Nationwide October: +0.4% MoM, +0.8% YoY

MrRee_2

ruggedtoast wrote: »

This is a dark and upsetting day for many hard working people who want simply to own a modest house to life in. Essentially this is yet another turn of the screw in this sinister boomer controlled economy we live in.

There were plenty of modest homes at bargain prices throughout 2009 - if you missed the boat, well - sorry - it has sailed away.

geneer

IveSeenTheLight wrote: »

Prices wise, property is generally either at peak price or has exceeded peak.
No crashes or significant corrections.

:rotfl:Of course what you really mean is that theres been multiple crashes since 2007 (or as Hamish likes to call them "seasonal variations".

Which really does suggest your interpretation of the data is dubious at best.

geneer

Rinoa wrote: »

Wow. Edinburgh up £46,000 since Dec 2005 according to ROS

A sobering reminder for some.

:rotfl:If you were sober Rinoa, you might remember how I've just pointed out that

Edinburgh city centre. 12K drop since march 2006. 60K drop since peak.

Edinburgh 3 bed semi. Up by a whole 3 grand since march 2006. Down 45K since peak.

Of course as light has pointed out, another name for £60K to £45K drops from peak is "largely stagnation".
Right you are then.

robmatic

It's funny how there is a crash in Edinburgh every winter and a boom every spring, eh?

ruggedtoast

MrRee wrote: »

There were plenty of modest homes at bargain prices throughout 2009 - if you missed the boat, well - sorry - it has sailed away.

No there weren't. Especially not with mortgage availability the way its been.

Selfish boomer! Is that the type of things you tell yourselves to justify your huge, completely unearned, housing windfall that is throttling the life out of the young?

Shameful boomer! :mad:

geneer

Graham_Devon wrote: »

Why am I in your signature Nollag?

Persumably nollag considers a minor typo as a devastating blow against your arguments GD.

Thats the thing about the Bulls. The do seem to rather overestimate the effect of their little barbs.

geneer

robmatic wrote: »

It's funny how there is a crash in Edinburgh every winter and a boom every spring, eh?

Funny how there never was before 2007.
Funny how the producers of the statistic keep telling us how they're becoming skewed by the high end properties.
Funny how looking at the breakdoes prove this is the case.
Funny how I keep telling you chaps that the "Imaginary" new peaks will dissapate and they always do.
Funny how looking at the breakdowns paints a picture the
obsessives would rather just ignore.


Yes. I have to admit, I frequently find it all very funny indeed. :rotfl:

Graham_Devon

geneer wrote: »

Persumably nollag considers a minor typo as a devastating blow against your arguments GD.

Ahh right, is that what it is? That's worthy of being added to a signature to be shown to everyone every time he posts?!

Lost for words. Seriously.

Pimperne1

joguest wrote: »

Thanks to rantnrave over at HPC for pointing this out - the QoQ figure that Nationwide (and many bulls) have been trumpeting as being more reliable for several months has just gone negative at -0.2%

How would that affect your rental sums from yesterday if this were to be reflected over the year?

geneer

Graham_Devon wrote: »

Ahh right, is that what it is? That's worthy of being added to a signature to be shown to everyone every time he posts?!

Lost for words. Seriously.

Just another example of the growing reality gap.

Gosh, I would have thought the nationwide figures would have made the bulls happy.

Instead it has just made them even more aggressive and hyper than ever.

Last time the bulls were like this the bottom was falling out of the market.