January Nationwide MoM -0.1% YoY -1.1%

joguest

"Stamp duty holiday was ending, and brought forward demand into Nov/Dec, and they did fall in Jan."

That's factually incorrect - if you look at the chart you will see that even the non-adjusted figure for Jan 2010 went up from the previous month. There was a dip in Feb 2010, but prices continued upwards again every month until the peak of the rally in June 2010.

I repoted your earlier comment for being abusive towards me and it was removed. I've now reported your most recent outburst. If you are not capable of engaging in reasonable debate then I will not respond to you again from now on.

HAMISH_MCTAVISH

joguest wrote: »

I repoted your earlier comment for being abusive towards me and it was removed. I've now reported your most recent outburst. If you are not capable of engaging in reasonable debate then I will not respond to you again from now on.

Mate, that's not abuse, it's a statement of fact.

HPC is full of loony-tunes extremist crash-rampers, who would like nothing better than for the economy to crash and burn so they can get a cheap house.

There are many threads here linking to some pretty reprehensible comments over there celebrating unemployment, celebrating recession, and the human misery that evictions, negative equity, and bankruptcy cause.

You can report me all you like, but that's the simple truth.

Gorgeous_George

AD9898 wrote: »

Dec 10 £162,763
Jan 11 £161,602

The next 12 months is going to be interesting.

Wait till the baby boomers die off.

And after a few years of the ConDems, Brits won't want to live here never mind foreigners (you don't have to be mad to move to Britain - but it helps).

GG

Mallotum_X

HAMISH_MCTAVISH wrote: »

HPC is full of loony-tunes extremist crash-rampers, who would like nothing better than for the economy to crash and burn so they can get a cheap house.

Whereas you are not a price ramper wanting to do well out of high prices at the misery of furture generations tied to ever increasing debts?

There are some onhere from both sides of the discussion that are able to discuss and debate, and there are others who ignore everything except what fits their blinkered view of the world.

joguest

HAMISH_MCTAVISH wrote: »

Mate, that's not abuse, it's a statement of fact.

HPC is full of loony-tunes extremist crash-rampers, who would like nothing better than for the economy to crash and burn so they can get a cheap house.

There are many threads here linking to some pretty reprehensible comments over there celebrating unemployment, celebrating recession, and the human misery that evictions, negative equity, and bankruptcy cause.

You can report me all you like, but that's the simple truth.

That's a straw-man argument. If I were to judge everyone posting on this site on the basis of your comments, it would be irrational.

Have I made any comments that celebrate unempoyment, etc? No I haven't. So why all the abuse towards me then?

HAMISH_MCTAVISH

Mallotum_X wrote: »

Whereas you are not a price ramper wanting to do well out of high prices at the misery of furture generations tied to ever increasing debts?

Mortgage payments for FTB's now at just 29% of after tax income, versus 68% in 1990.

Gosh, it must be miserable paying half the amount our generation had to for housing.... And having all the benefits of mostly everything else being cheaper and better as well.

I wonder how they cope.....;)

there are others who ignore everything except what fits their blinkered view of the world.

Indeed.....

Mallotum_X

And debt compared to income levels....

Is the property a FTB getting now the same as in 1990...

Interest rates that might change at some point over the next 25 years....

Pick and choose the facts....

martinbuckley

HAMISH_MCTAVISH wrote: »

Mortgage payments for FTB's now at just 29% of after tax income, versus 68% in 1990.

Gosh, it must be miserable paying half the amount our generation had to for housing.... And having all the benefits of mostly everything else being cheaper and better as well.

I wonder how they cope.....;)
Indeed.....

29% of income when base rate is 0.5% - That is frightening! So bearing in mind a lot of people are on a pay freeze/cut, what will that % figure be when the base rate returns to something greater than 3% (which it will)?

HAMISH_MCTAVISH

joguest wrote: »

Have I made any comments that celebrate unempoyment, etc? No I haven't.

You want house prices to fall, don't you?

And they cannot fall in isolation..... If the economy is booming and employment is rising then prices will be soaring.

Whereas the only way you'll get your crash is for an increase in forced selling driven by mass unemployment and/or bankruptcy, and the resulting reposessions and human misery as families get evicted.

So why all the abuse towards me then?

No abuse, just simple statements of fact.

HAMISH_MCTAVISH

martinbuckley wrote: »

29% of income when base rate is 0.5% - That is frightening!

Really? Show me all these people on a 0.5% mortgage....

So bearing in mind a lot of people are on a pay freeze/cut,

AVerage wages have increased every year since 2007. And continue to do so today.

what will that % figure be when the base rate returns to something greater than 3% (which it will)?

At the 2007 peak, with more expensive houses and base rates approaching 6%, it was 45% of after tax income. Still far cheaper than when our generation took out mortgages.