Halifax +0.1%

Jimmy_31

HAMISH_MCTAVISH wrote: »

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.




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.

Right i have read what you have said in that post a few times now and i have come to the conclusion that you are trying to say that all these houses im looking at with asking price drops are going to actually sell for MORE than the asking price.

So now when im looking at a house for sale that is say 120k and a while later its asking price is dropped by 20k i now will have to factor in that this is not the real price it is only a pretend price that is their to trick me into going to view the house, so when i offer 80k for the house that has an asking price of 100k the seller will probably refuse my offer and say the lowest they will accept is 120k.

The crafty bas*ards.

Thanks for the warning hamish you have just saved me a lot of time that i would have wasted on viewing houses with trick prices that are within my budget.

This house buying process is getting even more complicated by the day, thank god my local friendly estate agent is on hand to give me fair and honest advice else id be fleeced in no time:rotfl::rotfl::rotfl::rotfl:

Jimmy_31

Joeskeppi wrote: »

Hey Jimmy, what area is this?

The area i live in is within the north west, id rather not be more specific than that because if i was i fear that certain people on this forum are that clever they could somehow manipulate house prices in the area i want to live in.

As you may be aware the northwest isnt exactly london, so what you could do is get hamish to propertybee the whole of the northwests housing that is for sale and he could knock up a flow chart in no time and prove me wrong:)

ess0two

Jimmy_31 wrote: »

The area i live in is within the north west, id rather not be more specific than that because if i was i fear that certain people on this forum are that clever they could somehow manipulate house prices in the area i want to live in.

As you may be aware the northwest isnt exactly london, so what you could do is get hamish to propertybee the whole of the northwests housing that is for sale and he could knock up a flow chart in no time and prove me wrong:)

PMSL.... someone from the forum manipulate housing prices in a ceratin area.........priceless.

Jimmy_31

ess0two wrote: »

PMSL.... someone from the forum manipulate housing prices in a ceratin area.........priceless.

I was half joking when i wrote that, im pretty new to the internet and dont really understand it that well yet but ive read the stories in the papers about giving information out about yourself and where you live over the internet and id rather not give any details about where i live or want to live so ill admit that maybe it comes across to some people that i am probably lying about most things that i have said.

I noticed the thanks button a while back and have seen that some people have clicked it on some of my posts so im presuming that they understand that what im saying about house prices in my area isnt some made up idea to wind people up by saying houses are getting cheaper in the north west, its just me adding my views on house prices and my views are based on the prices in my area and the ones closely surrounding it.

Also i truly believe that if that hamish fella could find a way to push up prices in my area then he would go ahead and do it, the same way ive done my little bit to push prices down in my area by not paying a very very high price for a home:):):)

wherediditallgothen

ess0two wrote: »

PMSL.... someone from the forum manipulate housing prices in a ceratin area.........priceless.

Tin hat time.

Pimperne1

ess0two wrote: »

PMSL.... someone from the forum manipulate housing prices in a ceratin area.........priceless.

PMSL - that is the reason for most of the bears coming onto this site (the certain area being the UK).

ruggedtoast

THE_GHUOLISH_PEASANTS wrote: »

+0.1% Price RISES. Gosh this 'Fear Stage' is really something, aint it ghuols?

Thanks to you we can no longer write ghuol the way it should be writ.

Thanks a lot, you...

Cleaver

Jimmy_31 wrote: »

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.

Without sounding patronising, I think you're getting a bit confused. The average house price, whether it's the national figure, local figure, house type figure or any other average figure, just is what it is. It's not about whether you 'need' that figure, it just sits there being the average figure.

Your comment about the houses in your area being 'a lot cheaper to buy than they were 12 months ago' can be proved one way or another by looking at the various house price statistics for your area. However, if house prices in your area have fallen by 3% year on year (for example) then of course it's still possible for you to buy a house for 20% less than it sold for last year, in the same way that some people in your area might be buying a house for 10% more than it sold for a year ago. But the great thing about averages is that it takes all this data, and gives you an average figure.

Do you understand that the price you pay for a house, or the price you see a house for sale for, can be different to the average house price for your region? But that this doesn't mean that the average house price for your area is somehow wrong, or invalid? The average is just the average. It's up to you what you do with that information.

I would suggest that anyone looking to buy a house uses their own eyes to look at house prices in their local area and also keeps their eyes on the monthly price statistics for their area (volume, price, types etc.) as both tell different, yet useful, things.

Jimmy_31

Cleaver wrote: »

Without sounding patronising, I think you're getting a bit confused. The average house price, whether it's the national figure, local figure, house type figure or any other average figure, just is what it is. It's not about whether you 'need' that figure, it just sits there being the average figure.

Your comment about the houses in your area being 'a lot cheaper to buy than they were 12 months ago' can be proved one way or another by looking at the various house price statistics for your area. However, if house prices in your area have fallen by 3% year on year (for example) then of course it's still possible for you to buy a house for 20% less than it sold for last year, in the same way that some people in your area might be buying a house for 10% more than it sold for a year ago. But the great thing about averages is that it takes all this data, and gives you an average figure.

Do you understand that the price you pay for a house, or the price you see a house for sale for, can be different to the average house price for your region? But that this doesn't mean that the average house price for your area is somehow wrong, or invalid? The average is just the average. It's up to you what you do with that information.

I would suggest that anyone looking to buy a house uses their own eyes to look at house prices in their local area and also keeps their eyes on the monthly price statistics for their area (volume, price, types etc.) as both tell different, yet useful, things.

I think thats just making things a bit more complicated than they need to be. i could go to one of the estate agents on monday and ask them to arrange me ten viewings of houses, the same ten houses that have been sat there since early last year, and if i were to then pay the asking price of one of them houses i know i paid 20% less than what it was priced at last year.

I am now even more sure that all this data thats realeased regarding house prices is even more dodgy now that irregularities have been found in the halifax data.

What can i say, i dont trust banks or the data they release.

Cleaver

Jimmy_31 wrote: »

What can i say, i dont trust banks or the data they release.

Well as I said in my very first post, if you don't believe the data then there isn't really any point having this discussion.

It's like debating who's going to win the FA Cup this year. But if you don't believe that the FA Cups even exists, then it's a pretty pointless argument.

Just because I always like to hear this type of stuff, could you give maybe your top three or four points around how and why banks purposefully make up their figures for release?