Nationwide November +0.4% MOM +1.6% YOY

julieq

http://www.bbc.co.uk/news/business-15929065

Heyman_2

Crash, Crash.....Crash?

SecondLegDownIsTheBigOne

This sideways balancing act from NW only serves to emphasise the truth of the reliable land registry index which is based on actual. This NW propaganda reveals that they have clearly dropped the pole and will soon come tumbling from that high wire bringing house prices crashing down with them. This is great news for those hard working individuals and families who are subsidising the unsustainably indebted. Dreadful news for the likes of Hamish and Julieq who stand to lose tens of thousands that they never really had. The chickens are coming home to roost.

2012 will see the next leg down and house prices will plummet; those who should've lost their shirts already will have nowhere to hide.

julieq

Calm down dear, it's only a Nationwide report.

IronWolf

However, it predicted that prices would stay the same or fall in the next 12 months.

julieq

SecondLegDownIsTheBigOne wrote: »

This sideways balancing act from NW only serves to emphasise the truth of the reliable land registry index which is based on actual. This NW propaganda reveals that they have clearly dropped the pole and will soon come tumbling from that high wire bringing house prices crashing down with them. This is great news for those hard working individuals and families who are subsidising the unsustainably indebted. Dreadful news for the likes of Hamish and Julieq who stand to lose tens of thousands that they never really had. The chickens are coming home to roost.

2012 will see the next leg down and house prices will plummet; those who should've lost their shirts already will have nowhere to hide.

Actually you have to love the language here. Nice high wire analogy (obviously not connected with reality), and shameless separation of hard working individuals subsidising the indebted (how?) from hard working individuals paying mortgages. And then in the same confident prediction we've heard from crash nutjobs since about 2001.

I mean this is so pathetically argued you wonder whether it's a bull taking the michael.

If you want house prices to ease, build more houses and allow people the finance to buy them. Otherwise you just squeeze increasingly large numbers of people out of ownership and concentrate ownership into the hands of landlords.

It's a matter of profound indifference to me what my house is worth, because I live in it. However it's a bit rich to revel in the idea that the entire economy should crash and burn so a financially illiterate parasite can get a cheap house at someone else's expense: that would have a far more significant effect on the bulk of "hard working individuals and families" than modest price rises or stagnation in housing costs.

julieq

IronWolf wrote: »

However, it predicted that prices would stay the same or fall in the next 12 months.

As has pretty much every "bull" on this forum - the consensus view is stagnation or modest falls. Though there is upwards pressure becuase of the supply/demand shortfall, rising rents and attractiveness of BTL, and there will be some effect from people racing to save deposits and entering the market. So unusually for a bull on this forum I'm somewhat bullish for the next 12 months.

Pimperne1

This just goes to prove the point that the LR figures are pretty laggy. We are over the small drop and it looks like onwards and upwards from here (or maybe stagnation but that will be a big victory for the bears).

Pimperne1

Comments from another site:

It annoyed me this morning to see this broadcast on the banner on the BBC news site (the scrolling area at the top)

How come the land registry figures yesterday showing a drop were buried on the business page

The BBC is a total disgrace!!

Me too, it was on teletext on the BBC today.

Time to complain I think, not the BBC by the press complaints commission.

Can anyone who cares email them/write to them today ?

How many mortgages have the Nationwide given out...less than ten maybe ?

The BBC complants form is here (link provided)

Have not yet tracked down the PCC one yet.

SecondLegDownIsTheBigOne

julieq wrote: »

Actually you have to love the language here. Nice high wire analogy (obviously not connected with reality), and shameless separation of hard working individuals subsidising the indebted (how?) from hard working individuals paying mortgages. And then in the same confident prediction we've heard from crash nutjobs since about 2001.

I mean this is so pathetically argued you wonder whether it's a bull taking the michael.

If you want house prices to ease, build more houses and allow people the finance to buy them. Otherwise you just squeeze increasingly large numbers of people out of ownership and concentrate ownership into the hands of landlords.

It's a matter of profound indifference to me what my house is worth, because I live in it. However it's a bit rich to revel in the idea that the entire economy should crash and burn so a financially illiterate parasite can get a cheap house at someone else's expense: that would have a far more significant effect on the bulk of "hard working individuals and families" than modest price rises or stagnation in housing costs.

You express your profound indifference succinctly. :kisses2:

doire_2

Pimperne1 wrote: »

Comments from another site:

Well whats the problem? They are right. The BBC chooses to go with the Nationwide rather than the LR.

Everyone knows the LR is more reliable. Ohh i get it, LR is only more reliable when its positive