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Debate House Prices


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Does the FTSE reflect the house market

The FTSE and other indices had a good day today, when the FTSE recovers its fill vigour do you think it may signal a bottom in the house market? :D
'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 Thatcher
«13456

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The FTSE is going through turbulent times. One good day doesn't make for the end of economic worries. It's one good day.

    It'll be up and down like a tart's drawers for ages yet.

    House price crash is still on schedule.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    The FTSE is going through turbulent times. One good day doesn't make for the end of economic worries. It's one good day.

    It'll be up and down like a tart's drawers for ages yet.

    House price crash is still on schedule.

    Nice reply but didn't relate to the question :D
    '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 Thatcher
  • There was a FTSE crash around 2000, no similar house market dip/recovery afaik....
  • purch
    purch Posts: 9,865 Forumite
    when the FTSE recovers its fill vigour do you think it may signal a bottom in the house market?

    No........
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    There was a FTSE crash around 2000, no similar house market dip/recovery afaik....

    That was related to the Emperor being found to have no clothes on (tech stocks) this bear market is caused by a credit squeeze and recession with much more correlation to house prices.
    '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 Thatcher
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    Doesn't the FTSE indicate what may happen in around 2 years time ?, I wasn't really aware it had much to do with the housing market, other than perhaps when the FTSE is on the up, people may pull their investments from housing and put them into stocks, however in this market I doubt many will be able to do that even if they wanted to.
  • bigbloke45
    bigbloke45 Posts: 2,378 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It looks to me that the housing market is already in deflation mode before the main economy.

    What I mean is that it seems that house buyers are now holding back from buying as they expect prices to fall further. The market will only pick up when prospective buyers believe that prices won't go any lower and they become scared that they will miss out on a bargain.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Stocks may recover long before property as investors seek returns.
  • skap7309
    skap7309 Posts: 874 Forumite
    StevieJ wrote: »
    The FTSE and other indices had a good day today, when the FTSE recovers its fill vigour do you think it may signal a bottom in the house market? :D


    (Speaking for the masses) ''Ok better run and get a 10x salary, 125% mortgage....oh hang on a minute the banks will not lend me anything.''

    Crash continues for long foreseeable future...
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    Conrad wrote: »
    Stocks may recover long before property as investors seek returns.

    I think the first signs of inflation will be in stocks and oil.
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
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