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Debate House Prices
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Nationwide goes negative YOY
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What on earth would he do if I jetted off a fortnight in the sun?
Maybe it would help if I posted all my holiday dates/kids school holidays here in advance, to stop the rumour mill working overtime......
have several heart attacks, I reckon!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Only according to 1 independent lender.
Wait for LR figures before it's ''official''
Lol yeah if you belive govenment figures!! I bet you belive inflation is 2.5% as well dispite all the evidence to the contary all around you.
The thing abount the LR figures is that they are based on apples for apples i.e. the SAME house being bought/sold. The data will lag far behind all the other data, and there are only 2 million properties that are currently included.
What is the average time between the same house being sold again??
Oh yeah the LR data came out a few days ago and showed a monthly drop!!0 -
Lol yeah if you belive govenment figures!! I bet you belive inflation is 2.5% as well dispite all the evidence to the contary all around you.
The thing abount the LR figures is that they are based on apples for apples i.e. the SAME house being bought/sold. The data will lag far behind all the other data, and there are only 2 million properties that are currently included.
What is the average time between the same house being sold again??
Oh yeah the LR data came out a few days ago and showed a monthly drop!!
Data from different lenders show different figures. I was only reading an article this morning that states the average price of a UK home today is £218k.
http://news.uk.msn.com/Article.aspx?cp-documentid=8201852
Halifax say something different.
Nationwide say something different. (£176k-quite a difference to above £218k)
Hence the use of the ''official'' LR figures. I suspect it will be a couple of months before it catches up and shows the same thing, yes.
Inflation at 2.5%....:rotfl: Luckily i get RPI based annual increases, although im still pretty sure thats underquoted too
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neverdespairgirl wrote: »More than that, of course, if you take into account inflation.
Yep. And if you use 'real' inflation as opposed to the made up figures that they give us then it's a LOT more.
I personally believe that the basket of goods used to measure inflation shoud consist of at least 60-70% essential items, as opposed to DVD's /iPods etc.0 -
dannyboycey wrote: »Yep. And if you use 'real' inflation as opposed to the made up figures that they give us then it's a LOT more.
I personally believe that the basket of goods used to measure inflation shoud consist of at least 60-70% essential items, as opposed to DVD's /iPods etc.
Don't worry, now that house prices are falling there's a growing clamour to incorporate them into CPI. That should help keep 'inflation' nice and low.
As the pound looks set to take a nasty further fall and inflation takes hold in the Far Eastern economies, pretty much everything else is set to increase. I believe clothing is the next area where rises are expected to bite.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
As the pound looks set to take a nasty further fall...
That'll be the next thing. As if by magic, it'll be "Oh, look, £1 is worth the same as €1... We may as well just use them instead!". They've already made the £20 notes look like euros as some kind of subliminal message for dimwits.0 -
Wow, a whole 1% YOY fall :rolleyes:
Only another 49% to go if you believe half the drivel on this site. Wouldn't take any notice of nationwide/halifax stats either, wait until the official LR publishes
My property has increased by £39,000 within the last 10 months after a valuation a couple of days ago so this HPC nonsense doesn't worry me in the slightest:p
Its the renters amongst you who feel the need to gloat, i'd much rather have money in bricks and mortar than nothing at all.
Excuse me while I wipe the tears of laughter from my eyes !.:rotfl:
We're not all renters you know. My own house has supposedly increased by over £200k in the last 10 years - and I'm confidently predicting it will fall by a good £100k over the next few years.
Some of us have seen it all before and are realistic rather than optimistic.0 -
Please remember that this figure is the national average - each region will be different.
Using a 1/4 mile postcode radius on rightmove would give you a broader picture of what is happening in your area.0 -
Im getting excited, As a first time buyer I have been priced out of the market. Fingers crossed for a good 20-30% crash(correction).0
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johnycoldears wrote: »Excuse me while I wipe the tears of laughter from my eyes !.:rotfl:
We're not all renters you know. My own house has supposedly increased by over £200k in the last 10 years - and I'm confidently predicting it will fall by a good £100k over the next few years.
Some of us have seen it all before and are realistic rather than optimistic.
Put your money where your mouth is then. Sell right now, bag the £200k profit, put it into a high interest savings account and rent until you can buy the same property or a better 1 at that again in a few years time
No, i thought not:D
Confidently predicting:T :rotfl: Haha, crystal ball syndrome i see 0
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