Land Reg Nov -0.6%

satchmeister

Pimperne1 wrote: »

What if we look at it year on year?

You mean Dec 2007 to now?

IveSeenTheLight

Generali wrote: »

LR has a huge lag

How huge is the lag?
They just released Novembers stats today!!!!!!

chucky

Pimperne1 wrote: »

What if we look at it year on year?

It doesn't matter it's down.

1.8% down in 6 months is the next leg down apparently.

It's got that desperate the the simple on this forum see it as negative news.

Sad buy true.

IveSeenTheLight

chucky wrote: »

It doesn't matter it's down.

1.8% down in 6 months is the next leg down apparently.

It's got that desperate the the simple on this forum see it as negative news.

Sad buy true.

The thing is, many of us believe we are in a period of stagnation adn that means you could have a few months up and a few months down.

The YOY could be a few percent up or a few percent down, but relatively still stagnant.

Certainly no signs of a second correction yet.

Pimperne1

satchmeister wrote: »

You mean Dec 2007 to now?

I think you will find I said that the market was a bit frothy then so I myself am quite content that that froth has been blown off. Otherwise the market seems a bit sticky "on the way down".

Graham_Devon

Pimperne1 wrote: »

What if we look at it year on year?

Feel free to.

But the past is the past.

To anyone looking to buy, or to anyone looking to sell, looking at figures from December 2009 is completely and utterly irrelevant.

It's only relevant to those who want to tott up the cash in their bricks which they can't release without looking at todays figures.

chucky

IveSeenTheLight wrote: »

The thing is, many of us believe we are in a period of stagnation adn that means you could have a few months up and a few months down.

The YOY could be a few percent up or a few percent down, but relatively still stagnant.

Certainly no signs of a second correction yet.

It's not me you have to convince ISTL.

There are people on here that hope and wish for a crash who will be disappointed that a 2% drop in house prices over a year means they won't have saved anything by waiting to buy.*

*unless it allows you to improve your mortgage rate by increasing your deposit. the downside to this is if we do have inflation it would mean disposable income will be decreased impacting the ability to increase that deposit amount. it's not going to be a happy time wannabe FTB's despite what the serial spammers on here tell will tell you.

Lennys_Shinpad

HAMISH_MCTAVISH wrote: »

Mortgage rationing hurts the young and the poor the worst.

Medium term it won't and you know it Hamish. Once the prices come down, the young and the FTB (including myself) will be able to buy a property without mortgaging themselves up to the hilt.

You know it.

myhouse_2

HAMISH_MCTAVISH wrote: »

The ongoing discrimination against FTB's by the banks.

Mortgage rationing hurts the young and the poor the worst.

Rationalisation, rather than discrimination. You can't lend money you don't have indefinitely. And if you give out more money than you have over 10 years, you need to give out less for a while to make up for it.

Whether mortgage rationing hurts the young and poor depends on whether you think it's better for the young to wait till prices fall back to long-term averages or to be lent lots of money just before they fall back to long-term averages.

geneer

Pimperne1 wrote: »

What if we look at it year on year?

What if we look at it since autumn 2007?