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

wotsthat

Crashy_Time wrote: »

Ok, let`s just hold that thought and see shall we?

You've been holding that thought since 1997.

A crash, when it happens (and it will), can only make your situation less worse rather than better and yet you still persist in asserting you can confidently forecast the direction of the housing market despite nearly two decades of evidence to the contrary. Knowing your luck prices will probably go up by another 25% before then crashing by 15% - you'll still attempt to call that a victory.

fordcapri2000

wotsthat wrote: »

You've been holding that thought since 1997.

A crash, when it happens (and it will), can only make your situation less worse rather than better and yet you still persist in asserting you can confidently forecast the direction of the housing market despite nearly two decades of evidence to the contrary. Knowing your luck prices will probably go up by another 25% before then crashing by 15% - you'll still attempt to call that a victory.

So what!!

What is to you if people want to try an predict house price falls. why do you spend every minute of each and every working day/month/year getting upset about something that really is no big deal to you.

Personally I get really emotive and worked up about ISIS or child/animal/elderly abuse.

So what if people get it wrong, so what if people are making a big mistake in trying to predict an unpredictable market, so what if someone wants something cheaper for whatever reason that might be..

I find it more troubling that there is someone like you who has such an uncontrollable obsessive hatred of what are quite an innocent group of people who are dellusional at worst, where it leads to stalking and the actual googling and facebook stalking in the hope of getting even more dirt to vindicate their own disturbing behaviour.

Anyway Dude, good luck in yet another full day of putting those nasty people in there place who want cheaper houses or shock horror, might be trying to articulate what they believe to be true.

System

fordcapri2000 wrote: »

Personally I get really emotive and worked up about a nasty man on the internet who made me look like a bell end last year

FTFY, you're welcome.

Generali

fordcapri2000 wrote: »

So what!!

What is to you if people want to try an predict house price falls. why do you spend every minute of each and every working day/month/year getting upset about something that really is no big deal to you.

Personally I get really emotive and worked up about ISIS or child/animal/elderly abuse.

So what if people get it wrong, so what if people are making a big mistake in trying to predict an unpredictable market, so what if someone wants something cheaper for whatever reason that might be..

I find it more troubling that there is someone like you who has such an uncontrollable obsessive hatred of what are quite an innocent group of people who are dellusional at worst, where it leads to stalking and the actual googling and facebook stalking in the hope of getting even more dirt to vindicate their own disturbing behaviour.

Anyway Dude, good luck in yet another full day of putting those nasty people in there place who want cheaper houses or shock horror, might be trying to articulate what they believe to be true.

I think you forgot to sign out of your other login.

wotsthat

fordcapri2000 wrote: »

I find it more troubling that there is someone like you who has such an uncontrollable obsessive hatred of what are quite an innocent group of people who are dellusional at worst, where it leads to stalking and the actual googling and facebook stalking in the hope of getting even more dirt to vindicate their own disturbing behaviour.

Has your psychiatrist ever talked to you about projection?

khards

Looks like the tipping point was passed a while ago.
It's a fact that after revisions prices have been falling for two months (August and September).

UK house prices fell by 0.2% in September

wotsthat

khards wrote: »

Looks like the tipping point was passed a while ago.
It's a fact that after revisions prices have been falling for two months (August and September).

Wouldn't a graph showing falling prices make your point better than one where they're rising by 8% YoY.

gbsilp

wotsthat wrote: »

Wouldn't a graph showing falling prices make your point better than one where they're rising by 8% YoY.

I think you probably mean "they have risen by 8%" as opposed to "they're rising" by 8%".....

wotsthat

gbsilp wrote: »

I think you probably mean "they have risen by 8%" as opposed to "they're rising" by 8%".....

Yes apologies for any confusion the tense of the verb may have caused.

You don't see it as odd that someone asserting price changes have been negative for two months chooses to prove this with a YoY price change graph where the final point is +8%? I assume not given your concern the use of 'they're rising' instead of 'they rose' as the key takeaway point from my post.

lisyloo

Personally I don't see it as odd.
There is very definitely a change in direction here.
This is going to bring about (if not already) a strong change in sentiment.
Anyone previous thinking "better buy or I'll get priced out" is now going to think "I should wait" which will have the snowball effect in the opposite direction, so it certainly has the potential to be totally significant.

The key point about "they rose" is that the +8% figure is backward looking, so no it's not terribly relevant to the very significant change of direction.

Of course backward looking YOY figures will be positive for a little while.