Nationwide's House Price Index December 2018

[Martin@AS Financial]

Happy new year all.

Key points:

- Annual house price growth slows to its weakest pace since February 2013

- Prices fell 0.7% in the month of December, after taking account of seasonal factors

- Outer Metropolitan and London regions both recorded small house price declines in 2018

Full report here:

https://www.nationwide.co.uk/-/media...ec_Q4_2018.pdf

[AtW]

Use DOOM™ in thread titles to get more responses

[DimPrawn]

No one wants cheap housing, this is clearly a fooking disaster!

[scooterscot]

Doom - glad I cashed in the Edinburgh place. Tax free too

[scooterscot]

Just wait for it, there'll be a reset. The BoE will either devaluate the currency by at least half, allowing an increase in wages to match the golden 3x ratio of houses, or they'll be a massive crash in asset prices. I reckon the latter, as it was money printing that pushed up prices, this time a money squeeze will destroy asset prices.

[jamesbrown]

it was money printing that pushed up prices, this time a money squeeze will destroy asset prices.

Oh, brilliant analysis, Sherlock.

I'd say you're completely safe from all financial scams with that level of intuition.

[scooterscot]

There's nothing brilliant about it. If anything it angers me. Central banks printed money robbing you of your wealth. You've now spent money you've never had increasing debt to levels never seen since the late 1930's. The only outcome is a squeeze on credit. This time it'll be much greater than that experienced in 2008. Much greater. Asset prices will be shrunk, and you wealth restored? I think not. Gold is a good way to protect yourself against the reset. Timing when it happens, no one can do.