Nationwide +0.5%

Generali

RenovationMan wrote: »

It was of interest, but it was a shame that the author didnt put in details of what the typical percentage of takehome pay was before the crisis so that we can compare it with his current and future scenarios to see the difference.

The CML keep those stats or at least used to but have shifted a load of their stats, those included, into their 'members only' section.

From memory 30%+ was typical. That might have been FTBs though or, given the state of my memory right now, it might have been the proportion of single women under the age of 40 that are right handed and wear red lipstick, "occasionally or usually".

julieq

ruggedtoast wrote: »

And there you go. Mean.

I'm not mean. I'm well above average

julieq

DaddyBear wrote: »

Definate stagnation in nominal terms. :beer:

Which everyone's happy with, with the exception of Geneer's mythical straw bulls (a straw bull GUARANTEES a soft landing)

The problem is that that won't happen for long because there is pent up demand the banks appear to be positioning themselves to satisfy.

Graham_Devon

julieq wrote: »

Which everyone's happy with, with the exception of Geneer's mythical straw bulls (a straw bull GUARANTEES a soft landing)

The problem is that that won't happen for long because there is [STRIKE]pent up demand[/STRIKE] the banks appear to be positioning themselves to satisfy.

Desire.

I fixed it for you again.

Pent up demand would see supply issues, as the supply dwindles due to the demand. We don't have supply issues. We have increasing supply in general. Suggesting the demand cannot, for whatever reason, make use of, the supply.

Therefore desire.

If we had all this pent up demand, as you keep suggesting, house prices would be rising strongly as demand takes over, not struggling month to month with new schemes developed to shoehorn that desire into demand through buying overpriced new builds with government and builder help.

Blacklight

I've been running some numbers and it looks like prices are set to rise again before too long.

32 months now and there has been no real change to speak of. That's 32 months of stagnation...

geneer

julieq wrote: »

Oscillation around a settling point innit. Nothing to see here, it's just stagnation.

Good news for bears then.

Thrugelmir

RenovationMan wrote: »

It it was approx 40% when rates were last at 4.5% before the crisis and it will be approx 39% when it next reaches 4.5% it kind of undermines the widely held belief that people are going to struggle mightily when rates return to 'normal'.

So many variables to consider. What needs to be weighed up is the impact on the property market even if just 15% of mortgage holders struggle. What would be the impact on your own street/locality?

julieq

Wow, rewrite the economics textbooks. Supply, Demand and Desire (sounds like a 1960s Motown girl trio... )

Graham, are you deliberately perverse? How do you make a shortfall of around 50K homes annually into increasing supply?

Still, at least we're slowly making progress. At least you're accepting supply and demand are factors.

geneer

HAMISH_MCTAVISH wrote: »

Nice spin....

They were YoY negative for the last couple of months, to much glee from a certain subsection of our posters.

This is a bit of a crushing blow for those who predicted the YoY drops would be accelerating now.

Is this the same Hamish who was on the land reg thread the other day essentially telling us that one swallow does not a summer make.

Funny how much more important a single statistical movement has become.

Its a crushing blow. Apparently.

:rotfl::rotfl::rotfl:

julieq

geneer wrote: »

Good news for bears then.

Well to be honest Geneer, it's about the best you're likely to get.

When can we expect the next leg down exactly?