House prices fall for 15th month in a row

Graham_Devon

IveSeenTheLight wrote: »

Zoopla lol, no wonder you like it

Sigh.

I never said that did I.

I stated I liked the response, i.e. everyone elses house will increase 2.7% while mine will increase 3.3%.

IronWolf

Graham_Devon wrote: »

I do like this by the way...

lol, most sellers are pretty delusional then

Graham_Devon

Really2 wrote: »

Lazy jurno.

When you will say the same on an Express article, I'll take you seriously.

Otherwise I'll simply suggest you are grasping at straws to find a way to ignore the entire content of the article. As most of you have.

Realmoney_2

Graham_Devon wrote: »

http://www.guardian.co.uk/money/2011/oct/03/property-house-prices-fall

I've highlighted the important bits.

Probably best read with a refreshing drink. Or depending on your persuassion, a fresh squeeze of lemon and lime

Lots more information in the report, including asking price achievements falling back, property sat on market for longer,

Also, it appears that "most" econmists are now suggesting prices over the next year will remain static or fall.

However sellers are predicting a near 3% increase in house prices. The head in sand mentality shows no signs of falling back.

Head in the sand seems to work for the house bulls. Anything bearish for house prices will never happen, they just always keep going up.

Only trouble is houses prices continue to fall as they have done for yrs now.

Really2

Graham_Devon wrote: »

When you will say the same on an Express article, I'll take you seriously.

Otherwise I'll simply suggest you are grasping at straws to find a way to ignore the entire content of the article. As most of you have.

Don't really give to hoots to the express to tell you the truth.

But there are many HPI series, this is one and the Article title is indeed incorrect.

But Not much of a mention of this one showing the trend of YoY heading back towards 0%.
http://www.hometrack.co.uk/commentary-and-analysis/market-snapshot/house_price_growth.cfm
Looks like a delayed version of Nationwide, LR etc.

Yet another index showing virtual nominal stagnation.

Graham_Devon

Really2 wrote: »

Yet another index showing virtual nominal stagnation.

Yet again, you seem to be ignoring what the I highlighted, and the article.

What about this:

we are likely to see an acceleration in the level of price falls as we head towards the end of the year

No one has so far discussed the article or it's contents. Just seen it, and tried to find any way to ignore it.

IveSeenTheLight

Graham_Devon wrote: »

No one has so far discussed the article or it's contents. Just seen it, and tried to find any way to ignore it.

Here's another way to dismiss it

http://www.hometrack.co.uk/commentary-and-analysis/house-price-survey/about.cfm

Methodology

The average price data is based on the contributor's opinion on the achievable selling price for each of four standard property types in every postcode district. The price is for a given date each month and assuming a willing seller and a reasonable marketing period while taking into account current market conditions and recent transactions. The price data that is collected goes through a verification process and is then weighted up from postcode district level using Census housing stock numbers to derive an 'overall weighted average price'. The methodology means that cash buyers are implicitly included in the results. The monthly data is not seasonally adjusted.

So it's based on the contributors opinion on achievable sell price.
Not actual data, just mere opinion

Graham_Devon

LOL!!!

Everything is currently failing. The economy is preparing itself for another recession. Greece will default.

And here are the housing bulls on this site, dismissing the notion that house price falls may start to accelerate, because it's based on opinion and we don't have the data. OF COURSE we don't have the data, it's looking ahead!!!

The ignorance, the head in sand mentality, is truly astonishing.

JonnyBravo

Graham_Devon wrote: »

The ignorance, the head in sand mentality, is truly astonishing.

To be honest Graham, as is your defence of this. You'd have a field day if the opinions were different to yours. Where's the data etc?




As regards the revelation that most owners think their property is going to perform better than the market, is this really news to you?

Would you be equally shocked to learn such a thing exists for shareholders, or even that most dog owners don't think their dog will bite as often as the general population of dogs?

It's not really surprising is it?

Jack_Johnson_the_acorn

JonnyBravo wrote: »

To be honest Graham, as is your defence of this. You'd have a field day if the opinions were different to yours. Where's the data etc?




As regards the revelation that most owners think their property is going to perform better than the market, is this really news to you?

Would you be equally shocked to learn such a thing exists for shareholders, or even that most dog owners don't think their dog will bite as often as the general population of dogs?

It's not really surprising is it?

Well said, who cares anyway, I'd rather be living in my own home doing as I please to it, without fear of eviction or loss of earnings. Housing price drops only affects those who have to or want to move in the short term.... This whole Bears v Bulls thing is past tedious now.