Debate House Prices
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MSE News: House prices climbed in October, says latest report
Comments
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Graham_Devon wrote: »It does lead to stagnation, but the data making up these figures month on month is at best, volitile. Don't believe any other market would be called stagnant. Would be called boyount, or volitile. Don't remember gold for instance, being called "stagnant" just because it started and finished the year at roughly the same price. A lot can happen in the data that makes up the start and end point, and that's what we have seen in the housing market.
Do you really think anyone who said prices were going to be stagnant expected prices to not move from month to month. You are talking of 90,000 house purchases a month at different values and areas, it would be impossible.
People were asked for a view on a price from start to end?
It is like saying prices falling 10% but having a rise of 4% in the middle means prices never fell that year.
Face it, some people were right, in general the YOY price looks to be fairly stagnant.0 -
seriously, uncertainty is where we are!
Why sell when you have a house?
Why buy when your renting a lovely home?
Why buy when prices are falling?
Why buy when you dont know if you will have a job in 2 years time?
Will I still be living in this rented house in 2 years?
THERE are so many questions, no one knows the answers, and no one person will be right about all of them. The only thing that can give an individual stability is house ownership. Especially with a long fixed term.
The stability is there if you have savings, if you dont then it is very difficult indeed, I was siggesting back in 2006 GET SAVING, not on this forum, but many others, and if you did, like I did, you would have a lump sum available to use as a deposit, everyone thought I was scrooge and potty for not spending, but i knew what I was doing.
Even with very low house prices, should they fall further IMO, not many will be able to take advantage as inflation will hit their spending, austerity cuts, reduce it further and there may NOT be wage rises. It will be difficult to save now, difficult for everyone. IMO the volitility in the market for house prices was in 2008/2009/2010. In 2011, people will be patient, and sit it out, affordability will get better, only slowly, as time passed, they pay down the debt. The winners in this are the old owners, who still have employment and base plus .5% mortgage rates. The losers, are the ones hoping for armageddon. it isnt going to happen... check out Japan!Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
and that's why your post mentioned house prices and the housing market in general a few times when quoting the Halifax Index - doh, shot yourself in the foot again... pmsl...Graham_Devon wrote: »I think people are just talking about the Halifax index as that's what the thread is about...0 -
interesting thread
bump
<have i done this too early or should i do it every day for the next 3 months?>0 -
Graham_Devon wrote: »I got a month right
Knew is would be up, think my guess was off though, at 0.9%!
With such a large fall last month, it would be one hell of a surprise if we got another fall this month,
I thought you covered yourself by posting a 1.6% drop meaning it would be a 5% two month drop?????????:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Jesus, which firing shot to avoid first.0
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IveSeenTheLight wrote: »I thought you covered yourself by posting a 1.6% drop meaning it would be a 5% two month drop?????????
That was an example I used to state I doubt prices would fall this month.
Go get it, quote it up, and you'll see exactly what was said, and exactly what you are twisting to the absolute extreme.0 -
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next leg down innit:rotfl:0
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thrown, pram, toys - please feel free to arrange the words in whichever order you like...
it's always a sign of severe desperation when people make clear statements and then try to claim they never said them when they are proved wrong... never mind...next leg down innit:rotfl:
here's the exact quote from yesterdayGraham_Devon wrote: »Next leg down is on....and it feels good
do you think it still feels good?0
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