You lot are slow today - Halifax +2.2%

homelessskilledworker

HAMISH_MCTAVISH wrote: »

Actually, looking at the trend from August 2007, it fell until Feb 2009.

And the trend has been rising since.

Mar 2009 = £157,066

Mar 2012 = £163,419

.

You don't understand trends do you Hamish;)

DpchMd

homelessskilledworker wrote: »

You don't understand trends do you Hamish;)

Feel free to educate us.

malkie76

I struggle on this forum sometimes. A 0.1% drop apparently is indicative of a massive impending crash and we're all doomed (last month), yet a 2.2% rise is evidence of stagnation and a drop in real terms.

Could it be that people are foaming at the mouth over minor changes which overall (ie 25 years) are somewhat irrelevant.

I read this forum a lot, but often fail to grasp the venom over minor average changes ? Should we all be a bit more freaked out by increasing fuel costs ?

chewmylegoff

HAMISH_MCTAVISH wrote: »

Actually, looking at the trend from August 2007, it fell until Feb 2009.

And the trend has been rising since.

Mar 2009 = £157,066

Mar 2012 = £163,419

.

Adjusting for RPI, £157,066 in March 2009 is equivalent to £178,653 in March 2012.

So this appears to be a fall of 8.5%

TIMBER.

Jimmy_31

crash123 wrote: »

Houses up North must have gone up. Is that correct?

Not from what im seeing.

Graham_Devon

What's left to say really?

Another large swing in the next couple of months?

One thing is for sure, the index's are all over the place.

Rinoa

chewmylegoff wrote: »

Adjusting for RPI, £157,066 in March 2009 is equivalent to £178,653 in March 2012.

So this appears to be a fall of 8.5%

And adjusting for RPI, anyone borrowing say £200,000 3 years ago, only has to pay back around £175,000 in real terms.

wotsthat

There's no point in paying back my debts because I can get a better savings return. At the same time the debt is being eroded by inflation. It's been a funny old recession.

HAMISH_MCTAVISH

rinoa wrote: »

and adjusting for rpi, anyone borrowing say £200,000 3 years ago, only has to pay back around £175,000 in real terms.

timber!!!

IveSeenTheLight

homelessskilledworker wrote: »

So those that are just in the property game for speculative gains are a decade later onto a good thing with zero returns on their investment.

Let break this down.

As a property investor, I look very closely at the Rental Yield of a property. That essentially means the the profit left each month after the expenditure (mortgage, factor fees, advertising etc) is deducted from the income (rent)

I'm not in it for speculative gains, however this will become a bonus when I decide to sell up.

So far I have bought in 2004, 2007 and late 2011.
The earlier properties have been revalued on paper at a higher value than which I paid for them, which is an additional bonus when it comes to the mortgage products available)

So your UK wide speculation on returns does not factor in local market valuations and crucially does not factor in the return achieved in those years.

P.S. Are in fact trying to portray that investors have not seen their property crash and their investment has been a safe investment. Very crude but plausible on a general level I guess and that the monthly profit is what the investors have seen as a return of that investment (who would have thought)