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Debate House Prices
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Halifax +0.1%
Comments
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Which means there aren't actually any bulls.
Well I would say two things to that, firstly it's the bears that define me as a bull. I consider myself to be a realist, not a bull or bear. When the economy is doing badly I think it's time to act bullish. Conversely when the economy is booming I tend to think slightly bearish and look for consolidation and profit taking.
Secondly I think that in a recession (by recession I mean in harsh times rather then the technical definition of a recession) expecting something to hold it's price can be quite bullish (I actually expect prices to be in the range of +1% to -3% this year). It has to read within the context of what stage the economy is currently at.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
angrypirate wrote: »NSA figure is 0.29%. Does that get you off Hamish?
Source?
Halifax don't publish it, and the actual prices listed in the report are SA.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Jesus.
Turned into kindergarten within 14 posts.0 -
Graham_Devon wrote: »Jesus.
Turned into kindergarten within 14 posts.
Note to self: Must try harder0 -
let's get back on topic to please the Devonian Institute of Economic Theory.Quarterly change -0.6%
house prices only fell 0.6% during the winter months during the next leg down.
at that rate it will only be 2017 before people will be able to get about 15% off house prices - that's quite a long wait.0 -
let's get back on topic to please the Devonian Institute of Economic Theory.
house prices only fell 0.6% during the winter months during the next leg down.
at that rate it will only be 2017 before people will be able to get about 15% off house prices - that's quite a long wait.
They are lucky that rents are falling and that savings accounts are paying so much over the rate of inflation then to protect the current and future value of their savings while they wait.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
http://www.lloydsbankinggroup.com/media1/research/halifax_hpi.aspHAMISH_MCTAVISH wrote: »Source?
Halifax don't publish it, and the actual prices listed in the report are SA.
Historical data on their website.
http://www.lloydsbankinggroup.com/media/excel/2011/05_04_11_historic_data.xls
I use the prices listed on the "AllMon (NSA)" worksheet which shows
Feb 2011 161680
March 2011 162151
(162151 - 161680) / (161680) * 100 = 471 / 161680 * 100 = 0.29%0 -
chucknorris wrote: »They are lucky that rents are falling and that savings accounts are paying so much over the rate of inflation then to protect the current and future value of their savings while they wait.
You should have encased your statement in
[sarcasm]
[/sarcasm]
just in case some don;t get it
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
JonnyBravo wrote: »Note to self: Must try harder
If we push together, bull and bear; socialist idiot and Tory toady then we can get there in 10 posts next month.0 -
I still think we need a music appreciation thread, +/- 0.1% isn't even worth passing comment on, although I will anyway
. Don't see a crash happening at this time TBH. The question is what do people want ? Without serious economic failure 25%+ off today's prices isn't going to happen, there is too much at stake with bank balance sheets.
My thoughts, if you have the deposit and can get a good deal, buy something. If you don't, inflation in energy prices over the next decade is likely to push wages and house prices higher which will mean an average deal today could look like a brilliant deal in 5 years.Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.0
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