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Debate House Prices


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House Price "Crash"

1235

Comments

  • Lotus-eater
    Lotus-eater Posts: 10,792 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    hostman wrote: »
    Are you a complete imbecile?

    We're already down -7.8% from peak:

    August 2007 (peak): 199,600
    May 2008: 184,111
    Change: -7.8%

    Wake up and smell the coffee.
    Why on earth do you bother :confused: haven't you worked out he doesn't care in the slightest which way the market goes, all he wants is to make himself/herself stand out.
    Freedom is not worth having if it does not include the freedom to make mistakes.
  • Rick62
    Rick62 Posts: 989 Forumite
    Forget 7.8% YOY, look at todays Halifax figures, down 6.4% in 3 months!. At this rate we'll be down 25% from the peak by the end of this year.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    Lotus-eater wrote: »
    Why on earth do you bother :confused: haven't you worked out he doesn't care in the slightest which way the market goes, all he wants is to make himself/herself stand out.
    Rumbled:rotfl:
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    steadysaver wrote: »
    YoY figures are showing ~ 6% + already :wall:

    Like I have said before to get these figures houses but be selling therefore no drop or crash as they are selling for there true value.
  • MrDT
    MrDT Posts: 951 Forumite
    pickles110564 wrote: »
    Like I have said before to get these figures houses but be selling therefore no drop or crash as they are selling for there true value.

    So what's your definition of 'drop' or 'crash' then pickles? :confused:

    There are some houses selling, yes, there always will be. These sales give us the data for the graphs above.

    However:
    There has been a significant drop in the amount of sales. Similarly, average sale prices have dropped from vastly overinflated to just overinflated, I expect they will continue dropping down for the next few years i.e. a crash or correction or Dave or whatever.

    Are you arguing the terminology here?

    You agree that the amount of sales are down, and that the prices achieved are down... Right?

    I don't really know why I'm bothering, I doubt you can even take yourself seriously and I kinda hope taht this online persona of yours is just an elaborate joke.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The article being linked to on the Housing Board and the sub House Prices Board at: http://www.newstatesman.com/economy/2008/06/house-prices-housing-british

    Has said "A crash is defined as a 20 per cent fall over two years"

    However, the article did not substantiate this with a reputable source for checking.
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    House round the corner up for £320,000 since march went under offer yesterday with an offer of £325,000 :confused:
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    MrDT wrote: »
    I don't really know why I'm bothering, I doubt you can even take yourself seriously and I kinda hope taht this online persona of yours is just an elaborate joke.

    Is it nice for people to be able to vent a little steam at me? Better at me than to take it home to wifey.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    pickles110564 wrote: »
    Is it nice for people to be able to vent a little steam at me? Better at me than to take it home to wifey.

    You can tell that the sun's out today. Everyone's being nice to each other rather than the usual thing of being at each others' throats.

    Enjoy it while it lasts! I'm sure normal service will be resumed soon.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Generali wrote: »
    You can tell that the sun's out today. Everyone's being nice to each other rather than the usual thing of being at each others' throats.

    Enjoy it while it lasts! I'm sure normal service will be resumed soon.

    Yes - I think it's forecast to rain (again!) tomorrow.....
    ...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'.
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