Rightmove down -4.5% in three months

robmatic

mystic_trev wrote: »

The nutjobs ranting again.



http://www.housepricecrash.co.uk/forum/index.php?showtopic=182974&view=findpost&p=909142548

Yes dearie, keep taking the tablets.;)

He's no nutjob, he's a hero to the priced out generation and an inspiration to the posters on HPC: rightly admired for having made a shed load of money out of house price inflation and actually having enough wealth as a result to be able to buy outright having retired early.

Graham_Devon

HAMISH_MCTAVISH wrote: »

Graham's gang will cheer and clap at the normal winter dip, then try to talk down the spring bounce.

If only said spring bounces had actually occured, eh!

You call this "talking down the spring bounce". Others merely ask where it is. You can't talk something down that hasn't happened, and that appears to be where your confusion lies. Were not talking down something that didn't happen, were laughing at you for insisting it happens each year, and flitting between...

"it's actually mortgage approvals that we are talking about when we say spring bounce".

"it's actually total mortgage lending were talking about when we say spring bounce".

"it's actually transaction totals we are talking about when we say spring bounce".

"it's actually asking prices we are talking about when we say spring bounce"

"it's actually confidence levels we are talking about when we say spring bounce"

"it's actually prices themselves we are talking about when we say spring bounce".

"it's actually completions we are talking about when we say spring bounce".

homelessskilledworker

Graham_Devon wrote: »

If only said spring bounces had actually occured, eh!

You call this "talking down the spring bounce". Others merely ask where it is. You can't talk something down that hasn't happened, and that appears to be where your confusion lies. Were not talking down something that didn't happen, were laughing at you for insisting it happens each year, and flitting between...

"it's actually mortgage approvals that we are talking about when we say spring bounce".

"it's actually total mortgage lending were talking about when we say spring bounce".

"it's actually transaction totals we are talking about when we say spring bounce".

"it's actually asking prices we are talking about when we say spring bounce"

"it's actually confidence levels we are talking about when we say spring bounce"

"it's actually prices themselves we are talking about when we say spring bounce".

"it's actually completions we are talking about when we say spring bounce".

He wants to remember also that there has been no bounce for years, prices are the same now as they were in 2004/05/06, depending on what index you believe.
Only another couple of years and we will be entering a decade where there has been zero nominal growth in house prices, and a good thing IMO, the sooner property is no longer seen as a fast Buck get rich quick investment the better.

chewmylegoff

There has been a spring bounce every year but it is ironed out by seasonal adjustment. You can see it by looking at an unadjusted index like rightmove.

Aberdeenangarse

robmatic wrote: »

He's no nutjob, he's a hero to the priced out generation and an inspiration to the posters on HPC: rightly admired for having made a shed load of money out of house price inflation and actually having enough wealth as a result to be able to buy outright having retired early.

The blokes completely barking mad. Anyone who says they're keeping all their money in cash and is not affected by inflation has got a screw loose. As for having enough cash to retire early, his pulling your plonker. What he probably meant was he thought he had enough cash but now realises he's an early retard.;)

wotsthat

homelessskilledworker wrote: »

He wants to remember also that there has been no bounce for years, prices are the same now as they were in 2004/05/06, depending on what index you believe.
Only another couple of years and we will be entering a decade where there has been zero nominal growth in house prices, and a good thing IMO, the sooner property is no longer seen as a fast Buck get rich quick investment the better.

Let's see.

You spotted an exciting trend in Rightmove data where asking prices fell this summer but neglected to notice that this happens every year.

Then you neglected to notice that it does the opposite in spring.

Then you have the nerve to question other people's data interpretation skills.

Can you see the irony?

wotsthat

homelessskilledworker wrote: »

Mmmm, very interesting, you have finally commited yourself without having to make a handful of snide remarks in the process.
You could well be right, we should see in the next few months whether you theory proves correct.
Next few months should show decent rises then??

The pattern continues with Rightmove data up in the last month (the same as every year).

Let's take a guess for Rightmove November - here are some previous data releases for the month of November as a clue. It's possible that it could be positive but the chances seem against it.

November 2011 minus 3.1%
November 2010 minus 3.2%
November 2009 minus 1.6%
November 2008 minus 2.9%

Rightmove data shows the here and now - it's hopeless for identifying long term trends because once it becomes historical then much better data exists within sold price indices.

Graham_Devon

wotsthat wrote: »

I doubt there will be decent rises over the next few months either.

Eellogofusciouhipoppokunu

DervProf wrote: »

FYI, I will lose out financially from lower house prices, but my sense of what is good for the country is greater than my VI.

How will you lose out financially from lower house prices? Are you a property speculator or estate agent?

shortchanged_2

Eellogofusciouhipoppokunu wrote: »

How will you lose out financially from lower house prices?

Because it may affect his LTV, so might not get such a good deal on his next mortgage perhaps?