House prices fall 2.5 per cent!

neverdespairgirl

neas wrote: »

and i hate it when people talk of the market getting worse... in a market.... it never gets worse or better.

Its all from a persons perspective...

My mother feels the same way about the weather. She hates it when a forecaster talks about rain being "bad weather", she tends to yell something like, "what if you are a gardener? Or a frog?"

useless

neas wrote: »

I tell you where those FTbers have been... partying and using Credit Cards sp they dont have positive cash,.. they owe people money!.

People are not financially intelligent these days.

sorry, just not true.
that's an extreme view.

dannyboycey

useless wrote: »

sorry, just not true.
that's an extreme view.

It's not extreme. It's irrefutable fact when you look at the population as a whole. There are exceptions as always, but many, many people have been gorgeing on debt for too long. Now they have to pay the price.

If you want money to buy luxuries.... earn it! It can't be that hard to get your head around surely?

poppy10_2

maninthestreet wrote: »

2.5% a month = 30% a year !!!!!

Sigh... It's 26% a year. Go to classes.

neverdespairgirl

chucky wrote: »

I read an interesting article yesterday that stated that property prices in Central London, Zone 1 to be exact where maintaining themselves and there was a demand for them.

I keep a close eye on prices in central London (WC1) and they are dropping.

m00m00

Generali wrote: »

Do you know what changes were made? I don't see any reference to this in their methodology bit.

from ghpc yesterday

The average seasonal adjustments made to the MoM price changes since the Nationwide index began:
Jan 0.80%
Feb -0.33%
Mar -0.77%
Apr -0.64%
May -0.42%
Jun -0.46%
Jul -0.02%
Aug 0.52%
Sep 0.51%
Oct 0.29%
Nov 0.35%
Dec 0.18%
(so they take a bit off in spring and add a bit in winter to take out the seasonal variation).

So what have they done this month? They've adjsted the MoM change by +0.28%. Apparently May is now a slow time for the housing market!!!!
Sticking to what they've done in the past, a non-SA fall of -2.78% should be adjusted to a SA fall of -3.20%.

!!!!!! are they playing at?

Generali

m00m00 wrote: »

from ghpc yesterday

Interesting, thanks m00m00.

SquatNow

dannyboycey wrote: »

It's not extreme. It's irrefutable fact when you look at the population as a whole. There are exceptions as always, but many, many people have been gorgeing on debt for too long. Now they have to pay the price. If you want money to buy luxuries.... earn it! It can't be that hard to get your head around surely?

DannyBoycey is statistically correct.

Some have huge debts. Some have little Debts. Some have Savings. Statistically, far more have debts than savings.

Murtle

Olivia2008 wrote: »

Just read that

BAD FOR OWNERS - GREAT FOR BUYERS!:T

If it's bad for owners (and that's only if they want to sell otherwise it doesn't matter) it can be bad for buyers as they won't be selling. The last time it became good for builders who extended the properties so people didn't have to/couldn't move.

It will be good for buyers when properties are repossessed unfortunately.

SquatNow

Murtle wrote: »

If it's bad for owners (and that's only if they want to sell otherwise it doesn't matter) it can be bad for buyers as they won't be selling. The last time it became good for builders who extended the properties so people didn't have to/couldn't move. It will be good for buyers when properties are repossessed unfortunately.

ANOTHER ONE!!!!

Only if they want to sell or NEED TO RENEW THEIR MORTGAGE DEAL.

As long as they don't mind staying on SVR for the next 20 years and their payments going up 50+% then they wont have a problem.

Unless they start a family and need somewhere bigger.

Or they change job and need to move close to their new place of work.

Or they lose their job and need to sell.