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Debate House Prices
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Halifax March +0.2% MoM +1.1% YoY
Comments
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chucknorris wrote: »Really? It seems a bit strange that less than 3 years ago you were renting:
https://forums.moneysavingexpert.com/discussion/comment/34971297#Comment_34971297
Yet now you now have a property portfolio.
That's funny. :rotfl:Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
For example, you could think positive and say "if you bought a house in 2005 you would have broke even over the past 8 years". :beer:
Depends on where you are in the country. We bought in 2008, and next door (identical to mine) has just gone under offer at 30% more than we paid.
Not a bad return.0 -
We bought in 2008, and next door (identical to mine) has just gone under offer at 30% more than we paid.
Yep.
We bought our current house in 2007, and a similar house on our street has just completed for 21% more than we paid.
And of course since then, we've averaged mortgage interest of around 2.5%, versus closer to 7% to rent the same place.
We're now around £90,000 better off by buying in 2007 than we would have been by renting the same house since.Not a bad return.
Indeed.
Not bad at all for a house price crash....:D“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
SAVING_IS_DEAD_MONEY wrote: »I don't understand why these figures have not been discussed over on HPC when that site was specifically founded for such debate. There is not one thread over there on the subject. Zero. Zilch. Zip. Nada. Nothing.
Really?
You don't understand why the posters on a site obsessed with falling house prices "forget" to post about house prices when they're rising? :rotfl:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Really?
You don't understand why the posters on a site obsessed with falling house prices "forget" to post about house prices when they're rising? :rotfl:
There does seem to be a bit of "group think" over there.
I post on there occasionally, but its not very active0 -
its not very active
That's what happens when you ban anyone who disagrees with you on a debate board.
All you're left with is a few people of the same views and a shedload of confirmation bias.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »That's what happens when you ban anyone who disagrees with you on a debate board.
All you're left with is a few people of the same views and a shedload of confirmation bias.
There does seem to be some realism creeping in though.
A few threads like this are appearing:
http://www.housepricecrash.co.uk/forum/index.php?showtopic=1895590 -
There does seem to be some realism creeping in though.
Sure.
And the number of threads with members giving up and buying houses has increased dramatically over the last few years.
All promptly moved to and hidden in obscure sub-forums of course... Wouldn't want to upset the hive mind.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Yeah, the Northern Ireland board was all talk about Halifax and Nationwide figures over the years. Now that they've gone positive, the general opinion (of those not yet banned), are that these indexes are useless and we should rely solely on the newer, government, index based on stamp duty receipts.
Whilst I agree with this idea, it'll be interesting to see what the next idea they'll grasp onto if this index confirms the other indexes Q1 2013 rise when it's released next month. No doubt it'll be 'a blip in the figures' and 'nothing has changed in the economy to support this', etc.
This particular index had a 6% drop in Q1 2012. At a bare minimum, the annual rate of decline will drop. A couple of rising quarters and we'll then see an annual rise.
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Seems Bloo Loo is trying to keep the troops going over there.Official MR B fan club,dont go............................0
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