Recession’ll end soon: The joy of maths Blog Discussion

harryhound

We have had a couple of classic comments reported on the (Economy &) House Prices section of the forum:

"My house went up 100% in 4 years so even if it falls 50% I'll still be 50% better off [than renting]".

Now that we are over a year into falling house prices, there has been an upward movement at the foot of the ski slope graph of the rate of house price fall. (because the index number for autumn '07 has fallen out of the calculation):
"..........things are getting better".
[Getting worse slightly less fast?]

JimmyTheWig

harryhound wrote: »

"My house went up 100% in 4 years so even if it falls 50% I'll still be 50% better off [than renting]".

lol

[Getting worse slightly less fast?]

Surely this is something (if part of a real trend and not just a specific statistic) that needs to happen before things get better. Which means we are closer to things getting better. Which means, in some sense, that things are better. IFSWIM?

harryhound

Over on the Economics board there is a poll on when will it get better.
My punt was "no green shoots this side of Xmas 2010"

[ This decision is really important for my son and daughter in law as they are Sell To Renters, currently happy to have a flat for less than the landlord must be paying on his mortgage ]

Typical thread here:
http://forums.moneysavingexpert.com/showthread.html?t=1322631
(Just ignore the "banter" for which this board is notorious.)