Dicky

You look more like Bicentennial Man, **** that was a sh**e film.

A correction is where some guy in the next village has his house repossessed, a crash is where you neighbour has his house repossessed, a major crash is where your house goes back to the bank.

But thats a picture of a monkey, everyone knows monkeys can't type, so how does he post messages on here.

Will the real Lisa Loeb please step forward. http://www.lisaloeb.org/

Seasonal adjustment is something I do in the kitchen when my omlette tastes a little bland, haven't a ****ing clue what Nationwide means.

Kirsty and Phil Spanker did a program 12 months or so about what a good bet Lincoln for BTL's, maybe the 400 empty houses were bought by the masses watching, wondering what their thinking now.

This loophole seems to have been pulgged. http://community.channel4.com/eve/ubb.x?a=...741&m=462007657

I think BTL's have just woken up and smelt the Coco, by borrow huge amount to buy properties that don't even cover the mortgage by renting them out, you provide the bank with a new 6% yield money making vehicle and you are the loser, they get their interest every month, you get poorer every month and the tenents are happy for such low rents. Without Capitical Growth, it doesn't make sence, you are the banks monkey. Example: Say a bank wanted to buy 100,000 properties to rent out, the management fee alone would piss on the whole venture, but by lending to 100,000 BTL monkeys there is no fee, instead they take all the risk themselves and pay for it and for what, some b*******ks arguement that one day it will pay off.

Sorry just popped out to do some shopping, its saturday and I have a life, you're still here. Don't worry about me I'm fine, its you who should be worrying, rents are falling, IO mortgages getting more expensive, yields evapourating, can't be easy watching money slipping away...

Wasn't me dude, just reporting it like it is, I seem to have hit a nerve there though old boy. How's your £2 million debt doing.

Are you also known "Property King". http://www.singingpig.co.uk/discussion/forum/?f=7&m=36148 looks like cash flow is a serious problem for you guys now, it's only going to get worse as built equity diminishes.

http://www.telegraph.co.uk/money/main.jhtm...2/ixportal.html Here's the quote again "It seems that they are out of date on house prices," he said. "All their data is from several months ago and we have seen figures showing a change in the housing market since spring." Mmmm make of that what you will.

Gordan will probably take a leaf out of Arnie book and call them a bunch of "Girlie men" for panicing.

Another thing stats miss out is alot of old house which once counted as 1 property have since been divided into flats of 2 and 3, so the house shortage arguement gets even more amusing.

Thats a great idea in theory but its not going to happen in a million years, those who donate the largest amount to party funding fall into the more than 1 property category, it's quite simple how to govern a country, keep the top to upper top man happy, crap on the middle guy and throw crumbs to the rest.

The item reached it target audience, BTL's sitting at home totting up their paper worth, 30% of a 1.5 million portfolio bugger me thats, er wait a minute, tapping frantically on his calculator, thats 450K, SHIT!!!!, the rest is history.

You could have a point. http://www.thisismoney.com/20040930/nm83023.html

If a $20 hike in oil only reduced disposable income by 1% then why start a war over it. My simple calculation: The aveage motorist drives 12K mile a years, his car average 30 mpg, before all the excitement in the Iraq pertol averaged 75p litre, thats £3.40 gallon. that brings the annul cost to 12K/30 x 3.4 = £1360. Its now currenlty $20 dollars a barrel more and pump prices average 81p litre £3.68 gallon. thats now an annual cost of 12K/30 x 3.68 = £1472. an increase of £112. For this 1% figure to be accurte the average person must have £11,200 pounds a years disposible income. If you consider 15% of your salary to be disposable then Mr average must earn £75,000. Someone correct me...

A bit like the dotcom bubble 5 years ago, IT contractors earning £70 per hour, once the bubble bursts they are back to 35K full time employment. Its all about the money.

I read yesterday it was the North heading South and the South heading North, I'm confused.

Speaking of sh*t-heaps where's Kirsty gone.

But wait a minute here, if mortages borrowing costs have risen by 30% and mortgages now cost of avergae 50% of most FTB's net pay, that means all recent house buyings have effectively had a 15% pay cut, so the bank has efffectively reduced recent FTB's income by 15% (I perfer £1K per year it sounds more painful) , this means therefore that affordability should now be 15% less than it was 10 months ago, as wage inflation in this time has been negilible then house prices should fall in line with affordibility, ie a sudden 15% correction based on Novembers figures but in fact they are 10% higher than 10 months ago. either someone's got their figures muddled or a sudden correction of 15% is just weeks away.

Thats been going on for some time in SE, I've even seen them with TOLET and FOR SALE signs at the same time.

Slow down my ar$e. look at page 9 top graph for the 3 month annualised HPI, and compare it to september last year to remove the seasonal element, something has gone horribly wrong this year wouldn't you say. http://www.nationwide.co.uk/hpi/historical/CMQPRQ304.pdf

They must be using Gordan Browns calculator for this one, I understant that during quiet months seasonally adjusting figures can show a rise when indeed prices have fallen, but what I'm having difficulty in understanding is how can a supposed busy perid (autumn) but seasonally adjust to show a rise when it clearly is a fall surely it should work in the opposite directection and show an even bigger fall. Even their methodoly states this. I therefore conclude we can dismiss this index as b*****cks from now on, its official.