October 2010 property bet
Discussion
musclecarmad said:
pmanson said:
I thought Nationwide were reporting price rises this month?
The property bet is based on halifax house price figs.http://news.bbc.co.uk/1/hi/business/10219681.stm
, but at last I'm Mr Average Mortgage!NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
Following on from last year
http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
March 2010 +1.1% Average price £168,521http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
Edited by NoelWatson on Thursday 18th March 10:38
http://www.lloydsbankinggroup.com/media/word/HPI/2...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
Pugs.
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
Following on from last year
http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
March 2010 +1.1% Average price £168,521http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
Edited by NoelWatson on Thursday 18th March 10:38
http://www.lloydsbankinggroup.com/media/word/HPI/2...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
So below the starting point...
However since that time HIPS have gone so many more people appear willing to put their property on the market (amazing to think the ~£300 cost of a HIP was seen as so detrimental but even now you still need an EPC- even with private sales- the £80- 100 cost of that appears no issue...)
Can't really blame the World Cup as a drag now, suspect buyers are being put off by the doomladen stories in the press about a double dip, and the volume of property now on the market.
However since that time HIPS have gone so many more people appear willing to put their property on the market (amazing to think the ~£300 cost of a HIP was seen as so detrimental but even now you still need an EPC- even with private sales- the £80- 100 cost of that appears no issue...)
Can't really blame the World Cup as a drag now, suspect buyers are being put off by the doomladen stories in the press about a double dip, and the volume of property now on the market.
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
Following on from last year
http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
March 2010 +1.1% Average price £168,521http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
Edited by NoelWatson on Thursday 18th March 10:38
http://www.lloydsbankinggroup.com/media/word/HPI/2...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
Following on from last year
http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
March 2010 +1.1% Average price £168,521http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
Edited by NoelWatson on Thursday 18th March 10:38
http://www.lloydsbankinggroup.com/media/word/HPI/2...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
July 2010 +0.6% £167425
The jiffle king said:
This could be very close this year. I've followed this thread and the massive other thread for a long time. I get the feeling that it could be within 1000GBP at the end of the year
Yes, I think this will be close this year... but I am sure the Dail Wail will tell us that house prices are soaring again.Devil2575 said:
I just don't see how it's sustainable to have average house prices up at 170k and average wages down at 25k.
It's easy to forget that so many housesholds now have TWO earners, so at £50k you can see that £170k isn't much over 3 times combined earnings - in other words about normal.One of my theories is that the massive increase in house prices has largely been CAUSED by the "two earners" situation. In the UK supply of space for housing is very limited and any increase in household income just enables people to spend more so they do spend more. A real backwards step in many ways.
Ozzie Osmond said:
Devil2575 said:
I just don't see how it's sustainable to have average house prices up at 170k and average wages down at 25k.
It's easy to forget that so many housesholds now have TWO earners, so at £50k you can see that £170k isn't much over 3 times combined earnings - in other words about normal.One of my theories is that the massive increase in house prices has largely been CAUSED by the "two earners" situation. In the UK supply of space for housing is very limited and any increase in household income just enables people to spend more so they do spend more. A real backwards step in many ways.
NoelWatson said:
I think we debunked that theory many aeons ago
(not meant antagonistically!) you've said this before but we need some CML data i think.if anyone has stumped up the £6k a year to be a member can they please have a look to at least see if there's anything that would help..!
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
Following on from last year
http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
March 2010 +1.1% Average price £168,521http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
Edited by NoelWatson on Thursday 18th March 10:38
http://www.lloydsbankinggroup.com/media/word/HPI/2...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
July 2010 +0.6% £167425
http://www.lloydsbankinggroup.com/media/pdfs/resea...
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
Following on from last year
http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
March 2010 +1.1% Average price £168,521http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
Edited by NoelWatson on Thursday 18th March 10:38
http://www.lloydsbankinggroup.com/media/word/HPI/2...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
July 2010 +0.6% £167425
http://www.lloydsbankinggroup.com/media/pdfs/resea...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
Ozzie Osmond said:
Devil2575 said:
I just don't see how it's sustainable to have average house prices up at 170k and average wages down at 25k.
It's easy to forget that so many housesholds now have TWO earners, so at £50k you can see that £170k isn't much over 3 times combined earnings - in other words about normal.One of my theories is that the massive increase in house prices has largely been CAUSED by the "two earners" situation. In the UK supply of space for housing is very limited and any increase in household income just enables people to spend more so they do spend more. A real backwards step in many ways.
And why have BTLs had to replace FTBs if homes are so affordable?
Could be because the mean average salary (around £25k) and the median average (around £17k) have diverged massively over the years and mr and mrs average are earning a lot less than we're told.
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
NoelWatson said:
Following on from last year
http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
March 2010 +1.1% Average price £168,521http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Bit late starting this year, but format is very similar
Pugsey and I are having a bet on the future value of property. Specifically, we are betting on whether the average house price will be higher in October 2010 than it is today. For the baseline we are using Halifax Feb 2010
http://www.lloydsbankinggroup.com/media/word/HPI/2...
with an Feb 2010 average of £166,857. When the October 2010 report comes out, if...
a). the average house price is equal to or more than £166,857, Noel pays £250 to Poppy Appeal
b). the average house price is less than £166,857, Pugsey pays £250 to Poppy Appeal.
I will update this thread on a monthly basis with the Halifax numbers.
Edited by NoelWatson on Thursday 18th March 10:38
http://www.lloydsbankinggroup.com/media/word/HPI/2...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
July 2010 +0.6% £167425
http://www.lloydsbankinggroup.com/media/pdfs/resea...
http://www.lloydsbankinggroup.com/media/pdfs/resea...
As ever, so glad I've never looked at an 'average' house in my life. Either as a home or investment.
Cheers Noel - looks like it could be me making that poppy seller's day again!
carreauchompeur said:
I think the winner should actually pay a Poppy Appeal seller the £250, in cash... like you say, it would make their day, but might provoke a heart attack!
Precisely what I did last year (when I lost previous bet lol!) and effect on seller (local vicar's elderly wife) was indeed hilarious.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff