Harry Monk Posted February 7, 2009 Share Posted February 7, 2009 If there any possibility at all that the (Government-owned) Halifax might simply have made it all up like the Yanks did with that crap about flying to the moon? Is there any independent auditing of the figure? Quote Link to comment Share on other sites More sharing options...
MOP Posted February 7, 2009 Share Posted February 7, 2009 If there any possibility at all that the (Government-owned) Halifax might simply have made it all up like the Yanks did with that crap about flying to the moon?Is there any independent auditing of the figure? What on earth are you suggesting??? Are you saying that the government can't be trusted? Quote Link to comment Share on other sites More sharing options...
1929crash Posted February 7, 2009 Share Posted February 7, 2009 Stage one. DENIAL. So you think the crash is over, Sibley? Quote Link to comment Share on other sites More sharing options...
Dopamine Posted February 7, 2009 Share Posted February 7, 2009 It was seasonal adjustment that made it look like prices have risen. Unadjusted figure showed a fall. Adjusting is only appropriate in a normal market, IMO, and this isn't a normal market. Adjustments have also made falls look bigger in the Summer, so it's swings and roundabouts. The government can't be trusted, but I don't think that this is an example. Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted February 7, 2009 Author Share Posted February 7, 2009 Stage one. DENIAL. No. I say "is there?" whereas you say "there is". See where the denial is? Anyway, glad you're around tonight Sibley, there's nothing funny on TV. Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted February 7, 2009 Author Share Posted February 7, 2009 So you think the crash is over, Sibley? He is so in denial that he doesn't even think prices have fallen. Quote Link to comment Share on other sites More sharing options...
1929crash Posted February 7, 2009 Share Posted February 7, 2009 He is so in denial that he doesn't even think prices have fallen. Quote Link to comment Share on other sites More sharing options...
mirage Posted February 7, 2009 Share Posted February 7, 2009 It was seasonal adjustment that made it look like prices have risen. Unadjusted figure showed a fall. Adjusting is only appropriate in a normal market, IMO, and this isn't a normal market.Adjustments have also made falls look bigger in the Summer, so it's swings and roundabouts. The government can't be trusted, but I don't think that this is an example. That isn't what was discussed on the thread about these figures. NSA was said to be about +0.8% or something. Quote Link to comment Share on other sites More sharing options...
1929crash Posted February 7, 2009 Share Posted February 7, 2009 Yes I do. The houses on the market now maybe the last chance you ever get for a bargain. You can bet your life after seeing house price rise figures this week no seller in the future will be dropping a penny. Do you think that unemployment will now begin to fall? Quote Link to comment Share on other sites More sharing options...
Happy Teaboy Posted February 7, 2009 Share Posted February 7, 2009 Yes I do. The houses on the market now maybe the last chance you ever get for a bargain. You can bet your life after seeing house price rise figures this week no seller in the future will be dropping a penny. The only prices that have fallen are maybe houses on the market now. Only a tiny fraction of people who want to sell (like me) would bother putting their house up in times like these. Why lose money? Better wait it out. Obviously isn't going to be long before decent prices achieved again. The house I'd like to sell was valued at £195,000 in 2007. I know if I wanted to out it now I'd have to take £150,00 as it's a horrific time and there are no buyers in the market only fat cats trying to get richer. However, wait a year or so and somebody will take my arm off for £175,000+. Actually, now the markets turning I might even keep it rented. most people do think like this guy. great init ! Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted February 7, 2009 Author Share Posted February 7, 2009 Yes I do. You can bet your life You won't even bet £1000. The house I'd like to sell was valued at £195,000 in 2007. I know if I wanted to out it now I'd have to take £150,00 as it's a horrific time and there are no buyers in the market You are a Sibley imposter and I claim my £5! Quote Link to comment Share on other sites More sharing options...
clloyd Posted February 7, 2009 Share Posted February 7, 2009 Yes I do. The houses on the market now maybe the last chance you ever get for a bargain. You can bet your life after seeing house price rise figures this week no seller in the future will be dropping a penny. The only prices that have fallen are maybe houses on the market now. Only a tiny fraction of people who want to sell (like me) would bother putting their house up in times like these. Why lose money? Better wait it out. Obviously isn't going to be long before decent prices achieved again. The house I'd like to sell was valued at £195,000 in 2007. I know if I wanted to out it now I'd have to take £150,00 as it's a horrific time and there are no buyers in the market only fat cats trying to get richer. However, wait a year or so and somebody will take my arm off for £175,000+. Actually, now the markets turning I might even keep it rented. I guess you'll be taking the easy money on offer from Harry Monk (if I remember correctly) who was willing to stake £1k on house prices falling over the next 3 months against your view that they are going up??? Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted February 7, 2009 Author Share Posted February 7, 2009 Better wait it out. Obviously isn't going to be long before decent prices achieved again. I foolishly, with the benefit of hindsight- property values had never fallen before in real terms- bought my first house in 1990 and it was 2000 before it went back to its 1990 price. This boom was bigger and the correction will take longer. But I'm glad you're here 'cos you often say that HPCers are all property speculators and office bods and you, like me, do a "get your hands dirty" job. Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted February 7, 2009 Author Share Posted February 7, 2009 (edited) The house I'd like to sell was valued at £195,000 in 2007. I know if I wanted to out it now I'd have to take £150,00 You accidentally typed a comma instead of a decimal point Edited February 7, 2009 by Harry Monk Quote Link to comment Share on other sites More sharing options...
MOP Posted February 7, 2009 Share Posted February 7, 2009 The only time Sibley gets his hands dirty is when his biro leaks. Sibley is an estate agent. He was rumbled ages ago. Quote Link to comment Share on other sites More sharing options...
Valerius Posted February 7, 2009 Share Posted February 7, 2009 FTBs are returning to the market, and more will get itchy feet. This will kickstart the market soon http://www.fool.co.uk/news/property-home/m...ime-buyers.aspx Investors are also coming back driven by the low return on savings accounts. Foreign investors are also profiting by the collapse of the pound Paying for a mortgage is making more sense than paying for rent. Sentiment in the market is slowly turning, Halifax data confirms it. Quote Link to comment Share on other sites More sharing options...
1929crash Posted February 7, 2009 Share Posted February 7, 2009 (edited) No I think unemployment will rise. However, even though that is bad news even a million more people out of work won't effect the housing market. How many of them are council tenants, renters or living with parents? Only a small proportion of the UK's working population live in rented accomodation. And I suppose the collapse in the demand for cars is down to council house dwellers putting off buying their next Jaguar. Let's face it, Sibley, you've been exposed for what you are, a lying devious and very stupid EA. Edited February 7, 2009 by 1929crash Quote Link to comment Share on other sites More sharing options...
ccc Posted February 7, 2009 Share Posted February 7, 2009 You can bet your life after seeing house price rise figures this week no seller in the future will be dropping a penny. You are not the sharpest tool in the box are you ? What exactly do you think sellers refusing to drop prices will do to an already virtually dead market ? Not rocket science. Well unless of course you think everyone that is waiting to buy will just dive in.... Highly unlikely. People waiting to buy have a few options. People wanting to sell have one. I know who I think is going to break first. Prices are set at the margins Sibs,and there are not that man desperate buyers out there just now.... Quote Link to comment Share on other sites More sharing options...
buyinginafewyears Posted February 7, 2009 Share Posted February 7, 2009 Hey Sibley, there's an entire thread about you being unmasked as an estate agent. Would you like to confirm or deny it? Doing well these days? How's the job security? Quote Link to comment Share on other sites More sharing options...
neilrich Posted February 7, 2009 Share Posted February 7, 2009 Read the small print, their data is meaningless!! The Halifax House Price Index is prepared from information that we believe is collated with care, but we do not make any statement as to its accuracy or completeness. We reserve the right to vary our methodology and to edit or discontinue the indices at any time for regulatory or other reasons. Persons seeking to place reliance on the indices for their own or third party commercial purposes do so at their own risk Quote Link to comment Share on other sites More sharing options...
1929crash Posted February 7, 2009 Share Posted February 7, 2009 Hey Sibley, there's an entire thread about you being unmasked as an estate agent. Would you like to confirm or deny it?Doing well these days? How's the job security? He's about to lose his job. I guess the housing market won't be affected because he still lives with mummy and daddy. Quote Link to comment Share on other sites More sharing options...
buyinginafewyears Posted February 7, 2009 Share Posted February 7, 2009 He's about to lose his job. I guess the housing market won't be affected because he still lives with mummy and daddy. Hasn't he just said he's trying to sell a house as well a bit earlier in this thread. Mortgage to pay + no income would = trouble Quote Link to comment Share on other sites More sharing options...
MOP Posted February 7, 2009 Share Posted February 7, 2009 (edited) Read the small print, their data is meaningless!! The Halifax House Price Index is prepared from information that we believe is collated with care, but we do not make any statement as to its accuracy or completeness. We reserve the right to vary our methodology and to edit or discontinue the indices at any time for regulatory or other reasons. Persons seeking to place reliance on the indices for their own or third party commercial purposes do so at their own risk They might as well just say "The following data could well be the biggest load of old bollo*ks you will ever read" Edited February 7, 2009 by Master Of Puppets Quote Link to comment Share on other sites More sharing options...
1929crash Posted February 7, 2009 Share Posted February 7, 2009 Hasn't he just said he's trying to sell a house as well a bit earlier in this thread.Mortgage to pay + no income would = trouble I agree but he also said this: No I think unemployment will rise. However, even though that is bad news even a million more people out of work won't effect the housing market. How many of them are council tenants, renters or living with parents? The trouble with EAs is that they are liars and you don't know when or if they are telling the truth. Quote Link to comment Share on other sites More sharing options...
shedfish Posted February 7, 2009 Share Posted February 7, 2009 quick everyone - get on the ladder...before it's too late! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.