rantnrave

Halifax Minus 2.4%

Recommended Posts

I've just bought a BMW Z3 with cash out of savings. And a fair bit of shiney tat for it as well, none of it on credit.

A lot of bargains to be had out there at the moment as people unload. Yes before get HPC lashing for junking some savings on something that will depreciate............but mine will be a toy as well and something to enjoy over the next couple of years whilst more of hpc these drops roll in.

Share this post


Link to post
Share on other sites

The index is nearer 2009 lows but local asking (maybe sold waiting to see) prices are above 2007 highs.

If anything it seems artificially suppressed downwards. Below £160k does not compute.

Rightmove also looks pretty normal and reasonable graphically from my point of view

Share this post


Link to post
Share on other sites

A lot of bargains to be had out there at the moment as people unload. Yes before get HPC lashing for junking some savings on something that will depreciate............but mine will be a toy as well and something to enjoy over the next couple of years whilst more of hpc these drops roll in.

If the remainder of your stash is for a cheaper house down the line, its basically a free car now Jim.

Its like a reverse engineered endowment policy :lol:

"Yes sir, you'll have enough for a new car if it grows at just 5%.

If it makes 11%, well the skys the limit".

I actually had these conversations in the mid 90's. B)

Took L&G to the cleaners in 2002.

Lying Bastards.

Share this post


Link to post
Share on other sites

My first post on this thread.

Great news. No fantastic news. They can't spin the figures no more.

A great time to be a young adult will the right skills in demand. The recession will cut your teeth, and you'll learn the value of money. You shall hopefully be able to buy a decent house in 5 years, with a good deposit. It's been not so great for those who've been priced out, what a waste of everyone's time.

Unless we have hyperinflation, I can't see house prices making new highs for sometime. I am that confident I have the date of 2033 in my signature.

Edited by MrTReturns

Share this post


Link to post
Share on other sites

Indeed there is, you can pick up some really decent guitars for peanuts at the moment.

What you seen Bob?

I'm always after more axes.

Im REALLY surprised how much 60's Gretsch's are going for. I remember in the 80's going to Bristol and looking longingly on the walls at all these 60s Country Gentlemen and Tennessee Rose beauties.

They were £3-4k at least. Ive seen them for half that lately and they are the real deal 60s stuff.

I heard that the binding rots.

One guitar i've never had the balls to buy is a Gretsch. Would love an original White Falcon with TV Jones P/Us.

Word of caution, watch out for Chinese Gibson Les Pauls they are EVERYWHERE now.

I nearly got had a year or so ago. LP Custom. Decent guitar but phoney.

Share this post


Link to post
Share on other sites

BBC never covered it or if they did I missed it they were all still furiously indulging in an day long ejaculation party with Labour's showing in the elections nobody gives a xxxx about.

Share this post


Link to post
Share on other sites

Neutral Headline from BBC, how many reporters up to their neck in Buy-To-Let? Didn't someone on here do a FOI to find this out?

http://www.bbc.co.uk...siness-17951931

It's hilarious. How many euphemisms will the BBC come up with to avoid saying "drop" or "crash". It's like some bad soft porn novel. He gazed at her heaving pillows. He grabbed her love balloons. etc etc.

Share this post


Link to post
Share on other sites

We've hit an iceberg, there's not enough life boats, the water is freezing, help is four hours away, we have no contingency plan, we're going down, BUT Keep calm and carry on.

Share this post


Link to post
Share on other sites

It's hilarious. How many euphemisms will the BBC come up with to avoid saying "drop" or "crash". It's like some bad soft porn novel. He gazed at her heaving pillows. He grabbed her love balloons. etc etc.

Probably got some automtaic editing software like that US evangelical website that replaces all occurrences of "gay" with "homesexual".

They published an article about sprinter Tyson Gay that ended up as "Tyson Homosexual was a blur in blue, sprinting 100 meters faster than anyone ever has"."

I'm looking forward to BBC articles about at the Olympics coming out as "Liu Xiang failed to finish as he edged downwards at the third hurdle." or "the British equestrian eventer went out after a slight negative increase at the last fence".

Share this post


Link to post
Share on other sites

I'm looking forward to BBC articles about at the Olympics coming out as "Liu Xiang failed to finish as he edged downwards at the third hurdle." or "the British equestrian eventer went out after a slight negative increase at the last fence".

The diving will be interesting. "Tom Daley fluctuated wildly as he approached the pool."

Share this post


Link to post
Share on other sites

Quick anecdote - flat in E Mids I had my eye on, asking of £100K rejected my offer of £85K last autumn, now they have that as their asking price, so I'm almost tempted to put another offer in of £75K

Edited by inflating

Share this post


Link to post
Share on other sites

Quick anecdote - flat in E Mids I had my eye on, asking of £100K rejected my offer of £85K last autumn, now they have that as their asking price, so I'm almost tempted to put another offer in of £75K

Start at £65k. Then go from there. :)

Share this post


Link to post
Share on other sites

I've mostly given up following the prices on a monthly basis (but in my opinion the outlook is the best its been since 2007), however I just read this on the BBC and found it so amusing I'm determined to post it here for posterity. Haven't read thread apologies if its already here:

It said the 2.4% drop last month was partly due to sales falling back, after they had risen briefly before the end of the tax concession on 24 March.

The lender said this had caused monthly price changes to "fluctuate widely".

Last month's dip took the cost of the average home down to £159,883, which was 0.5% lower than a year ago.

Despite this, the lender said the underlying trend showed prices still rising slightly.

Oh god its killin me :lol::lol::lol:

Share this post


Link to post
Share on other sites

Quick anecdote - flat in E Mids I had my eye on, asking of £100K rejected my offer of £85K last autumn, now they have that as their asking price, so I'm almost tempted to put another offer in of £75K

Be sure to let them know that's the offer you put in a year ago.

Plus, I'd only offer £60k, tell them "that's what you'll have it on here for in a year anyway if you don't accept my offer". Dont get thir hopes up.

Share this post


Link to post
Share on other sites

It is odd isn't it... or is it just me, but I feel so jaded by it all now that a MASSIVE 2.4% fall... in Spring... is not really registering...

I have a similar meh response, 10 or 20% over a year might have me more interested but until I see reasonable asking prices on properties I'd be interested in buying Im not going to pay too much attention to these stats.

Prices are absolutely ridiculous, economy ruining ridiculous, zombie country ridiculous, emmigration planning ridiculous, and this kind of drop, welcome as it is, is a drop in the bucket.

Im still making other plans.

Share this post


Link to post
Share on other sites

What you seen Bob?

I'm always after more axes.

Im REALLY surprised how much 60's Gretsch's are going for. I remember in the 80's going to Bristol and looking longingly on the walls at all these 60s Country Gentlemen and Tennessee Rose beauties.

They were £3-4k at least. Ive seen them for half that lately and they are the real deal 60s stuff.

I heard that the binding rots.

One guitar i've never had the balls to buy is a Gretsch. Would love an original White Falcon with TV Jones P/Us.

Word of caution, watch out for Chinese Gibson Les Pauls they are EVERYWHERE now.

I nearly got had a year or so ago. LP Custom. Decent guitar but phoney.

Any tips on how to spot the fake Gibsons?

Share this post


Link to post
Share on other sites

Is BBC having homes themselves?

http://www.bbc.co.uk...siness-17951931

You can never find a minus "-" sign in that article..

its either

0.5% lower than a year ago.
the Nationwide building society also reported that prices had fallen last month, though by just 0.2%.
with the Nationwide putting the annual fall at 0.9%.

Though if you read carefully everytime its down !! :)

Edited by getknk

Share this post


Link to post
Share on other sites

I've mostly given up following the prices on a monthly basis (but in my opinion the outlook is the best its been since 2007), however I just read this on the BBC and found it so amusing I'm determined to post it here for posterity. Haven't read thread apologies if its already here:

Oh god its killin me :lol::lol::lol:

I read that and thought 'what the trend taken from 2003 :lol::lol::lol:

Share this post


Link to post
Share on other sites

Any tips on how to spot the fake Gibsons?

Best one is to unscrew the truss rod cover on the headstock.

You're looking for a male acorn type brassy coloured nut on the end that requires a special tool.

If it has a normal allen key hex female end ala Fender etc, its a fake.

There are other tips even right down to the colour of the pickup screws.

Also, if you ask for a serial number and it comes out as July 2005, be very suspicious indeed.

The serial no will check out and be recognised on dating sites but i think they just made a batch with the same number on.

The fake i had (LP Custom Black Beauty) totally took me in, and i've been buying guitars since the mid 80's.

I was lucky i got my £1100 back.

Very lucky.

Share this post


Link to post
Share on other sites

Best one is to unscrew the truss rod cover on the headstock.

You're looking for a male acorn type brassy coloured nut on the end that requires a special tool.

If it has a normal allen key hex female end ala Fender etc, its a fake.

There are other tips even right down to the colour of the pickup screws.

Also, if you ask for a serial number and it comes out as July 2005, be very suspicious indeed.

The serial no will check out and be recognised on dating sites but i think they just made a batch with the same number on.

The fake i had (LP Custom Black Beauty) totally took me in, and i've been buying guitars since the mid 80's.

I was lucky i got my £1100 back.

Very lucky.

Thanks for that, I shall be on the lookout.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.