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UK Property to HALVE Between Now and July 29, 2010

geoffky
geoffky Posts: 6,835 Forumite
in Debate House Prices & the Economy
THIS article is very very bearish.... and its from moneyweek who are respected.


[FONT=Georgia, Times New Roman, Times, serif]Don’t buy into the property rally, reader. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]It’s for SUCKERS. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]You have a right to be skeptical. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Nationwide reported that May house prices rose by 1.2%. Halifax claimed a rise of 2.6% for the same month. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]The Bank of England confirmed that new mortgage approvals (often a good forward indicator) climbed 8% during April to 43,201, their highest level for almost a year. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]So do the property optimists seem to have a point? [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]In a word: NO.[/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Dig below the surface, and the outlook is far worse than most in the mainstream press are willing to let on. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]There are five rock-solid reasons why we think residential property will halve between now and July 29, 2009: [/FONT]

http://www.fsponline-recommends.co.uk/page.aspx?u=mwkrally1&tc=EMYKK703&PromotionID=2147066252&u=857928&g=0&o=75290&l=170361&
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
«134567…27

Comments

  • thriftybabe
    thriftybabe Posts: 689 Forumite
    geoffky wrote: »
    THIS article is very very bearish.... and its from moneyweek who are respected.


    [FONT=Georgia, Times New Roman, Times, serif]Don’t buy into the property rally, reader. [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]It’s for SUCKERS. [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]You have a right to be skeptical. [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]Nationwide reported that May house prices rose by 1.2%. Halifax claimed a rise of 2.6% for the same month. [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]The Bank of England confirmed that new mortgage approvals (often a good forward indicator) climbed 8% during April to 43,201, their highest level for almost a year. [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]So do the property optimists seem to have a point? [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]In a word: NO.[/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]Dig below the surface, and the outlook is far worse than most in the mainstream press are willing to let on. [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]There are five rock-solid reasons why we think residential property will halve between now and July 29, 2009: [/FONT]

    http://www.fsponline-recommends.co.uk/page.aspx?u=mwkrally1&tc=EMYKK703&PromotionID=2147066252&u=857928&g=0&o=75290&l=170361&

    Oh cr*p! I was starting to feel a bit more positive today! My OH has told me to stop coming on to the forum as I get to depressed! Cant stop as it was you guys that stopped me from buying a buy-to-let in December 07!
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Moneyweek and respected until i got to sKeptical,and July 29th 2009,come Geoff find some better dirt to dig.
    Official MR B fan club,dont go............................
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    that's an impressive site geoffrey - you keep on reading that garbage and don't forget to pay for your subscription!

    here are some quality articles from them
    http://www.fsponline-recommends.co.uk/page.aspx?u=mwkbbendo&tc=EMWKD512&PromotionID=2147065614

    https://www.f-s-p-secure.co.uk/fsp/ap_orderform_1.aspx?PromotionID=2147066203&tc=WZURK613&u=bluechiplandlord&ofid=2350
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    geoffky wrote: »
    THIS article is very very bearish.... and its from moneyweek who are respected.

    Didn't get past that line :rotfl:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • adrian_bond
    adrian_bond Posts: 164 Forumite
    I sincerley hope this is bollox!
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Is sandwich boards part of the uniform now at Moneyweek? ;)
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • kennyboy66_2
    kennyboy66_2 Posts: 2,598 Forumite
    geoffky wrote: »
    THIS article is very very bearish.... and its from moneyweek who are respected.


    [FONT=Georgia, Times New Roman, Times, serif]Don’t buy into the property rally, reader. [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]It’s for SUCKERS. [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]You have a right to be skeptical. [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]Nationwide reported that May house prices rose by 1.2%. Halifax claimed a rise of 2.6% for the same month. [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]The Bank of England confirmed that new mortgage approvals (often a good forward indicator) climbed 8% during April to 43,201, their highest level for almost a year. [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]So do the property optimists seem to have a point? [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]In a word: NO.[/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]Dig below the surface, and the outlook is far worse than most in the mainstream press are willing to let on. [/FONT]
    [FONT=Georgia, Times New Roman, Times, serif]There are five rock-solid reasons why we think residential property will halve between now and July 29, 2009: [/FONT]

    http://www.fsponline-recommends.co.uk/page.aspx?u=mwkrally1&tc=EMYKK703&PromotionID=2147066252&u=857928&g=0&o=75290&l=170361&


    Do you ever stop to question how we will get asset prices crashing AND hyper-inflation at the same time.

    Moneyweek - specialists in telling the gullible what they want to hear.

    Still there are always enough people stupid enough to listen to "The end is nigh" and want to have their own warped views re-inforced (and pay a subcription of course!)

    Keeping buying the tin hats.
    US housing: it's not a bubble

     Moneyweek, December 2005
  • kennyboy66_2
    kennyboy66_2 Posts: 2,598 Forumite
    StevieJ wrote: »
    Didn't get past that line :rotfl:

    Almost as good as "This guy has been right about most things in the past".




    "US Housing - its not a bubble"
    US housing: it's not a bubble

     Moneyweek, December 2005
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    adrian_bond wrote: »
    I sincerley hope this is bollox!

    Check the date in the article.
    Official MR B fan club,dont go............................
  • geoffky
    geoffky Posts: 6,835 Forumite
    Ignore them as you wish..even i think they are way out but if you do not take time to read articles that go against what you agree with you will end up like many on here who denied the house price crash weeks before it happened.. Most have disappeared with their user names changed due to their shortsightedness.
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
This discussion has been closed.
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