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Debate House Prices
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Capital Economics expects a 35 per cent nominal fall and a 41 per cent decline in rea
harbinger13
Posts: 138 Forumite
FT Home
- > In depth
- > UK house prices
http://www.ft.com/cms/s/1/d01b1e90-74da-11dd-ab30-0000779fd18c,dwp_uuid=b323d604-11d6-11dd-9b49-0000779fd2ac.html
A snippet - you are welcome to read more
"Today’s more subdued inflation means the pain will be channelled through observable falls in nominal prices – with commensurately larger wealth effects on the economy. Capital Economics expects a 35 per cent nominal fall and a 41 per cent decline in real prices by the end of 2010."
Also discussed here - http://forums.moneysavingexpert.com/showthread.html?t=1124945
Recession - if you are forced to drink beer at your home.
Depression - if you have no beer to drink at all!
I don't see any of the above - so where is it (recession)?
Depression - if you have no beer to drink at all!
I don't see any of the above - so where is it (recession)?
0
Comments
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harbinger13 wrote: »
FT Home- > In depth
- > UK house prices
http://www.ft.com/cms/s/1/d01b1e90-74da-11dd-ab30-0000779fd18c,dwp_uuid=b323d604-11d6-11dd-9b49-0000779fd2ac.html
A snippet - you are welcome to read more
"Today’s more subdued inflation means the pain will be channelled through observable falls in nominal prices – with commensurately larger wealth effects on the economy. Capital Economics expects a 35 per cent nominal fall and a 41 per cent decline in real prices by the end of 2010."
If true, this will create a massive scramble for Buy to let, slugging it out with FTBs and ignite an even more massive bubble. Fortunately, I doubt it will come to pass.18 May 2007 (start of Mortgage):
Coventry Offset Mortgage £220800
Offset Savings: £0
Mortgage Balance: £220,800
14 Jan 08
Coventry Offest Mortgage: 219002
Offset Savings: 28200
Mortage Balance: £190802
And still chucking every spare penny into it!0 -
I thought that link had a familiar look to it .. :rolleyes:
http://forums.moneysavingexpert.com/showthread.html?t=11249450 -
I thought that link had a familiar look to it .. :rolleyes:
http://forums.moneysavingexpert.com/showthread.html?t=1124945
Sorry I had not seen this post before. Thanks for letting me know.Recession - if you are forced to drink beer at your home.
Depression - if you have no beer to drink at all!
I don't see any of the above - so where is it (recession)?0 -
HammersFan wrote: »If true, this will create a massive scramble for Buy to let, slugging it out with FTBs and ignite an even more massive bubble. Fortunately, I doubt it will come to pass.
Only if BTLers have big deposits saved too. They're not going to be able to MEW their existing properties if they're in negative equity!
:money:0 -
Q. Why do economists make predictions?
A. To make weathermen look good."Brevity is the soul of wit and it is also the essence of effective communication" Rush Limbaugh.0 -
hey no problem !... Repetition for emphasis as they say :Tharbinger13 wrote: »Sorry I had not seen this post before. Thanks for letting me know.0 -
You don't need to have any economics qualifications to see that house prices are only going one way from herein, DOWN!!Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
ad44downey wrote: »You don't need to have any economics qualifications to see that house prices are only going one way from herein, DOWN!!
Forever?
It's all, very wll talking it down, but is it saying we are nearly halfway to the bottom already?0 -
Only if BTLers have big deposits saved too. They're not going to be able to MEW their existing properties if they're in negative equity!
:money:
I think you will be suprised by how many are established operators in the market who have ready cash and squeaky clean credit histories. Many remain in a stronger position that FTB'ers.18 May 2007 (start of Mortgage):
Coventry Offset Mortgage £220800
Offset Savings: £0
Mortgage Balance: £220,800
14 Jan 08
Coventry Offest Mortgage: 219002
Offset Savings: 28200
Mortage Balance: £190802
And still chucking every spare penny into it!0 -
I agree mate look at that guy down south did he not sell a £1.5BN (can't remember just a gusess) property empire last year. Do people think he is not going to come back into the market!HammersFan wrote: »I think you will be suprised by how many are established operators in the market who have ready cash and squeaky clean credit histories. Many remain in a stronger position that FTB'ers.0
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