We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
December Nationwide MoM +0.4%
Comments
-
General direction looks like down-ness.Long live the faces of t'wunty.0
-
this is noise, quarterly is a good trend indicator, but not a predictor of the future, the fact is, prices are stagnant!
0.4% doesnt get more stagnant for 2010 for nationwide. anyone car to argue about a £500 difference for arguments sake.
End of... anyone marketing there property for the last 24 months will NOT have increased price from 2009/2010 nor reduced materially by comparison.
Not end of. Yes prices are nominally about the same from Jan 10 to Dec 10. But hat does not mean they have been stagnant during that period. The first 7 months showed positive quarter on quarter figures. The following 5 months have shown quarter on quarter falls. That is a period of increases followed by a period of price decreases.
In nominal numbers it went from 163,481 up to 170,111 and then back down to 162,763. I think this has to be chalked up to opinion. But in my opinion that is not stagnation.0 -
How can a seasonal adjustment be a good xmas pressie?
Now don't fight amongst yourselves
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Procrastinator333 wrote: »Not end of. Yes prices are nominally about the same from Jan 10 to Dec 10. But hat does not mean they have been stagnant during that period. The first 7 months showed positive quarter on quarter figures. The following 5 months have shown quarter on quarter falls. That is a period of increases followed by a period of price decreases.
In nominal numbers it went from 163,481 up to 170,111 and then back down to 162,763. I think this has to be chalked up to opinion. But in my opinion that is not stagnation.
Your right, im not disputing the indices, what I am disputing, is real world... prices just havent moved massively.
Expectations are the same as 2008/09/10... its just the indices are making a lot of noise.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 -
Your right, im not disputing the indices, what I am disputing, is real world... prices just havent moved massively.
Expectations are the same as 2008/09/10... its just the indices are making a lot of noise.
In the real world prices have moved more in some areas than others.
And more in certain property types than others.
Assigning more meaning to "average" figures than they warrant is know as [EMAIL="statw@nk"]statw@nk[/EMAIL], and is something the bulls are great at.0 -
I suppose I can't say that YOY prices have been fairly stagnant.0
-
I suppose I can't say that YOY prices have been fairly stagnant.
YOY has been fairly stagnant.
But the 12 datapoints in between haven't.
A bit like saying a year in business has been pretty static because you started the year ok and ended it ok.
However, that ignores the business's near bankrupcy in July and 20 staff laid off to survive. Only reason you didn't go bankrupt was because of government intervention. But profit margins look the same YOY, so nothing has changed.
One set of figures shows one thing (YOY).
Another set of figures shows another (Monthly).
One set of people want to look at one set. Another set of people want to look at another set.
Both sets of people are right. Both sets think the others are wrong.0 -
Graham_Devon wrote: »Only reason you didn't go bankrupt was because of government intervention.
What did the government do this year to preserve house prices?
As far as I can remember the government has done more to lower prices with spending cuts.
I am happy with my 2010 prediction, and expect a fall of 5-7% for 2011.
there has not been a big rise or a big fall, you cant expect prices to a flat line over a year. Prices are virtually the same as the start of the year I am fairly sure no one who predicted prices to be virtually staganant YOY did not expect 0% MOM for 12 months.0 -
<sigh>Graham_Devon wrote: »One set of figures shows one thing (YOY).
Another set of figures shows another (Monthly).
One set of people want to look at one set. Another set of people want to look at another set.
Both sets of people are right. Both sets think the others are wrong.
in other words house prices have risen for 10 years but fall for one month which means that house prices must be falling.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards