Evening Standard: House prices down £100,000

chucky

GracieP wrote: »

The Standard is hardly the HPC crowd. For years all they've been writing about is how fast house prices have been rising. Even in July this year they were going on about 25% rises by 2013.

http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=448276&in_page_id=57

it was directed at the poster who is from HPC.com

did you read the article?

chrisandanne

Really2 wrote: »

Us poor northerners will try to share some of your pain.;)

Nothing like that up here must be bad down there. I think our locality is -9% YOY.

Looks the opposit to the last recession at the moment. But I suppose the service sector will be the hardest hit.

Not sure where you live but I seem to think it's in the Nottingham'ish area.

Put NG5 into propertysnake and the first page shows drops of between 35% and 26%.

You are in denial. A x

brit1234

wintersunshine wrote: »

But you probably won't have a job so it won't matter:rotfl::rotfl::rotfl:

Sorry but the government don't tend to lay us key workers in a downturn and especially not in a 6-18 month run up to an election.:D

brit1234

ess0two wrote: »

Or more to the fact obtain a mortgage.

Sorry got a 25% and rissing deposit, great credit rating, final salary pension and a well paid secure gov. job. What problem with mortgages were you talking about .


Some of us prepared our selves for this day for years and we are now the few best suited to seize the opportunity. Very shortly we will be able to take our lives off hold.

wintersunshine

brit1234 wrote: »

Sorry but the government don't tend to lay us key workers in a downturn and especially not in a 6-18 month run up to an election.:D

So you've got 18 months then the Tories are going to get rid of you 'cos we can't afford you anymore:D

Kenny4315

Following events of recent days, I do feel that the downturn is going to be extremely deep. Especially when those in charge don't seem to have two brain cells to rub together. Reckon add another 3 months to bottom of market and further drop of 5% overall to my previous predictions. ie bottoming out Autumn next year down 35% ish from peak rather the 30%. Looks like its going to be another 3 months of playing my xbox360 for me then, good job I've got some awesome games that I haven't played yet. BIOSHOCK is amazing for any 360 owners and only £10 bargainastic.

Although Half Life 2 : The Orange Box just pips it. (on the 360).

GracieP

chucky wrote: »

did you read the article?

I did, both of them. They're both crap, just like 99.99% of the contents of the Standard. However seeing the headline all over London will influence a lot of people.

brit1234

wintersunshine wrote: »

So you've got 18 months then the Tories are going to get rid of you 'cos we can't afford you anymore:D

Somehow together with the army we will be the very last job group to get sacked. If we go society crumbles as proven in many case studies round the world. Strangly conservatives tend to look after us better than Zanulabour.

Back to the subject. £100k falls are great news. All the smart sellers dropped their prices early and sold. Now the others are chasing the market down and there are less buyers than ever. With every house price fall story there will be less buyers than ever as everyone now knows its far better to wait for bigger falls.

napoleon

brit1234 wrote: »

All the smart sellers dropped their prices early and sold. .

There's very few of them though. Most of them are still completely delusional, EA's don't help either with their mad valuations

neverdespairgirl

GracieP wrote: »

I did, both of them. They're both crap, just like 99.99% of the contents of the Standard. However seeing the headline all over London will influence a lot of people.

Couldn't agree more. The article's silly, but the billboards outside every newsagent, and ES stall will have an impact.