Halifax May +0.1%

HAMISH_MCTAVISH

geneer wrote: »

We're actually talking "real" house price falls.

Or, as everyone called it back in the 90's, a House Price Crash.

This desperate repositioning of "real terms" falls as a win for the bears is just, well, a bit sad really.

Real terms falls only help if wage inflation is significantly changing the ratio of house prices to income..... As happened in the 90's, but is NOT happening today at anywhere near the same rate.

Otherwise all that happens is the cost of everything else rises relative to wages, and house prices remain more or less constant relative to wages, meaning the ability to save a deposit decreases and there is no advantage to waiting versus getting on with it and buying.

Now, hands up all the bears who are expecting wage inflation to be significant.....
















Anybody?




















Anybody?























No, I didn't think so.....:cool:

Sibley

I'm happy to see a ++++

No seller will drop their price with headlines like this.

smamst

Sibley wrote: »

I'm happy to see a ++++

No seller will drop their price with headlines like this.

You're happy to see a -4.7 drop in prices year on year. Good on you lad, you are learning.

What you going to do when YOY hits -20%, have a disco?

Sibley

At the end of the day you can say what you like. House prices will be going up. We all know that.

The bears are not going to get a crash. That's all you need to know.

Herbie_Hancock_I_wish

I don`t know , what a bunch of silly billys you are , 0.4% . They are not clever . Totally wrong , The real story is here .

http://www.express.co.uk/posts/view/249854/House-prices-to-soar-by-16-House-prices-to-soar-by-16-House-prices-to-soar-by-16-

Get ready to rock and roll, the collapse of the banks didn`t really happren . Just a bit of a joke to get us all going . Oh how we did laugh . Unemployment, rubbish, oh dear I am 7 weeks out of work in 40 years . Now redundant, it all got shifted to China . Maybe it`s me, but spotted this

http://www.statistics.gov.uk/cci/nugget.asp?id=12

High street um , um doing well . well yes but , no but.

http://www.mirror.co.uk/news/city-news/2011/05/05/number-of-store-firms-going-bust-jumps-30-in-first-quarter-says-report-115875-23107567/

Poor old Con Libs all whatever they are called don`t have a clue . Mind you do they care? About as likely as the Queen selling the big issue , however I think , the economy must be doing great , massive rise in inflation but all under control at a base rate of .5% . Again the stupidity of being so bearish of only a 0.4% rise in house prices . Be like me, get out there and buy `em, blinking bargain .

chucky

geneer wrote: »

A rather bearish Halifax report this time.

so that means anything that the Halifax publishes is believable now.

doire_2

Sibley wrote: »

I'm happy to see a ++++

No seller will drop their price with headlines like this.

Except those who have a house which is sitting months and months and no-one is biting.

Batchy

doire wrote: »

Except those who have a house which is sitting months and months and no-one is biting.

Accidental landlord springs to mind!

Sibley

Except those who have a house which is sitting months and months and no-one is biting

They wont sit there long when 100% mortgages return and you know it.

ruggedtoast

Realist Bear is going on about Great Crash Two, and saying he wont mind if his house purchase falls through. I suppose he has to be right at some point...