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Just for fun. PLace your stakes and say when you think the bottom will be.
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An individual as a buyer can call the bottom when ever they want,and how? by negotiating a good enough offer.Official MR B fan club,dont go............................0
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I called the top of the market in Sept 07, I told my Mum you ask her. She didn't believe me then and went on to make a disastrous life choice, heh ho.
But the bottom, I really don't know, if ad(doommonger)9898 if right, who cares?
I thought btw that the oil prices last year were down to speculators, not peak oil? Or is that the story we are being fed to stop us ripping our clothes off and running screaming down the street?Freedom is not worth having if it does not include the freedom to make mistakes.0 -
End of 2010 will be bottom then a few years of stagnation before a long slow recovery over 5-10 years.
I think this is a reasonable prediction, though I'm not quite sure how much 'recovery' we will see unless the UK comes up with some new form of wealth creation. It's pretty much exhausted every possible fiddle of fiat currency and debt to give the illusion of wealth.'Never keep up with Joneses. Drag them down to your level. It's cheaper.' Quentin Crisp0 -
So do I.
No more self certs, cant even falsify the income these days. So now people have to prove income maybe middle of 2010 is a touch optomistic.:cool:
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Major falls finished by mid-late 2010, maybe a few m.o.m. drops after that, maybe a few very small rises, pretty much stagnant for quite a while, shortest time for stagnation past 2010 will be around 2 years, if its proper nasty, 10.
peak-trough around 40%+, maybe as bad as 50% if this all goes really naaaasty.0 -
I'm going to make a stab in the dark at June 2011, I'll have a deposit by then too.
I don't know why people keep saying 2007 was the last good year, it wasn't for me. Put the house up for sale in the March, didn't sell, dropped the price repeatedly, gave up in November and walked away (left house with ex). 2007 was not a good year.saving up another deposit as we've lost all our equity.
We're 29% of the way there...0 -
I'd say after the olympics, 2013 lucky for some0
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my bottom is just above my legs.:DI am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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