Can We Have A Sticky Please? - House Price Crash forum

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Can We Have A Sticky Please? As to what acronyms stand for? Rate Topic:

#1 ken_ichikawa

I live on HPC!

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Posted 05 April 2011 - 01:03 PM

Seriously can we have a sticky telling us what all of the acronyms used in HPC actually mean?

I know plenty of them but more and more keep on coming up, like SMI (I know what it is but I don't know what the individual letters mean), but not what PMI happens to be.

I know a few people who found HPC absolutel unintellible because of all the acronyms and felt it made the place uber cliquey and thus they tended not to linger long.

Thanks

#2 Bosh

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Posted 05 April 2011 - 01:09 PM

Here are some.....

A&L - Alliance & Leicester
AER - Anual Equivalent Rate (Interest given to savings)
APR - Anual Percentage Rate (Interest paid on a loan)
B&B - Bradford & Bingley
Bear - Believes prices will fall
BMV - Below Market Value
BOE - Bank of England
BOJ - Bank of Japan
Bull - Believes prices will rise
BTL - Buy to Let (or buy to lose)
BTW - By the way
CDO - Collateralized Debt Obligations
CGT - Capital Gains Tax
CML - Council of Mortgage Lenders
CPI - Consumer Price Index (official (fiddled) inflation figure)
DOW - Dow Jones (US stock market)
EA - Estate Agent
ER - Exchange Rates
ECB - European Central Bank
Fed - Federal Reserve
FSA - Financial Services Authority
FTB - First Time Buyer
FTSE - Financial Times Stock Exchange (UK Stock market)
GB - Gordon Brown
GC1 - Great Crash 1 (see graph on front page)
GC2 - Great Crash 2 (happening now)
GDP - Gross Domestic Product
HBOS - Holding group for Halifax & Bank of Scotland
HIPS - Home Information Packs
HPC - House Price Crash
HPI - House Price Inflation
IHT - Inheritance Tax
iirc - If I remeber correctly
IMO - In my opinion
IMHO - In my humble opinion
IO - Interest Only (mortgage)
ISA - Individual savings account (tax-free up to £3600 per year)
IR - Interest Rate
IVA - Individual Voluntary Arrangement (alternative to bankruptcy)
LA - Local Authority
LIBOR - London Interbank Offered Rate (IR which banks lend to each other)
LL - Landlord
LR - Land Registry
LTB - Lie to Buy
LTV - Loan to Value (% of property's value a bank will lend)
M4 - Money supply - the total amount of money in bank accounts and in circulation in the UK
Merv - Mervyn King (govenor of BOE)
MEW - Mortgage Equity Withdrawal
MIRAS - Mortgage Interest Relief At Source
MOM - Month-on-Month
MPC - Monetary Policy Committee
MSE - MoneySavingExpert.co.uk (Martin Lewis)
NE - Negative Equity
NL - NuLabour
Nominal - Actual price in £ $ etc.
NR - Northern Rock
NS&I - National Savings and investments
OECD - Organisation for Economic Co-operation and Development
ONS - Office for National Statistics
OO - Owner Occupier
OP - Origional Poster
OPEC - Organization of the Petroleum Exporting Countries
PM - Prime Minister
PMQs - Prime Minister's Questions
RB - RealistBear (HPC.co.uk most prolific poster)
Real - Adjusted for inflation / deflation
RICS - Royal Institution of Chartered Surveyors
RPI - Retail Price Index (more realistic inflation figure)
SIPP - Self Invested Personal Pension
SIV - Structured Investment Vehicle
SM - Stock Market
STR - Sell / Sold to Rent
SVR - Standard Variable Rate (mortgage)
VI - Vested Interest (eg EAs will always tell you "now is the best time to buy")
YOY - Year-on-Year

Today's mighty oak is just yesterday's nut that held its ground

#3 GordonBrownSpentMyFuture

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Posted 05 April 2011 - 01:13 PM

Bosh, on 05 April 2011 - 01:09 PM, said:

WTF* ??

Where did you find that?

* What The Fudge (I think...)

#4 Grrrr I'm a tiger

Are you a herbivore or carnivore?

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Posted 05 April 2011 - 01:14 PM

ken_ichikawa, on 05 April 2011 - 01:03 PM, said:

purchasing managers' intentions

support for mortgage interest

these are not 'hpc' things

google is your friend

it is, until it isn't ^tm

#5 ken_ichikawa

I live on HPC!

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Posted 05 April 2011 - 01:17 PM

hotairmail, on 05 April 2011 - 01:14 PM, said:

purchasing managers' intentions

support for mortgage interest

these are not 'hpc' things

google is your friend

I did google. It said PMI was Pensions Management Institute

#6 GordonBrownSpentMyFuture

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Posted 05 April 2011 - 01:20 PM

Bosh, on 05 April 2011 - 01:09 PM, said:

IMO - ~~In my opinion~~ You are wrong
IMHO - ~~In my humble opinion~~ You are right but I'm not going to admit it

Corrected.

#7 Patfig

HPC Guru

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Posted 05 April 2011 - 01:24 PM

HNC..have no clue
HND have no degree
PhD Post Hole Digger

Life is like a sh1t sandwich, the more bread the better!

#8 DungBeetle

HPC Poster

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Posted 05 April 2011 - 01:27 PM

INMA = Injin needs medicating again

#9 Pent Up

HPC Guru

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Posted 05 April 2011 - 01:37 PM

ken_ichikawa, on 05 April 2011 - 01:17 PM, said:

I did google. It said PMI was Pensions Management Institute

Purchasing managers index:

Quote

Measures Level of a diffusion index based on surveyed purchasing managers in the services industry;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, on the third business day after the month ends;
Next Release May 4, 2011
FF Notes Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. Full reports are only available via subscription;
Why Traders
Care It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Derived Via Survey of purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Acro Expand Purchasing Managers' Index (PMI);

Remember that buying a house is a highly leveraged investment and can result in losses that exceed your initial deposit. Buying a house may not be suitable for everyone, so please ensure that you fully understand the risks involved.

"The time to buy is when blood is running in the streets" Baron Nathan Rothschild

#10 Pent Up

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Posted 05 April 2011 - 01:39 PM

FF: forex factory http://www.forexfact...nth=4&year=2011

#11 rantnrave

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Posted 05 April 2011 - 01:56 PM

LVT - Land Value Tax
EAT - Estate Agent Today website
QoQ - Quarter on Quarter data
TMT - The Masked Tulip (another prolific poster)
GC - General Congreve (poster who manages to mention a certain shiny substance in every second post)

If you think this site is bad, Mumsnet is practically unintelligible, and that's before taking into account the amount of acronyms they use.

There was talk on a thread here last week about plastic bears. That was a new one on me...?

This post has been edited by rantnrave: 05 April 2011 - 01:58 PM

2012 Predictions - made January 1st 2012

Inflation to drop sharply and to a level that makes pay rises and savings account rates seem half decent
BTL to be revealed as the next financial disaster in the making as potential tenants buy lower priced houses
Progress to be made toward the market bottoming out from 2015, so more falls but not as seen in 08-09

#12 dryrot

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Posted 05 April 2011 - 02:07 PM

NIMBY - Not in My back Yard

NODAM - No Development After Mine

Fionnuala Earley, chief economist, www.nationwide.co.uk, 31/10/07: “Homeowners may well need to content themselves with less spectacular returns on their houses over the next decade.”

#13 Bosh

Nasty STR

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Posted 05 April 2011 - 02:08 PM

Maybe posters could add further acronyms and then one of the MODs (Forum Moderator

) could gather them all together and do as Ken has requested.
I found it was like learning a new language when I first joined.

Today's mighty oak is just yesterday's nut that held its ground

#14 Patfig

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Posted 05 April 2011 - 02:09 PM

FART For a Reasonable Time