At least a decade for prices to return to 2007 levels.

mr.broderick

ad9898 wrote: »

I think that's a big risk, they will have to guess, as the bottom will only be seen in the rear view mirror, big balls would be required to go down this road in the current financial climate.

Totally agree sir and definitely a shortage on here.

michaels

I just hope the bears don't fall in to the same trap as the bulls - predicting that prices will continue to follow a trend will be right 95% of the time but having the balls to call the turn is where the real value add lies.

(I sold my BTL in Sept 2007 )

mystic_trev

With us entering the worst recession I've (and most people) have ever seen, I think any sane person can forget about house prices rising anytime in the near (or even not so near) future. I reckon we won't be seeing our way out of this recession until late 2010 - so batten down the hatches!

You can't say I didn't warn you.

http://forums.moneysavingexpert.com/showpost.html?p=1048537&postcount=17

mr.broderick

mystic_trev wrote: »

With us entering the worst recession I've (and most people) have ever seen, I think any sane person can forget about house prices rising anytime in the near (or even not so near) future. I reckon we won't be seeing our way out of this recession until late 2010 - so batten down the hatches!

You can't say I didn't warn you.

http://forums.moneysavingexpert.com/showpost.html?p=1048537&postcount=17

Have a day off!! The phrase premature ejaculation comes to mind...

mystic_trev

http://forums.moneysavingexpert.com/showpost.html?p=2274516&postcount=77

mr.broderick

mystic_trev wrote: »

http://forums.moneysavingexpert.com/showpost.html?p=2274516&postcount=77

More to the point, where is meanmachine? Enjoying home ownership trev?

[Deleted User]

Im with you Trev, but i dont think you had predicted quite this big of a scale.

I like news like this, but i cant help but think prices are taking and still going to take a long while to drop (denial perhaps?)

Whilst i also notice a few regular posters come in this board laughing nonsense at this doom and gloom,

Mitchaa,

1.Why do you provide a wink or two with almost all of your posts?, have i missed something or is the emoticon list really that small?
2. Did you actually sell your house as noted in your sig? if not you have not made any money.

Im not trying to have a dig, id just be interested. Simply put if your or any other naysayers smart enough to make money in a downturn surely youd be better placed to predict the future?

dervish

amcluesent wrote: »

There's been a massive draining of the 'pool' of private wealth in the last 10 years, for one reason of course:mad:

Let's recall -

Increases in NI
Pensions shrunk in size as £5,000,000,000 a year stolen by Clown
Investment income subject to withholding tax
Taxation by means of 'crimes' that impose fines the middle-classes
Means testing of pretty much everything
Withdrawal of NHS care such as dentistry to middle-classes
Middle-class student saddled with debt (or fees paid by parents)
PFI Schemes that commit tax-payers for generations

I'd say that the middle-classes are ££ trillions poorer on Net Present Value basis.

Clown's been as cunning as a weasel in picking 'Mondeo Man's' pocket without him realising it. The funny things is that by running the printing presses before the May 09 election, he's making people even poorer as inflation will be back to 10%+ soon enough.

what do you mean wehn you keep sayng clown?

pickles110564

dervish wrote: »

what do you mean wehn you keep sayng clown?

Mr Brown the pensions thief.

IveSeenTheLight

Supercharge_Me wrote: »

Mitchaa,

2. Did you actually sell your house as noted in your sig? if not you have not made any money.

Im not trying to have a dig, id just be interested. Simply put if your or any other naysayers smart enough to make money in a downturn surely youd be better placed to predict the future?

Mitchaa has not sold his property but decided that with so many people on here telling him that he would be in negative equity as he bought in 2007, so he posted his signature showing that on paper, property in his area has risen since he bought at end of q1 2007