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Debate House Prices


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June Nationwide 0% MoM, -1.1% YoY

Spiv_2
Spiv_2 Posts: 280 Forumite
in Debate House Prices & the Economy
http://www.nationwide.co.uk/hpi/historical/Jun_2011.pdf

House prices stable in June
• House prices were unchanged in June
• Price of a typical home in June is 1.1% lower
than one year ago
• Demand remains subdued, but so does supply
«13

Comments

  • Spiv_2
    Spiv_2 Posts: 280 Forumite
    Houseprices have "actually" gone up over the last month...
    Average Price
    (not seasonally adjusted) £168,205 £167,208
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Spiv wrote: »
    Houseprices have "actually" gone up over the last month...

    Monthly figures are just noise.
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Must have been the weather
  • abaxas
    abaxas Posts: 4,141 Forumite
    doire wrote: »
    Must have been the weather

    I agree, people dont buy houses when there is weather *

    * backed up with 3 years of data from 2008 onwards.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    I would have thought this was bad news for those wanting falls not those who own houses?
  • Batchy
    Batchy Posts: 1,632 Forumite
    Stagnation... right... who disagree's now?? pmsl
    Plan
    1) Get most competitive Lifetime Mortgage (Done)
    2) Make healthy savings, spend wisely (Doing)
    3) Ensure healthy pension fund - (Doing)
    4) Ensure house is nice, suitable, safe, and located - (Done)
    5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Batchy wrote: »
    Stagnation... right... who disagree's now?? pmsl

    Stagnation.... your having a giraffe aren't you?
    YoY it's down 1.1%
    At that rate, we will see 70% down in about 60 years :rotfl:
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    Spiv wrote: »
    http://www.nationwide.co.uk/hpi/historical/Jun_2011.pdf


    Stagtastic.:beer::beer: Get used to it. This is for the long-term. Take into account inflation and houses will gradually become more affordable. Hopefully my children will be able to buy at sensible prices in 25 years time.
  • Batchy
    Batchy Posts: 1,632 Forumite
    DaddyBear wrote: »
    Stagtastic.:beer::beer: Get used to it. This is for the long-term. Take into account inflation and houses will gradually become more affordable. Hopefully my children will be able to buy at sensible prices in 25 years time.

    Agreed, however, you have to hope for wage inflation too, just like us mortgage holders, makes everything cheaper, while mortgage (fixed) stays the same.

    Price inflation = makes things more expensive
    Wage inflation = makes things more affordable

    If the two go up in harmony, you get stability, if they come out of kilter then you have problems!
    Plan
    1) Get most competitive Lifetime Mortgage (Done)
    2) Make healthy savings, spend wisely (Doing)
    3) Ensure healthy pension fund - (Doing)
    4) Ensure house is nice, suitable, safe, and located - (Done)
    5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Batchy wrote: »
    Stagnation... right... who disagree's now?? pmsl

    LOL

    Beat me to it!

    Someone will find a way in which they actually increased!!
This discussion has been closed.
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