June Nationwide 0% MoM, -1.1% YoY

Batchy

interesting how everage price is 1k more than last month.

Here hoping that all the FTBers have kept pace with that with their deposit savings, else they will actually be taking on bigger mortgages unless they are able to save 1k per month (for the Nationwide average house).

Generali

Graham_Devon wrote: »

LOL

Beat me to it!

Someone will find a way in which they actually increased!!

They've increased quite a lot if you are dumb enough to measure the price in silver.

In Aussie dollar terms the 70% club must be almost right!

Mr_Mumble

Generali wrote: »

They've increased quite a lot if you are dumb enough to measure the price in silver.

Remind me why the British currency is known as "Sterling"?!

Related: Reuters - Sterling slides to 15-mth low vs euro, currency basket

I notice the devaluation everyday when the FTSE-100 is slightly up while the Dax and CAC30 are slightly down, its invariably thanks to Sterling weakness.

For housing debt junkies who're just trying to keep a roof over their heads another day and don't care about the wealth affect then currency devaluation is okay. For anyone else the impact is really starting to hurt with real income falling at 3%pa and disposable income, thanks to tax hikes, falling even quicker.

FTBFun

Mr_Mumble wrote: »

For housing debt junkies who're just trying to keep a roof over their heads another day and don't care about the wealth affect then currency devaluation is okay. For anyone else the impact is really starting to hurt with real income falling at 3%pa and disposable income, thanks to tax hikes, falling even quicker.

Really? I thought currency devaluation would be pretty good if we were aiming for an export led recovery.

Generali

Mr_Mumble wrote: »

Remind me why the British currency is known as "Sterling"?!

Related: Reuters - Sterling slides to 15-mth low vs euro, currency basket

I notice the devaluation everyday when the FTSE-100 is slightly up while the Dax and CAC30 are slightly down, its invariably thanks to Sterling weakness.

For housing debt junkies who're just trying to keep a roof over their heads another day and don't care about the wealth affect then currency devaluation is okay. For anyone else the impact is really starting to hurt with real income falling at 3%pa and disposable income, thanks to tax hikes, falling even quicker.

Because it was a pound (weight) of silver. That was a long time ago now.

Really2

Mr_Mumble wrote: »

Remind me why the British currency is known as "Sterling"?!

Based on it was an easy way of counting sterling's.
240 sterling's weighed 1lb. EG a pound of sterling's. So the currency name is derived from coinange not metal (sterling silver) as many believe. (although sterlings were made of silver)

neas

ruggedtoast wrote: »

:j:j:j:j:j:j:j:j:j:j
Timberrrrrr!!!
:money::money::money::money::money::money::money:
:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T

:eek:

tiiiiiiiiiiiiimmmmbbbbbbbbbbbeeeeeeeeeerrrr


Oh wait.. yea thats right you dummies its flat.. yet another 1/12 of a year you've wasted waiting and waiting.

Sorry but tired of bias on both sides.. theres plus and minus each month with a flat trend.. so theres no TIMBER happening at the moment.. yes in a year or two they might fall another 10% but you've lost another 2.5% of life of home ownership waiting (assuming 80 years life)

doire_2

neas wrote: »

you've lost another 2.5% of life of home ownership waiting (assuming 80 years life)

And? Some people dont think owning a house is the be all and end all of life you know.

ruggedtoast

neas wrote: »

tiiiiiiiiiiiiimmmmbbbbbbbbbbbeeeeeeeeeerrrr


Oh wait.. yea thats right you dummies its flat.. yet another 1/12 of a year you've wasted waiting and waiting.

Sorry but tired of bias on both sides.. theres plus and minus each month with a flat trend.. so theres no TIMBER happening at the moment.. yes in a year or two they might fall another 10% but you've lost another 2.5% of life of home ownership waiting (assuming 80 years life)

I'm sorry, I can see your lips flapping, but all I can hear is:

TIMBERRRR!!!

:money::money::money::money::money::money::money:
:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad:
:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:
:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T

:eek:

Mr_Mumble

Really2 wrote: »

Based on it was an easy way of counting sterling's.
240 sterling's weighed 1lb. EG a pound of sterling's. So the currency name is derived from coinange not metal (sterling silver) as many believe. (although sterlings were made of silver)

I phrased my post poorly and you've made a good point but its still kinda pedantic . The value of the Sterling coin came from it being made out of silver. If it wasn't silver it wasn't Sterling (and it wasn't necessarily 240 to the pound because it was the silver content and not the amount of coins that mattered).