We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Nationwide Oct: +1.0% MoM +5.8% YoY
HAMISH_MCTAVISH
Posts: 28,592 Forumite
As per title.
http://www.nationwide.co.uk/~/media/nationwide.co.uk/pdf/hpi/Oct_2013.pdf
Still 7% below peak in nominal terms, and more like 25% below in real terms.
A long way to go before the recovery is complete, although we're getting there, slowly but surely.
:beer:
http://www.nationwide.co.uk/~/media/nationwide.co.uk/pdf/hpi/Oct_2013.pdf
Still 7% below peak in nominal terms, and more like 25% below in real terms.
A long way to go before the recovery is complete, although we're getting there, slowly but surely.
:beer:
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
0
Comments
-
I'm happy how it is now. I can't wait to see the word gazumping on HPCWe love Sarah O Grady0
-
*tumbleweed*
-1.0% a year ago and this thread would have been 11 pages long.
Perhaps they're all on Rightmove trying not to miss the boat again.0 -
This is another vicious triple kick in the man packet of any poor renter desperate for a small secure home.
These vile house price rises are festering symptoms of a sick society that cares more about banks and pension funds than about decent homes for decent people.0 -
Blacklight wrote: »*tumbleweed*
-1.0% a year ago and this thread would have been 11 pages long.
.
Pretty funny that the usual suspects have skulked away with their tails between their legs just as the recovery gets warned up, after so many years of posting obsessively how the "next big leg down" was always just around the corner.: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 -
HAMISH_MCTAVISH wrote: »Pretty funny that the usual suspects have skulked away with their tails between their legs just as the recovery gets warned up, after so many years of posting obsessively how the "next big leg down" was always just around the corner.:D
Can you imagine the frenzy if these were -5.8% YoY?
Many have probably just bought houses. Their personalities were so linked to falling house prices that once purchased their online presence became irrelevant. If your username is something like 'thenextlegdownisthebigone' it doesn't quite fit with being buying on Help to Buy.
I miss the good old days when Graham would just say 'good' when NW fell 0.1% MoM and 0.2% YoY.0 -
I miss the good old days when Graham would just say 'good' when NW fell 0.1% MoM and 0.2% YoY.
:rotfl:
While completely ignoring the fact that any falls were only caused by wholly artificial mortgage rationing, and the moment that eased, as it inevitably would at some point, prices would start shooting up again because the crash/crunch made the shortage of housing even worse than it already was!
Talk about "kicking the can".....: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 -
Should providing a home for your family really be all about missing boats and stuff like that? Sounds a little sad to me.Blacklight wrote: »*tumbleweed*
-1.0% a year ago and this thread would have been 11 pages long.
Perhaps they're all on Rightmove trying not to miss the boat again.0 -
Should providing a home for your family really be all about missing boats and stuff like that? Sounds a little sad to me.
Unfortunately it's reflection of a series of disastrous housing policies since WW2:
- Green Belt: fail
- Council housing: fail
- Housing benefit: fail
- Planning policies: fail
- Fixed rents: massive fail (now long gone and good riddance)
If increased demand can't be reflected by increased supply then only one thing can happen to prices....0 -
If increased demand can't be reflected by increased supply then only one thing can happen to prices....
It really is that simple.
Yet still seems so hard for some to understand.....“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: »It really is that simple.
Yet still seems so hard for some to understand.....
In a totally free market, yes. The argument may be that something as critical as house should be controlled in some way. Either on the demand or supply side.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards