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

IveSeenTheLight

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.

This is quite a depressing and gloomy picture you paint.
You may need to consider a more positive outlook in life.

To consider your post, there are many hard working owner occupiers who currently count for circa 68% (boomers & FTBers) of the market find comfort that their modest house is not devaluing.

Additionally there is a further percentage (IIRC around 13%) BTL owners that also find similar sort of comfort.

I'm sure the housing association also enjoy that their assetts are not diminishing.

Of course, we must consider those that would like to buy and are not yet in a position to do so.
It's accepted that the current generation of owners have by and large been fortunate to live in an era when credit was readilly available to give them the opportunity to buy.
Prior to that the opportunity to be an owner would have been similar if not worse than the current would like to own but can't generation

IveSeenTheLight

geneer wrote: »

: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.

the data is clear to be seen.

If you believe there have been multiple crashes (you do love to insist there have been crashes) then these have been countered with similare HPI booms.

Draw a line during the last four years data on any of the four sets of data I presented and conclude your interpretation of the data.

Pimperne1

Talk about depressing I had a dream about Jimmy Saville going to heaven last night. St Peter said "Sorry no room, get on one of those buses". The first bus said "Hell" in the destination so he decided to go for the second. The second said "Where Jimmy31 Lives" so he jumped off and got on the first one.

No, sorry just wanted an intro for a little joke: St Peter, "Lord, the hinge on the gate is broken". Lord "Never mind Jim'll fix it".

IveSeenTheLight

geneer wrote: »

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



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

Current Edinburgh figures are £221,876
http://www.ros.gov.uk/pdfs/local_authorities_sept_2011.pdf

Please show from the ROSEA index where the "peaks" were £266k - £281k to represent your £60K to £45K drops from peak statement

Here's the monthly releases
http://www.ros.gov.uk/professional/eservices/land_property_data/lpd_stats.html

ruggedtoast

IveSeenTheLight wrote: »

This is quite a depressing and gloomy picture you paint.
You may need to consider a more positive outlook in life.

To consider your post, there are many hard working owner occupiers who currently count for circa 68% (boomers & FTBers) of the market find comfort that their modest house is not devaluing.

Additionally there is a further percentage (IIRC around 13%) BTL owners that also find similar sort of comfort.

I'm sure the housing association also enjoy that their assetts are not diminishing.

Of course, we must consider those that would like to buy and are not yet in a position to do so.
It's accepted that the current generation of owners have by and large been fortunate to live in an era when credit was readilly available to give them the opportunity to buy.
Prior to that the opportunity to be an owner would have been similar if not worse than the current would like to own but can't generation

We're supposed to be going forward not reverting to Dickensian Britain.

geneer

IveSeenTheLight wrote: »

Current Edinburgh figures are £221,876
http://www.ros.gov.uk/pdfs/local_authorities_sept_2011.pdf

Please show from the ROSEA index where the "peaks" were £266k - £281k to represent your £60K to £45K drops from peak statement

Here's the monthly releases
http://www.ros.gov.uk/professional/eservices/land_property_data/lpd_stats.html

Current monthly ROS figures do not contain breakdowns by property type. I clearly refered to property types. So it seems most unlikely that I would be the ROS figures. If, y'know, you were to think about it.

Rinoa

geneer wrote: »

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



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

Edinburgh city centre you say?




I'll leave you to calculate Edinburgh price rises since you joined HPC in December 2005. Why not just accept you missed a golden buying opportunity and squandered 6 years rent for no good reason.

geneer

IveSeenTheLight wrote: »

the data is clear to be seen.

If you believe there have been multiple crashes (you do love to insist there have been crashes) then these have been countered with similare HPI booms.

Draw a line during the last four years data on any of the four sets of data I presented and conclude your interpretation of the data.

I do not dispute the data. I dispute your interpretation/characterisation of the data.

When movements have been volatile one must ponder the reasons for the volatility.

One cannot simply draw a line between two points, deliberately ignore everything else inbetween and come to the conclusion that prices have stagnated. They have in fact moved up and down with significant volatility.


You however choose to do so on a regular basis. But only when it suits you to do so.

geneer

Rinoa wrote: »

Edinburgh city centre you say?




I'll leave you to calculate Edinburgh price rises since you joined HPC in December 2005. Why not just accept you missed a golden buying opportunity and squarndered 6 years on rent for no good reason.

Actually I also said edinburgh 3 bed semi detatched. Which you haven't elected to show. :rotfl:

For the date that I joined HPC to have any meaning one must assume that I decided to buy/not to buy at that point.
As you have used the same bench mark for 5 YEARS :rotfl: I can only assume this is your belief.

Naturally the data lags. This is not a matter for debate. It is a matter of fact. So using the Q2 data, which is of course more appropriate, and city centre properties have fallen about £10K.

Hey, thanks for clarifying the Harsh Realities Rinoa.


Care to check my maths for the 3 bed semis? :A

Graham_Devon

geneer wrote: »

Just another example of the growing reality gap.

Seems he's now had a change of heart, probably after realising how stupid it looked.

Luckily for you, he's reverted to highlighting yourself in his sig now!