Halifax +0.1%

wherediditallgothen

Jimmy_31 wrote: »

Is it really that unbelievable that a 150k house 12 months ago is now worth 120k and still not selling in the north of england

Well it's obviously not worth £120k if it's not selling is it?

Jimmy_31

chucky wrote: »

rubbish area innit

Not really, i can walk in my local shop and say alrite luv to the girl behind the till and she will say hello back,

Not like some of the areas ive worked in the past, alrite luv.....................................................................alrite luv......................................................................i give up just take the money for the milk and ill be on my way.

Or do you live somewhere special and fantastic that the likes of me a northern monkey couldnt afford to live, when i say afford what i really mean is that i wouldnt pay the silly prices some people have been paying these last few years

Jimmy_31

wherediditallgothen wrote: »

Well it's obviously not worth £120k if it's not selling is it?

The sellers think it is but i dont and it looks like many others think the same.

chucky

Jimmy_31 wrote: »

Not really, i can walk in my local shop and say alrite luv to the girl behind the till and she will say hello back,

Not like some of the areas ive worked in the past, alrite luv.....................................................................alrite luv......................................................................i give up just take the money for the milk and ill be on my way.

Or do you live somewhere special and fantastic that the likes of me a northern monkey couldnt afford to live, when i say afford what i really mean is that i wouldnt pay the silly prices some people have been paying these last few years

t'was a joke little Jim - loosen up, you sound too tense

wherediditallgothen

chucky wrote: »

t'was a joke little Jim - loosen up, you sound too tense

Jimmy_31

wherediditallgothen wrote: »

I know plenty of people who wish they had bought one of these instead of a 250k 2 bed mid terrace, or a quarter of a million pounds 2 bed terrace, seems even more of a stupid mistake to have bought one when you say it like that doesnt it.

I wont mention flats, sorry apartments.

Cleaver

Jimmy_31 wrote: »

the point is who gives a flying f*uck what the national average of house prices is, its a meaningless average number given to the public by a bank, why would i believe what a gang of dirty robbing b*stards tell me.

Also who gives a flying f*uck wether the average house increases or decreases by 0.1%, why do the banks bother to release meaningless data, is it to entertain that scoth t*t who keeps throwing numbers at everybody so he can feel like hes won something.

Blimey, quite the angry one.

There seems to be two points here, firstly the issue around whether the stats are made up and secondly whether they have any purpose and, once you get past the swearing, I think your post touches on both.

If you think the stats are made up then that's fine. I don't think they are made up, so we can just agree to disagree and the rest of the debate is pointless.

In terms of your 'who gives a flying f*ck?' point, it's up to you how you use an average figure. It just is what it is. I'd argue that it isn't 'meaningless data', in fact, I'd go as far as saying that it's actually the only real meaningful data that we receive on the housing market. Obviously month on month data is pretty pointless when looked at on a month by month basis, but it's very useful when looking at medium to long term trends. Indeed, what else can you use? The national and local averages, split by house type, tells you whether house prices are going up, down or staying the same. So I'm not sure why you think they are 'meaningless'?

Jimmy_31

Cleaver wrote: »

Blimey, quite the angry one.

There seems to be two points here, firstly the issue around whether the stats are made up and secondly whether they have any purpose and, once you get past the swearing, I think your post touches on both.

If you think the stats are made up then that's fine. I don't think they are made up, so we can just agree to disagree and the rest of the debate is pointless.

In terms of your 'who gives a flying f*ck?' point, it's up to you how you use an average figure. It just is what it is. I'd argue that it isn't 'meaningless data', in fact, I'd go as far as saying that it's actually the only real meaningful data that we receive on the housing market. Obviously month on month data is pretty pointless when looked at on a month by month basis, but it's very useful when looking at medium to long term trends. Indeed, what else can you use? The national and local averages, split by house type, tells you whether house prices are going up, down or staying the same. So I'm not sure why you think they are 'meaningless'?

Like ive said before i dont need somebody elses data when there is a price tag attached to a photo of a house for sale in an estate agents window near where i live. The same houses in said area are now a lot cheaper to buy than they were 12 months ago. the system i use is also based on medium to long term trends, it just involves me looking through a window now and again and thinking to myself houses are still falling in value so i wont buy one yet.

Maybe im just a simpleton and am making a complete mess of how i go about buying a home, im also just nipping to the shops so i may as well look through the magic lying window at the estate agents and have a quick look at all the fantastic oppurtunities i am about to miss out on.

HAMISH_MCTAVISH

Jimmy_31 wrote: »

there is a price tag attached to a photo of a house for sale in an estate agents window near where i live. The same houses in said area are now a lot cheaper to buy than they were 12 months ago.

Meaningless.

Most houses on the market for 12 months will have seen reductions in asking prices to stir up interest.

But actual selling prices may have stayed the same, gone up, or gone down. And if they have gone down, they may or may not have gone down in proportion to asking price drops.

For the fourth time, give us a town, and we can look up the actual achieved sales prices and know if your claims of widespread 20% falls in a year are fact or fiction.

the system i use is also based on medium to long term trends, it just involves me looking through a window now and again and thinking to myself houses are still falling in value so i wont buy one yet.

Maybe im just a simpleton and am making a complete mess of how i go about buying a home, im also just nipping to the shops so i may as well look through the magic lying window at the estate agents and have a quick look at all the fantastic oppurtunities i am about to miss out on.

Even in a boom, asking prices don't tend to be revised upwards once an individual house has been listed. And if it doesn't sell, they'll probably reduce the asking price.

So even in a boom, you'll mostly see falls in asking prices on property bee, and even in a boom, looking in the window at prices for houses that have been on a year will show reductions.

But neither of those things mean the actual selling price of houses are falling.

System

Hey Jimmy, what area is this?