Halifax... Down -2.4% for April

RenovationMan

the_flying_pig wrote: »

but i certainly hope that prices fall, if only slowly, for a good while yet, and am reasonably hopeful that it could happen.

You and me both, brother.

With HPI the only gains I could make would be if I had investment properties or if I were looking to retire and downsize. Neither of these applies to me.

With a HPC and stagnating economy, the government will keep interest rates low, resulting in my having very low mortgage costs and allowing me to channel these saving into a combination of house renovations, mortgage overpayments and pensions investments. I'm much better off at the moment than I ever was during the boom years. My main aim is to come out of this recession in a far better financial state than when I went into it. So far so good.

homelessskilledworker

RenovationMan wrote: »

"The monthly figures continue to fluctuate quite widely with a 2.4%
decline in April, wiping out March's 2.2% rise."

So a 0.2% drop over the last 2 months. I never cease to be amazed at the robustness of property, even in these trying times.

Some might say that last months rise was down to buyers trying to beat the end of the stamp duty holiday.

But why let facts get in the way:)

RenovationMan

homelessskilledworker wrote: »

Some might say that last months rise was down to buyers trying to beat the end of the stamp duty holiday.

But why let facts get in the way:)

Well why not provide figures showing the percenage fall over the last 12 months to iron out any seasonal or one-off events to see the real picture?

I look forward to you posting these facts.

homelessskilledworker

RenovationMan wrote: »

Well why not provide figures showing the percenage fall over the last 12 months to iron out any seasonal or one-off events to see the real picture?

I look forward to you posting these facts.

I have no idea!!

You tell me, are they flat, rising, lower???

They are whatever they are, unlike you I am not going to let the facts upset me.

RenovationMan

homelessskilledworker wrote: »

But why let facts get in the way:)

homelessskilledworker wrote: »

unlike you I am not going to let the facts upset me.

LOL. Make your mind up! :rotfl:

Out of interest, what facts do you think are upsetting me?

SecondLegDownIsTheBigOne

Here's to the next leg down.

:beer:

homelessskilledworker

RenovationMan wrote: »

LOL. Make your mind up! :rotfl:

Out of interest, what facts do you think are upsetting me?

?????


That makes no sense at all, you have just posted two statements and seem to be making some kind of obscure point

Batchy

chucky wrote: »

This time next year, average prices will be lower than now.

100% guaranteed.

Don't believe the hype.

Most peoples mortgages will be too, with 0.5% interest rates, mine drops lower in August, Happy days!! :-)

the_flying_pig

RenovationMan wrote: »

You and me both, brother.

With HPI the only gains I could make would be if I had investment properties or if I were looking to retire and downsize. Neither of these applies to me.

With a HPC and stagnating economy, the government will keep interest rates low, resulting in my having very low mortgage costs and allowing me to channel these saving into a combination of house renovations, mortgage overpayments and pensions investments. I'm much better off at the moment than I ever was during the boom years. My main aim is to come out of this recession in a far better financial state than when I went into it. So far so good.

yeah.

i am currently in the process of buying [agreed price, move dates, etc, with buyer & seller and have a relatively short chain, only three UK houses in it, but not completed the transaction].

this is the biggest, most expensive, house i'll ever own so in a narrow sense i will have an interest in prices going up, but will still hope for further modest falls because, in short, i care about my children's future. i'd like them to be able to able to afford to live near to me in an equal or better than quality of housing.

the 'bulls' one sees on here talking up the benefits and or/inevitability of rapid inflation in the near future are, almost to a man [or sock puppet] childless and/or landlords or [in whatever shape] multiple home owners. HPI confers almost no real benefits on regular 'homeowners'.

StevieJ

homelessskilledworker wrote: »

Some might say that last months rise was down to buyers trying to beat the end of the stamp duty holiday.

But why let facts get in the way:)

And this months fall as a result of this months buys being dragged forward into March