Average house price up 4% since Dec 2010

doire_2

DervProf wrote: »

Methane gas ?

Provided, of course, by large amounts of bulls**t.

This thread made me laugh anyway. Especially the title.

Whats Nationwides share of the UK market? Around 5 or 6%? Yet average UK prices are up 4%? Misleading title methinks

wotsthat

The Nationwide's chief economist, Robert Gardner, said this stability reflected the "uncertain" state of the economy.

"House prices remain relatively high compared to incomes and, together with more demanding deposit requirements, this is dissuading, or at least delaying, some first-time buyers from entering the market," he said.

Isn't this really quite old news? The demanding deposit requirements have been in place for some time now. I do wonder whether we are still waiting for meaningful numbers of FTB's to save their deposits or whether they've saved and are waiting on the sidelines (or have become attached to having cash in the bank).

DervProf

wotsthat wrote: »

Isn't this really quite old news? The demanding deposit requirements have been in place for some time now. I do wonder whether we are still waiting for meaningful numbers of FTB's to save their deposits or whether they've saved and are waiting on the sidelines (or have become attached to having cash in the bank).

Maybe some have become rather attached to having the cash in the bank.

Maybe, having saved ~£15K, some FTBs suddenly realise that ~£120K really is a lot of money, and that seeing a few year's savings "vanish" is not going to feel too good.

IronWolf

Yes because using raw figures instead of seasonally adjusted isn't moronic is it.

[Deleted User]

There has been a significant fall since we sold last year. We sold at a massive `loss` last year and our neighbour in an identical house with identical views etc has just sold at 32k less than we got. Don`t give me that re house prices increasing, look outwards from london and you will see reality. Same goes for my new beautiful village, big drops in order to sell

geneer

Rinoa wrote: »

Further confirmation that the 'softlanders' are gradually being proved correct.

Full report: http://www.nationwide.co.uk/hpi/historical/Jul_2011.pdf

Because a bubble followed by a crash counts as a soft landing yeah?

:rotfl:

I do love the propensity amongst the bullish for picking two arbitrary points and ignoring everything between them.

geneer

kittie wrote: »

There has been a significant fall since we sold last year. We sold at a massive `loss` last year and our neighbour in an identical house with identical views etc has just sold at 32k less than we got. Don`t give me that re house prices increasing, look outwards from london and you will see reality. Same goes for my new beautiful village, big drops in order to sell

We don't do context or analysis here kittie.

Better to froth and fap at blunt global averages than consider the reality of the situation we are in.

Rinoa

geneer wrote: »

Because a bubble followed by a crash counts as a soft landing yeah?

:rotfl:

I do love the propensity amongst the bullish for picking two arbitrary points and ignoring everything between them.

Thanks for replying to my post first. :j

Yes, I think most consider years of HPI, followed by a modest fall in prices, followed quickly by 12% more HPI, as a softlanding.

Just check with your local Edinburgh Estate Agent for confirmation.

HAMISH_MCTAVISH

peakoil wrote: »

woah random sentence generator in overdrive! :rotfl:

the reality of your situation geneer is that you are to much of a loser to buy a house. loser :rotfl::rotfl::rotfl:

Does geneer really have you on ignore?

Wow.

So the troll doesn't like being trolled....... Imagine that.:D

robmatic

HAMISH_MCTAVISH wrote: »

Does geneer really have you on ignore?

Wow.

So the troll doesn't like being trolled....... Imagine that.:D

Geneer isn't a troll, he just has an exquisite lack of self awareness, loves repeated memes and can't stop with the devastating arguments.