Graph of House Price Values past 34 yrs . . .

[Stealth-wagon]

So, stamp duty gets shelved on properties under £175k.

Hmm, a saving of 1% on £175k is £1,750…

House prices are falling 2% A MONTH at moment, so if you wait a mere two weeks, the asset value might fall a further £1,750 anyway !

Besides, given this guvmnts bureaucratic nature, you would probably spend a couple of weeks filling out forms in triplicate, full of personal information (to be lost later), and meanwhile wait a few weeks for approval, by which time the house has fallen another £4,000 anyway. Great …

[Neil_H]

Oh great, another house prices thread!

• sigh*

[dan1981]

blimey did it really take over 10 years for prices to recover to 1990 prices?

[AngryS3Owner]

So looking at that if the same thing happened in the early 90s we could expect to see the house prices fall to around the level they were in 2000? Should make life interesting if that happens!

[SpydieNut]

Neil_H said:

Oh great, another house prices thread!

• sigh*

no, the other one.

[Chainguy]

Someone's has been over with the tinfoil hat crew at www.housepricecrash.co.uk I think.

Also known as www.letstryandtalkourselvesintoadepressionandstock...

[cs02rm0]

Chainguy said:

Someone's has been over with the tinfoil hat crew at www.housepricecrash.co.uk I think.

Also known as www.letstryandtalkourselvesintoadepressionandstock...

As opposed to www.fingersinmyearsandsingingicanthearyouitsdiffer...

[camgear]

Hmm, I think I'm in quite a good position living in a rented shared house at the moment, should start saving for a decent deposit now!

Edited by camgear on Tuesday 2nd September 14:24

[jdw1234]

anonymous said:

[redacted]

Thankyou.

Edited by jdw1234 on Tuesday 2nd September 14:33

[jdw1234]

anonymous said:

[redacted]

Ahh, I concluded private equity/buyouts.

Close!

[crossle]

dan1981 said:

blimey did it really take over 10 years for prices to recover to 1990 prices?

Yes it did, as I know only too well. Sold a flat in 2000 for a tidy £5000 more than I paid for it in 1988....

[thebullettrain]

A third was wiped off in the 90s and I would expect the same to happen this time.

[kambites]

thebullettrain said:

A third was wiped off in the 90s and I would expect the same to happen this time.

Yup. That's only the last two or three years' worth of major rises wiped out.

ETA: That graph doesn't look right though - did prices really flatten out in 2005 to that degree?

Edited by kambites on Wednesday 3rd September 11:28

[MitchT]

If this graph is right then I might actually be able to afford a place by about 2014!

[Bing o]

anonymous said:

[redacted]

Tonks, we all know that you work in the coffee shop of a corporate lawyers really

[2something]

If you are so good at reading graphs and predicting what is going to happen, you would be using it to make money in the markets. Many people have drawn many pretty lines on graphs, most of them were wrong, even the ones drawn in pretty colours.

Onto the next house price thread please.

[Mr POD]

2something said:

If you are so good at reading graphs and predicting what is going to happen, you would be using it to make money in the markets. Many people have drawn many pretty lines on graphs, most of them were wrong, even the ones drawn in pretty colours.

Onto the next house price thread please.

The early base data on that graph appears suspect to me. Everthing Pre 1990 seems over stated.

Why do I think that?

My Parents Bought a house in 1978 for £18K and sold at the peak in 1989 at £100K
My Sister in Law bought a house in 1986 for £26K and at the peak in 1989 it was worth £70K.

The result of putting the base data right would make the line more of a curve, and more steep at from 1995 to 2008.

the other thing that pisses me off is when the Y axis fails to start at ZERO. It's just a small point but it gives an optical illusion that I personally don't like.

[Yertis]

anonymous said:

[redacted]

Do you do sell outs too?

[Digga]

anonymous said:

[redacted]

Buy outs low.

Sell outs high.

[kambites]

Mr POD said:

2something said:

If you are so good at reading graphs and predicting what is going to happen, you would be using it to make money in the markets. Many people have drawn many pretty lines on graphs, most of them were wrong, even the ones drawn in pretty colours.

Onto the next house price thread please.

The early base data on that graph appears suspect to me. Everthing Pre 1990 seems over stated.

Why do I think that?

My Parents Bought a house in 1978 for £18K and sold at the peak in 1989 at £100K
My Sister in Law bought a house in 1986 for £26K and at the peak in 1989 it was worth £70K.

The result of putting the base data right would make the line more of a curve, and more steep at from 1995 to 2008.

the other thing that pisses me off is when the Y axis fails to start at ZERO. It's just a small point but it gives an optical illusion that I personally don't like.

I think it's inflation adjusted?

Agreed about the non-zeroed axis. I hate it when people publish graphs like that, it's so misleading.

Edited by kambites on Wednesday 3rd September 12:25