Any other home buyers in NI?

motorguy

saverbuyer wrote: »

And why would intergenerational mortgages me cause drops for 15 year?

I always find it interesting that when i put in a paragraph of what is a sensible response, you always take an extract out of context.

Is this because you secretly know you actually cant dispute everything else i put in that paragraph?

motorguy

saverbuyer wrote: »

Think it's a good time to link back to Tara post.

Average prices dropped 1.5% :eek:

That's over £3000 saved in 2 months alone.


Now that's some money saving. :money::money:

Reading what you want to again - its specifically says "The overall trend in Northern Ireland is flat with prices staying at around £130,000 since the middle of 2012"

So bottomed out and flat rather than dropping?

saverbuyer

motorguy wrote: »

Because prices were astronomical and unsustainable with 'normal' mortgages.

So did high prices bring about intergenerational mortgages or did intergenerational mortgages bring about high prices?

saverbuyer

motorguy wrote: »

Reading what you want to again - its specifically says "The overall trend in Northern Ireland is flat with prices staying at around £130,000 since the middle of 2012"

So bottomed out and flat rather than dropping?

Sorry is £130,000 down to £127,000 flat?

I make that a £3000 fall.

Don't you?

qwert_yuiop

motorguy wrote: »

Historically, it does always come back round again.

Of interest when you talk about a 13 year cycle, thats 'peak to peak' being one cycle.

If we're now 6.5 years since the last 'peak' of early 2007, then it should be bottoming out round about now....

We never really had a cycle. I don't think past performance is any guide to future returns in this market.

Even construction costs, treating site value as zero, are of little benefit in valuation in a true once in a century slump. The last time NI (or more accurately, the area which became NI, that's how long ago it is) had a proper property crash was after the first world war.

saverbuyer

motorguy wrote: »

I always find it interesting that when i put in a paragraph of what is a sensible response, you always take an extract out of context.

Is this because you secretly know you actually cant dispute everything else i put in that paragraph?

I always find your strawman arguments interesting.

I could probably get you the figures on just how large those rises were before 2004?

motorguy

saverbuyer wrote: »

Sorry is £130,000 down to £127,000 flat?

I make that a £3000 fall.

Don't you?

You're missing the word "trend" which i would take to mean there is some seasonal trend analysis that needs to be applied.

For example, you could easily show that the sales of convertibles has taken a huge fall compared to three months ago, however when you factor in the seasonal trend that less convertibles are sold in winter months, and relate back to last year rather than three months ago, sales could be remaining steady.

I would have thought this was fairly basic stuff?

saverbuyer

motorguy wrote: »

You're missing the word "trend" which i would take to mean there is some seasonal trend analysis that needs to be applied.

For example, you could easily show that the sales of convertibles has taken a huge fall compared to three months ago, however when you factor in the seasonal trend that less convertibles are sold in winter months, and relate back to last year rather than three months ago, sales could be remaining steady.

I would have thought this was fairly basic stuff?

Do you want me to plot the trend on a graph since 2007 Paul.

Can you guess the trend?

motorguy

saverbuyer wrote: »

I always find your strawman arguments interesting.

Seems to me you have to clutch at 'straws' to generate an argument when faced with facts.

motorguy

saverbuyer wrote: »

Do you want me to plot the trend on a graph since 2007 Paul.

Can you guess the trend?

So just to clarify what you've done

You've quoted the Office of National Statistics as evidence that prices are down.

When presented with their own comment that prices had trended at a static £130,000 for over a year, you then refute the evidence presented by the Office of National Statistics?

Is that not cherry picking what you want out of a paragraph, to try to prove your point - oh actually, thats what you do with me too isnt it? :rotfl: