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Debate House Prices
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HPC front page: House prices substantially below long term trend
nollag2006
Posts: 2,638 Forumite
Check out the front page graph from Nationwide. Makes interesting reading
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Comments
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Why yes, doesn't it look EXACTLY like 1990.
Great Scott!0 -
Where is the infamous 2.9% graph? Haven't seen it for a while. Used to be posted regularly to substantiate house price trends.0
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Here it isThrugelmir wrote: »Where is the infamous 2.9% graph? Haven't seen it for a while. Used to be posted regularly to substantiate house price trends.
It's taken from the Nationwide releases.
http://www.nationwide.co.uk/hpi/historical/Sep_2011.pdf
Note it's real house prices.
There are some other interesting graphs on the releases such as: -
Nominal average house prices
Annual Percentage changes (clearly showing the market has stagnated in the last year)
Even the 3 month on 3 month shows stagnation
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Here it is
It's taken from the Nationwide releases.
http://www.nationwide.co.uk/hpi/historical/Sep_2011.pdf
Note it's real house prices.
There are some other interesting graphs on the releases such as: -
Nominal average house prices
Annual Percentage changes (clearly showing the market has stagnated in the last year)
Even the 3 month on 3 month shows stagnation
So much as in the 90's, that "REAL TERMS CRASH" just means waiting a decade for your wages to increase before you buy.
“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 -
Looks just like a far more healthy housing market to me. That long term trend thing is utter b0llox. Its an exponential growth rate that predicts that houses will cost on average a squillion pounds in 2040.
Other thing worth noting, prices are falling, but unless you saved up in times of plenty, you are wasting your time. Real wages are falling much faster!0 -
OptionARMAGEDDON wrote: »That long term trend thing is utter b0llox. Its an exponential growth rate that predicts that houses will cost on average a squillion pounds in 2040.
You do realise that any interest compounded time graph will result in an exponential curve.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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