Sibley won't allow prices to fall under £160K

sabretoothtigger

Reporting data seems fair enough especially year on year. How about five year differences and ten year

Jimmy_31 wrote: »

ALL of the sellers i know need to sell, this is because they bought a new build during the boom and know if they dont get rid of it asap they will have it repossessed at some point.

There are thousands more like them.

Why is the house they bought no longer useful to them ? Price doesnt effect the value and utility of an asset.
Every market needs to be considered the same as going down tescos supermarket to buy cheap beer.

The idea to upgrade the size of a house when prices fall is the correct perspective, the ratio of price lost to price reduced makes it profitable.
Even without moving it could be argued the current situation of lowest rate cost ever makes houses much cheaper in total cost including finance.

Why sell, why rent not own, I dont quite get why cheaper is such a terrible thing

the_flying_pig wrote: »

1 - these indices aren't 'theoretical',

3 - so when an index is down (say) 10-20% from peak it means that those real people who have sold real houses have sold them for 10-20% less than the same sort of people were getting 4 or 5 years ago. Nothing else.

Are the indice volume weighted. Price alone is deceptive. I want to know the cost of rent for that house sold then and now

If one guy gives away his house and everyone else just lives in theirs that month. I guess the index might fall 100% stats and lies

IveSeenTheLight

brit1234 wrote: »

I haven't been seen for about 5 - 6 days. Mainly because of using all my monthly internet usage early after downloading some big programs/updates and working my but off with this annoying Olympic shift pattern fitting my physical training round it.st

Have 1 day off before another 8 on but will be happy to use my precious and short free time to update my sig.

PS I expect land registry to be down next month as well as halifax (which sea saws the most each month", reckon Nationwide will be up though as it is rare to get 3 down in a row.

Expect big delays in my sig next month when we are Olympics proper.

I also ignore Nollag sock puppets for which there are many.

SIBLEY trying to stop the sub £160K house price crash.:D

Thanks for updating your signature.
If I could make one suggestion. You put the negative indices in red, why not put the positive ones in green?

Back to the topic and your nice cartoon. How is Sibley prediction holding up. Have prices dropped below £160k on any of the indices?

Sibley

Like I said.

We wont allow prices to drop....

Mr._Pricklepants

You're da man, Sibbers!

homelessskilledworker

Mr._Pricklepants wrote: »

You're da man, Sibbers!

You're Da same man



What a nob:rotfl:

brit1234

IveSeenTheLight wrote: »

Thanks for updating your signature.
If I could make one suggestion. You put the negative indices in red, why not put the positive ones in green?

Back to the topic and your nice cartoon. How is Sibley prediction holding up. Have prices dropped below £160k on any of the indices?

Will change to green later, just done 19 hour day on day off.:(

Halifax has gone under, Land Reg close, Nationwide has not really got close. Give it 2-3 months and we should have 2 under.

mayonnaise

Graham_Devon wrote: »

All those who haven't bought have missed the boat.

Haven't seen the phrase for a while, so thought I'd give it a bit of a re-incarnation.

It looks like you were right, Graham.

sabretoothtigger

uboats at the ready

moneyinmypocket

And 3 years on prices are rocketing. So the question to the house price crash chain gang was it worth it?

chucky

moneyinmypocket wrote: »

And 3 years on prices are rocketing. So the question to the house price crash chain gang was it worth it?

The usual suspects are still preaching the same mantra now, you would have thought they would have understood how things work by now...