Friday, December 31, 2010

Telgraph’s take on Nationwide report

UK house prices rise for first time since May

"House prices rose in December for the first time since May, providing reassurance that the fall in Britain's property market may not be as dramatic as in 2008." Hehehe. "Reassurance" that insane house prices will continue eh?

Posted by peter @ 09:01 AM (921 views)
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3 thoughts on “Telgraph’s take on Nationwide report

  • sibley's b'stard child says:

    Martin Gahbauer, the Nationwide chief economist, said:”It would be premature to suggest that the recent downward trend had been broken on the basis of one month’s figures.”

    Thank you Martin, I will take solace from that. Suffice it to say, this is one piece of news i’ll be censoring from the wife. God help me if she stumbles upon the BBC website for any reason…

    Bah, what an anticlimactic finale to 2010. Grumble, grumble, grumble.

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  • Fear not, sbc. Nationwide should go yoy negative next month.

    I would hope, by now, that the ‘majority’ have twigged that anyone who bought a house in 2010 has already lost money.

    With that lesson learned and headwinds to come, 2011 is not a year to buy a house – unless it’s for life.

    I’m afraid that 2010 buyers will just have to swallow increasing losses for falling into the bull trap.

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  • 1. sibley

    Don’t worry Rodney, next year we will all be millionaire rent boys.

    A little sore, after so long; but feeling much better.

    Happy New Year.

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