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Predicting drops now 'futile' ...
wymondham
Posts: 6,356 Forumite
CML announce it's futile to predict short term drops:
http://news.bbc.co.uk/1/hi/business/7632207.stm
http://news.bbc.co.uk/1/hi/business/7632207.stm
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Comments
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"Our May prediction of a 7% correction now looks wide of the mark, but trying to update that is now futile," said Bernard Clarke of the CML.
That's quite a huge statement if you think about it.
"We can't even begin to predict any more just how bad this could get".Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
"We don't want to set off a panic in the housing market by telling you what we really think.
And if we tell you the usual tepid nonsense we'll have lost all credibility in six months time."0 -
A safe prediction is that prices are going to go DOWN, DOWN, DOWN0
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"At the start of 2007 many experts were forecasting that prices this year would stabilise or possibly rise very slightly."
Weren't Nationwide and HBOS predicting this at the start of 2008?
As its looking like a real life drop of around Ooooo (puts wet finger in the air) 18% this year, its looking a bit grim for some people.
Freedom is not worth having if it does not include the freedom to make mistakes.0 -
50% :whistle:
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What by Christmas?
Hardly.
Not unless Russia invades.Freedom is not worth having if it does not include the freedom to make mistakes.0 -
Lotus-eater wrote: »What by Christmas? Hardly.
Not unless Russia invades.
Invades? - they don't need to - just turn off the gas! :rotfl:0 -
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I have been with 50% for years, however I am now starting to change my mind after listerning to many independant economists. They are talking of 60-70% falls taking into count overcorrection. This view is increasingly being stated over the last couple of months and again yesterday at the end of the comodity watch radio podcast.
http://www.minesite.com/webcasts/commodity_watch_radio.html:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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We're safe. You only invade somewhere when there's something worth taking...Lotus-eater wrote: »:doh: Of course..................... and then they invade?0
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