Friday, Jun 23, 2006

Cliff Darcy's latest take on the housing market

Motley Fool: The Terrible Truth About House Prices!

Frankly, I'm stunned that UK house prices have continued to rise for as long as they have. Indeed, according to data from the Halifax, the average house price has risen every single year since 1996, notching up a ten-year winning streak, as the following table confirms:

Posted by webmaster @ 04:32 PM (598 views)
Add Comment
Report Article

4 Comments

1. Surfgatinho said...

Interesting to see wage inflation is well above 2% I'd have though that would have had more effect on overall inflation than it apparently has?

Friday, June 23, 2006 06:45PM Report Comment
 

2. sirgoogle said...

Surfg

The inflation figures are worthless. Every time something on the index rises in price it gets removed from the basket of prices so that the basket iis made of things that are not really part of everyday life. E.G. The falls in inflation around easter were due cheap DVD players (and just how many of those do we need to buy a week eh!). Interestingly fuel, debt repayments and the cost of homeownership is not included.

The rich BastRD2 in the "city" want the entire nation on its knees paying through the nose just to live.

Friday, June 23, 2006 09:49PM Report Comment
 

3. bidin'matime said...

Many would say that house prices had gone so low in the early 90's that the ratio we have now might well be more appropriate, but the graph on this site (View graph) shows the ratio going back to 1953, showing clearly that the current situation is more extreme than ever.

Friday, June 23, 2006 10:13PM Report Comment
 

4. inbreda said...

We certainly are in a new paradigm. Not one that will see prices go up and stay up, but one that will see the largest peak to trough difference ever. With such a high proportion of bankrupts claiming the reason for default as simply "borrowed too much" the credit contraction, when it comes, is going to reveal the true effect of the 'new paradigm'.

Sunday, June 25, 2006 12:50PM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies