Cost of living squeeze in 2022

[monthou]

Throttlebody said:

Sway said:

Throttlebody said:

Consistent falls in the monthly price data are significantly reducing the annual growth. Easy to grasp.

Yet completely wrong...

There are no 'falls in the monthly price data' - monthly pricing has increased month on month.

Dunning-kruger was written for you.

You need a course on averages.

Are house prices going up or coming down?

It's still not a trick question.

[monthou]

tannhauser said:

monthou said:

tannhauser said:

Because price rises of essential commodities are a good thing it seems?

You're confused. Or perverse. Or possibly both.
There's a difference between pointing out Throttlebody's rubbish about prices falling and saying rising prices are a good thing.

But most non-thinkers reckon house price rises are a good thing.

Based on?

[nickfrog]

Throttlebody said:

It’s easy to see why people get so triggered with a property price correction, they’ve built their financial futures around it.

I don't think a good investor would put everything in one asset class like cash or residential property.

If you have a balanced and diversified portfolio then by definition, that's how you mitigate risk, particularly on retirement and in a downturn. It gives you options.

I am also pretty sure that home owners use their house to live in. I certainly would hate to be out of the property market and miss out on the past 25 years of growth or even 5 years for that matter. Even a 20% drop would put things back to 2020 I assume, not a big deal.

[Sway]

Throttlebody said:

Sway said:

Throttlebody said:

Consistent falls in the monthly price data are significantly reducing the annual growth. Easy to grasp.

Yet completely wrong...

There are no 'falls in the monthly price data' - monthly pricing has increased month on month.

Dunning-kruger was written for you.

You need a course on averages.

No, I don't.

Not when the average house price has increased month on month for several months as very clearly stated by Nationwide.

Keep on though, this level of absolute ignorance backed up by absolute confidence is hilarious to witness as you make predictions and assertions galore.

No one could undermine your arguments better than you are doing.

[tannhauser]

nickfrog said:

Throttlebody said:

It’s easy to see why people get so triggered with a property price correction, they’ve built their financial futures around it.

I don't think a good investor would put everything in one asset class like cash or residential property.

If you have a balanced and diversified portfolio then by definition, that's how you mitigate risk, particularly on retirement and in a downturn. It gives you options.

I am also pretty sure that home owners use their house to live in. I certainly would hate to be out of the property market and miss out on the past 25 years of growth or even 5 years for that matter. Even a 20% drop would put things back to 2020 I assume, not a big deal.

Which is why we need a 50% drop, ideally.

[Deep Thought]

tannhauser said:

nickfrog said:

Throttlebody said:

It’s easy to see why people get so triggered with a property price correction, they’ve built their financial futures around it.

I don't think a good investor would put everything in one asset class like cash or residential property.

If you have a balanced and diversified portfolio then by definition, that's how you mitigate risk, particularly on retirement and in a downturn. It gives you options.

I am also pretty sure that home owners use their house to live in. I certainly would hate to be out of the property market and miss out on the past 25 years of growth or even 5 years for that matter. Even a 20% drop would put things back to 2020 I assume, not a big deal.

Which is why we need a 50% drop, ideally.

Ideally for who? You?

[tannhauser]

Deep Thought said:

tannhauser said:

nickfrog said:

Throttlebody said:

It’s easy to see why people get so triggered with a property price correction, they’ve built their financial futures around it.

I don't think a good investor would put everything in one asset class like cash or residential property.

If you have a balanced and diversified portfolio then by definition, that's how you mitigate risk, particularly on retirement and in a downturn. It gives you options.

I am also pretty sure that home owners use their house to live in. I certainly would hate to be out of the property market and miss out on the past 25 years of growth or even 5 years for that matter. Even a 20% drop would put things back to 2020 I assume, not a big deal.

Which is why we need a 50% drop, ideally.

Ideally for who? You?

For many people, especially the young. For the country as a whole.

[richardxjr]

tannhauser said:

Deep Thought said:

tannhauser said:

nickfrog said:

Throttlebody said:

It’s easy to see why people get so triggered with a property price correction, they’ve built their financial futures around it.

I don't think a good investor would put everything in one asset class like cash or residential property.

If you have a balanced and diversified portfolio then by definition, that's how you mitigate risk, particularly on retirement and in a downturn. It gives you options.

I am also pretty sure that home owners use their house to live in. I certainly would hate to be out of the property market and miss out on the past 25 years of growth or even 5 years for that matter. Even a 20% drop would put things back to 2020 I assume, not a big deal.

Which is why we need a 50% drop, ideally.

Ideally for who? You?

For many people, especially the young. For the country as a whole.

You can buy a house for 50% less, easy.

You might just have to move away.

[Sway]

tannhauser said:

For many people, especially the young. For the country as a whole.

Except that's just not the case at all, is it?

As you know, because I wrote out a long post citing owner/occupier rates, etc., to which you played all coy then disappeared for a while before coming back and regurgitating the same poorly thought out rubbish due to beliefs that don't stack up to the data at all.

There is no scenario by which if property prices fall as you're desiring, that your stated aims of such a fall can come about - and we've loads of precedent to fall back on to prove that.

[oyster]

tannhauser said:

nickfrog said:

Throttlebody said:

It’s easy to see why people get so triggered with a property price correction, they’ve built their financial futures around it.

I don't think a good investor would put everything in one asset class like cash or residential property.

If you have a balanced and diversified portfolio then by definition, that's how you mitigate risk, particularly on retirement and in a downturn. It gives you options.

I am also pretty sure that home owners use their house to live in. I certainly would hate to be out of the property market and miss out on the past 25 years of growth or even 5 years for that matter. Even a 20% drop would put things back to 2020 I assume, not a big deal.

Which is why we need a 50% drop, ideally.

There'd be huge economic contraction as a result, millions of jobs would be lost.
Jobs of young people, the very people you're suggesting you want to be helped. And those young people who have already bought would be in dire straights too.

And it wouldn't sustain, it would prompt a buyback just as happened after the correction in 2008/09 and prices would resume an even faster upward spiral. Guess who would benefit? Yep that's it - cash-rich retirees.

A slow drip-drip of year-on-year flatlining would be the best outcome for the young.

Might not suit you personally, but as you say it's not about you is it?

[tannhauser]

I don’t care whatever any of you say. Proper prices are way out of whack and artificially inflated based on funny money. There has to be redress.

[Throttlebody]

Sway said:

Throttlebody said:

Sway said:

Throttlebody said:

Consistent falls in the monthly price data are significantly reducing the annual growth. Easy to grasp.

Yet completely wrong...

There are no 'falls in the monthly price data' - monthly pricing has increased month on month.

Dunning-kruger was written for you.

You need a course on averages.

No, I don't.

Not when the average house price has increased month on month for several months as very clearly stated by Nationwide.

Keep on though, this level of absolute ignorance backed up by absolute confidence is hilarious to witness as you make predictions and assertions galore.

No one could undermine your arguments better than you are doing.

Nationwide figures for annual % average are falling.

Repeat of my original post:

Mar 14.3%, Apr 12.1%, May 11.2%.

[Shnozz]

oyster said:

tannhauser said:

nickfrog said:

Throttlebody said:

It’s easy to see why people get so triggered with a property price correction, they’ve built their financial futures around it.

I don't think a good investor would put everything in one asset class like cash or residential property.

If you have a balanced and diversified portfolio then by definition, that's how you mitigate risk, particularly on retirement and in a downturn. It gives you options.

I am also pretty sure that home owners use their house to live in. I certainly would hate to be out of the property market and miss out on the past 25 years of growth or even 5 years for that matter. Even a 20% drop would put things back to 2020 I assume, not a big deal.

Which is why we need a 50% drop, ideally.

There'd be huge economic contraction as a result, millions of jobs would be lost.
Jobs of young people, the very people you're suggesting you want to be helped. And those young people who have already bought would be in dire straights too.

And it wouldn't sustain, it would prompt a buyback just as happened after the correction in 2008/09 and prices would resume an even faster upward spiral. Guess who would benefit? Yep that's it - cash-rich retirees.

A slow drip-drip of year-on-year flatlining would be the best outcome for the young.

Might not suit you personally, but as you say it's not about you is it?

For many people, its hard to avoid a degree of financial future having a relationship to property given how much investment there is in either direct residential and commercial property or the massive array of service industries in that field.

Far less simple than a personal ownership of a property and a BTL or two.

[Deep Thought]

Throttlebody said:

Nationwide figures for annual % average are falling.

Repeat of my original post:

Mar 14.3%, Apr 12.1%, May 11.2%.

You keep missing the key word - "rise".

"Nationwide figures for annual % average rise are falling."

Still the highest they have ever been and still continuing to rise.

You'd at least recover a modicum of respect if you just admitted that, rather than dance around it with vague wording - though that is your modus operandi after all. You do it time and time again when you're called out on something. Literally cant admit you're wrong.

[Deep Thought]

tannhauser said:

I don’t care whatever any of you say. Proper prices are way out of whack and artificially inflated based on funny money. There has to be redress.

Why has there to be?

So you can get the house you want? Maybe look at improving your own outlook rather than wishing for a housing market collapse which isnt going to happen.

[kiethton]

Throttlebody said:

Sway said:

Throttlebody said:

Consistent falls in the monthly price data are significantly reducing the annual growth. Easy to grasp.

Yet completely wrong...

There are no 'falls in the monthly price data' - monthly pricing has increased month on month.

Dunning-kruger was written for you.

You need a course on averages.

Sorry TB but you're getting confused

Index homepage is here - https://www.nationwidehousepriceindex.co.uk/report... - "House prices post tenth successive monthly increase in May"

The yoy rate of growth is slowing - but is still positive.

Take an example - for 12 months house prices have increased by 1% (+12.7% yoy growth). They then increase by 0.5%. Although you have a monthly increase of 0.5% the yoy growth falls to 12.1%. Values are still increasing but the annualised rate of growth is lower. This is whats happening.

[Sway]

Throttlebody said:

Sway said:

Throttlebody said:

Sway said:

Throttlebody said:

Consistent falls in the monthly price data are significantly reducing the annual growth. Easy to grasp.

Yet completely wrong...

There are no 'falls in the monthly price data' - monthly pricing has increased month on month.

Dunning-kruger was written for you.

You need a course on averages.

No, I don't.

Not when the average house price has increased month on month for several months as very clearly stated by Nationwide.

Keep on though, this level of absolute ignorance backed up by absolute confidence is hilarious to witness as you make predictions and assertions galore.

No one could undermine your arguments better than you are doing.

Nationwide figures for annual % average are falling.

Repeat of my original post:

Mar 14.3%, Apr 12.1%, May 11.2%.

No, they're not. I'm reading the actual Nationwide report.

Nationwide figures for annualised growth are falling - but house prices are still growing every month, and have been for a long time.

You are writing nonsense.

"annual % average" is genuinely meaningless as a term.

[Throttlebody]

Sway said:

No, they're not. I'm reading the actual Nationwide report.

Nationwide figures for annualised growth are falling - but house prices are still growing every month, and have been for a long time.

You are writing nonsense.

"annual % average" is genuinely meaningless as a term.

Nationwide use: Annual Change (%). A rolling average. Falling in the last 3 months. As per my OP.

[Throttlebody]

Deep Thought said:

Throttlebody said:

Nationwide figures for annual % average are falling.

Repeat of my original post:

Mar 14.3%, Apr 12.1%, May 11.2%.

You keep missing the key word - "rise".

"Nationwide figures for annual % average rise are falling."

Still the highest they have ever been and still continuing to rise.

You'd at least recover a modicum of respect if you just admitted that, rather than dance around it with vague wording - though that is your modus operandi after all. You do it time and time again when you're called out on something. Literally cant admit you're wrong.

Nothing was missed.

[Sway]

Throttlebody said:

Sway said:

No, they're not. I'm reading the actual Nationwide report.

Nationwide figures for annualised growth are falling - but house prices are still growing every month, and have been for a long time.

You are writing nonsense.

"annual % average" is genuinely meaningless as a term.

Nationwide use: Annual Change (%). A rolling average. Falling in the last 3 months. As per my OP.

And those different words actually make it make sense.

Except, that's not your OP at all - which claimed falling prices not slowing growth in price increases.