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

peakoil_2

those make for nice reading

Occams_Razor_2

blisk wrote: »

Get out while you can.

..........

how did that work out for you?

for a start its a bit pointless comparing all of the UK as one, but even still the observation period is a little amateurish for the conclusions you're try to draw.

Occams_Razor_2

blisk3 wrote: »

House sellers 'cut asking price'

Property 'stalemate' continues

exhibit A:

"Only in London have prices gone up in the past year"

blisk3

Occam/s_Razor wrote: »

how did that work out for you?

for a start its a bit pointless comparing all of the UK as one, but even still the observation period is a little amateurish for the conclusions you're try to draw.

No it's not pointless.

That's what statistics do, they lump masses of individual prices into one figure to average them out, which you can compare.

Observation period of 2-3 years covering period of crash is indicative & relevant.

Occams_Razor_2

blisk3 wrote: »

No it's not pointless.

That's what statistics do, they lump masses of individual prices into one figure to average them out, which you can compare.

Observation period of 2-3 years covering period of crash is indicative & relevant.

really? what quantitative methods class did they tell you that on?

the first task of any statistical measure is to decide to what is the appropropriate measure for what you want to derive a conclusion from.

and no, 2-3 years in period of extreme volatility on a long term real asset class is not appropriate.

shall I ask again, how did this work out for you? have you managed to profit from your projections?

blisk3

Occam/s_Razor wrote: »

really? what quantitative methods class did they tell you that on?

the first task of any statistical measure is to decide to what is the appropropriate measure for what you want to derive a conclusion from.

and no, 2-3 years in period of extreme volatility on a long term real asset class is not appropriate.

shall I ask again, how did this work out for you? have you managed to profit from your projections?

What are you babbling on about ? :rotfl:

Occams_Razor_2

blisk3 wrote: »

What are you babbling on about ? :rotfl:

lol. as I suspected.

NFI

blisk3

Occam/s_Razor wrote: »

lol. as I suspected.

NFI

Did your babbling predict the crash ? :rotfl:

Does your babbling explain the property market ?

blisk3

House price mystery -Sales have slumped, but prices are still high

"The big picture remains the same - for most of the country we have not just a state of collapse in transactions, but prices," Mr Davis says.

"The volume of transactions is very low and is not going to get any better, especially when asking prices are 35-40% above actual selling prices."

He said that in London and the South East transaction numbers had collapsed, and that prices were set to follow.

One great curiosity is the current gap between the prices people demand, and the prices their homes actually sell for, assuming they sell at all.

Rightmove, the estate agency website that claims to advertise 90% of all homes for sale in the UK, says current asking prices across the country average £236,597.

Selling prices, however, are much lower. The average house price is currently £203,528 (DCLG), £168,205 (Nationwide) or £163,049 (Halifax).

Depending on which survey you favour, this gap could be as much as a whopping 45%.

This has all the appearance of a Mexican standoff, where both sides are lined up facing each other but neither wants to shoot first for fear of being shot in return.

Rightmove explains that the price falls of the past few years mean that many people, who would like to sell, cannot afford to drop their prices.

That would crystallise their negative equity, scuppering their plans to trade up or move on.

"More than a million former first-time buyers are prisoners in their own homes - prices are 18% below their 2007 peak when most people were buying with a 95% mortgage," he says.

"Even if they intended to sell they don't have the 20% deposit they now need to put down on the next house."

What about other facts, such as greed and stupidity?

"There is a considerable lack of realism; most vendors have their heads in the sand," Mr Pryor says.

blisk3

'Pessimism' stalks housing market

Negative equity affects 827,000