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Debate House Prices


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Average House looses £20,000 !!

ultra10
ultra10 Posts: 379 Forumite
in Debate House Prices & the Economy
:eek: In Just FIVE Months ...

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/07/bcnhouse107.xml

Is there really any point in trying to argue we are not in a full blown crash now !!! ...... It is OBVIOUS to all that we are !!! :confused:
«1345

Comments

  • brit1234
    brit1234 Posts: 5,385 Forumite
    £20,000 using the fudged figures, in reality this is even bigger with out the 3 month rounding fix.:D

    50% falls are coming :j

    Shall we all sing along with this historical but strangely relevant song below.:rotfl:
    http://video.google.co.uk/videoplay?docid=-6804536737460598513&ei=ps2aSKSHLoeUjQKy7e3GDw&q=house+price+crash&vt=lf&hl=en
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • amyandjon
    amyandjon Posts: 349 Forumite
    OMG IS THAT FOR REAL :o i ARENT BUYING :s IM TRYING TO SELL :o
    The loans will pay themselves the credit cards need a kicking :money: DFW Long haulers supporter 132!!:T
  • Sir_Humphrey
    Sir_Humphrey Posts: 1,978 Forumite
    But the economist added: "A solid labour market, low interest rates and a shortage of new houses continue to support the market. The labour market is the key driver of the housing market and the number of people in employment is at a record high."

    "Support the market"

    :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:
    Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith
  • brit1234
    brit1234 Posts: 5,385 Forumite
    frazer.jpg
    :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Don't forget this gem:
    http://uk.youtube.com/watch?v=2t8YTvdYXws

    (Madness: Our House)
  • mitchaa
    mitchaa Posts: 4,487 Forumite
    Noooooooooo!!!!!!!!

    What on earth does looses mean:confused:

    Lose and loose are 2 totally different words;)

    The 4 letter word means you have lost something
    The 5 letter word means you are slackening something.

    Sorry, but lose and loose drives me batty:rotfl:
  • Pobby
    Pobby Posts: 5,438 Forumite
    Although it sounds crazy for many families around here a 50% drop would be about right. I guess the same could be said for Wales, N. Ireland, the north west and many other places where wages are often lower.
  • davetrousers
    davetrousers Posts: 5,862 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    amyandjon wrote: »
    IS THAT FOR REAL? I'm not BUYING :s I'M TRYING TO SELL

    What are you going to do do once you have sold?
    .....

  • Austin_Allegro
    Austin_Allegro Posts: 1,462 Forumite
    1,000 Posts Combo Breaker
    But the economist added: "A solid labour market, low interest rates and a shortage of new houses continue to support the market.

    ...if there is such a shortage, why have builders stopped building and buyers stopped buying?

    The labour market is the key driver of the housing market and the number of people in employment is at a record high."

    ...erm, more like the other way around. The housing market has kept the UK economy going for the last decade. Most people in employment aren't in manufacturing or producing anything of any profitable use to the UK, they're just pushing credit, MEW money or tax money around.
    'Never keep up with Joneses. Drag them down to your level. It's cheaper.' Quentin Crisp
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    ultra10 wrote: »
    :eek: In Just FIVE Months ...

    http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/07/bcnhouse107.xml

    Is there really any point in trying to argue we are not in a full blown crash now !!! ...... It is OBVIOUS to all that we are !!! :confused:

    They are just correcting slightly imho, We have received a planning application notice throught the post today, they are building 24 new houses just round the corner, came as quite a surprise.
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