London Has Peaked

Crashy_Time

chucknorris wrote: »

'Everyone' there I suggest lies your misunderstanding of the system, not 'everyone' will be able to afford to buy, although there will be those that think that they should be able to, hence long bloody threads about why prices are falling or peaked (when they aren't) or should be, blah, blah. blah.

Go Chuck! Tell them how it is! Don`t let reality get a look in.

Crashy_Time

Wow. Delusion and panic are afoot in the bunker. Go Bubble and Squeak!

chucknorris

Crashy_Time wrote: »

Go Chuck! Tell them how it is! Don`t let reality get a look in.

LOL make your mind up! If you think that everyone can afford to buy, then why is there a problem with prices (in your opinion) being high, you can't have it both ways.

Bubble_and_Squeak

MobileSaver wrote: »

Oh dear, you really have lost the plot.

"The Office for National Statistics (ONS) is the UK’s largest independent producer of official statistics and is the recognised national statistical institute for the UK."



So there we have it, time to move the goalposts again Bubbles?

didn't these guys miscount £11,000,000,000 of government tax revenue last month?

Bubble_and_Squeak

HAMISH_MCTAVISH wrote: »

Seeing as you asked....;)


http://www.bloomberg.com/

:beer:

my target area of newham increased by 1.8% according to rightmove.
given that october is historically the strongest month for increases this is hardly rampant hpi. also, over a quarter of entries in newham have had their asking prices reduced.

Bubble_and_Squeak

danothy wrote: »

Would that be the fabled fourth quarter "post autumn bounce" that supposedly didn't happen?*

*Assuming that the fourth quarter has actually happened and autumn has actually ended.

what was that about being too early into the fourth quarter to say?
oh yeh, conveniently forgotten.

Bubble_and_Squeak

wotsthat wrote: »

It's completely mental to use asking prices over the long term to monitor house prices. Why? Because after a short period of time they are superseded by sold prices.

If you insist though here's what the Gospel according to Rightmove says about Haringey..

Oct 13 - £599k
Apr 14 - £640k
Oct 14 - £660k

Obviously a different Haringey to the one you live in where an extra bedroom can be purchased for the April 'peak' price.

Maybe it's time to give up on forecasting house prices? You have a save and hope strategy and nothing more.

i have already said that i would not buy in haringey as houses are too overvalued. i was actually referring to forest gate, where asking prices south of romford road are about £50k lower that they were around april. same is true of walthamstow where asking prices in some areas are down to £300k, which was unheard of around april.

Bubble_and_Squeak

pwllbwdr wrote: »

What does that mean? "real terms" in what sense, and what is a "yoy terms" peak?

if you take inflation into account may remains the peak for the rightmove index. octobers peak is in nominal terms.
also, the yoy rate peaked in may.

Bubble_and_Squeak

crashy_time wrote: »

wow. Delusion and panic are afoot in the bunker. Go bubble and squeak!

yay! Crashys back!

Bubble_and_Squeak

looks like it didn't sell, chucks
open days ain't what they used to be
how much would you pay?

http://www.rightmove.co.uk/property-for-sale/property-48537845.html