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Debate House Prices
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Land registry 0.2% down MOM, 1.5% UP YOY.
Comments
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Land Reg have quietly revised last month's figures down to -0.9%. This month's figures are actually -0.6% on last month's headline figures.
it happens all the time mate, sometimes up higher and sometimes lower. I woudnt get too excited.
There is no conspiracy theoryPlan
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 -
Hamish also has a sense of humour, intelligence and sometimes generosity even if his views are rather one-sided.
Sense of humour ? I suppose so.
Generosity ? Well he did buy an elderly relative a place to live in.
One-sided ? He'll claim that he's on the side of FTBers, saying that the banks are being mean in demanding such high deposits for mortgages. Why would Hamish want the banks to be more generous to FTBers, I wonder ? Hint : He bought a property for an elderly relative to live in. A generous act ?
30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
it happens all the time mate, sometimes up higher and sometimes lower. I woudnt get too excited.
There is no conspiracy theory
Heh, nope, I'm not getting excited - just offering the numbers.
(But I reserve the right to get a *little* excited when tomorrow's Nationwide figures go YoY negative...)0 -
(But I reserve the right to get a *little* excited when tomorrow's Nationwide figures go YoY negative...)
Shouldn't do. Will just be passed off as stagnation.
Stagnation seems to have a spread of about 8-10%, with anything between -5% and +5% seen as stagnation and a "bull" victory.
And what's more, even if prices are falling 5% month on month at the moment, it don't matter....not one jot....all that matters is what prices were up to 12 months ago.
That is until, of course, a positive month comes through, then all of the above can be ignored and we can once again concentrate on the month we are living in.0 -
RPI inflation was 4.8% last year. So whilst the price has increased by 1.5% in a year they are actually worth 3.3% less.
No, I have used the -0.2 per month and multiplied it by 12 = -2.4 then subtracted inflation. this equals -7.2% per annum to be exact
Admittedly any one month is not reliiable, but the last four months have been down. It's pointless using a yearly average it is too slow to be useful.
Has anyone got all the monthly data, to get a shorter moving average?0 -
ie, 24750 deposit, return is 1.5% of total property value ie... 2.5k (ish) thats 10% return ... NET (but only when its SOLD) but why? why would I sell?
Doubt that amount even covers the purchase and sale fees. Let alone the money spend on home improvements, personalisation and maintenance. Nor we should we forget the mortgage interest either.
Keep a tally. Over the years people forget what they have actually spent on their property.0 -
No, I have used the -0.2 per month and multiplied it by 12 = -2.4 then subtracted inflation. this equals -7.2% per annum to be exact
Admittedly any one month is not reliiable, but the last four months have been down. It's pointless using a yearly average it is too slow to be useful.
Has anyone got a month by month figure, to get a shorter moving average?
I have taken the figures from the nationlandfax, multiplied them by inflation and then factored in a 0.4 rise in GDP.
But when I look up from the said figures, I notice that houses that are on the market now are cheaper than equivalent houses were last year.
So, in conclusion, the nearlynew house price index has been calculated to be lower than last year."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
I'm a bit confused, Monthly Land registry figures down again and the bulls are cheering.
What,s going on? When the price falls get even bigger and we go year on negative are the bulls going to launch fireworks from their pent house balconies?
:rotfl:
Get ready for a year of lots more falls.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
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