Nationwide -0.6%

ukcarper

Graham_Devon wrote: »

Don't think anyone cares to talk about it really.



. Stevie and Ukcarper are too concerned with pretending they can't figure out what a chav is,

.

Sorry I had to stop contributing to this thread but I’ve been out in the Surrey Hills hunting for chavs unfortunately they are quite rare in that area and I couldn’t find any.

angrypirate

ukcarper wrote: »

Sorry I had to stop contributing to this thread but I’ve been out in the Surrey Hills hunting for chavs unfortunately they are quite rare in that area and I couldn’t find any.

What do you use on the hunt? I found a blow up doll of Jordan works quite well for bait (just dont ask where i got it from) and baseball bat to knock them out, but a machine gun can be entertaining too. It just feels too easy with a machine gun.

IveSeenTheLight

Rinoa wrote: »

Indeed. I notice also the recent Halifax rise only ran to 32 posts, whereas we're already up to over 80 here.

How wrong can a poster be.

I think as a minimum that this thread needs the following options to happen: -

1. To be on topic
2. The thread title to be amended so that the thread is on topic (maybe "Sandwich choice of spreads")
3. The thread is moved to a more appropriate board (What's the pub board again? I believe most pubs sell sandwiches and a nice selection of crisps

onlyroz

IveSeenTheLight wrote: »

I think as a minimum that this thread needs the following options to happen: -

1. To be on topic
2. The thread title to be amended so that the thread is on topic (maybe "Sandwich choice of spreads")
3. The thread is moved to a more appropriate board (What's the pub board again? I believe most pubs sell sandwiches and a nice selection of crisps

Don't be boring

zappahey

Caveat_Mortgagor wrote: »

I'll give an extreme example to demonstrate the point.

Only 3 houses sell in a particualr time period. £1m, £400k and £100k. Average price is £500k.

In the next report, the same houses are for sale, but only the two most expensive ones sell. However, they sell at 10% off the previous price. ie £900k and £360k.

The average price is now £630k. Does that mean that all houses are now more than 20% more valuable?

Generali wrote: »

Nationwide 'mix adjust' their sample to overcome this. 2 bed terrace house prices at time 1 are compared with 2 bed terrace house prices at time 2 for example. The don't just apply a simple average across sales:

http://www.nationwide.co.uk/hpi/method_qs.htm

<Round my way alert>

Purely anecdotal, based on observation in the area we're looking to buy.

Three similar houses were on the market two perfect and one needing a bit of work. The perfect ones go for £300k and the one needing work for £240k, averaging £280k.

Fast forward a few years and, for three similar houses, the two perfect ones go for £270k and the one needing work isn't even getting a viewer.

Does mix adjustment capture that? Is there any way to back up (or disprove) the anecdotal with hard evidence?

Thrugelmir

Pimperne1 wrote: »

Second leg down anyone (but really the transaction numbers are too low to make too much of this!).

And with no sign of a recovery in transaction numbers this year now. As peak selling time has passed.

A .6% downward swing is over 7% on an annualised basis (over £11,000 on an average property).

A rolling stone gathers no moss...........

Pimperne1

Thrugelmir wrote: »

And with no sign of a recovery in transaction numbers this year now. As peak selling time has passed.

A .6% downward swing is over 7% on an annualised basis (over £11,000 on an average property).

A rolling stone gathers no moss...........

Sorry, does not make sense. Even accepting that peak selling time has passed, peak selling time will return again before 12 months are up.

Percy1983

JonnyBravo wrote: »

I have a great image of you being packed off to work with your backpack and thomas the tank engine lunchbox.
I bet sometimes you just throw your sandwiches in the bin and only eat your crisps dont you, you little scamp?
As for the apple? Pah!

Worryingly that is not far form the truth! :rotfl:

The lunch box is plain but I would love a retro ghost busters one.

HAMISH_MCTAVISH

angrypirate wrote: »

What do you use on the hunt?

Horse and hounds of course.

Chavs make a perfectly good substitute for foxes, don't you know.

Generali

zappahey wrote: »

<Round my way alert>

Purely anecdotal, based on observation in the area we're looking to buy.

Three similar houses were on the market two perfect and one needing a bit of work. The perfect ones go for £300k and the one needing work for £240k, averaging £280k.

Fast forward a few years and, for three similar houses, the two perfect ones go for £270k and the one needing work isn't even getting a viewer.

Does mix adjustment capture that? Is there any way to back up (or disprove) the anecdotal with hard evidence?

Ultimately the Land Registry will capture all sale prices for completed sales. For asking prices, Rightmove claims to have 90% of the market.

Mix adjustment won't capture the difference between the renovated houses and the crappier ones.

Hedonic regression, adjustment done to a more granular level to compare the quality as well as size of property, is used by HBOS. That would capture the change in prices of different quality of house. The downside is that it needs a much bigger sample to get an accurate figure and it looks like the sample size is currently too small.

If all the indices are telling you the same thing then they are probably all right. If they diverge then you need to look at what each index is measuring and thus why they are diverging.

PS Camembert and tomato rolls for me today. Aussie Camembert unfortunately. Good cheese is illegal in Australia.