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rantnrave

Halifax January 2018

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Excellent news. The reversion to mean continues.

The junk debt Nationwide must be infecting the UK economy with at this stage of the cycle is leaking out in their numbers. They'll need to fix it one way or another. The negative equity begins.

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Email to the Business Update people seems to have produced an acknowledgement of the report in their update feed.

Have now asked if they are going to give it the same prominence on the front page of the website, as they did for last week's Nationwide report.

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If Halifax and Nationwide keep these indices as a way of drawing attention to themselves, you can see why they might want to put out a positive number each time. Very little MSM coverage of this negative figure, compared to Nationwide's rise last week.

Here's one of the few:

https://www.theguardian.com/money/2018/feb/07/uk-house-prices-fall-again-as-household-income-squeezed

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1 minute ago, rantnrave said:

If Halifax and Nationwide keep these indices as a way of drawing attention to themselves, you can see why they might want to put out a positive number each time. Very little MSM coverage of this negative figure, compared to Nationwide's rise last week.

Fortunately they don't control the narrative the way they once did.

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The Halifax said prices fell by 0.6% in January, following December's fall of 0.8%.

It is the first time since the summer of 2016 that prices have declined in two consecutive months.

LOL! The first two lines based upon the points I fed them.

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4 minutes ago, warrior88 said:

Appreciate the perseverance!

Am sure the Nationwide 'house prices up' story became one of the top ten most-viewed items for a while. Little chance of this write-up getting a similar viewing without it being on the front page.

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looking at the chart on their webpage, last time Halifax (the north) was going while while nationwide (the south) was falling was just before a large housing crash. Its almost a leading indicator of whats to come.

But looking at the time scales we should know in a few months! 

 

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Often the scamper by investors out of the south and into the north is a sign that the market is in its final throes. 

Pruces are beyond unaffordable now and any sign of recession can quickly lead to carnage. 

But with interest rates so low it’s really worrying how many ppl might still lose their homes in such an event. Can’t see IR ever normalising in this country again in my life time. 

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This makes the 3.6% in monthly rises (Jul-Nov 2017) look even more suspicious.

No chance of a yoy negative until Aug 2018 judging by those numbers unless the next few months show some serious downward movement.

Still, good news is always welcome.

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40 minutes ago, warrior88 said:

I am at 93% , my life will never be the same again

Using what you COULD or what you WOULD pay?

Using what I WOULD pay I can afford 50%.

Using what I and my partner COULD pay its 86%.

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there is no WOULD or COULD since the DEBTpushers control house prices, you will pay what they think you SHOULD

 

edit: ever noticed how if you say/read a single word over and over it sounds/looks wrong? pick a word and try it, any word

Edited by thewig

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54 minutes ago, Ash4781 said:

Halifax also launched a current account switching reward scheme.  Dovetails nicely with comments on low mortgage volumes.

They don't seem to be that related -  new mortgage business is lending (asset/ cash out) vs. current account which is deposits  (liability/cash in)

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3 hours ago, Cosmic Apple said:

Using what you COULD or what you WOULD pay?

Using what I WOULD pay I can afford 50%.

Using what I and my partner COULD pay its 86%.

Yes fair enough - I am hoping that there is a house price correction/crash and I would like to pay the 93% rather than could pay.

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  • 407 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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