Halifax Hpi September 2010 -3.6%!

[Fudge]

-3.6% drop in a month is a significant event

its a sign of things to come

[Pent Up]

halifax playing catch up after massaging the numbers for a few months? story not mentioned on radio 1 when every time prices go up they are first item. If we ignore it it will go away.!

Even if you take off 0.8% for the last two months still leaves you with -2.8% which is still HUGE!

Shit I've done no work in the last two hours, better give a rest for a bit.

[duckwomanloulou]

"I think I might have to buy some gold" ...... (did RB just say that?! HPC on full speed & RB conversion in one day)

Edited October 7, 2010 by duckwomanloulou

[mirage]

It's a bit long but you should be able to get that on your tombstone as an epitaph.

(Not being rude here. Pythagoras wanted the fact that the volume of a sphere is two thirds of the volume of the cylinder that encloses it on his grave because he felt that discovering that was the cleverest thing he ever did.)

Archimedes. Interesting story - Cicero had read in a poem that Archimedes had arranged to have a sculpture of the sphere-enclosing cylinder atop his grave. The grave had been lost to the Syracusians but when Cicero was there, 137 years later, as Governor of Sicily he found it for them and had it tidied up - an act which won him respect amongst the Sicilians and later described in modern times as the most memorable Roman contribution to mathematics! You can read Cicero's own account:

My link

I hope that this number isn't used as an excuse by the BoE and the FSA to queese and backtrack on mortgage regulation.

Edited October 7, 2010 by mirage

[Englaender]

I know this only confirms what us Property Bee devotees have been seeing for some time, but I am still amazed that they didn't find some way to fudge these figures because that's one hell of a drop and one that even the BBC can't ignore. Actually, they can.

While talking about the potential reforms to public sector pensions, they talk about the cost of living increasing and low IRs as bad things. Why then, pray tell Auntie Beeb, is every increase in the cost of housing, the single biggest purchase most people will ever make in their lifetime, seen as a good thing?! Oh yes, because it's not a house or a home, it's an investment...

*rant over*

[Brave New World]

Is this the politically engineered crash speed that many have mentioned hear - getting the falls out of the way early and hard ready for a recovereh in time for the next election?

[200p]

But remember, folk, a crash must happen first to allow a recovery

[council dweller]

3 days after I put my house up for sale

Buyers are going to be spooked big time

:angry: :angry:

You only need one mug, there are plenty around! Good luck!

[Umaguma]

The fear phase

[StainlessSteelCat]

MSE news thread - should you want to sample the waters (and are not yet banned):

http://forums.moneysavingexpert.com/showthread.php?t=2776902

[barrabus]

I have to admit I was getting fed up and conspiring to buy by Crimbo.

I must have been one of the last bears to turn ever so slightly bullish (Mrs.Bear gettng fed up).

I think I might buy some gold now.

Not at todays price you won,t $1361 and still going.

[Kyoto]

Just look at this - I bet that overhang at the end looks worse today. On the precipice for sure.

[Cherubium]

I think we should run a book on how many pages this thread runs to by the end of the week.

I predict 34.

[Tired of Waiting]

Best monthly figures ever!

(...)

Exactly! More affordable housing! But most of the media will spin this as "bad" news.

I think we should go out in the main stream media ASAP and start posting comments there, arguing that it is good news! More affordable housing!

[Pole]

GOOGLE NEWS SECTION FOR 07.10.10; TOP STORIES:

[200p]

ah here's an old one. One for the bulls:

Haaha <mad laughter>

Edited October 7, 2010 by Money Spinner

[grey shark]

HALIFAX FIGURES .................

Sep 04 £162,669

Sep 10 £162,096,

WHAT A F***ING WASTE ...........

[hedgefunded]

A mate of mine, who sees himself as a bit of a financial guru just completed on a nasty little place to rent out.

Cost him £110k, and he thought he'd got a bargain. Apparently, the EA was going to buy it but he didn't have the cash

The hoped for £450/month rent, less his costs should see him making a tidy £100/month profit if he's lucky. In fairness, that will go some way to offsetting the £3.6k/month that he's losing.

[Ex-Overseas Landlord]

BBC have now changed the headline from "UK house prices slide 3.6% in September, Halifax says" to

"UK house prices plunge 3.6% in September, Halifax says

Oh dear...........

[SHERWICK]

I think we should run a book on how many pages this thread runs to by the end of the week.

I predict 34.

I predict 34 in a few hours, not the end of the week! I haven't seen so much excitement here since Brown called that woman 'bigoted'.

[bricor mortis]

No cigar till its yoy negative..

Volumes so low stats are a bit dubious, I felt that on the 'bounce' I feel that now. A good day never the less.

Nice to see 500+ users reading the thread.

[Guest_flaps_*]

Not quite sure how I kept the van on the road when I heard this

I think oncoming drivers must have thought I was trying to punch a spider on the inside of my roof to death!!

[mirage]

Obviously the Halifax is wrong - from early June most of the EAs I have talked with in Swansea have been telling me that September would be the boom month.

[mirage]

FTSE 100 5679.45-0.03%

FOREX shows £ up slightly vs. Euro and $.

Shock yet to hit?

I hate to break it to you, bear: the forex market doesn't give a flying ****** about one month's Halifax figures.

[Nickolarge]

Ah, a proper Tory crash at last.

You got it.

Every Tory government comes with a free crash and a recession. Sometimes you even get two, if they hold on to power long enough.