Halifax -0.4%.... £159,486

chewmylegoff

Eellogofusciouhipoppokunu wrote: »

As I said, I don't want to put words in Derv's mouth but...


...perhaps it's no bad thing that the example homeowner can't trade up from a £70k mortgage to a *£195k mortgage (as in the case for your 25% HPI gains) or even from a £70k mortgage to a *£140k mortgage (as in the case for your 25% HPC) given that your example guy hasn't had his income increase in the 5 years of home ownership and seems incapable of building any savings over the same 5 years of home ownership. Derv might tell you he's better off staying put than doubling his mortgage debt.

*Caveat: I'm coming up with these mortgae figures using mental arithmatic and so they could be out a couple a quid.

he might be better off staying put - and he obviously wouldn't be able to get the £195k mortgage unless he could demonstrate that he could put up the necessary deposit and afford the repayments on the increased mortgage.

but your point was that falling prices makes it easier to climb up to the next rung of the ladder, which is untrue for people who are buying with a mortgage because price falls wipe out the equity that you need for a deposit.

perhaps you were just trolling when you wrote that...

homelessskilledworker

shortchanged wrote: »

SIBLEY!! SIBLEY!!

Anyone seen him? Where are 'we' now that prices have been 'allowed' to fall below the £160K mark?

And a few more boring snippets, Halifax has now gone 20% fall since the peak 2007/08 in nominal terms(no idea real).

And prices are now back to 2004, with only a small fall now to bring us back to 2003.

NEO72

47thagent wrote: »

They will never get bellow the £150k's, we will be back up to over 160 soon and off again, back to where we were five years ago over 200.

Well since you put your argument so well, its difficult to disagree. Really.

NEO72

Annual Halifax HPI:

May: -0.1%
June: -0.5%
July: -0.6%
August: -0.9%
September: -1.2%

Nationwide down 0.4%

Hometrack down 0.1%.

Even the Land Reg, bolstered by cash sales couldn't muster up any increase.

Not a good time to be a property bull I suppose..

jimmann

47thagent wrote: »

They will never get bellow the £150k's, we will be back up to over 160 soon and off again, back to where we were five years ago over 200.

Yes we will be back over 200K sometime in the future but not until the next decade in all probability.

How low will we go before then, 140's looking very likely.

pbouk

http://www.youtube.com/watch?v=DDwxhHwJ66M

Graham_Devon

Anyone noticed the fact this thread isn't like something written in kindergarten?

Could guess the way prices have gone by the lack of responses and lack of idiotic comments!

DpchMd

Graham_Devon wrote: »

Anyone noticed the fact this thread isn't like something written in kindergarten?

Could guess the way prices have gone by the lack of responses and lack of idiotic comments!

You must have HSW on ignore.

mr_fishbulb

47thagent wrote: »

They will never get bellow the £150k's, we will be back up to over 160 soon and off again, back to where we were five years ago over 200.

If it does go below £150k will you just sign up with a new account and say it will never go below £140k?

StevieJ

Just had a look at Zoopla, prices near me are up 4% since yesterday is that a joke site or what?