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Everything posted by Timm
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Acadata HPI November (Formally Acadametrics)
Timm replied to Timm's topic in House prices and the economy
I don't ignore the data from the Halifax and Nationwide, nor see Acadata as gospel. They report different things, some of which are well understood and some of which not. For example, this Acadata figure may be revised when more reports come in from the LR. Also, Acadata include cash sales which the lenders obviously do not. My gut feeling is that there is an increase in forced sales at discount to cash buyers (BMV?), at the same time as housebuilders are keeping nominal prices high when selling to those buying with mortgages by sleight of hand (Stamp duty paid, contribution to mortgage payments etc). -
Agreed. On the other hand: Nobody ever got poor selling the £ for 2$...
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Sorry if this has already been posted. It's a day or few old, but I cant see it anywhere. As most of us know, this index uses YoY LR data, combined with a hard to understand "index of indexes" / guesstimate-heuristic MoM. Anyway, they say -0.7%MoM and -4.6%YoY. http://www.acadata.co.uk/services/house-price-index/
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Tory No Confidence Vote?
Timm replied to Social Justice League's topic in House prices and the economy
Very funny and an advert for tackical.vote But are the constituency boundaries not due to change? That would make all their data out of date... -
Fair enough - you do get that attitude in Woodstock (but you also get it in north Oxford...) I'm going to try and avoid guessing your work location, sector or possible employment perks... Yes, although they are upgrading the cycle route along the A44 (possibly ruined by the roundabouts?) Yes, I can see that. Does your present accommodation offer those benefits? Well, if you have to wait, you have to wait. But it is sensible to keep following the market. Then if something does crop up - you'll recognise it and can pounce.
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Woodstock is an amazing place if you have a bit of cash. But as you imply, it will always be full of w*nkers that have more. I didn't realise you were bike led. Have you considered places on stopping rail routes? Radley, Tackley, Heyford, Kings Sutton? Maybe even Banbury Abingdon or Bicester... Oh dude. Please don't try to time the market. The only advice I ever give people in the real word is "If you like it, and can afford it, then buy it. If you don't like it or can't afford it, then don't buy it" I know it sounds trite, but it's the best I have, and it has never let me down. Exactly. We all are. So just buy value if you see it.
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Yes, it is ugly on the outside, but it is two bed, share of freehold, in Woodstock (great bus service to Oxford and £225k. Also great views, walks and pubs - a great place to entertain... £369 per square foot if my maths is right. https://www.rightmove.co.uk/properties/131042651#/?channel=RES_BUY I'm not saying if you should buy now or not, but this does seem to tick your boxes.
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6.5% for me.
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Me. We will still be on the same fixed rate as we were in 2022, but it is about 7.5% less work to service, due to pay rises. Have about 100k in bonds earning more than we pay on the mortgage which we hope to trade up with. With a 10% fall in nominal nominal prices, that means we might get a slightly better house than otherwise.
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I suspect the answers may lie back in 2021: https://www.thebusinessdesk.com/westmidlands/news/2042958-resilient-purplebricks-reads-to-focus-on-uk “We strongly believe that, in the current market, technology led estate agency is starting to emerge as the winning model and there is clear evidence that consumers are increasingly shifting towards apps and tech-based alternatives. With our strengthened leadership team and balance sheet, we are in a strong position to accelerate our model, extend our market share and grow our value-add revenues.”“We strongly believe that, in the current market, technology led estate agency is starting to emerge as the winning model and there is clear evidence that consumers are increasingly shifting towards apps and tech-based alternatives. With our strengthened leadership team and balance sheet, we are in a strong position to accelerate our model, extend our market share and grow our value-add revenues.”
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Market share. You beat me to it! With current low volumes and existing EAs on their uppers, PBs think they can detroy enough EAs to fundamentally alter the market to their advantage (or as you say, dominance).
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Halifax Nov 2023 - +0.5% MoM, -0.7% QoQ, -1% YoY
Timm replied to Armus's topic in House prices and the economy
I look at that first image and I see a channel that has been trending downwards for about 20 months. -
Squatter gains legal ownership of house
Timm replied to bartelbe's topic in House prices and the economy
Squatting was legal when he moved in. The former owner/s could have got him out if they could have been bothered / noticed. But they didn't, so through the passage of time, he legally got the house. -
Exactly, and another way of looking at it is not going to uni means you have less competition for the non uni jobs. We have done up several houses over the years and now have a settled pool of reliable tradespeople that we use. None of them went to uni, all are self employed and pull in 40 - 60k just on personal day rate alone. They are all working class at work and middle clss at home. I was going to put some more detailed anecdotes in, but I'll limit myself to one: One of our tradespeople goes shooting with an ex cabinet minister. I've told my son that I will fund him through uni if he can get into Oxbridge, St Andrews or LSE, otherwise, he will need to get a trade and I will buy him tools and a van and a decent accountant. PS. I don't understand why it is plumbers that can charge the most? I would have guessed it shoud be sparks?
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Nationwide HPI November 2023 +0.2% Mom, -2% YoY
Timm replied to fellow's topic in House prices and the economy
I agree that there are two ways to look at things: 1. Interest rates have stopped rising, price falls are over and the correction was mainly real, not nominal. 2. Actual nominal prices are still falling, seasonal adjustment is unreliable in a falling market and there are further nominal falls to come. My money is on 2. But it would be silly not to consider 1. -
Whar is a years worth of trainers? I just buy a pair and then buy another pair when the first pair fall apart.