Debate House Prices


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MSE News: Nationwide reveals regional difference in house prices change

Former_MSE_Guy
Former_MSE_Guy Posts: 1,650 Forumite
I've been Money Tipped! Newshound! Chutzpah Haggler
in Debate House Prices & the Economy
This is the discussion thread for the following MSE News Story:

"The annual increase across the UK in 2011 was 1.1%, pushing the price of a typical home to £163,822 ..."
Read the full story:

Nationwide reveals regional difference in house prices change


OfficialStamp.gif


This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
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Comments

  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    As usual I'm not sure what to make of these figures, the area I know is East Anglian and while prices appear to remain strong in small pockets in desirable locations there has definitely been price weakening in some area so the figures are ways to generalised IMO
  • jimpix12
    jimpix12 Posts: 1,095 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Err, it's Nationwide... Moving on...
    "The only man who makes money from a gold rush is the one selling the shovels..."
  • Pincher
    Pincher Posts: 6,552 Forumite
    1,000 Posts Combo Breaker
    Forced relocation of nationalised banks to undesirable areas.
    Punishment for failing bankers, who will refurbish traditional working class neighbourhoods like Islington was.

    There would be Data Processing, Call Centre jobs, as well as boosting ancillary services like Supermarkets, leisure and retail services generally.

    Escaping bankers will be fitted with electric pain probes, and forced to clean toilets.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    MSE_Guy wrote: »
    This is the discussion thread for the following MSE News Story:

    "The annual increase across the UK in 2011 was 1.1%, pushing the price of a typical home to £163,822 ..."
    Read the full story:

    Nationwide reveals regional difference in house prices change


    OfficialStamp.gif


    This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.


    Whilst Halifax and more importantly the far more Accurate Land registry showed national average falls. 2012 will be the big year of falls, even London and south east.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • jimpix12
    jimpix12 Posts: 1,095 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    edited 1 January 2012 at 6:02PM
    business_man wrote: »
    Oh well I logged into my MSE account after a couple of months to see this user is still renting. Have you ever calculated the amount of rent you pay times the number of month you waited? It's not very likely that their will be a great price fall in 2012 either so you will just end up with a huge amount of wasted rent but then if everybody got their own house, who would pay for my expensive cars.

    Your self-interest won't drive up falling house prices, sorry. FWIW, I am looking to buy and am renting currently. I am making a slight loss per month assuming house prices fall by 3% per year. If they fall by 2.9% or less, then yes, I am "out of pocket" if I continue to rent over the next 12 months - however what you and a lot of sellers overlook is the "cost" of negative equity to me is a lot higher, I prefer the mobility permitted when renting for one. It's not always a purely financial decision. Oh, that and I don't like rewarding greedy individuals who still think it's 2007. Am I praying for a crash? Not really... I am just looking to deal with a realistic seller, and until I meet one I will continue "pouring my money down the drain" as it were.
    "The only man who makes money from a gold rush is the one selling the shovels..."
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Nine out of 13 regions in the UK recorded a house price rise over 2011

    So much for all those who claim it's "London skewing the figures". :)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • jimpix12
    jimpix12 Posts: 1,095 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    edited 1 January 2012 at 6:16PM
    HAMISH_MCTAVISH wrote: »
    So much for all those who claim it's "London skewing the figures". :)

    According to my dog, 11 out of the 13 regions saw a gain. That has about equal weighting to what Nationwide say. I'm not a militant bear or anything, but knowingly deluding yourself into believing false statistics just sets you up for disappointment.
    "The only man who makes money from a gold rush is the one selling the shovels..."
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Nine out of 13 regions in the UK recorded a house price rise over 2011
    http://www.moneysavingexpert.com/news/mortgages/2011/12/nationwide-reveals-huge-regional-difference-in-house-prices-change?utm_source=forum&utm_medium=sidebar&utm_campaign=box

    So much for "London skewing the figures". :rotfl:
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • jimpix12
    jimpix12 Posts: 1,095 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    There's already a thread on this, which you've already posted in, that was started by MSE_Guy:

    https://forums.moneysavingexpert.com/discussion/3699873

    Of course posting it again in a new subforum will cause several thousand people to deduce that prices are rising again, and go out and buy.
    "The only man who makes money from a gold rush is the one selling the shovels..."
  • System
    System Posts: 178,310 Community Admin
    10,000 Posts Photogenic Name Dropper
    Oh bless, Brit is still on his crusade in the "other" forum
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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