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

wotsthat

Bubble_and_Squeak wrote: »

asking prices are falling
percentage of the asking price achieved is falling
yet the government stats for the last two months imply growth of over 50% a year
hmmm...

You don't know what percentage of current asking price is being achieved. For a start you keep going on about the ever extending lag and secondly you don't believe the stats anyway. You making an assertion not a statement of fact.

Only mugs and the media use MoM data and extrapolate to a year.

Bubble_and_Squeak

chucknorris wrote: »

I thought that the maths had been done, and it showed that you could have bought significantly cheaper approximately one year ago.

omitting the s was tongue in cheek

Bubble_and_Squeak

wotsthat wrote: »

You don't know what percentage of current asking price is being achieved. For a start you keep going on about the ever extending lag and secondly you don't believe the stats anyway. You making an assertion not a statement of fact.

Only mugs and the media use MoM data and extrapolate to a year.

according to hometrack it was 96.2% for london in september
i don't rightly remember the exact figure but it was over 98% around april

wotsthat

Bubble_and_Squeak wrote: »

according to hometrack it was 96.2% for london in september
i don't rightly remember the exact figure but it was over 98% around april

What about the lag you worry about so much?

Bubble_and_Squeak

wotsthat wrote: »

What about the lag you worry about so much?

hometrack is a lead indicator

Bubble_and_Squeak

chucknorris wrote: »

I thought that the maths had been done, and it showed that you could have bought significantly cheaper approximately one year ago.

as canadian country legend michael macdougal would say "that much is true"
however, supply has doubled since then and continues to increase so there is still hope!

Bubble_and_Squeak

Bubble_and_Squeak wrote: »

as canadian country legend michael macdougal would say "that much is true"
however, supply has doubled since then and continues to increase so there is still hope!

actually, supply is up by around a third

padington

Bubble_and_Squeak wrote: »

actually, supply is up by around a third

First sign of madness but possibly no surprise.

Thrugelmir

Bubble_and_Squeak wrote: »

actually, supply is up by around a third

A sign that the tide is going out perhaps.

Bubble_and_Squeak

a sign that people (but not the bulls on this site) have realised that london property is massively overvalued perhaps