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Rightmove mom down 1.1%

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I had my first decent night's sleep in weeks last night... And dreamed about my rightmove saved search results! Ha ha :)

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Indeed rightmove got quite excited about -1.3% last November, the lowest November adjustment since 2011 reckoning it was indicative of a strong market. So -1.1% looks pretty strong for a month when prices always fall of a cliff.

No Sun, No Supermoon. No flowers, no noon. And definitely no house price rises. November

 

last year......

 

http://plc.rightmove.co.uk/~/media/Files/R/Rightmove/house-price-index/november-2015.pdf

Edited by crashmonitor

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:lol: I strongly believe this is the beginning. I got this on my email over the weekend. Builders trying to give freebies. When did this happen last? Couple of weeks back I got another email begging to buy a new build for a Stamp duty freebie. 

Don't miss your chance to reserve plot 3, our impressive 4 bedroom home 'The Grove' at Oakwood Grange before 30thNovember and receive £5000 worth of John Lewis vouchers**
 
The Grove, 4 bedroom detached home, is ready to move into before Christmas and features:

  • Open plan kitchen/dining room
  • En suite to master bedroom
  • Separate study
  • White Roca sanitary ware
  • Roundel fitted kitchens
  • Silestone worktops

Set in the desirable village of Winnersh, Oakwood Grange is a small development of just nineteen 3, 4 and 5 bedroom homes, with every home featuring a garage and 2 parking spaces. Winnersh offers a range of great local schools and amenities and is just five miles from Reading. 

Don’t miss out, we are already 50% sold.

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16 minutes ago, Grumpysod said:

With all the uncertainties that are hitting the western world with the UK taking a lead I was expecting more of a panic among the speculative sector in the housing market. Brexit and now Trump with some quite worrying European right wing movements gaining more power next year.

The people are starting to revolt in  a scorched earth type of way, our particular bugbear is unaffordable housing that is ignored yearly, but recently I have been presented with some horrible examples of how so many people are suffering in the UK in other ways. I knew things were bad, but a few visits to Nottingham and a few Fen towns has showed me the real UK for so many people.

How on earth  can you have a country where you need to take on a mortgage on an ex crack den that could feed and home a third world town for a year, this will end soon.

On the theme of feeding a third world town. You could equally argue that the cost of freeing up one of these houses plus benefits for a migrant that has made it across Europe could feed the town from whence he has come too. But I guess the SJW code states that  the needs of the guy that is good at jumping lorries are more vital than the town he left behind.

Edited by crashmonitor

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1 hour ago, Noallegiance said:

Right wing isn't worrying me.

Show me a right wing 20th century dictator..... 

I think the communists are easier to count. 

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2 hours ago, Grumpysod said:

My way of thinking is that there is a political clock with a pendulum which swings to the right to left which needs to constantly readjust in order to balance events,

+1

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2 hours ago, Grumpysod said:

My way of thinking is that there is a political clock with a pendulum which swings to the right to left which needs to constantly readjust in order to balance events, There have been times in our history for example when so called "left wing politics" have given us great things like the NHS or welfare, welfare when there was a time when people were starving in the streets and where a war widow could just be left homeless and with little help. Trade unions at one time made huge sacrifices and stood up to cruel greedy factory owners.

Now we have welfare handed out as a lifestyle choice to  people who think we must pay for their breeding, trade unions of the 1970's that had to be brought down a peg or two, tough or right wing politics are needed as a type of tough love so the UK does not implode.

Agree 100%......we're well overdue for a correction:)

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11 hours ago, hi5lo5 said:

:lol: I strongly believe this is the beginning. I got this on my email over the weekend. Builders trying to give freebies. When did this happen last? Couple of weeks back I got another email begging to buy a new build for a Stamp duty freebie. 

Don't miss your chance to reserve plot 3, our impressive 4 bedroom home 'The Grove' at Oakwood Grange before 30thNovember and receive £5000 worth of John Lewis vouchers**
 
The Grove, 4 bedroom detached home, is ready to move into before Christmas and features:

  • Open plan kitchen/dining room
  • En suite to master bedroom
  • Separate study
  • White Roca sanitary ware
  • Roundel fitted kitchens
  • Silestone worktops

Set in the desirable village of Winnersh, Oakwood Grange is a small development of just nineteen 3, 4 and 5 bedroom homes, with every home featuring a garage and 2 parking spaces. Winnersh offers a range of great local schools and amenities and is just five miles from Reading. 

Don’t miss out, we are already 50% sold.

Oh Sheeet, so much demand that they have to advertise?

I'll get 2.

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Wow, loving those last few paragraphs of the home.co.uk report...

 
Quote

 

Due to sterling weakness we can already expect a large wave of inflation to hit soon; indeed, it’s already on the rise. Should inflation increase
much beyond 2% then expect mortgage rates to rise to well above that figure. More expensive borrowing will create a major headwind for the UK property market. In fact, interest rates are already predicted to quadruple over the next 5-10 years, according to the yield curves
produced by the Bank of England (but they may well rise even further than forecast). Of course, all this should come as no surprise. ZIRP policies cannot last forever; they are meant to be a temporary fix while the ‘real economy’ takes off again. Unfortunately, there is little evidence of that and instead we have the headache of both widening fiscal and trade deficits. Like a Greek tragedy, the UK’s national obsession with owning property may well be its undoing.

 

 

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1 hour ago, lostinessex said:

Wow, loving those last few paragraphs of the home.co.uk report...

 
 

Agree, God knows how the economy is supposed to take off again, the excessive debt burden looks set for our lifetimes at least, and private sector debt is the least of our worries. We still need to borrow about 100 billion every year to support the benefits system, most especially for the retired. Borrowing is no longer about  National survival in wartime but propping up impossible welfare promises we have made to ourselves, absolutely crazy and f%%king selfish regarding future generations.

The debt might be a greater drag on inflation going forward than we might think since growth will be kept permanently in check. The hyper-inflationists have clearly lost a lot of credibility over the last decade. Over a decade ago they argued that true inflation was running at 10%...in that case looking back to 2002 goods should have quadrupled; clearly with food, motoring and manufactured goods now being the cheapest in the history of mankind in relation to earnings that clearly hasn't been the case. Being so wrong on that has rather spolit there main argument over unpayable debt (which I 100% agree with).  I guess when the state health and pensions Ponzis do eventually collapse we will have to inflate the debts away. I suspect a lot of can kicking before we give up the ghost and hyper-inflate.

Edited by crashmonitor

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On 14/11/2016 at 1:53 PM, Timak said:

Ah the alt-rightification of HPC continues. Let me guess "National socialist party" so therefore they were basically Owen Jones with tanks.....

https://en.wikipedia.org/wiki/Right-wing_dictatorship

 

 

I've heard the alt-right be named the alt reich by lefties and the alt-kike by nazis (not asociated to either, I get my news from pol). I don't know where this alt right came from  but it's a forced meme. Dont buy it. Its astroturrfed

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New HPI has been release from the land registry today. I can see people had been still paying the utterly ludicrous price until last September.

https://www.gov.uk/government/news/uk-house-price-index-hpi-for-september-2016

 

And this one is for the same time last year FYI.

https://www.gov.uk/government/news/september-2015-market-trend-data-from-land-registry

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On 11/14/2016 at 1:53 PM, Timak said:

Ah the alt-rightification of HPC continues. Let me guess "National socialist party" so therefore they were basically Owen Jones with tanks.....

https://en.wikipedia.org/wiki/Right-wing_dictatorship

 

 

I am slightly sceptical of the above list.  Everyone Soviet Union liberated/occupied was far right apparently, not just Germany.

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