ziknik

Yes, I agree. I say the Right Move survey is not meaningful every time I comment on it. I do accept it as a useful indicator of sentiment (more so on the way down), but nothing more than that. I’m aware that September/October is a usually an UP month, but we are also seeing YoY gains from 2009 to 2010. This YoY has grown in October when compare to September. As you know, YoY takes out all the normal seasonality so it’s not enough to use seasonals as an excuse to knock down the indicated sentiment. From your table: Sep 2009 £223,996 Sep 2010 £ 229,767 =2.6% YoY Oct 2009 £ 230,184 Oct 2010 £236,849 =2.9% YoY

Rightmove UP 3% today, London UP 5%.

I don't agree. Most people didn't work it out in the 70's. Why is it different this time? 'Real' can be calculated in many ways. C/RPI or gold or M4 or other money/credit supply measure. I'll need the gold prices to work out the real value of 'x'

Yes, you would certainly get a dis-believing-type-reaction from me if you claimed houses would fall 80% in the next couple of years. BUT, I don't completely rule it out. It's not impossible I suppose. However, I think it is less likely than a 30% fall over the next 2/3 years

Yes I agree. A negative RM index shows more than a positive one. Are the Haliwide indexes time shifted on them charts?

I believe* the CML data includes re-mortgaging and therefore it should come as no surprise that people don’t want to re-mortgage on less favourable terms. The headline should read “People not dumb enough to pay more for the same thing”. * I can’t check to be 100% certain atm.

RightMove is the ‘delusion’ index that ignores all the properties which have been on the market for more than 30 days. If you were designing an index of asking prices, would you ignore most of the asking prices? I accept it is an indicator of sentiment but nothing more than that. The Daily Mail is a better indicator of sentiment. In my experience of buying a house last year, a lot of properties did not have a HIP. Now that the HIP law has been pulled, most of these properties are being re-listed as ‘new’. Considering all the price cuts over the past year, this will pull the RightMove index down without any change to the asking prices of ALL the properties on RightMove. I accept your point about the RICS survey. This one is actually a reasonable piece of evidence. BTW, Have you seen my RightMove survey? http://www.greenenergyinvestors.com/index....st&p=183870

Did you get any dividends payments in the 1/2 year(s) you held? http://www.greenenergyinvestors.com/index.php?showtopic=6192

I love the way RightMove is seen as a flawed survey on the way UP and gospel on the way DOWN.

Are Kirsty, Phil & the Location team registered with the FSA to give investment advice? They are clearly dishing out investment advice week after week but I can't find them on the FSA register. Anyone know if they are breaking the law?

Given that they are selling one for a similar price, it makes sense to put in an offer just below stamp duty and allow theirs to sell at the same price. Waiting for a 20% drop will mean theirs will drop 20% too so they’ve not got anything to gain by waiting. Get it over and done with.

No, Wren hasn't been on 24K for nearly 2 months

OFF TOPIC: Does anyone know why/where Wren has gone?

If things stay as they are now, the SLS can probably be closed as a lot of the dodgy assets have increased in price over the last 10 months.

You'd need total panic in the bond market to cause the price of SVR mortgages to go up. Bond prices are normally linked to fixed rate mortgages, rising bond prices lead to rising fixed rate mortgages (for new customers) fairly quickly and directly.