Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

sabretoothtigger

Its only going to be 150 if inflation gets near 10% Extreme events required for that price, is demand going to increase 500% or supply drop that much.
Its unlikely, so to say that price will change by that much you are commentating on dollar worth decreasing by a considerable amount which equates to a generational world event

blisk3

Housing market 'under pressure'

House prices and sales are still under pressure, surveys have suggested.

The government's own house price survey says UK prices fell by 1.1% in April to leave them 0.3% down on a year ago.

A survey of chartered surveyors said that potential buyers were still being put off by economic worries and continued mortgage rationing.

And despite a rise in mortgage borrowing in April, the Council of Mortgage Lenders (CML) said lending was unlikely to rise further this year.

AndyGuil

http://online.wsj.com/article/SB10001424052702303714704576383701205731450.html
Sellers increase and buyers decrease pushing house prices down.

Ponyo

Conrad wrote: »

Not relevant to the bulk of England right now.

Look I always thought my Irish clients were incredible optimists and admired thier capacity for risk. With hindsight it seems all that peer group optimism went too far. I dealt with Ryan Air pilots who bought houses on a whim in a very casual manner which was quite different from my experience with the average non Irish investor.

NI prices were just bound to take a massive hit. The economy was far too reliant on construction.

Just come back from Ireland North and South. There are huge developments half built just abandoned. That`s not to mention all the old houses that are empty.

Still there is huge real unemployment, but the same as the UK the figures are fudged.

But over the water they get more benefits, there are so many families not working getting money every week more than most working families in the UK.

The we bail them out with millions of tax payer pounds.

blisk3

and on it goes

House prices continue to decline

RenovationMan

blisk3 wrote: »

Yes, buy silver.

sabretoothtigger

His quote was from 1st June to be fair, its not dropped so much since then. 1 sovereign is 1 pound is a gold coin so its not much different to storing in cash which for an entire house worth is not really wise

tara747

blisk3 wrote: »

and on it goes

House prices continue to decline

But... that can't be true! The bulls say that prices are rising! :rotfl:

Pimperne1

tara747 wrote: »

But... that can't be true! The bulls say that prices are rising! :rotfl:

Land Registry, great though it is, is a bit laggy with its data (this used to be the refrain of the bears now its the bulls who get to use it). Honestly though, do you know what the Non Seasonally Adjusted figures are (I anticipate that they are positive but not sure how to find out)?

blisk3

House sellers 'cut asking price'

Property 'stalemate' continues