HP expect the rate of decline to accelerate, Economist.

RDB

matbe wrote: »

Im the most right as i have to keep moving there to see the damn thing.

Also how dare you say i have an old monitor i bought this four years ago flat screen all the rage.

Would you rather I mewed for the latest 27"?

This screen was bought with "real money" very mse I will have you know!

ha ha My most sincere apologies, Im sure your monitor is wonderful.

Has anyone got a graph of the UK market?

Especially one that Matbe can see in one page on his super duper flat (low res) screen? I think sabertoothtiger is good with graphs.

crazygaijin

matbe

Thats better but the first post has f*cked it all up i still have to scroll left and right.

Thanks for trying anyway.

novazombie

That last graph is good but doesnt go back far enough. It would be good to see that in relation to the last hundred years.

The graph going back to 1890 is much more helpful to see the truth.

As the economist says though, the rate of decline is accelerating. So I think the line that has started to go down now will get steeper in its decline.


Very roughly taking the American figuers from that youtube clip, inflation adjusted the market always comes back to about $100K average. So the USA was over $200K average and is about half way back to what the market should be $100K.

Can this be similar to the UK? I think so. Very roughly speaking inflation adjusted the market should be £100K average.
It did go over £200K way higher than any other peak and is now on its way back but only really just started. Also such a big and fast high means the line will come shooting down with momentum and over shoot.

This means that when people have seen for years that house prices are just going down, down deeper and down they get used to it and expect it. Even if we get out of recession and the unemployment gets less and wages start to pick up again, house prices will take a bit longer to stabilise because people have got used to them falling every year.

Yoshua

Quote:
Originally Posted by ad9898
As soon as it catches on, and I believe there are still huge amounts of people in denial, this statement above will ensure huge deflation in the market, and it can't come soon enough, the sellers in denial are just dragging this whole thing out much longer than it needs to be. There are only so many mugs about who will buy at todays prices, and these mugs are getting scarcer by the day. It's time to wake up and smell the coffee, 2007 has gone, 2006 has gone, in most areas 2005 has also gone. We are now well entrenched in 2004 prices in a large amount of areas, and it won't be long before this too has gone.

The great unwind is gathering pace.


Forget 2004, this is going to be the worst depression for 100yrs.

With interest rates about to shoot up, house sellers could only dream about 2004 prices.

ruggedtoast

People wont just give their houses away you know and there’s green shoots showing and enormous pent up demand and they wont sell for less than its worth and property only ever goes up in the long run.

ad44downey

ruggedtoast wrote: »

People wont just give their houses away you know and there’s green shoots showing .

hoho, the elusive green shoots. Where are they? I think you'll find they were suffocated by all the weeds.

crazygaijin

green shoots? Are you talking about that bit in Jan where the line doesnt just go straight down?