Predictions of 50% falls now hitting mainstream in the Independent

chucky

neverdespairgirl wrote: »

That might well have been written by my sister, I'll ask her (-:

sorry but you didn't get it - it was an 'in' joke between myself and Mewbie

chucky

mewbie wrote: »

It's OK, I give in already (tea soon). I accept that falling pound makes UK assets worth a look from overseas. I don't think it will save the housing market though. Or the retail market, or the car industry, etc.

But. tbh - I welcome any positive news, I want to be bullish about the new year.

here we go Mewbie - i posted this the other day. it must have been hidden beneath all the other positive news that day

http://www.ft.com/cms/s/656a9a72-cdfd-11dd-8b30-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F656a9a72-cdfd-11dd-8b30-000077b07658.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fworld%2Fuk

NDG - can you check with your sister on this one too please?

pickles110564

mewbie wrote: »

For Wigan read any English town really - apart from the glam towns like Bath / Oxford /etc.

Dont forget Felixstowe delightful with a sandy beech and outstanding job prospects!;)

pickles110564

chucky wrote: »

here we go Mewbie - i posted this the other day. it must have been hidden beneath all the other positive news that day

http://www.ft.com/cms/s/656a9a72-cdfd-11dd-8b30-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F656a9a72-cdfd-11dd-8b30-000077b07658.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fworld%2Fuk

NDG - can you check with your sister on this one too please?

Chucky dont believe everything you read in the press, we have some very knowledgable people on these forums, who have rent in houses month after month.:rotfl:

before_hollywood

Conor wrote: »

50% drop eh? Ah well..even if I sell at the bottom, I'll double my money. Oh the joys of buying in 1999.

the flat i am watching on rightmove would have been 30k in 1999, done up its 80k now, i would love to see it at 40k, i stroll in with a 15k deposit

25k mortgage, i bloomin wish

Entertainer

edinburgher wrote: »

Also, I'd definitely not trust derivatives traders to offer the most accurate predictions in the market, as they're gamblers by nature! Setting predictions for up to 10+ years in many cases is not an exact science..

The point is that derivatives market makers are putting their money where their mouth is. They are more akin to bookmakers than gamblers and bookmakers never give anyone a free ride. If the traders' prices were so far off, you could arb them. I would be looking very carefully at what they are saying.

chucky

Entertainer wrote: »

The point is that derivatives market makers are putting their money where their mouth is. They are more akin to bookmakers than gamblers and bookmakers never give anyone a free ride. If the traders' prices were so far off, you could arb them. I would be looking very carefully at what they are saying.

maybe there's another way of looking at it too - traders are hedging against existing trades that are already there so are matching against these trades to minimise any potential loss or to cover existing positions.

no idea which one of the two viewpoints is right but one of them is

StevieJ

Entertainer wrote: »

The point is that derivatives market makers are putting their money where their mouth is. They are more akin to bookmakers than gamblers and bookmakers never give anyone a free ride. If the traders' prices were so far off, you could arb them. I would be looking very carefully at what they are saying.

Probably more akin to someone insuring against an unlikely (but could happen) event.

HappySad

before_hollywood wrote: »

the flat i am watching on rightmove would have been 30k in 1999, done up its 80k now, i would love to see it at 40k, i stroll in with a 15k deposit

25k mortgage, i bloomin wish

I am looking at houses for 300-400 and hoping them to drop to 200s so that I can buy.

RDB

HappySad wrote: »

I am looking at houses for 300-400 and hoping them to drop to 200s so that I can buy.

Me too, I have my eye on an area where in the last few years prices shot up to ridiculous 300K average, this is not real money in my view.

Realistic prices are half that and we will get there, sooner than most think.