The Spring Bounce..... One for Graham.

Graham_Devon

chucky wrote: »

hard for me to follow, well yes when you spout nonsense like that.

but good try at making things up again.

Hamish pulled you up on exactly the same thing

You are trying to hard now chucky.

geneer

Its fair to say the land reg is heavily influenced by london of course.

Not that chuckles and spamish are ever compelled to dig deeper, or - god forbid - put things in any kind of context.

chucky

geneer wrote: »

Its fair to say the land reg is heavily influenced by london of course.

Not that chuckles and spamish are ever compelled to dig deeper, or - god forbid - put things in any kind of context.

quick someone explain to poor ginger nuts how hedonic regression, mix-adjustment, repeat sales regression works. he doesn't have a scooby.

the_flying_pig

Hamish.

You are, I think it's fair to say, pretty much obsessed with seasonal variations in pwoperdee prices, [something that I'm sure a shrink would have a field day with but that's by the by].

So please answer me this question:

In a flat market, e.g. YoY no price change, a bit like a slightly more inflationary version of what we have now, if I am thinking about selling my house and buying another [e.g. upsizing or downsizing], am I better off [as far as I can in practice given what a pain it is to complete transactions etc]:

(1) buying and selling at the same point in time;
(2) buying in the winter, leaving the new house empty [or perhaps looking to let it out short-term, here I suppose I'm implicitly assuming that our hypothetical person can afford a deposit for his new house without selling], and selling the old house in the summer; or
(3) selling in the summer & renting short-term [or perhaps moving in with a friend or parent or something, clearly most feasible for singles] with a view to buying in the winter?


Cheers etc.

geneer

chucky wrote: »

quick someone explain to poor ginger nuts how hedonic regression, mix-adjustment, repeat sales regression works. he doesn't have a scooby.

Not like I haven't already asked for clarification chuckles.

http://forums.moneysavingexpert.com/showpost.php?p=44126310&postcount=27

But apparently Hamish is far too busy with other important matters.

http://forums.moneysavingexpert.com/showpost.php?p=44160074&postcount=2

:rotfl:

Pimperne1

the_flying_pig wrote: »

Hamish.

You are, I think it's fair to say, pretty much obsessed with seasonal variations in pwoperdee prices, [something that I'm sure a shrink would have a field day with but that's by the by].

So please answer me this question:

In a flat market, e.g. YoY no price change, a bit like a slightly more inflationary version of what we have now, if I am thinking about selling my house and buying another [e.g. upsizing or downsizing], am I better off [as far as I can in practice given what a pain it is to complete transactions etc]:

(1) buying and selling at the same point in time;
(2) buying in the winter, leaving the new house empty [or perhaps looking to let it out short-term, here I suppose I'm implicitly assuming that our hypothetical person can afford a deposit for his new house without selling], and selling the old house in the summer; or
(3) selling in the summer & renting short-term [or perhaps moving in with a friend or parent or something, clearly most feasible for singles] with a view to buying in the winter?


Cheers etc.

I think its a serious point so I shall try and provide an answer - although I have no doubt that Hamish will provide a much better one.

If you already have a property, have a decent amount of equity in it, have a decent credit rating and are in full time secure employment then don't sell your property just release some equity to purchase the next one. Then you can benefit from two doses of HPI and have a decent income from a BtL.

Does this help Etc?

Herbie_Hancock_I_wish

Pimperne1 wrote: »

I think its a serious point so I shall try and provide an answer - although I have no doubt that Hamish will provide a much better one.

If you already have a property, have a decent amount of equity in it, have a decent credit rating and are in full time secure employment then don't sell your property just release some equity to purchase the next one. Then you can benefit from two doses of HPI and have a decent income from a BtL.

Does this help Etc?

Not really. No mortgage , enough savings to buy a couple of flats even without equity release ( Fuel to the fire ). Pensions kicking in . OK, due to serious illness I am not working now, It is not terminal however it`s a pain.

Oh yes, I do go on HPC and often laugh myself to death at the overpriced rubbish .

Sooner or later , inflatiom will have to be dealt with . Could this mean higher interest rates ? Not sure as HPI , mad lending and bank bail outs have distorted the figures .

I know a number of people about to become unemployed , saw it in the 80`s then the 90s. here we go again .

Just wish that someone could explain to me why, at the peak, our place hit a 400% price increase in 10 years? Sorry , it was demand . All those people living in a large pit in the ground decided to buy at the same time .

Couldn`t makr it up.

Our pals bought a buy to let. Sure wouldn`t want their problems .

geneer

chucky wrote: »

quick someone explain to poor ginger nuts how hedonic regression, mix-adjustment, repeat sales regression works. he doesn't have a scooby.

Come on Chuckles.
Your pal Hamish has "gone dark" again.
So its up to you to explain.
How exactly does the comparison of like for like properties assist in
taking out any skewing effects when tallying up the global overall averages.

You appear to be very confident in this one, so clearly you know the answer.

the_flying_pig

Pimperne1 wrote: »

I think its a serious point so I shall try and provide an answer - although I have no doubt that Hamish will provide a much better one.

If you already have a property, have a decent amount of equity in it, have a decent credit rating and are in full time secure employment then don't sell your property just release some equity to purchase the next one. Then you can benefit from two doses of HPI and have a decent income from a BtL.

Does this help Etc?

no, not really. i tried to be clear that i was asking about seasonal variations only. your answer doesn't mention seasonal variations even in passing.

martinbuckley

geneer wrote: »

Well speak of the devil...



That is all.

and I'm guessing that in a period where transactions are lreally ow, the likes of this being sold will have quite a significant impact on the "average" price of a house.

http://www.rightmove.co.uk/property-for-sale/property-33289916.html