Thursday, Aug 28, 2008
Fastest falls since 1989
Time online: House prices falling at fastest rate in nearly 20 years
House prices are falling at their fastest rate in nearly 20 years, new figures show.
Posted by matt_the_hat @ 09:30 AM (501 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mark said...
not fast enough for me
2. Jayk said...
In my north Hants town prices for semi-detached houses (i.e. what we're trying to get) have gone UP by 6.3% in the last twelve months (3.4% last quarter!). That's the penalty of living in a mid-sized town by the countryside, but only 30 minutes and one stop from London on the mainline, and three minutes from the M3. And I'm loathe to move somewhere where I have to drive to the station every day to get to work (for a start the annual cost of a car park ticket is £900 - equivalent to a month's payment on a £150,000 mortgage!).
Wish I worked in Northern Ireland or Leeds........
3. crash bandicoot said...
Jayk, if that's the case why not mortgage yourself to the hilt and buy one then (I'm sure that you can still get a self-cert if you ask nicely). After all if you don't get on the ladder now you might not ever manage it. What have you got to lose???????????
BTW what is your view on the Nationwide figures - are you going to dismiss them because they are showing greater falls than the FT index?
4. Jayk said...
Don't be a troll bandicoot. Why don't you cut the snide sarcasm and start debating points head on? It's the likes of you who give this site such a bad name in the UK press. If you ever properly read my posts you would know that I am trying to buy but cannot afford, and WANT a big correction. Unfortunately I am not getting one in my area: that is a fact.
I have previously explained in detail why I trust the FT figures more than I do the Nationwide/Halifax figures. I long for a big crash so I can buy my first home yet do not choose to believe only the indices which sate my desire for one, only those which actually make sense to me and give me confidence that they are not full of sorcery. That should tell you enough about my rationale and views. I think I know enough about your thinking now to know that you dislike those who do not toe the line you stick to with such rigidty.
5. crash bandicoot said...
Jayk, I really don't give a fig what the UK press think. It's their blinkered reporting that helped to create the mess that we are in now. I don't like people who don't "toe my line" too, as they are also in part responsible for the current situation. I have had four years of waiting for prices to fall while listening to the whole prices only ever go up routine. I normally count you as one of these people since you seem to hold a fairly contrarian view to mine and present your counter-crash arguents with zeal and vigour.
If you are just being a realist them I'm sorry that I take you the wrong way. If you are actually being the troll then I wouldn't be too surprised.