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Debate House Prices
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I reckon there has been more sales in December
Comments
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good call ISTL!!!
you posted this in December 2008, prices rose from Feb 2008 onwards - maybe a few more people should have taken notice of you...
I also posted back in 2008 that there needed to be an immediate 22% correction or a 15% over three years.
http://forums.moneysavingexpert.com/showpost.html?p=12813653&postcount=6
We pretty much had a 20% reduction, so I was not far out:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Agents and my mortgage broker were saying the same thing back in Jan 2009 and it was obvious by the end of Jan 2009 when I was looking that things were on the up. I posted this on HPC but got the normal anyone who did not want to predict further falls was a troll etc. Got to admit I thought the bull trap would only last 6 months but its seemed to last a year.
Speaking to agents now and the same broker and things have changed. Lots of new stock starting to come on now and buyers at the bottom struggling to sell meaning there is no one around to trade up. With summer holidays round the corner and the doom and gloom stories of last week and Rightmoves todays, looks like those 2009 bottoms could be passed over the next 12 months unless the government puts some confidence back into the economy and market which seems unlikely with the their cut everything in site policies.0 -
great postIveSeenTheLight wrote: »I also posted back in 2008 that there needed to be an immediate 22% correction or a 15% over three years.
http://forums.moneysavingexpert.com/showpost.html?p=12813653&postcount=6
We pretty much had a 20% reduction, so I was not far out0
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