Debate House Prices


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Kaboom. Another bull meme obliterated.

1356712

Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker

    the most expensive place built after 1919 is this:

    http://www.primelocation.com/uk-property-for-sale/details/id/CHCG13172_SHF111994/

    A fairly nasty 2-bed flat in a modern block.

    I think I would rather live in it than opposite it :)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Yes, older properties like this in the North:

    http://www.rightmove.co.uk/property-for-sale/property-33990962.html

    Is that the one Wayne knocked down to have a new one built?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • geneer
    geneer Posts: 4,220 Forumite
    Cleaver wrote: »
    Everyone wishes they could spend their Friday nights obliterating bull memes.

    I'd guess you and Bravo were just putting on your skinny jeans and hair Gel for a rauchous night on the town eh.

    We can consider ourselves blessed that managed to make the to time to comment on the forum before going out and having it large right?
    :rotfl:
  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    edited 5 December 2011 at 3:01PM
    Really2 wrote: »
    I am classed as a bull and I said one of the reasons I purchased a new build was energy efficiency as I saw that as being a major concern for the future.
    I thought it was the "bears" that thought older houses were best, built better, bigger, hold up price better etc. ?

    PS, my boiler still works and as not cost anything but service costs, the house has not fallen down, no cracks, the roof is still there and all the slates etc.

    Is that a "bear" meme obliterated?

    I must admit that the only rants that I remember about new builds have come from Bears, so I have to agree that if a meme was obliterated it was a bear not a bull one.

    In reality the only obliteration has taken place soley in geneers mind. I wonder what other wars are fought in there.....

    In 2004 HPC seemed like just another debating forum
    but it wasn't
    It was different in many ways, as so were those that did the debating
    In World War II the average age of the combat soldier was 26
    In HPC he was 19
    In inininininin HPC he was 19
    In inininininin HPC he was 19
    In inininininin HPC he was 19
    n n n n nineteen

    In HPC the combat Bear typically served a twelve month tour of duty
    But was exposed to logical arguments almost everyday
    Ninininininininininin 19 nininininninin 19
    Ninininininininininin 19 nininininninin 19

    All those who remember the war
    They won't forget what they've seen
    Destruction of meme in their prime
    Whose average was 19
    Dedededededede-Destruction
    Dedededededede-Destruction

    According to a Veteran's Administration study
    Half of the HPC combat veterans suffered from what Psychiatrists call
    Post-Traumatic-Stress-Disorder
    Many HPCers complain of alienation, rage, or guilt
    Some succumb to suicidal thoughts
    Eight to Ten years after not buying a home almost eight hundred thousand men
    Are still fighting the House Price Crash War

    None of them received a heroes welcome or bought a home

    Dedededededede-Destruction

    Nininininininininin Nineteen, 19, Ni-nineteen 19
    19,19,19,19
    Nininininininininin Nineteen, 19, Ni-nineteen 19
    19,19,19,19

    HPC S S Sign on
    HPC S S Sign on
    Purple face sign on
    Purple face sign on
    They wasn't really sure what was going on
    They wasn't really sure what was going on
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    I must admit that the only rants that I remember about new builds have come from Bears, so I have to agree that if a meme was obliterated it was a bear not a bull one.

    In reality the only obliteration has taken place soley in geneers mind. I wonder what other wars are fought in there.....

    In 2001 HPC seemed like just another debating forum
    but it wasn't
    It was different in many ways, as so were those that did the debating
    In World War II the average age of the combat soldier was 26
    In HPC he was 19
    In inininininin HPC he was 19
    In inininininin HPC he was 19
    In inininininin HPC he was 19
    n n n n nineteen

    In HPC the combat Bear typically served a twelve month tour of duty
    But was exposed to logical arguments almost everyday
    Ninininininininininin 19 nininininninin 19
    Ninininininininininin 19 nininininninin 19

    All those who remember the war
    They won't forget what they've seen
    Destruction of meme in their prime
    Whose average was 19
    Dedededededede-Destruction
    Dedededededede-Destruction

    According to a Veteran's Administration study
    Half of the HPC combat veterans suffered from what Psychiatrists call
    Post-Traumatic-Stress-Disorder
    Many HPCers complain of alienation, rage, or guilt
    Some succumb to suicidal thoughts
    Eight to Ten years after not buying a home almost eight hundred thousand men
    Are still fighting the House Price Crash War

    None of them received a heroes welcome or bought a home

    Dedededededede-Destruction

    Nininininininininin Nineteen, 19, Ni-nineteen 19
    19,19,19,19
    Nininininininininin Nineteen, 19, Ni-nineteen 19
    19,19,19,19

    HPC S S Sign on
    HPC S S Sign on
    Purple face sign on
    Purple face sign on
    They wasn't really sure what was going on
    They wasn't really sure what was going on

    Renoman - try and dilute it with some tonic water.
  • wotsthat wrote: »
    Renoman - try and dilute it with some tonic water.

    I thought it was quite inventive and a fun way to pass the time while the system guys fix our servers. :)
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    anyone who uses the word "meme" is as odious as dawkins himself.

    wait...oh dammit.
  • anyone who uses the word "meme" is as odious as dawkins himself.

    wait...oh dammit.

    You showed an astonishing lack of self awareness there! :eek:
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    geneer wrote: »
    Kaboom. Another bull meme obliterated.

    You know that bull meme? Well it wasn't obliterated quite as comprehensively as you thought.

    Here's the press release from Halifax

    http://www.lloydsbankinggroup.com/media/pdfs/halifax/2011/021211pre_ww1_homes.pdf
    Houses built before 1919 have seen the largest surge in prices over the past 25 years, according to new research from Halifax. Properties built before the end of the First World War have risen by an average of 461% - equivalent to £516 per month - from £33,619 in 1986 to £188,473 in 2011. This is significantly more than the average house price increase for all properties of 357% (£449 per month). Properties from the Victorian era, famed for their high ceilings and fashionable detailing, the Edwardian period, with their decorative cornices, and the Georgian epoch, exemplified by the Circus in Bath, all contribute to this surge in price for pre-1919 homes.

    and here's the bit that was paraphrased by your article
    However, a significant reversal has occurred since the housing downturn in 2007: while houses built before 1919 have seen the largest price growth over the past 25 years, they have performed the least well since 2007 with average prices contracting by 30%. Property values for those built between 1919 and 1945 and 1946 to 1960 have declined by a quarter in the same period, while the average price of houses built since 1960 has fallen the least since 2007 (19%). Martin Ellis concludes: “There are many intricate reasons for the reversal in fortunes for pre-1919 homes since 2007, of course. We may suggest, however, that demand for larger properties has dipped more than for smaller properties in the context of more constraining economic conditions since 2007”.

    Nothing like a little context is there?

    Halifax obviously expect a higher IQ of reader - they didn't feel the need to explain that Victorian and Georgian houses were built before 1919 like Yahoo.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    geneer wrote: »
    I'd guess you and Bravo were just putting on your skinny jeans and hair Gel for a rauchous night on the town eh.

    I do actually own some skinny jeans, but I prefer a more matt / clay product for my barnet rather than gel. And my night out was Saturday, not Friday. :)
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