Cost of living squeeze in 2022

[Throttlebody]

Nationwide releases it’s monthly house price data this week.

Over the last 3 months consistent price falls have been pulling the annual average down. Mar 14.3%, Apr 12.1%, May 11.2%.

Will it continue or have a rebound? Which dog is going to have 2 dicks?

[Welshbeef]

Throttlebody said:

Nationwide releases it’s monthly house price data this week.

Over the last 3 months consistent price falls have been pulling the annual average down. Mar 14.3%, Apr 12.1%, May 11.2%.

Will it continue or have a rebound? Which dog is going to have 2 dicks?

I’d wager
1. Vastly lower sold / transactions
2. Lower numbers due to the end of the stamp duty freeze
3. Lower numbers as it’s been a strong market
4. Cost of living might be making a % of buyers think.

[Sway]

Throttlebody said:

Nationwide releases it’s monthly house price data this week.

Over the last 3 months consistent price falls have been pulling the annual average down. Mar 14.3%, Apr 12.1%, May 11.2%.

Will it continue or have a rebound? Which dog is going to have 2 dicks?

You are aware that reduced YoY growth is still growth, not falling prices?

Indeed, the very first title on the Nationwide release is:



Stop lying. House prices aren't seeing "3 months consistent price falls".

[kiethton]

Welshbeef said:

I’d wager
1. Vastly lower sold / transactions
2. Lower numbers due to the end of the stamp duty freeze
3. Lower numbers as it’s been a strong market
4. Cost of living might be making a % of buyers think.

On reduced transactions, yes - this and the annualisation of a strong period is likely to see a % fall - don’t read too much into it now though. Transactions going through now we’re likely SSTC in Feb/Mar, before the current worries kicked off

[Throttlebody]

Sway said:

You are aware that reduced YoY growth is still growth, not falling prices?

Indeed, the very first title on the Nationwide release is:



Stop lying. House prices aren't seeing "3 months consistent price falls".

No lies. Annual house price is falling monthly. It’s actually in your quote.

[Welshbeef]

Throttlebody said:

Sway said:

You are aware that reduced YoY growth is still growth, not falling prices?

Indeed, the very first title on the Nationwide release is:



Stop lying. House prices aren't seeing "3 months consistent price falls".

No lies. Annual house price is falling monthly. It’s actually in your quote.

No that’s incorrect

The rate of the annual growth is easing.
There are no negative growth/falls

[Throttlebody]

Welshbeef said:

No that’s incorrect

The rate of the annual growth is easing.
There are no negative growth/falls

I’m factually correct, you just have to be careful with your words.

[Abdul Abulbul Amir]

Throttlebody said:

I’m factually correct, you just have to be careful with your words.

And it seems you were missing one...

[isaldiri]

Claiming to be factually correct despite earlier posting this

""Over the last 3 months consistent price falls have been pulling the annual average down. ""

Is pretty amusing it has to be said....

[skwdenyer]

isaldiri said:

Claiming to be factually correct despite earlier posting this

""Over the last 3 months consistent price falls have been pulling the annual average down. ""

Is pretty amusing it has to be said....

I presume the logic is that *some* properties are still growing strongly (this is obviously true), but that *some* properties are declining (this is also obviously true), meaning that the falls are counteracting the gains. The net result is reduced monthly growth, whilst the YoY growth figure is primarily driven by earlier months' gains.

It would be interesting to see some granular regional data, to see if the above is true. My hunch is that it is not regional, but instead quite property-specific. Round my way, quality is still garnering punchy prices, whilst some stuff is now selling for no more than it did in 2018.

[Deep Thought]

Throttlebody said:

Nationwide releases it’s monthly house price data this week.

Over the last 3 months consistent price falls have been pulling the annual average down. Mar 14.3%, Apr 12.1%, May 11.2%.

Will it continue or have a rebound? Which dog is going to have 2 dicks?

Just for the avoidance of doubt here, you're interpreting year on year growth, shown monthly over the last three months as "falls" because the numbers are lower than each other? You get those aren't falls in house prices, right?

I know you're desperate for a win but seriously?

[Sway]

Throttlebody said:

Sway said:

You are aware that reduced YoY growth is still growth, not falling prices?

Indeed, the very first title on the Nationwide release is:



Stop lying. House prices aren't seeing "3 months consistent price falls".

No lies. Annual house price is falling monthly. It’s actually in your quote.

You really are incredibly special.

It even says that house prices rose month on month, and that the average house price is at a record high.

So I've revised my position, you're not lying - just incredibly thick.

[monthou]

Throttlebody said:

I’m factually correct, you just have to be careful with your words.

Is average house price going up or down?
It's not a trick question.

[Throttlebody]

monthou said:

Throttlebody said:

I’m factually correct, you just have to be careful with your words.

Is average house price going up or down?
It's not a trick question.

Annual average house price growth is going down. Last 3 months have been consistent falls. That’s why I quoted them,

[Throttlebody]

Sway said:

Throttlebody said:

Sway said:

You are aware that reduced YoY growth is still growth, not falling prices?

Indeed, the very first title on the Nationwide release is:



Stop lying. House prices aren't seeing "3 months consistent price falls".

No lies. Annual house price is falling monthly. It’s actually in your quote.

You really are incredibly special.

It even says that house prices rose month on month, and that the average house price is at a record high.

So I've revised my position, you're not lying - just incredibly thick.

I sense you’re very personally invested in high UK property prices.

Let’s say it’s a cooling market. Sounds much more comfortable. I wonder how cool it has to switch to declining, decreasing, dropping. Maybe -273 deg C. Absolute zero baby.

Let’s see what Nationwide comes out with for Jun.

[Welshbeef]

Throttlebody said:

Annual average house price growth is going down. Last 3 months have been consistent falls. That’s why I quoted them,

All three months you mention have been growth all three months have been >0% ie growth.

They are not falls they are positive growth.

A fall would be a monthly value <0% which isn’t the case.

Knowing the above and still saying house prices are falling is lying.

[FiF]

Sway said:

Throttlebody said:

Sway said:

You are aware that reduced YoY growth is still growth, not falling prices?

Indeed, the very first title on the Nationwide release is:



Stop lying. House prices aren't seeing "3 months consistent price falls".

No lies. Annual house price is falling monthly. It’s actually in your quote.

You really are incredibly special.

It even says that house prices rose month on month, and that the average house price is at a record high.

So I've revised my position, you're not lying - just incredibly thick.

I'm somewhat reminded of the discussion about the 4% GDP decline as if that were an actual true fact.

[Deep Thought]

Throttlebody said:

monthou said:

Throttlebody said:

I’m factually correct, you just have to be careful with your words.

Is average house price going up or down?
It's not a trick question.

Annual average house price growth is going down. Last 3 months have been consistent falls. That’s why I quoted them,

You said "consistent price falls" though?

Not the same thing is it?

[Sway]

Throttlebody said:

Sway said:

Throttlebody said:

Sway said:

You are aware that reduced YoY growth is still growth, not falling prices?

Indeed, the very first title on the Nationwide release is:



Stop lying. House prices aren't seeing "3 months consistent price falls".

No lies. Annual house price is falling monthly. It’s actually in your quote.

You really are incredibly special.

It even says that house prices rose month on month, and that the average house price is at a record high.

So I've revised my position, you're not lying - just incredibly thick.

I sense you’re very personally invested in high UK property prices.

Let’s say it’s a cooling market. Sounds much more comfortable. I wonder how cool it has to switch to declining, decreasing, dropping. Maybe -273 deg C. Absolute zero baby.

Let’s see what Nationwide comes out with for Jun.

No, I'm not. My house is my home.

I'm 'invested' in reality, not your fantasy land.

Are you finally accepting that house prices have grown month on month, exactly opposite to your claims?

[monthou]

Throttlebody said:

monthou said:

Throttlebody said:

I’m factually correct, you just have to be careful with your words.

Is average house price going up or down?
It's not a trick question.

Annual average house price growth is going down. Last 3 months have been consistent falls. That’s why I quoted them,

So prices are going up.