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Debate House Prices
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Rightmove Index for December 2010, -3.0%
Comments
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Every "bear" says that. Makes a bit of a mockery of the "unaffordable" argument.
Not every "bear"....this one doesn't as she doesn't have a pot to pee in! :rotfl:We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.0 -
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martinbuckley wrote: »Strange that Hamish missed this stat when he was busy quoting all the other ones.
To be fair to Hamish, these are the stats that the Bears used to deride but which they now like.0 -
Lets just get something straight!
Rightmove - dont work on house price movements, they work on categories and averages, and they do include repossessions.
Halifax doesn't include anything as they dont provide anyone with mortgages any more, so havent got any figures.
Nationwide is the same as halifax.
Land registry excludes repossessions and only compares prices for houses which have a sold price of more than one time within the period they can establish the price.
So, out of all the indices, the only one that really means what most house owners what to hear is the land registry, like it or love it, its a slow to react but factually the most important.
Rightmove is very volotile, and even when some drops 20k, it could still be 20k above the normal selling price for the area, when the next month they pull it cause it still hasnt sold.
Land registry doesnt have this volitility as its actually HAPPENED sales, its slow as its based upon completion and because they are in the hands of solicitors filing things on time.
You are dead right Batchy. LR are the only figures worth following (although they are a couple of months laggy).0 -
the.ciscokid wrote: »Assume for a second it is correct that speculation and "investments" in housing has priced out younger generations. Now please explain why that is right or fair?
To quote Hamish himself, prices are 7% higher due to 'investors', to which 7% is enough of a swing to price out quite a lot more people.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
7% higher over 13 years... i'll let you do the math...To quote Hamish himself, prices are 7% higher due to 'investors', to which 7% is enough of a swing to price out quite a lot more people.
feel free to PM me if you need help how to work out the annual compounding % over the 13 years... pmsl, talk about shooting yourself in both feet Percival...0 -
the.ciscokid wrote: »Assume for a second it is correct that speculation and "investments" in housing has priced out younger generations. Now please explain why that is right or fair?
There is nothing fair or right about the world. The only thing that is fair is the freedoms we have in this country
Other than that its a free market! People choose to do as they please.
I agree people buying second properties should be paying a flat 5% stamp duty. Or something along those lines.
But other than that what can you do?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)0 -
7% higher over 13 years... i'll let you do the math...
feel free to PM me if you need help how to work out the annual compounding % over the 13 years... pmsl, talk about shooting yourself in both feet Percival...
Not really shooting myself in the foot, yes annually it has been a slow increase, but do a simple sum right now.
Take any house for sale and deduct 7%... is it more affordabe?
Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
the.ciscokid wrote: »Assume for a second it is correct that speculation and "investments" in housing has priced out younger generations. Now please explain why that is right or fair?
It isn't. Life isn't fair - you don't have a right to buy a house.0
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