percy1983

I think I have said previously I can see prices reducing locally, yes there is some which are overpriced and not reducing and clearly not selling, but there is many more where prices either start where they should be or soon reduce to get there.

As for celeration, it is a good reason to celerate for me as my ideal home keeps getting cheaper (I mean as in the type of property, not one particular house). In short drops mean I will get my home quicker and have lessor payments on my mortgage, this will have a knock on benefit for the next 25 years.

With that I am unlikely to hold off buying when I have my deposit unless there is clearly a pattern of big drops happening. I just want a home to start a family not an investment, so if I can afford my mortgage I have little concern for what happens, but I would like to think it will stay stable for the sake of the future generations.

sarkin1

Sibley wrote: »

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.

sell my house fast with 25% discount please as I am in the do do


:D:D:D:D

geneer

HAMISH_MCTAVISH wrote: »

The salient points for those who are prematurely calling another crash...

"The three-month on three-month rate of decline actually moderated to -1.3 percent from -1.5 percent in October."

Nationwide chief economist Martin Gahbauer said supply pressures were starting to ease and there was little to suggest house price declines would accelerate in the months ahead.

Woo hoo. A constant rate of falling prices in the months ahead.
BULLS WIN!!!!!:rotfl::rotfl::rotfl:

the_flying_pig

geneer wrote: »

Woo hoo. A constant rate of falling prices in the months ahead.
BULLS WIN!!!!!:rotfl::rotfl::rotfl:

it's a classic bull spin - if you don't like the rate of change, focus on the 2nd/3rd/4th/as far back as it takes derivative.

N1AK

Sibley wrote: »

Homeowners will never allow prices to drop. Trust me. I am one of them.

That explains why house prices dropped nearly £40,000 between Nov 07 and Feb 09 :rotfl:

It must also explain why house prices have dropped £6,500 since June this year :rotfl:

Each time you post that same nonsense argument I can't help being amazed that you're so astoundingly thick :T

geneer

the_flying_pig wrote: »

it's a classic bull spin - if you don't like the rate of change, focus on the 2nd/3rd/4th/as far back as it takes derivative.

And of course we should focus on the "average" uk price is if its meaningful to all property types in all locations.

Your typical manchester BTL muppet will be well pleased that London is pulling up the uk average.
Cos that means he won't be in NE anymore.
Won't it? :rotfl::rotfl::rotfl:

HAMISH_MCTAVISH

geneer wrote: »

And of course we should focus on the "average" uk price is if its meaningful to all property types in all locations.

No geneer, we should all focus on the "global financial crisis", because that means we won't have embarked on a 5 year and nearly £50,000 folly of delayed purchase and angry trolling on not one, not two, not three, but now four house price forums.

Edinburgh average house price Dec 2005 £175,197

Edinburgh average house price Oct 2010 £222,549

Percy1983

HAMISH_MCTAVISH wrote: »

No geneer, we should all focus on the "global financial crisis", because that means we won't have embarked on a 5 year and nearly £50,000 folly of delayed purchase and angry trolling on not one, not two, not three, but now four house price forums.

Edinburgh average house price Dec 2005 £175,197

Edinburgh average house price Oct 2010 £222,549

Oldham average house price Dec 2005 £92,020

Oldham average house price Oct 2010 £91,937

Does that mean I have had nearly 5 years of stagnation in bull terms?