House prices to rise 25%..

IveSeenTheLight

The_Fox wrote: »

Unbelievable:rotfl:

You just have to witness it personally to realise that they will swear black is white in order to get their ramping message across, they cannot even be honest with themselves.
You can do a million things with statstics inorder to make them say what you want them to say, but the fact is that there is now a downward trend

Ignorance is not a virtue.

There have been tree consecutive -ve months displayed by the LR, but still not enough to negate the positive months earlier in the 20010 year.

So you have a 3 month downward trend. Down 1.38% in the three months, but up 2.2% over the year.

I've said the YOY figure is likely to lower, butthe facts are over the year, prices have remained pretty stagnant.

You will never get consecutive 0.00% HPI. Months will go up or down.

You're likely to see negative YoY months in the comin months dues to the rises at the end of 2009 / beginning of 2010, even if prices truly remain static from the LR November releases.

Maybe it's a factor of interpretation.
My interpretation is that a few percent up or down does not constitute a trend.

If the nominal price drops to £158,734, constiting a 5% drop (from the August 2010 peak), then you could infer prices are on a downward trend.

That said, they're likely to drop a few more months and then rise again.

Do you think prices will lower to the 5% (£158,734) drop from the Aug 2010 peak?

How about a drop to the Apr 09 (£152,440) trough?
that would be a 8.7% drop from the August 2010 peak or a 7.5% drop from the latest Nov release?

smeagold

RenovationMan wrote: »

Is this any different from the Gold ramping you do on here? Dont you feel that your a complete hypocrite?

I 'ramp', as you call it, gold on the gold bullion thread and if you bothered to read it you would see that I have repeatedly advised people not to put all their money in gold or silver but that it should be part of a balanced portfolio including commodity energy producers miners and other investments etc. and I tell people to DYODD. I do not' ramp' gold on any other threads except ones specifically about gold and silver I just defend it as an investment against the spurious and false claims of others. I won't mention gold on a thread until someone else does first, if they don't, I won't. I am perfectly entitled to do that thankyou and that does not make me a hypocrite. they in return are equally at liberty to pick to bits any bit of rubbish i say too

Blitz01

Sibley wrote: »

As per article:

House Prices Will Soar by 25%

Research carried out for the National Housing Federation predicted that the house prices in England will rise by 25% during the coming five years.
"Our report shows that despite concerns about the current housing market downturn, house prices will increase substantially over the mid to long term" said NHF chief executive David Orr.

Homeowners are now getting an average of just 90.9% of their asking price - well down on levels of 95.1% 12 months ago.
East Anglia saw the biggest drop in prices during the month, with the average cost of a home falling by 1.4%, while slides of 1.3% were recorded in Greater London, the South East, South West and East Midlands.
Despite the gloomy figures, National Housing Federation (NHF) research claimed the current market downturn would be over by 2010, leading to a return of rising prices.
It predicts the average home in England will cost £274,700 by 2013, with prices rising by 5.2% during 2011 and by more than 9% a year in both 2012 and 2013.
In the short-term, it expects prices to fall by a further 2.1% in 2009, before beginning to increase in 2010, edging ahead by 1.3%.
The research, by Oxford Economics, showed despite the current crisis, demand for property is still growing, while the supply of new housing is falling.

A stupid article, dragged from too long ago, and posted here by someone that hasn't a clue.

Lock this thread for god's sake.

smeagold

RenovationMan wrote: »

Is this any different from the Gold ramping you do on here? Dont you feel that your a complete hypocrite?

This was my reply earlier to a question is gold the best investment on the silver bullion thread:

smeagold wrote: »

Perhaps not, anything that rises with inflation is a safe-ish investment but if you invest in a commodity producer or oil company your exposed to counterparty risk, physical bullion has no counterparty risk

Hardly the words of a ramper as you call me.

and this posted yesterday:

smeagold wrote: »

I'd agree with that approach entirely and have often said that metals should be a part of a balanced portfolio. To sink one's entire savings into a single asset is high risk, Shares in energy/ commodity producers, miners offer as much inflation protection as gold or silver.

are these the words of a ramper?

(maybe we ought to drop this subject now what do you think?)

smeagold

RenovationMan wrote: »

To make it interesting, and to show what faith you have in Silver, why not tell us how much you are investing and at what price. That way, we can keep an eye on your 'gains' over the coming months/years?

I keep asking all the Gold and Silver bugs what their investment is and what their average is, but NOT ONE of them ever responds. Why is that?

http://www.youtube.com/watch?v=fph7Pidis8A

bought 2008/9:)