House prices 'see first double-digit fall'

carolt

Like I said, post after the election, when all the support to the market is pulled away, and see what happens then.

HAMISH_MCTAVISH

carolt wrote: »

BTW, glad to se your Saturday night was spent fruitfully trawling my posts from 2 years ago...

Umm, that was posted at 9:30 am this morning.....:D

Is "accuracy" a word that is in your vocabulary carol?

HAMISH_MCTAVISH

carolt wrote: »

Like I said, post after the election, when all the support to the market is pulled away, and see what happens then.

*Yawn*

King: Interest rates to stay low for years.

Cameron: We'll cut the deficit to keep interest rates low.

etc etc etc

And in the debates, when challenged about house prices, every single one of the leaders promoted shared ownership as the solution.

CEBR is now forecasting prices to rise by 30% from trough by 2012.......

At what point will you be admitting you're wrong carol?

Will you wait for house prices to cross previous peak?

Or previous peak + 10%, +20%, +30% etc.....

I'm sure we're all curious ......

chucky

Cannon_Fodder wrote: »

I thought we were on the upturn?
I thought the crunch was ending?
I thought repossessions don't matter, thats why they are stripped out of stats as being counter-indicative of the true state of the market - but 17%, ouch!
I thought the US was coming out of it, and we were lagging a couple of
years behind.


But EAs and MAs keep prattling on about minor blip, correction, slowdown, upturn, recovery,....blah, blah.


maybe there will be a minor miracle, and in three months it'll level off at the bottom and then slowly go back upwards. Iran could cease to exist and cause Oil to go through the floor, so allowing interest rates down as inflation disappeared, or some such unforeseeable event...

It would be a cast-iron muppet who could not acknowledge that such a possibility even exists. But that cuts both ways.

The worst case scenario downwards, COULD be reality. It is "possible".

Somewhere in-between is more likely.


"£70k mortgage would get them a property worth around £74k - assuming they have a 5% deposit. :rotfl: Yes, that's going to get them a place that they really want on the property ladder......."

- you've just made the opposite argument, perfectly...PRECISELY because no-one would want to but a property that is £74K, at current/recent prices, because of what it is or where it must be, to be that price, in todays stupid market, is why no-one is buying and waiting for the inevitable correction/slowdown/crash/collapse...now that it has finally arrived, overdue, but necessary.


"Give it 9 months and we will be seeing recovery in the mortgage markets" - but a couple of posts earlier it was all "upturn", "ending", now you want us to wait 9 months...

"less scaremongering" - no-one with a vested interest was playing down the bubble as it expanded over the previous 10 years, why should you avoid the same on the downward part of the cycle?

- all the property shows that influenced people, all the BTLers jumping on Sarah Beeny's bandwagon (ooer), all that was just a figment of our imaginations was it? you campaigned against such inappropriate stoking of the fires, did you?

"what goes around comes around"
"whats sauce for the goose is sauce for the gander"
"like it and lump it"

the irony in your sarcastic reply is brilliant... :rotfl:

i'd give up on trying to call the bottom of the market to buy - you're not very good at understanding the market dynamics :eek:

carolt

HAMISH_MCTAVISH wrote: »

Umm, that was posted at 9:30 am this morning.....:D

Is "accuracy" a word that is in your vocabulary carol?

You bothered to get up early this morning to trawl my back posts...?

That must have been most entertaining for you.

I recommend you do that every morning for the next month.

We might start to see some sense out of you, then.

StevieJ

carolt wrote: »

You bothered to get up early this morning to trawl my back posts...?

That must have been most entertaining for you.

I recommend you do that every morning for the next month.

We might start to see some sense out of you, then.

Ooooops

tomstickland

I had a very good look around the local housing market in November and decided that I'd wait for another 6 months. I had a look on rightmove last week and nothing much had really changed. It was the same houses on the market.

I have thought about selling and renting, but protecting my deposit would be thankless with interest rates so low. That's the price I pay for not joining Gordon's debt bonzana.

It's a waiting game, but shortly the general election will be over and whoever takes power will have to start making the changes required. Then we'll see what happens.

ess0two

carolt wrote: »

Like I said, post after the election, when all the support to the market is pulled away, and see what happens then.

And what next..........only so long you can keep moving the goalposts.

carolt

I have no power to move goalposts - I think you'll find it's the Bank of England that's done that.

Doctor_Gloom

StiflersMom wrote: »

:beer:

:rotfl:

:T

Oh look, the forum's resident intellectual colossus, Nollag is back