We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Spring Bounce..... One for Graham.
Comments
-
Graham_Devon wrote: »Did you know were still 20% down since peak?
On the Northern biased Halifax.....
10% down, Nationwide,
11% down, Land RegistryDid you also know theres only 4k between the bottom, that you and others called, and where we stand now on NSA prices? Just 4k.
On Halifax....
More like 12K on Nationwide.;)Could be hitting new lows soon, on these NSA figures.
On Halifax..... The one that does not correlate with the other two. The one that is investigating it's methodology because the results are screwy, and the one that pretty much everyone agrees has a Northern bias.
On that one..... Sure.;)Am I supposed to say "boom, headshot" now?
If you live Oop North, where it's Grim. Why not?: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 -
Oh what a surprise. The index which has a London bias is the correct one! Should have known!
Strange how you use the wrong index when talking about peaks though....wonder if the wrong index had a higher peak?
Infact, makes you wonder why it had a higher peak....what with this Northern bias dragging it down. 0 -
Graham_Devon wrote: »Oh what a surprise. The index which has a London bias is the correct one! Should have known!
The land registry has a London Bias???:eek:
Someone should tell them.Strange how you use the wrong index when talking about peaks though....wonder if the wrong index had a higher peak?
What convoluted nonsense are you on about now?Infact, makes you wonder why it had a higher peak....what with this Northern bias dragging it down.
Quite.
No surprise even Halifax have now admitted it's unreliable then.“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 -
Is this the point where we explain to Hamish what an "average" is and what relevance this might have to people who don't have an "average" house in every area of the uk.0
-
http://www.estateagenttoday.co.uk/news_features/House-prices-will-have-to-be-chopped-as-sales-drop
Dark outlook.
Anyone that deals with financial markets will know that low buying volume demonstrates a reduction in price is required to attract buyers. The estate agent makes money from commission and without volume they go out of business.0 -
FWIW Lloyds are considering a review of the Halifax index.
Halifax is too volatile. Nationwide tellls us what Land Reg will do in a couple of months or so but Halifax is now completely out of step with the other 2 main indices.
If there is a north/south divide Land Reg would be an average of the other 2, but it follows Nationwide, not Halifax.
http://www.ft.com/cms/s/0/5f6ba16a-6208-11e0-8ee4-00144feab49a,s01=1.html#axzz1J07DAfCdIf I don't reply to your post,
you're probably on my ignore list.0 -
Well speak of the devil...However, a 3% monthly rise in London’s house prices, taking them to 5% higher than a year ago, will have distorted the national picture
That is all.0 -
Don't care which index you use really. Name your favourite. Currently, they are dropping on all of them. So that will do me. (And I don't mean monthly).0
-
Is this the point where we explain to Hamish what an "average" is and what relevance this might have to people who don't have an "average" house in every area of the uk.
Is this the point where we have to explain mix adjustment and hedonic regression to geneer.....
Again.:eek:“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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards