House prices fall 1.9% YoY in May (hometrack report)

brit1234

mitchaa wrote: »

I have not for 1 minute said that property is continuing to rise. I bought 10 mths ago and have seen a significant increase, that's all i need to know

I wouldn't smile, Scotland was a little bit behind the rest of the UK, in the same way the UK was some months behind the US (18). Your be in negative equity within about 4 months.

thriftybabe

I live in an affluent area of Scotland and have noticed over the last few months houses that have remained on the market, dropped prices and switching to fixed prices. It is definitely happening albeit it has been happening down South I gather since last year.

Incisor

mitchaa wrote: »

Increases in salaries dont have an effect on the price of a barrel of oil then?

No. That is confusing cause and effect.

beingjdc

What a curious thing to think. Of course if everyone has more money but there is no extra stuff, the price of stuff will go up, because people will be prepared to outbid each other for it up to a higher price.

meanmachine_2

mitchaa wrote: »

Complete moron. At least get your facts right:rolleyes:

Imbecile:rolleyes:

(At least get your story correct)

For someone who couldn't care less about house prices, you do seem rather touchy on the subject.

Still, if i'd bought at the very peak of a 10 year bubble, I guess I'd be testy too.

Incisor

beingjdc wrote: »

What a curious thing to think. Of course if everyone has more money but there is no extra stuff, the price of stuff will go up, because people will be prepared to outbid each other for it up to a higher price.

Exactly. Hence oil companies can afford to pay people more to access increasingly difficult reserves.

oldMcDonald

meanmachine wrote: »

Then educate yourself.

Don't flaunt your ignorance like it's a badge of honour.

I use hometrack as my buy signal. When Hometrack records three months of price rises, that's my cue to seriously consider buying again.

Carry on using LR figures if you like. I suspect you also drive an Austin Allegro and eat spam fritters for tea.

Oi, meanmachine, I own an Austin Allegro - which I love to bits - and I know who Hometrack are

However, I don't eat spam fritters for tea, and I am certain that house prices are going to fall:D

beingjdc

Incisor wrote: »

Exactly. Hence oil companies can afford to pay people more to access increasingly difficult reserves.

Yes - and the people who are being paid more can afford to pay more and more for their petrol, derived from those increasingly difficult reserves. If they weren't being more, they couldn't. So the price goes up. Vicious circle, both are causes, and both are effects.

sigur

mitchaa wrote: »

Tell you what to make it a bit simpler for you as you're obviously needing all the help you can

BBC.....Aberdeen (+13%)

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/qa.stm

BBC.....Aberdeenshire (+15.8%)

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/qb.stm

Now lets go to nationwide

http://www.nationwide.co.uk/hpi/historical/q1_2008.pdf

(page 7)

Aberdeen (+13%)
Aberdeenshire (+18%)

So pretty much the same data then.

Seriously, it beggars belief:rolleyes:

That is some marvellous quoting as a quick look on the linked site shows a 6.2% drop in Aberdeen in the last quarter

mr.broderick

meanmachine wrote: »

True.

Except back in 06/07 it was us lot denying the veracity of the official stats and the property bulls ridiculing us for the head-in-sand approach.

Plus ca change.

And there it is, the post i have been waiting for meanie, the post that admits you were wrong back then ...