London Has Peaked

Bubble_and_Squeak

danothy wrote: »

April was not three days long. Unless you have a Rightmove link that suggests otherwise?

you're on form today!
i called april because of mmr, which i think was 28th april

danothy

Bubble_and_Squeak wrote: »

you're on form today!
i called april because of mmr, which i think was 28th april

It's spelt "forum". I'm on a "forum" today.

Bubble_and_Squeak

MobileSaver wrote: »

I know you like to deflect difficult questions so here's a simple yes/no question for you.

Do you believe that the ONS figures are fundamentally materially wrong?

I.e. no-one would suggest that any such data would be 100% accurate, there will always be some errors but any errors are statistically insignificant.

i think (but i could be wrong) ONS data is based on a relatively small sample of the mortgage market therefore i wouldn't read too much into it.

Bubble_and_Squeak

danothy wrote: »

It's spelt "forum". I'm on a "forum" today.

not your best gags today
quit while you're on top

Bubble_and_Squeak

chucknorris wrote: »

I don't know, I was (am?) trying to be sensible and diversifying my portfolio by not buying more property, but I'm only just managing to resist. I don't think that I could buy it, because my situation means that I would only buy it if I thought that I got very good value. I would probably pay £325k for it, which would give me at least a 5% yield, but I expect it to go for more than that. But another problem is that I would want to buy it for cash rather than with a mortgage, and £325k plus fees etc. would use up most of my cash, although my wife said that she might consider coming in for a third share, in which case that would probably swing it for me.

some samples i've gathered from N17 if it helps.
supply of houses in may was 70, peaking at 96 late september.
3 price cuts v 10 increases in may
17 price cuts v 4 increases this weekend just gone

danothy

Bubble_and_Squeak wrote: »

not your best gags today
quit while you're on top

Only if you cut your losses.

MobileSaver

Bubble_and_Squeak wrote: »

i think (but i could be wrong) ONS data is based on a relatively small sample of the mortgage market therefore i wouldn't read too much into it.

Yes, you're wrong, the ONS data is based on between 65% and 70% of all UK mortgage completions.

So on that basis do you believe that the ONS figures are fundamentally and materially wrong?

Bubble_and_Squeak

MobileSaver wrote: »

Yes, you're wrong, the ONS data is based on between 65% and 70% of all UK mortgage completions.

So on that basis do you believe that the ONS figures are fundamentally and materially wrong?

did they lose the other 30-35% just like they lost the £11bn tax receipts?

wotsthat

Bubble_and_Squeak wrote: »

did they lose the other 30-35% just like they lost the £11bn tax receipts?

The data set is based on completed mortgages issued by CML members.

Why don't you look some of this stuff up instead of making yourself look like an ignorant fool?

Bubble_and_Squeak

wotsthat wrote: »

The data set is based on completed mortgages issued by CML members.

Why don't you look some of this stuff up instead of making yourself look like an ignorant fool?

ignorance is bliss.
and orient are winning!