Halifax Figs for May -2.4%

dannyboycey

Lotus-eater wrote: »

Bah! Halifax is a rubbish smallfry company, figures don't mean anything, waiting for figures from a more reliable organization.

Yeah, they're probably run in a back room of a flat somewhere by a couple of school-leavers with no GCSE's. I can't see them ever amounting to anything. To be honest, I'd never even heard of Halifax till today.

oldMcDonald

Lotus, be honest now.

You were being a little sarcastic there, weren't you? I'm sure I can detect a teeny little bit of sarcasm screaming out from your post!

mystic_trev

If prices fall at 1.5% a month for the rest of the year then we will be at -15.8% for December. To avoid double digits prices will have to slow down to 0.5% a month falls.

baby_boomer

HouseBuyer wrote: »

If gordon brown doesn't feel the need to save the housing market then the prices should correct.

But I'm looking now because I'm worried that the government will do something stupid about bailing 100%/125% mortgage buyers out. (vis a vis NR)

I shouldn't worry.

a) the government hasn't got the money
b) the government has first promised to help first time buyers on the housing ladder showing its strong credentials in economic understanding :rotfl:

Lotus-eater

oldMcDonald wrote: »

Lotus, be honest now.

You were being a little sarcastic there, weren't you? I'm sure I can detect a teeny little bit of sarcasm screaming out from your post!

Its one of my best skills or should I say "only"

dannyboycey

mystic_trev wrote: »

If prices fall at 1.5% a month for the rest of the year then we will be at -15.8% for December. To avoid double digits prices will have to slow down to 0.5% a month falls.

And they are accellerating! If each consecutive month showed a 0.5 fall on the month before for the rest of the year, then the year on year fall would be... errr.... BIG!

I think people have underestimated how far this is going to go. 50% of the value wiped from the UK housing market is not unthinkable. Bear in mind that monthly drops are getting bigger and there is no sign at all of an improving economy on the horizon.

Nothing can save it. Gordon's special 'loan scheme' didn't work. Inflation means that interest rates can't save the market. Wages can't rise because there is no money (and because of inflation). The banks are in trouble. The UK population have borrowed way more than they can afford to pay back, and a pound coin isn't going to be worth the metal it's made with..... This is gonna get serious!

skap7309

dannyboycey wrote: »

And they are accellerating! If each consecutive month showed a 0.5 fall on the month before for the rest of the year, then the year on year fall would be... errr.... BIG!

I think people have underestimated how far this is going to go. 50% of the value wiped from the UK housing market is not unthinkable. Bear in mind that monthly drops are getting bigger and there is no sign at all of an improving economy on the horizon.

Nothing can save it. Gordon's special 'loan scheme' didn't work. Inflation means that interest rates can't save the market. Wages can't rise because there is no money (and because of inflation). The banks are in trouble. The UK population have borrowed way more than they can afford to pay back, and a pound coin isn't going to be worth the metal it's made with..... This is gonna get serious!

Without wanting to wish anyone in financial difficulty any harm - that is PERFECT news for me. :j

PasturesNew

Here's one I made earlier:

http://kscakes.com.nyud.net:8080/LolCats/Uploads/Saved/i-am-ur-baylif-takin-ur-fings.jpg

Usual caveat about not wishing bad luck on individuals.

pickles110564

baby_boomer wrote: »

I shouldn't worry.

a) the government hasn't got the money
b) the government has first promised to help first time buyers on the housing ladder showing its strong credentials in economic understanding :rotfl:

A) when has that stopped a Labour government in the past?
they did help FTB's, all new developments have to have some affordable housing.

PasturesNew

House sellers still have to take it on board and reduce their prices though:
http://kscakes.com.nyud.net:8080/LolCats/Uploads/Saved/gard-cat-sez-ur-not-getin-it-cheper.jpg

(sorry, obviously got nothing better to do this morning + no talent)