Nationwide down 0.2%

Percy1983

MrRee wrote: »

0.2% of F All ... is still F All ...

Would it still be F All if it was an increase?

UrWntr

Percy1983 wrote: »

Would it still be F All if it was an increase?

Yep. A 0.2% rise would be just as statistically insignificant.

Fact is a 0.2% fall isn't enough to justify the rent that the "waiting to buy" group are currently paying.

neas

Indeed UrWntr. For past 2 years i've saved 150 quid on my rent.... and two houses nearby have sold for same amount (one a month ago)... :P.

Graham_Devon

UrWntr wrote: »

Yep. A 0.2% rise would be just as statistically insignificant.

Fact is a 0.2% fall isn't enough to justify the rent that the "waiting to buy" group are currently paying.

Just a thought....you seem to care very much about this absolute minority of people, going to quite some lengths, including graphical statistics to show they are wrong. Why?

MrRee_2

Percy1983 wrote: »

Would it still be F All if it was an increase?

Of course ..... take your room temperature at home, set at 20 degrees.

If the temperature fell by 0.04 of a degree, would you notice it?

Answer:- NO

However, would you rather pay for that heating and keep it forever (owning a home) - or, pay for it and watch it sail out the window - never to be seen again (Renting)?

Percy1983

MrRee wrote: »

However, would you rather pay for that heating and keep it forever (owning a home) - or, pay for it and watch it sail out the window - never to be seen again (Renting)?

See signature...

Glad you answered with sense, it does seem at times 0.2% down is nothing but 0.2% is the return of the the boom with some of the bulls.

UrWntr

Graham_Devon wrote: »

Just a thought....you seem to care very much about this absolute minority of people, going to quite some lengths, including graphical statistics to show they are wrong. Why?

If you asked my girlfriend she'd tell you I love proving people wrong.

I like to think I'm helping people to save money on a money saving forum.

neas

If houses have truly fallen 50% due to fall and inflation why havent people been jumping onto the housing market.. why is it subdued?

Because not only have houses 'fallen' due to inflation but peoples income have also fallen due to inflation. So the relative spending power between wage and cost of house hasnt been affected on average by inflation... Also the rest of peoples budget has been squeezed so they cant afford as much on mortgage/ deposit savings.

Its swings and round abouts... if wage kept up with inflation then yes house prices would be great to drop due to inflation.

MrRee_2

Not everyones pay has decreased ... not by a long chalk.

People are saving at record amounts - they are choosing not to borrow anymore.

This is absolutely fantastic news if people have become adjusted to the 'old way' of saving then buying rather than the 'new way' of I want it NOW!

They are, however, borrowing record sums to buy their homes.

neas

For the saving savvy on here... if u manage to keep ahead of inflation then sure houses will become cheaper.. its akin to getting a 10% payrise every year... eventually that 3 bedroom house thats increasing at 1% will be dead cheap...

But the relationship is the 3 bedroom house is decreasing by inflation (5% say) and your salary is keeping up with inflation (0%)..

But if relationship is you get 0% pay rise then the 3 bedroom house is decreasing by inflation (5%) and your salary is also falling by inflation (5%).

Most people fall into the latter.