MSE News: Halifax: House prices dipped slightly in July

mr_fishbulb

Dan: wrote: »

Brit is wrong yet again.

Here is an example of the Express ramping up property:

http://www.express.co.uk/posts/view/317563/House-prices-fall-again-and-this-time-even-London-is-suffering-

I think the point Brit is making is that house price rises are reported on the front page of the Express, but not the falls. On the data of the article you linked (15th May) the Express had this on the front - http://p.twimg.com/As4lKFjCIAAw3nm.jpg

James_N

mr_fishbulb wrote: »

I think the point Brit is making is that house price rises are reported on the front page of the Express, but not the falls. On the data of the article you linked (15th May) the Express had this on the front - http://p.twimg.com/As4lKFjCIAAw3nm.jpg

What have the pretty lady's legs got to do with house prices? Is it that they go up a long way?

brit1234

mr_fishbulb wrote: »

I think the point Brit is making is that house price rises are reported on the front page of the Express, but not the falls. On the data of the article you linked (15th May) the Express had this on the front - http://p.twimg.com/As4lKFjCIAAw3nm.jpg

Here are a few examples:



Anyone got any examples where they have put falls on the front page?

The stories attached to the front pages are all biased and pure ramping.

RenovationMan

Jeeze, what a hullabaloo spawned from a thread title of "Halifax: House prices dipped slightly in July". Anyone would think that the four horsemen of the apocalypse had just ridden in!

DRP

brit1234 wrote: »

Here are a few examples:

Anyone got any examples where they have put falls on the front page?

The stories attached to the front pages are all biased and pure ramping.

James_N

RenovationMan wrote: »

Jeeze, what a hullabaloo spawned from a thread title of "Halifax: House prices dipped slightly in July". Anyone would think that the four horsemen of the apocalypse had just ridden in!

Yes imagine what would happen if prices really did fall. Brit would be besides himself posting all over the place; and if prices rise Brit would .... disappear quietly with his tail between his legs.

Now which is most likely, and desirable?

FTBFun

saverbuyer wrote: »

I'm with Brit on this too. I'm in NI where prices have dropped 60% since 2007.

The only problem being, of course, that brit lives in err, inner west London, which is a bit different.

DRP

FTBFun wrote: »

The only problem being, of course, that brit lives in err, inner west London, which is a bit different.

well he certainly knows where to move next :beer::money:

brit1234

FTBFun wrote: »

The only problem being, of course, that brit lives in err, inner west London, which is a bit different.

Not really in fact they are very similar. London and North Ireland (with the exception of Sandbanks) were the biggest 2 areas property speculators went crazy and we had the biggest price rises. Both were totally unsustainable. The big difference was the Euro crisis where foreign investors ploughed 100s of millions Into London property as a store of wealth. Property prices in some parts of London are now higher than the peak of 2007 even despite the poor state of the economy. They are not buying value but paying any speculative asking price often over. Its not rational, its panic buying. However the high end market in volume is collapsing in volue after the tax changes in April and they are now turning to Germany instead of London.

The potential collapse in London is likely to be on a scale of Northern Ireland. I'm not saying this as I want to buy in Park Lane but in the suburbs

FTBFun

brit1234 wrote: »

Not really in fact they are very similar. London and North Ireland (with the exception of Sandbanks) were the biggest 2 areas property speculators went crazy and we had the biggest price rises. Both were totally unsustainable. The big difference was the Euro crisis where foreign investors ploughed 100s of millions Into London property as a store of wealth. Property prices in some parts of London are now higher than the peak of 2007 even despite the poor state of the economy. They are not buying value but paying any speculative asking price often over. Its not rational, its panic buying. However the high end market in volume is collapsing in volue after the tax changes in April and they are now turning to Germany instead of London.

The potential collapse in London is likely to be on a scale of Northern Ireland. I'm not saying this as I want to buy in Park Lane but in the suburbs

There's a lot of imperatives there for what is frankly just opinion.