Halifax +0.1%

crash123

Let's give people less information, less ability to compare prices, and less ability to know what's happening with houses in their area.

Hi Hamish
love your posts but in the last housing correction in 1989-1995 we did not have any of this information.
Everyone must take their own decision on when to buy a house.

FTBFun

crash123 wrote: »

Let's give people less information, less ability to compare prices, and less ability to know what's happening with houses in their area.

Hi Hamish
love your posts but in the last housing correction in 1989-1995 we did not have any of this information.
Everyone must take their own decision on when to buy a house.

Surely having this information to hand assists with making one's own decision rather than relying on the hearsay of an estate agent?

crash123

FTBFun wrote: »

Surely having this information to hand assists with making one's own decision rather than relying on the hearsay of an estate agent?

What I am trying to say is that we are lucky we have this info now(houseprices, land registry etc) but you have to decide when the time is right for you but remember it is for 25 years.

I would never rely on or trust an estate agent.

Jimmy_31

HAMISH_MCTAVISH wrote: »

While we're at it, let's abolish the stock market indices. After all, nobody needs to know whether prices are falling or rising. And let's keep the price of gold a closely guarded secret. Why not?

Oh, and of course, who needs any of those compare the market type websites. Complete waste of space. They're obviously driving up prices.

Genius.

Let's give people less information, less ability to compare prices, and less ability to know what's happening with houses in their area.

Although, I suppose if we reduce everyone to a bunch of thickies walking around looking in estate agents windows for their data, then at least you wouldn't be at a disadvantage......

so now we are comparing stock markets and the price of gold to putting a roof over your head, maybe thats fine for you but i want a home not an investment.

So im a thickie for looking at house prices in the estate agents window and then deciding wether or not i should buy one, so by that i presume you mean that i should be getting every bit of data possible regarding house prices and base my decision on that. can you not understand that i could go and buy a house tomorrow that i first saw up for sale last february and pay nearly 20k less for it, i know this because i saw the house up for sale in the EAs window last february and its still there now but nearly 20k cheaper.
Looking up the average house price in britain or my area would not have helped me in any way shape or form if i were to decide to buy this house.

I would say nearly all my friends bought their homes during the boom because they based their decisions to buy on media stories and banks telling them that house prices are rising and will not fall and throwing money at them, so friends think they will be outpriced forever and pay a joke of a price for a home. so having all this data on averages did them no favours at all and as soon as interest rates rise and their current mortgage deal ends they are stuffed, to me they are the thickies, or as most of them put it, i cant believe i paid so much for this piece of s*it house.

I will stick to my system thankyou.

Also hamish the post in which you told me that asking prices are fake and just a trick because the seller in fact wants thousands of pounds more than the asking price seems to be completely incorrect because one of the lads i work with got his offer accepted on a house at dinner time today for 14.5k less than the asking price. most of what i said in this post is anecdotal so please feel free to ignore what is actually happening to people when buying houses in the real world.

So like i said please feel free to ignore this post as it doesnt fit into your way of thinking, and also feel free to ignore this post if you cant come up with a decent comeback that makes you look good.

People do notice you know when you spend 3 pages spouting some rubbish and then somebody says something you cant answer without admitting you are wrong, and then boom your gone, onto the next thread to see if you can win that one, or carry on in the same thread and pretend you didnt see the post.

Dont tell me i already know i have had another e breakdown, very weak that mate

HAMISH_MCTAVISH

Jimmy_31 wrote: »

i presume you mean that i should be getting every bit of data possible regarding house prices and base my decision on that.

Correct.

can you not understand that i could go and buy a house tomorrow that i first saw up for sale last february and pay nearly 20k less for it, i know this because i saw the house up for sale in the EAs window last february and its still there now but nearly 20k cheaper.

*sigh*

A drop of 20K in asking price does not always mean you can get the house 20K cheaper.

Until you understand this, there's little point continuing.

Also hamish the post in which you told me that asking prices are fake and just a trick because the seller in fact wants thousands of pounds more than the asking price seems to be completely incorrect

I've never said that.

You seem to have a reading comprehension problem.

Jimmy_31

HAMISH_MCTAVISH wrote: »

Correct.



*sigh*

A drop of 20K in asking price does not always mean you can get the house 20K cheaper.

Until you understand this, there's little point continuing.




I've never said that.

You seem to have a reading comprehension problem.

I can go and buy a house tomorrow that is nearly 20k cheaper than it was last february, why this means i wont be getting it cheaper i dont know because its pretty much guarenteed the seller would snatch my hand off after spending over a year knocking 1 or 2k off at a time, knowing the average price in 07, 08 , 09, or whatever year does pretty much nothing for me, or i could pick one of the many many other houses that have had large drops in asking prices. or should i be paying 0.1% above the asking price because halifax said the house is now worth more.

Dont get me wrong i know other people take notice of the average house prices because when halifax or whoever it was said house prices dropped by over 3% last year i saw lots of 5k price hikes on rightmove the very next day to try and trick us dumb buyers into thinking we got a bargain if we had bought their house after knocking them down to what they were originally at before the bank said its now worth less.

My readings fine, i think you may have a problem though because you seem to have missed a few of my posts and missed a lot of other peoples posts, or maybe you just couldnt answer them;)

Cleaver

Jimmy_31 wrote: »

My point is, why do people need to know the average price of a house in britain or even the area they live in, publishing average prices has probably pushed house prices up in my opinion.

Have you seriously just raised this point? You don't see the point of using averages as a way to help people understand complex statistical information?

Jimmy_31 wrote: »

What do you think the average price of a house would be if no data on house prices was released by anybody and no stories were ran about house prices in the newspapers, tv, or radio. i think they would be quite a lot lower than they are now.

The average published house price doesn't effect house prices, the published average house price is what you get after all the effects on the market have been taken in to account.

This is probably one of the rudest things I've ever said on here, so apologies in advance, but I don't think you're particularly bright, so maybe it's best to leave this debate here.

geneer

HAMISH_MCTAVISH wrote: »

A drop of 20K in asking price does not always mean you can get the house 20K cheaper.

Until you understand this, there's little point continuing.

Speaks the man who can't quite comprehend that a rise in average prices does not mean that all houses everywhere have increased in price.

Cleaver

Jimmy_31 wrote: »

I can go and buy a house tomorrow that is nearly 20k cheaper than it was last february, why this means i wont be getting it cheaper i dont know because its pretty much guarenteed the seller would snatch my hand off after spending over a year knocking 1 or 2k off at a time, knowing the average price in 07, 08 , 09, or whatever year does pretty much nothing for me, or i could pick one of the many many other houses that have had large drops in asking prices. or should i be paying 0.1% above the asking price because halifax said the house is now worth more.

The two aren't the same thing.

Okay, let's make this simple, as I think you're confused and it would be nice for you to be a bit less confused as a result of a bit of effort on our part.

Let's say that the local authority weighs all the adult males (70,000) in a town and releases a report that the average weight is 12 stone 7 pounds. That is the average. Job done. It's no good you pointing at a man who's clearly 20 stone and shouting, "Well look at him! He's clearly not 12 stone! It's all a fix!", because it's an average. That man is just one data point out of 70,000. Do you understand this?

Let's take this one simple step further. The local authority run a report the next year in exactly the same way and find that the average weight is now 13 stone.

Would you find someone who was 14 stone last year, has been on a diet and now weighs 12 stone, and shout, "well, this is clearly not true, this man has lost weight, not gained weight! It's all a fix!".

No. You wouldn't say that, because it clearly isn't the case that it's a fix as you're basing your conclusions on one data point and not considering the other 69,999. Although the data tells you that men are getting slightly fatter in this region, you will still probably be able to find thousands have men who have lost weight. Depending on the average used (mean, mode, median etc., but let's leave this for another day) there might even be more men who have lost weight than gained weight, but the average can still go up.

Are you starting to understand the difference between an average and one individual piece of data? This is pretty much basic school maths we're going through here.

JonnyBravo

Cleaver wrote: »

This is pretty much basic school maths we're going through here.

What time do we start tomorrow?
Do you prefer red or green apples?