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Debate House Prices
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Nationwide +0.1% MoM -0.3% YoY
Comments
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If someone had said this time last year, house prices will be down less than 0.5% by this time next year I would have quite happily have taken that (even though I know its a drop in "real" prices).
My prediction for 2011 was a -1.5% nominal change in house prices.
I can foresee small drops in the coming months, but nothing to cause any real concern:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Thrugelmir wrote: »What do you regard as a "small" share of the new lending market?
About 12% I guess. As for distressed sellers, around 75% I guess.0 -
Thank you mr ruggedtoast.
Yes I bought years ago but have recenly sold and am about to complete in the next couple of weeks. I am now renting a 2 bed execitive apartment in a different town (all due to a new job).
Now I need to decide what to do next - Buy again right away, or join the bears and pray for a crash?
You could always buy somewhere and pray for a crash. Like Graham.0 -
ruggedtoast wrote: »You could always buy somewhere and pray for a crash. Like Graham.
To be fair, I believe Graham has hedged his bets and only bought part of a property:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Up 0.1% in September and just -0.3% YoY change.
Looks as though those predicting stagnation were correct.
http://www.nationwide.co.uk/hpi/historical/Sep_2011.pdf
One minor problem Columinoa.
Those predictions were made in 2007.;)
Anyway, thats 1:1 so far in this months number-wang.
Everything to play for as we await the halifax figures.
Following which, we can go back to the important business of discussing who said what in 2004.0 -
One minor problem Columinoa.
Those predictions were made in 2007.;)
Anyway, thats 1:1 so far in this months number-wang.
Everything to play for as we await the halifax figures.
Following which, we can go back to the important business of discussing who said what in 2004.
One prediction extremely unlikely to happen is your minus 8.9% for 2011. :rotfl:If I don't reply to your post,
you're probably on my ignore list.0 -
If someone had said this time last year, house prices will be down less than 0.5% by this time next year I would have quite happily have taken that (even though I know its a drop in "real" prices). The same applies for next year, another 0.5% drop would be fine (in fact up to 5% would be okay too but I think that would be quite unlikely).
Having said all of that I don't have much confidence in figures presented by a provider who has such a small share of the market nor in figures which might include quite a lot of forced sales.
Of course you were too busy storming about the forum saying that
the Land Reg was the only statistics for you.
Yet here you are. :rotfl:0 -
IveSeenTheLight wrote: »To be fair, I believe Graham has hedged his bets and only bought part of a property
You may be thinking about heathcote.0 -
IveSeenTheLight wrote: »My prediction for 2011 was a -1.5% nominal change in house prices.
I can foresee small drops in the coming months, but nothing to cause any real concern
Sorry to break it to you lite, land reg says -2.6%.
So lets get this straight. The land reg average figures are meaningless, but nationwide alleviates your concerns. :rotfl:
Right you are then.
Such is the monthly game of Forum Numberwang.0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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