Burbujista

Not true. The effort required today is 4 times greater than it was 20 years ago. Not fair.

My answer: yes, we are being tortured. Not by COVID, but by the housing bubble (fits the definition of torture perfectly). People hate the lockdown just because it makes them lose money to help those who could die because of this virus. Selfish bastards.

They have managed to create a new section of quarterly averages (averaging last three months) to try to spin a manipulated idea of house prices still rising by 2%... If you average the last 3 months compared to the average of the same 3 months last year.... that’s just a cheeky way to dilute the drop that has occurred this month...

The annual house price change number has a negative sign in front! A little victory that can officially announce the start of a new trend.

That would mean higher interest rates... or a even more massive loss of credibility for the Bank of England.

Time to start a website called: houselocationslide.no

The forecasts are done a few days before the announcement.

That doesn’t contradict what I said.

So... you know more than the economist of the main banks... Clear case of hindsight bias

People in April would have been just closing deals agreed in February or early March. If something it highlights how many people backtracked or tried to renegotiate before completion.

It’s in many pages like forex factory.com

Let me remind you that the consensus of economist was expecting 34,000 applications under the lockdown circumstances. A normal month is around 66,000.

It would be funny if he says... after I commented it to you guys... views skyrocketed by x10 and I haven’t sold the house yet... I don’t understand! I changed the pictures, the description and removed the bottle! 😂😂😂

Life changed a lot from 1999 to 2012, inflation high, much rapid growth and demographics were positive. That’s why I didn’t use 1999 as a reference. Again, the same cannot be said about the 2012-2020 period.

No, let’s be specific... it’s not a -13.8% decrease, it’s a -13.8% by the end of the year, likely to continue after the initial decline. I think it’s pretty realistic to think that we could see -40% in 3 years. Live hasn’t changed that much since 2012... why would prices have to be so different? If something, live is MUCH worse now after what we have been experiencing for the last 3 months...