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Debate House Prices
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In full swing
Comments
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mr.broderick wrote: »Can't see 40% being realised gorgeous, 15 % tops in my opinion.
-15% from peak by this time next year more like, and it will keep going.
of course it's going to vary from location to location and property to property.It's a health benefit ...0 -
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mr.broderick wrote: »Think the pent up demand will ejaculate at about 15%
Demand means nothing if people don't have or can't get the finance in place to buy at sellers' asking prices.
Have you read anything about the mortgage famine and banks valuing property downwards for lending purposes? You think the lenders will suddenly come back with great lending deals for the masses when prices fall 15% ? :rotfl:0 -
Demand means nothing if people don't have or can't get the finance in place to buy at sellers' asking prices.
Have you read anything about the mortgage famine and banks valuing property downwards for lending purposes? You think the lenders will suddenly come back with great lending deals for the masses when prices fall 15% ? :rotfl:
yes
.. 0 -
mr.broderick wrote: »Didn't you mention somthing about averages last night?
it's late, I'm tired so I can't be bothered
but one day I'll give you a lesson in remedial maths, and that will make your forum browsing a much happier experience, as you won't be so confused.It's a health benefit ...0 -
it's late, I'm tired so I can't be bothered
but one day I'll give you a lesson in remedial maths, and that will make your forum browsing a much happier experience, as you won't be so confused.
Yeah it's been a long time since i did a level maths then statistics and calculus at university if you ever want to talk fermat and descartes i'll be here to chat moomoo, don't get my confusion...confused...with yours my friend.0 -
As prices fall, more and more people will struggle. This will lead to more repossessions and more losses for the financial institutions. As losses rise, new mortgage lending will almost dry up altogether.
I'm hoping it is just 40% from peak to minimise the damage to people's lives.
As an aside, in a rising market, everybody has the opportunity to make money. A falling market strongly favours the rich. The poor with green eyes will be less able to buy despite prices falling but they will 'enjoy' higher rents.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Does that house come with green shoots in the garden Pickles?0
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