Predictions of 50% falls now hitting mainstream in the Independent

the_ash_and_the_oak

!!!!!!? wrote: »

They'll keep throwing cash at the wall until some of it sticks.

...

There's an awful lot of money out there in safe havens - once it becomes obvious that inflation is under way, that will come out to play triggering very rapid inflation.

Is there really a lot of money out there in safe havens? Where?

I'm not necessarily disagreeing, I just don't know where it is. Did you envisage the interim disinflation that has occurred? (genuine question!), How long do you see it continuing for? Do you think the existing debt has to be fully worked through the system before inflation can take off? How far that debt do you think we are? How will the first of the cash that sticks at the wall manifest itself? Will the inflation take place in the asset class that was the repository of the bubble in the first place? Do you see an ageing population with boomers about to hit retirement age as an inflationary or deflationary element?

open questions all, these are not answers I pretend to have. I do think it woud be more interesting to look at the future than discuss who did or didn't see the present though

neverdespairgirl

chucky wrote: »

Hillingdon -4.70%
Hounslow -7.10%
Kingston upon Thames -7.90%
Richmond upon Thames -11.40%
.

Chucky, you know your "nice areas won't drop as much" line?

IMO, Kingston and Richmond are much "nicer" areas than Hillingdon and Hounslow...

chucky

neverdespairgirl wrote: »

Chucky, you know your "nice areas won't drop as much" line?

IMO, Kingston and Richmond are much "nicer" areas than Hillingdon and Hounslow...

yes they're much, much nicer - but i had said it in the context of individual property and the property desirability aspect attributes.

also Westminster is much nicer than Hillingdon and Hounslow, have you seen those numbers?

you forgot the rest of the line "nice properties don't drop as much as lesser properties would do".

chucky

neverdespairgirl wrote: »

Chucky, you know your "nice areas won't drop as much" line?

IMO, Kingston and Richmond are much "nicer" areas than Hillingdon and Hounslow...

not your fault but it's quite amusing that !!!!!! thanked your post - i'd love to see his comments with regards to Hillingdon and Hounslow. I'm sure a quick Google wil get him the info.

he obviosuly disagrees with my comments as he never Thanked them.

hethmar

But do you think that the nicer areas had risen a lot higher over the hpi period and hence are able to drop percentages easier than the rougher areas which didnt rise as much?

chucky

hethmar wrote: »

But do you think that the nicer areas had risen a lot higher over the hpi period and hence are able to drop percentages easier than the rougher areas which didnt rise as much?

it's very easy to generalise here. just like many people think that the house price falls will apply to every property; it won't.
regional and local areas can be very specific with regards to ouse prices.

i think when you're talking about nicer areas (not properties) in general, they may have properties that could have larger percentage falls. this applies to quite a few London areas not all of them, i can only have a realistic opinion on the area that I know.

in my opinion not all properties in nice areas are "nice" properties.
the "worser" properties in these areas will have had larger than average HPI factored into them due to the nicer properties in the area. these are the ones with the biggest potential falls.

Lotus-eater

chucky wrote: »

i think when you're talking about nicer areas (not properties) in general, they may have propeties that could have larger percentage falls. this applies to a few London areas not all of them as this is my local area.

in my opinion not all properties in nice areas are "nice" properties.
the "worser" properties in these areas will have had larger than average HPI factored into them due to the nicer properties in the area. they're the ones with the biggest potential falls.

Agreed, the worst properties in the best areas and the best properties in the worst areas are IMHO likely to be hit worst.

neverdespairgirl

chucky wrote: »

yes they're much, much nicer - but i had said it in the context of individual property and the property desirability aspect attributes.

also Westminster is much nicer than Hillingdon and Hounslow, have you seen those numbers?

you forgot the rest of the line "nice properties don't drop as much as lesser properties would do".

No idea about Westminster - I was looking only at the 4 you posted. In which the nice areas seem to be dropping faster (-:

dervish

Bernie wrote: »

"Won't be long before those from abroad start noting the bargain-basement prices to them in terms of Euros/whatever. With the general drop in house prices, coupled to the plummetting pound Sterling, housing stock (and companies) must be looking extremely cheap to anyone with a chestful of a decent currency..."

While the UK may not have the obvious attractions of sunnier climes, for anyone (or business) that visits regularly, buying a house/flat now where you visit must be becoming a no-brainer! With the double billy-bonus of property prices dropping 25 - 30% coupled with the 33% drop in Sterling, Mr Johnny Euro must be looking at a nifty halving of the price of UK property/businesses in the space of a few months.

If the situation was reversed, I'd be shopping....

:beer:

...whcih is why immigartion MUST BE STOPPED

dervish

pickledpink wrote: »

I had a fab Christmas and New Year thank you, Chucky. I trust you did too?:j

Did you receive much at Xmas this year?

such as HUMILITY and GOOD MANNERS?


did you gave anything away also?

like RUDENESS AND STUPIDITY?

If so then welcome back.