Halifax August 2012 -0.4% MoM

Graham_Devon

wotsthat wrote: »

Just trying to help out a fellow board member that's all - what's your problem?

A little birdie suggests someone doesn't like this news!

Mr._Pricklepants

Graham_Devon wrote: »

A little birdie suggests someone doesn't like this news!

Why would wotsthat dislike news that means diddly squat?

homelessskilledworker wrote: »

Of course this Halifax data means didly squat on it's own

wotsthat

Graham_Devon wrote: »

A little birdie suggests someone doesn't like this news!

The Graham Gang?

Looks like continued good news to me. Stagnating nominal prices so potential FTB's can continue to save with less stress, owners better off than renting and another month closer to being mortgage free. The only people not liking this news are those hoping for a crash - it's been postponed again.

Prices up, down or sideways make little difference to me personally other than the basis for starting an internet argument which I like very much.

Generali

wotsthat wrote: »

The Graham Gang?

Looks like continued good news to me. Stagnating nominal prices so potential FTB's can continue to save with less stress, owners better off than renting and another month closer to being mortgage free. The only people not liking this news are those hoping for a crash - it's been postponed again.

Prices up, down or sideways make little difference to me personally other than the basis for starting an internet argument which I like very much.

Basically flat nominal prices is about the best outcome that could be hoped for in the UK considering where things were in 2007-9. It doesn't screw banks, owners or prospective owners.

I don't believe that economic policies have been great since then but the outcome has been ok considering the range of alternatives.

chucknorris

Generali wrote: »

Basically flat nominal prices is about the best outcome that could be hoped for in the UK considering where things were in 2007-9. It doesn't screw banks, owners or prospective owners.

I don't believe that economic policies have been great since then but the outcome has been ok considering the range of alternatives.

Exactly! There is no way that prices are going up for a while yet so stagnation with (for some) low mortgage rates as compensation is as good as it is going to get for a few years. As you say, not bad news for those waiting to buy as well, so more or less good news for everyone.

ukcarper

Graham_Devon wrote: »

Love it, back to the renting argument straight away!! Prices must have declined on an index.

I like this news. This is good news.

Not really homeless said £2k of price of house I pointed out that you could easily be paying more than that in rent, a room in a house share would cost more than that.

My opinion for what it’s worth is that if you are in a position and want to buy and you see something you like you might as well buy now. If you are living with parents or have very low rent and you prefer to hang on you might as well.

Obviously there are some people who can’t buy( they have no choice but to wait) and people who don’t want to buy.

I’d say the news is pretty neutral falls small enough to not make much difference to anyone.

homelessskilledworker

Generali wrote: »

Basically flat nominal prices is about the best outcome that could be hoped for in the UK considering where things were in 2007-9. It doesn't screw banks, owners or prospective owners.

I don't believe that economic policies have been great since then but the outcome has been ok considering the range of alternatives.

Thats roughly how I see it as well, but the policies we have had post 2007 have been survival policies. They are policies that have been designed to cling on, they kept the banks afloat and those heavily in debt, and I mean mortgage debt as well.

At some point very soon this government(or any other) will have to go for growth. David Cameron right now is coming under pressure to deliver, you are seeing signs of it now in the media. Slighly OT but I get a sneaky feeling that David Davis might just be ready for a second shot at Camerons job.

We are still borowing more than we earn, and it is getting worse. Cameron can only sit on his hands for so long, he really is trying hard not to unsettle everyones(voters/homeowners) feeling of security.

But going for growth is really going to turn things upside down and will not be without a few dissenters who only care about whats in their pocket now. And talking about the consequences of going for growth(GDP) and the inpact on property prices is just a waste of time talking about on here:)

Government policy to date has been make people feel like they are holding onto their wealth(political bribe), it has cost us £350 Billion alone in QE, and all the other measures and put offs that have been put in place. Many would argue that the money we have wasted in keeping dead wood afloat would have been better spent on real measures on strengthening our economy.

Growth chasing is coming, and I welcome it. but it won't please a lot of people:)

Eellogofusciouhipoppokunu

Do you guys really debate a 0.4% drop in an index? 0.4%?

Surely that sort of a fractional percentage is within the error tolerance of any statistical measure and so is effectively irrelevent as a metric figure?

wotsthat

Eellogofusciouhipoppokunu wrote: »

Do you guys really debate a 0.4% drop in an index? 0.4%?

Too right! Do you really debate about whether people should be debating?

Graham_Devon

Eellogofusciouhipoppokunu wrote: »

Do you guys really debate a 0.4% drop in an index? 0.4%?

Debate is a strong word!