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50% drops by 2011
Comments
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Dithering_Dad wrote: »Well we have had 15% drops, so it it crazy to think that we'll have 80%?
I don't think so...
It's interesting to see the wild panic that an economic downturn is having on some posters. I guess this is the first one they have seen and so anything seems possible.
True.
I just hope some people are not pushed into making very bad decisions by the 'end of the world' rhetoric.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Steve you often quote figures suggesting that prices cant drop this much because houses would be so cheap then.
The fａｃｔ ｉｓ ｉｎ Ｊａｐａｎ ｈｏｕｓｅ ｐｒｉｃｅｓ ｄｉｄ ｄｒｏｐ ８０％， ｐｒｉｃｅｓ ｒｅａｌｌｙ ｗｅｒｅ ８０％ ｃｈｅａｐｅｒ ｂｕｔ ｓｔｉｌｌ ｉｔ ｗａｓｎｔ ｗｏｒｔｈ ｂｕｙｉｎｇ ｂｅｃａｕｓｅ ｒｅｎｔｓ ｄｒｏｐｐｅｄ ｔｈｅ ｓａｍｅ ａｍｏｕｎｔ ｏｒ ｍｏｒｅ．
Ｉ ｃａｎｔ ｗａｉｔ ｔｏ ｑｕｏｔｅ ｓｏｍｅ ｏｆ ｔｈｅ ｔｈｉｎｇｓ ｙｏｕ ｓａｉｄ ｏｎ ｈｅｒｅ ｉｎ ａ ｆｅｗ ｙｅａｒｓ ちめ ：）
What is that?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
ＢＹ ｔｈｅ ｗａｙ， Ｉ ｈａｖｅ ｎｅｖｅｒ ｓｕｇｇｅｓｔｅｄ ｗｅ ｗｉｌｌ ｈａｖｅ ｔｈｅ ｓａｍｅ ８０％ ｄｒｏｐｓ ｉｎ ｔｈｅ ＵＫ．
Ｉ ｈａｖｅ ａｌｗａｙｓ ｓａｉｄ ５０％ ａｖｅｒａｇｅ ａｎｄ Ｉ ｓｔｉｃｋ ｔｏ ｗｈａｔ Ｉ ｓａｉｄ．
Ｓｏｍｅ ａｒｅａｓ ｍａｙ ｓｅｅ ８０％ ｄｒｏｐｓ ｔｏ ｍａｋｅ ｔｈｅ ５０％ ａｖｅｒａｇｅ ｃｏｕｎｔｒｙ ｗｉｄｅ．
Ｉｎ Ｊａｐａｎ ａｃｏｒｄｉｎｇ ｔｏ ｍｏｎｅｙｗｅｅｋ‘ｓ Ｊａｍｅｓ Ｆｕｒｇｕｓｏｎ ｗｈｏ ｋｎｏｗｓ ｈｉｓ ｓｈ＊ｔ （ｕｓｅｄ ｔｏ ｂｅ ａ ｓｔｏｃｋ ｂｒｏｋｅｒ in Tokyo) they had an AVERAGE 80% drop.
Ｓｏ ｐｌｅａｓｅ ｄｏｎｔ ａｃｃｕｓｅ ｍｅ ｏｆ ｓｔａｒｔｉｎｇ ｔｈｅ ８０％ ｃｌｕｂ Ｉ ｊｕｓｔ ｑｕｏｔｅｄ Ｊａｍｅｓ Ｆｕｒｇａｓｏｎ ｆｒｏｍ Ｍｏｎｅｙ ｗｅｅｋ about Japan. I agree with Money week that we are looking at half price average house prices in the UK.0 -
I can only see a load of hieroglyphics.
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Talk like an Egyptian...0
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Garbage in... Garbage out. :rolleyes:Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
お伊代 先生 イ 用 間 レア てぃｓ てぇん用あれどインgうぇ
If your PC can display Japanese text you could see what I said.
I do speak Japanese not quite fluent yet, (I lived in Japan) so I am not full of BS when I say I know about what happened in Japan.
It never ceases to amaze me how many on here feel they know all about it because they read a couple of articles.
I am convinced about certain similarities with what happened in Japan and what will happen in the UK.
Obviously there are differences only a fool would try and say it will be exactly the same. But on the other hand only a fool would dismiss the fact that what we are going through right now is very similar to what happened in Japan.0 -
Obviously there are differences only a fool would try and say it will be exactly the same. But on the other hand only a fool would dismiss the fact that what we are going through right now is very similar to what happened in Japan.
Of course it is deflation - but my understanding was Japan was a beautiful picture of financial health compared to how the UK is now... with trillions of yen in foreign reserves and a profitable advanced manufacturing base, with many companies leaders in new technologies.
We've partied it up with debt fuelled consumption, two ongoing wars, and house prices near trebling over 11 years.0 -
Hahahahahahahaha
I Just translated it, very clever RDB. I like it.
Has anyone else took the trouble to translate it?
ヴぇ ぇヴ だヴィ の じゃめ ボン イsレアレア0
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