House prices up? Hang on, weren't they down yesterday?

Really2

geneer wrote: »

The land reg is more accurate and lags.
Erm yes. Thats not earthshattering news really.

So it is more than possible that NW rise is correct then also, as you seem to except that the latest LR release relates to older data. EG when nationwide was showing falls.

wotsthat

StevieJ wrote: »

Presumably they currently agree with Geneer, you can imagine Geneer as a General in WW1 surrounded by yes men

Thank you Darling.

geneer

wotsthat wrote: »

Why only at the moment?

For the obvious reasons Wotsthat.
Do you want to add an actual point?

Joe_Bloggs

Darling was a Black adder character.
http://en.wikipedia.org/wiki/Darling_%28Blackadder%29
J_B.

wotsthat

geneer wrote: »

For the obvious reasons Wotsthat.
Do you want to add an actual point?

Nope just made a note that LR is the only index in town.

Joe_Bloggs

The Nationwide are a conservative /cautious lender they don't lend to those who would drag the institution into the depths that the Halifax were pulled into and from.
J_B.

Sibley

Seems like Land Reg is the only way to fly at the moment.

The best way is to look at what is currently been sold off cheap and also what decent property is coming on the market.

Answer = Nothing.

The market is flat.

I know people who have sold for good money who can find nothing to buy.

Mallotum_X

GHUOL_EQUALIZER wrote: »

The STRs biggest mistake is in wanting to get back onto the property ladder. I really feel sorry for the STRs because they don't know what they are letting themselves in for and their biggest mistake is in wanting to get back onto the property ladder. Even if a property crash were to occur that brings house prices down it still wouldn't make it a good time to buy a property because there is little point in buying a property as the economy enters a recession because the recession is likely to be long and severe and will last many years which will mean that house prices will be languishing at the bottom for many years. The best time to buy property is when the economy is emerging from a long and deep recession and the economy is about to enter another boom that will cause house prices to rise. In order for another housing boom to occur a long and severe recession will have to take place that brings the current boom to an end and brings down the economy and completely unwinds the boom and unravels the boom until all the inflationary excess of the boom has been slowly and painfully squeezed out of the economy that will leave the economy levelled and flattened so that the economy is then in a ready state that will allow another boom to take place. It is not until a recession has succeeded in completely bringing down the boom and rolled back the boom so that no trace of the boom exists and the economy is purged of all the excesses and distortions of the current boom, only then will the economy be in a state where another boom can develop that will cause house prices to rise. The next recession is likely to be very long and severe because the current boom will have lasted ten years by the time it goes bust and the next recession will have the task of having to completely rollback and unwind the boom until all the inflationary excess of the boom has been removed from the economy and since the boom has lasted so long and is so big it will mean that it will take many years of a severe recession to return the economy back to normal. The economy entered a boom in 1996 in which the economy has expanded through an inflationary increase in the money supply and this expansion has been relentless and has accelerated in recent years and the boom will have lasted for ten years by the time the boom goes bust at which point the economic expansion will come to an end and the economy will undergo a contraction, a recession, lasting many years as the boom effectively goes into reverse and the economy shrinks and as the money supply is contracted to squeeze the inflationary consequences of the boom slowly and painfully from the economy. The economy will have to undergo severe treatment to purge it of its excessive borrowing and spending binge and remove from the economy the inflationary consequences of the massive monetary expansion. In recent times each property crash has been twice as bad as the previous property crash and the last property crash of the early nineties lasted five years which means that the next property crash may well last ten years. The STRs are making a serious misjudgement in waiting for a crash in order to get back onto the property ladder. The current boom is twice as big as the last economic boom of the late eighties that ultimately lead to the recession of the early nineties which was the worst recession since the Second World War. Since this boom is twice as big as the last boom of the late eighties it means that the next recession is likely to be twice as worse as the last recession of the early nineties which followed the last boom and lasted five long and terrible years. This means that the next recession to likely to be the worst recession that this country has experienced since the onset of the Industrial Revolution over two hundred years ago. The STRs will ultimately get their chance of buying a property at sensible prices when the crash finally occurs but the STRs will be buying during the worst recession of modern times where the economy will in ruins and will remain in a devastated state for many, many years.

Do you not have a Carriage Return key on your keyboard?

wotsthat

Mallotum_X wrote: »

Do you not have a Carriage Return key on your keyboard?

A carriage return key? Where have you been grandad?

geneer

wotsthat wrote: »

Nope just made a note that LR is the only index in town.

Earthshattering isn't it.

Its not as if thats been broadly agreed by everyone for an awfully long time.

I've no idea why nationwide is currently favoured by a certain segment of our forum. No idea at all.