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Debate House Prices
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May Nationwide MoM +0.3% YoY -1.2%
Comments
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You may also get a bit of a rise from Halifax this month and both might be a bit static next month but should be falls from then on in. Hopefully some big ones.
l.
Like the "50% off by Xmas 2009" ones?:rotfl:“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 -
With static prices and 5% inflation, does that not mean a real 25% drop over about 4 years?0
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This is just noise, the crash is still on-going. You cant believe positive figures from any of the indexes, they have a VI to keep house prices high. When they report negative figures, you know that things are so bad that they can't hide them. They never report the true figures though. If they say "-1%" they really mean "-10%" and if they say "+1%", they really mean "-5%".
They are all liars and robber barons.0 -
credit: phdinbubbles over on hpc“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 -
A nice pretty graph, Hamish, confirming the usual story of increased misery 'oop North'. So no problems down here.
However, as debtistheft implies, the figures are totally fiddled. Plus 1% meaning minus 5% etc. I wonder what your graph would look like in the event that he is right? [Mind you, if he IS right, I've calculated that my own house is worth about minus £100K, so I'll write you out a cheque the day you move in.]0 -
as you can see from the graph, house prices are falling whichever way you look at it HamishHAMISH_MCTAVISH wrote: »
credit: phdinbubbles over on hpc0 -
as you can see from the graph, house prices are falling whichever way you look at it Hamish
:rotfl:
Or as Brit would put it....
"Prices are falling and will continue to fall".:rotfl::rotfl::rotfl:
They seem to have fallen about £6000 the wrong way so far this year.:beer:“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 -
must admit.. its 1 year nearly since i took the plunge and bought my house, secured my 3.99% 5 year fixed rate... and have been busy making it my own... and overpaying the mortgage down.
Mortgage is now 3.1x my salary not taking into account wifes salary... thats comfortable borrowing levels i hear. I believe house prices will take a hit when interest rates rise.. and yes house prices are 'falling' because of inflation... but with inflation being 5%... your salary will also be falling by 5%- your pay rise.....
Basically house prices will be inflated away.... but won't look like falls... i said that a year or so ago and seems to be true. A stagnation of prices along with moderate inflation (5% ish) will over a period of 3 years or so still gently 'drop' the prices. Whether or not your deposit savings also rise up by this moderate inflation level or your wage rises up is yet to be seen... but hopefully that way there won't be a shock drop but houses will be more accessible.0 -
0.3% must be all that good weather :T or is it the famous spring bounce?0
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0.3% must be all that good weather :T or is it the famous spring bounce?
Well seeing as it's seasonally adjusted, that would be 0.3% IN ADDITION TO the expected spring bounce.:D“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
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