Nationwide +0.5%

wotsthat

ruggedtoast wrote: »

So to summarise this thread.

• House prices went up a bit
• Everyone disagreed as to why
• Graham confused everyone again
• People were beastly to him
• Julie insulted my penis (and has not apologised)

Is that about it?

Don't forget there was a discussion about Rush from two people who thought they were on the totally 80's thread.

Thrugelmir

RenovationMan wrote: »

Well, to further the discussion... What do you think the impact of 'struggling' borrowers will be on the market?

With the property market so fragmented one single event is unlikely to be the trigger for downward pressure, but more likely a combination of concurrent factors.

julieq

chucky wrote: »

well prices aren't exactly leaping forwards for flats are they but for detached properties they're cruising ahead.

why are prices for flats not increasing - i believe they've probably fallen YoY.

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/regions/html/regions.stm?f#table

If you look at the last quarter data (rather than YOY), you see that the performance of flats is better than the general market, though the YOU for general is better than flats. Which indicates I guess that there is increased competition at the lower end following a depressed period, so quarterly performance is far better than YOU.

It's until Dec 2010 only though. There's probably better data around, but searching for "house prices flat" on google at a period of stagnation finds a lot of extraneous guff.

Northern Ireland is showing good growth for flats for the quarter, quite surprising really.

Health warning on this is that I found it quickly out of interest and haven't really looked critically at it. So it is what it is, not supposed to prove any particular point.

julieq

ruggedtoast wrote: »

So to summarise this thread.

• Julie insulted my penis (and has not apologised)

I'm genuinely sorry you have a small penis

Rush were 70s too, not really 80s. They were far better when they were singing prog silliness and not trying to be credible. True for most prog bands to be fair: this week I have oddly enough mostly been listening to Dogs by Pink Floyd.

Thrugelmir

RenovationMan wrote: »

I'm still waiting for old thrugle to define 'struggling' and to say how 15% of mortgage holder 'struggling' will impact my street.

Ah.

The RM doesn't apply to me personally defence is brought into play.

Thrugelmir

RenovationMan wrote: »

Also, myself and thrugle were having a side discussion about mortgage default rates that was slightly off topic, but at least we are discussing economic/financial stuff and not an insult in sight (albeit there was a bit of 'chivving' on my part as I have to go home soon and rarely log in on here when I'm not paid too )

I'm sure we'll continue to debate for many months to come. As there's many twists and turns I suspect.
:beer:

IveSeenTheLight

Blacklight wrote: »

You've changed your tune Mr 'U' turn.

What happened to 'But house prices ARE falling!'?

HeHe,

He can't even jump from MoM, YOY or QOQ as their all positive

Cleaver

ruggedtoast wrote: »

So to summarise this thread.

• House prices went up a bit
• Everyone disagreed as to why
• Graham confused everyone again
• People were beastly to him
• Julie insulted my penis (and has not apologised)

Is that about it?

You've summerised this forum, not just this thread. Apart from the bit about your penis, which is new ground. Just going back to this thread, I wish people could make up their mind about whether my house is worth more or less, as I need to know whether I can spend the money I may have made tomorrow.

wotsthat

Cleaver wrote: »

You've summerised this forum, not just this thread. Apart from the bit about your penis, which is new ground. Just going back to this thread, I wish people could make up their mind about whether my house is worth more or less, as I need to know whether I can spend the money I may have made tomorrow.

Of course you can spend it. Apparently the benefits system is so generous that not only will it ensure your house increases in value but it'll also pay the debt back for you (well in 52% of cases it will anyway).

Anyway I don't care much for the font you've used which invalidates any point you are trying to make anyway.

Cleaver

wotsthat wrote: »

Anyway I don't care much for the font you've used which invalidates any point you are trying to make anyway.

That's a very valid point.