house prise rise or crash??

Woby_Tide

Pal wrote:

The prices are seasonally adjusted for a reason - to make them comparable with other months. The fact that house prices have ONLY risen by £1000 in one of the busiest months of the year is a sign of a declining housing market.

:rolleyes:

*checks monthly interest gains on pensions, savings accounts, ISA's, looks despairingly at only making £1k on an average house in comparison*

a £1000 increase isn't a declining market, it's a slowing market surely, and still a damn site better return on investment than savings accounts, pensions, funds etc over the same period?

deemy2004

Woby_Tide wrote:

:rolleyes:

*checks monthly interest gains on pensions, savings accounts, ISA's, looks despairingly at only making £1k on an average house in comparison*

a £1000 increase isn't a declining market, it's a slowing market surely, and still a damn site better return on investment than savings accounts, pensions, funds etc over the same period?

Its not a slowing market since its off its peak... and this is a retracement towards its peak so it is down from its peak which means house prices have fallen.

The trend at the moment is Sideways with a downward bias.

Woby_Tide

deemy2004 wrote:

this is a retracement towards its peak

a retracement towards it's peak? so it's a rising market, excellent, thanks for clearing that up!

*buys lots of houses in celebration*

jockettuk

Woby_Tide wrote:

a retracement towards it's peak? so it's a rising market, excellent, thanks for clearing that up!

*buys lots of houses in celebration*

you playing monopoly again lol

dragonfly02

Reuters.co.uk: Sharp fall in house prices British house prices have fallen at their sharpest rate in nearly a decade in March, the Nationwide Building Society has said, just five weeks before an expected general election

no need to say anything more, this quote speaks for itself

whoever

dragonfly02 wrote:

Reuters.co.uk: Sharp fall in house prices British house prices have fallen at their sharpest rate in nearly a decade in March, the Nationwide Building Society has said, just five weeks before an expected general election

no need to say anything more, this quote speaks for itself

I think you've taken this out of context - read the fall story here ....
http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=399297&in_page_id=57

deemy2004

Woby_Tide wrote:

a retracement towards it's peak? so it's a rising market, excellent, thanks for clearing that up!

*buys lots of houses in celebration*

LOL

You devil... you ...

deemy2004

whoever wrote:

I think you've taken this out of context - read the fall story here ....
http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=399297&in_page_id=57

Its when year on year changes goes negative is when the avalaunch of selling and falls will begin !

As by then FEAR will have long since replaced GREED

devlin_adl

I can only speak from my own experience. FTB here, had an offer accepted on a flat in London in August and completed in November last year. In January an identical flat in the same block went up for sale. Same size, same layout. The kitchen and bathroom were fitted out the same, albeit they had been maintained in slightly better condition. The view isn't quite as good in this other flat as it's lower down and it only has an allocated parking space (unlike my flat which has its own garage). After about six weeks, it came off the market, sold subject to contract. The agreed price was £45k above what I paid. If this is evidence of a falling market, I can live with it.

dougk_2

Heres the way I see things:

House worth 100,000 one month worth 100,500 next month = Rising Price
House worth 100,000 one month worth 100,000 next month = Static Price
House worth 100,000 one month worth 99,500 next month = Falling Price
All = somewhere to live and long term increased value

Car worth 18,000 new from showroom - Man buys, drives 100 yards down road now worth £16,500! = Stupid Man!
Short,medium and long term = depreciating value = losing money!

Loss predictions
buy £10,0000 house drops 3% per year for 3 years =91,267 value left
buy £18,000 car depreciates 20% per year = 9,216 value left

In three years car lost £8784 , house lost £8733.

next 2 years :

house increases by 5% each year = £100621 value
car decreases by another 20% each year = £5898 value

Man happy with loss on car - not concerned , but annoyed at small increase on house - why? He has just "blown" £12k! He could have bought a five year old car and only lost £2k or £3k!


Okay its off topic, but wanted to point out that even if a house drops in value you are losing less than you would on a car, so money saving tip of the day - DON'T by a brand new car!