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rantnrave

Nationwide Sep -0.2% Mom

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August's index has been revised down from 376.0 to 375.5 to boot- would be a 0.3% drop otherwise, for all the difference it makes. Old habits die hard, it seems.

September report:

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Sept_2014.pdf

Q3 2014 report:

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Q3_2014.pdf

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soon, it will have to be "pay what you can afford any mortgage you like for the residence you live in"

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August's index has been revised down from 376.0 to 375.5 to boot- would be a 0.3% drop otherwise, for all the difference it makes. Old habits die hard, it seems.

September report:

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Sept_2014.pdf

Q3 2014 report:

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Q3_2014.pdf

So what we have is actualy a 0.7% drop.

Sneaky ****s

Edited by TheCountOfNowhere

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From 11% year on year in the previous month (according to the Bbc article). It would be nice to see the year on year chart from 2006.

Are Nationwide calling the top ?

Expert Robert Gardner says no. Plenty of strong fundamentals in the labour market supported by low interest rates apparently.

Personally I think he's an algorithm with a slightly broken RAND( ) function.

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Expert Robert Gardner says no. Plenty of strong fundamentals in the labour market supported by low interest rates apparently.

So savers being hammers, pensioners being hammerd and some idiots throwing all their disposable into over priced property.

Strong fundamanals.....no lad, it's strong f**king mentals, more like.

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So savers being hammers, pensioners being hammerd and some idiots throwing all their disposable into over priced property.

Strong fundamanals.....no lad, it's strong f**king mentals, more like.

It must be a new paradigm.

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Very interesting quarterly stats...London now starting to lag 0.9%, the ripple has hit the Midlands (both East and West hitting 2%) and also showing strongly in East Anglia.

London looks completely f**ked now, and I guess once the ripple has burnt itself out over the rest of the country so might the regions be too.

A lot of hope for homeowners will now be looking to pension Wonga day...6th April 2015. (there again I don't suppose boomers will buying if the quarterly stats turn negative).

Edited by crashmonitor

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Very interesting quarterly stats...London now starting to lag 0.9%, the ripple has hit the Midlands (both East and West hitting 2%) and also showing strongly in East Anglia.

London looks completely f**ked now, and I guess once the ripple has burnt itself out over the rest of the country so might the regions be too.

A lot of hope for homeowners will now be looking to pension Wonga day...6th April 2015. (there again I don't suppose boomers will buying if the quarterly stats turn negative).

...and all this with low interest rates, government give aways, money printing and mass propaganda.

The thing for me has always been the historic low sales volumes. The market is false one, the stats are easily skewed/manipulated. Some people who refused to acknowledge the 20087-2011 crash have held out waiting for the recovery. Some of the clever/lucky ones have got out in the last 18 months. If any one expects their house price to rise on the back of a massive jump in the cost of living, no wage growth, rock bottom interest rates and unpopular government intervention then they are deluded.

Were you one of the lucky ones that was gifted our savings/taxes ?

No, thought not.

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It must be a new paradigm.

As they say in the U.S....those who believe in new paradigms don't have a pair-a-dimes to rub together.

( P.S. I made that up ).

Edited by TheCountOfNowhere

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Very interesting quarterly stats...London now starting to lag 0.9%, the ripple has hit the Midlands (both East and West hitting 2%) and also showing strongly in East Anglia.

London looks completely f**ked now, and I guess once the ripple has burnt itself out over the rest of the country so might the regions be too.

A lot of hope for homeowners will now be looking to pension Wonga day...6th April 2015. (there again I don't suppose boomers will buying if the quarterly stats turn negative).

Could you explain how this ripple works? I haven't seen it in action here in the south west.

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