'We've reached a tipping point' Signs of house price weakness

Bubble_and_Squeak

Joeskeppi wrote: »

Waltham Forest +2.5% mom +29.3% yoy

Ouchie.

let hylas have his moment of glory

Bubble_and_Squeak

rob404uk wrote: »

Bubble, is 're-wired' you with a different name. He appears to thank you a lot without ever posting.

must be a HPCer

Libber

Bubble_and_Squeak wrote: »

and what of the hometrack survey?
OH NO I'LL IGNORE THAT ONE BECAUSE IT DOESN'T SAY WHAT I WANT TO HEAR

Clearly, the index showing only a 0.1% rise must trump the ones showing much bigger increases because, uh, well just because OK?

Bubble_and_Squeak

Libber wrote: »

Clearly, the index showing only a 0.1% rise must trump the ones showing much bigger increases because, uh, well just because OK?

hang on to 16 as long as you can
these surveys measure past activity
what going on NOW is what matters
but you all know that because you're all money saving experts

Libber

Bubble_and_Squeak wrote: »

hang on to 16 as long as you can
these surveys measure past activity
what going on NOW is what matters
but you all know that because you're all money saving experts

I beg your pardon - what is this 16 that I need to be hanging on to?

Bubble_and_Squeak

Libber wrote: »

I beg your pardon - what is this 16 that I need to be hanging on to?

let it rock, let it roll...

https://www.youtube.com/watch?v=h04CH9YZcpI

wotsthat

Bubble_and_Squeak wrote: »

i live in haringey for work purposes
wasn't planning on buying in the stow but since asking prices have dropped by £50-75k since april i may well consider
OH NO BUT BUT THE LAND REGISTRY SAYS THEY'VE GONE UP!

See those capital letters? That's the number that needs to go in your progress tracking spreadsheet.

Oh for a time machine.

robmatic

Bubble_and_Squeak wrote: »

i'll be buying early 2015

So the market will drop enough in 4 months to get you back to the position you would have been in had you bought a year ago?

Good luck with that.

In_For_A_Penny_2

Bubble_and_Squeak wrote: »

i'll be buying early 2015

The psychology is interesting - you clearly grab onto any bit of "noise" that suggests prices might fall and yet are happy to ignore all evidence to the contrary.

It's understandable as you want to feel better about what may be a poor financial decision. A bit like a gambler chasing their losses - "next month will be my month".

For the record, I too am waiting to buy for different reasons (not because I am waiting for a crash).

While a "crash" would certainly help me, I'm realistic and just don't see it happening anytime soon. You can't time the market. . . Any market.

Bubble_and_Squeak

In_For_A_Penny wrote: »

The psychology is interesting - you clearly grab onto any bit of "noise" that suggests prices might fall and yet are happy to ignore all evidence to the contrary.

It's understandable as you want to feel better about what may be a poor financial decision. A bit like a gambler chasing their losses - "next month will be my month".

For the record, I too am waiting to buy for different reasons (not because I am waiting for a crash).

While a "crash" would certainly help me, I'm realistic and just don't see it happening anytime soon. You can't time the market. . . Any market.

i'm not waiting for a crash.
there is currently a correction underway in london.
let me know if you find any evidence which contradicts this.
todays LR figures are consistent with my original assertion that london peaked in april, unless of course i'm wrong and once the housing market peaks it shows up on the stats an hour later