Why house prices may fall another 38%

ad9898_3

chucky wrote: »

now that's an understatement

Well ok, I'll come clean, seriously, I was gutted. I have a noose around my neck and am just about to kick the chair away.:D

Really2

ad9898 wrote: »

Well ok, I'll come clean, seriously, I was gutted. I have a noose around my neck and am just about to kick the chair away.:D

I have a moose round mine and about to kick it's legs away.(boring day:))

HappySad

sorry entered it twice so have deleted this onel

HappySad

90's recession it seemed like every 3rd house was up for sale in some areas. It took longer for me to get a job but I did get work. Many people were handing their keys to the building society and just moving out. I know a friend at work with a good IT job that did just that because of high interest rate. Did not notice many household names going bust like it is happening now.

2000 IT drop all my friends were either looking for work, redundant or just about to be made redundant. I got another job at a much much lower wage & many friends had to do the same.

HappySad

What about house prices going up by 1-2% last month???? Is is just people returning to buying after Christmas? I think so..

djdaface

Another 15% fall in the next 6 months and then an ease on lending would be grand for this would be first time buyer

carolt

Really2 wrote: »

Well there you go your fear is for your own job.

Stop blowing smoke up your @rse you know nothing about me but I can asure you the 2001 dot com crash effected me a whole lot more than this.

You only look at yourself you selfish little tyke.
Now get doing some work. No wonder we are in this mess when all the financial sector spend all day talking about financial doom on the net.:rotfl:

Wow, you are having a bad day aren't you?

What's up? Migraine, 'time of the month' (?), indigestion?

You can be so rational, nay witty some days, and on others, like today, you go out of your way to be rude.

Wookster

Really2 wrote: »

I am sorry about your job mate but some companies are still growing.

I'm quite happy to be leaving - I haven't been enjoying it at all. Its a good chance for me to do things I want to (kitesurfing!).

Really2 wrote: »

Like I said 90% will still be employed unfortunatly this time it is the people who thought they were untouchable who are bearing the brunt (the financial sector) and the current mess shows how untouchable the financial sector thought it was.

Financial crises tend to be much worse than normal recessions - thats why I think this one will be well worse than any recession since the 1970s. And Britain will be worst hit in Western Europe... well maybe second after Ireland... we shall see.

RainMaker_2

HappySad wrote: »

What about house prices going up by 1-2% last month???? Is is just people returning to buying after Christmas? I think so..

Exactly that - seasonality. Demand always slows in the Autumn, and picks up come Spring.

Really2

carolt wrote: »

Wow, you are having a bad day aren't you?

What's up? Migraine, 'time of the month' (?), indigestion?

You can be so rational, nay witty some days, and on others, like today, you go out of your way to be rude.

Carol can you stop stalking me now please. I have a wife and I am not interested in an older woman with a fixation for BTL.

Thank you.

Really2

PS your restraining order is on the post.