House prices 'see first double-digit fall'

Degenerate

carolt wrote: »

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

Nope, the goalposts are exactly where they always were - targeting 2% CPI. You simply failed to conceive what that could mean for monetary policy during a deflationary credit contraction.

Exocet

Degenerate wrote: »

You simply failed to conceive what that could mean for monetary policy during a deflationary credit contraction.

Can I just say that I fail to conceive it as well. Might as well be in Dutch.

Exocet

StiflersMom wrote: »

Indeed - most bears do tend to exhibit a very weak understanding of economics

Are they not just one side of a coin, with bulls on the other side? I thought that was how markets worked?

carolt

StiflersMom wrote: »

"Round my way" (seems to be the place that most bears live, btw) prices are already above 2007 levels. I am up about 12% on the year - so glad that I bought last Spring, rather than continuing on to rent, as so many advised on here

:beer:

So where do you live, then, StiflersMom?

It wouldn't happen to be anywhere near where a certain Harry Powell claimed to have bought at about the same time?

Or where a certain Dithering Dad used to claim to own?

Just wondering.

Obviously, you're going to give us proof of the fact that your house price has gone up 12% in a year...

FATBALLZ

StiflersMom wrote: »

Pity you didn't buy then, like I did this time 12 months ago !!!!

:rotfl:

Still - not to worry, the next house price crash is due just after 2020. My advice would be not for you to miss the boat again...

:T

Serious question - in today's money, what do you expect house prices to be in 2020?

Batchy

The fact is everyone is right and everyone is wrong historically, the last 3 years gains are gone, fact, the fact house prices in 25 years time will be worth more than they are now, I can't imagine anyone would disagree... no one can predict the future past 6th May as no one knows who will get in... if with a majority or not, with power, or not, with support to pass law... or not. With nukes ... or not...

If its GB then more of the same and god knows what will be in store for the UK for the future.

Im sure with the Merv Kings comments about the impending austerity cuts no matter who is in power... it doesn't make for pleasant reading, and with big cuts in public services pretty much no matter who is in power we are not in for a pleasant ride, GB wanted to call an election earlier but realised he'd left it too long he has been susidising the bubble for election purposes for so long, the correction is going to be HARD, on everyone.

I remember Merv saying banks and institutions are not taking RISK or pricing it seriously (can't remember the exact words) but that was back in 2006... boy ... wasn't he just about spot on... he made the warnings then, and he was right, and he's just made the warnings again... and i'd give it 6-12months before he is right again!... And soon he will have POWER, to stop it happening again... which is great as all ive ever wanted is a bubble free environment. (never going to happen, but this helps)

Harry_Powell

carolt wrote: »

So where do you live, then, StiflersMom?

It wouldn't happen to be anywhere near where a certain Harry Powell claimed to have bought at about the same time?

Or where a certain Dithering Dad used to claim to own?

Just wondering.

Obviously, you're going to give us proof of the fact that your house price has gone up 12% in a year...

I don't know why you're dragging me into all this carolt.

For the record, I had an offer accepted in August 2009 on a house that first came onto the market in Feb of that year. I bought in Hayes and have, according to the land registry, seen 12% gains from trough in my area (outer london). I dunno if that is reflected in EA prices as I stopped looking once I bought my home. The whole house purchase process was documented in 'real-time' on here if you cared to look (it was my first purchase so I asked a lot of questions on the housing board). If you're now saying that I'm using hind-sight to state that I bought at the bottom, then you're completely wrong. Not an unusual position for you to be in though from your earlier posts.

I believe that Dithering Dad lives up north somewhere (can someone confirm this? I may be mistaken).

Conrad

Carolt - I did that thread early in 2009 asking why you guys weren't following the mantra of warren buffet to 'buy when no one else is' and got the usual response.

At the time I kept saying the bears would miss the bottom as they want all the 'evidence' to be in place that the recession was over, but of course by then many people would have already taken the plunge and forced up prices.

As I've said all along, put down the stats and charts, and think like an ordinary jo blow if you want to time the markets well.

Harry_Powell

carolt wrote: »

Sad for anyone who risked all at the peak, obviously, but then no-one 'made' them buy......

Sad now for those who [would have] risked nothing to buy at the trough, obviously, but then no-one 'made' them wait......

Also Sad that some of them pour scorn onto those who weren't afraid to buy.

wintersunshine

Originally Posted by carolt


Fantastic news for all us FTB's who have been waiting patiently! :j



Sad for anyone who risked all at the peak, obviously, but then no-one 'made' them buy.....

Oh my - is this really "a nice person"......