Moneyweek - UK house prices will plummet: look at this scary chart

geeba88

http://www.moneyweek.com/investments/property/uk-house-prices-will-plummet-look-at-this-scary-chart-14664.aspx

I like chart referring to UK House Price to FTSE 100 ratio.

It's helped ease my doubting mind that i'm not mad to at least try and sell my property and then rent until we enter the capitulation phase...

chucky

geeba88 wrote: »

http://www.moneyweek.com/investments/property/uk-house-prices-will-plummet-look-at-this-scary-chart-14664.aspx

I like chart referring to UK House Price to FTSE 100 ratio.

It's helped ease my doubting mind that i'm not mad to at least try and sell my property and then rent until we enter the capitulation phase...

interesting article - got to this bit and stopped

"There are even some at the great refuge of the bears, website housepricecrash, who are now considering buying, though well below market value."

vested interest or what - I can just read the HPC forum if I want to read stuff like that.

The_Fat_el_Hombre

Wow. Very interesting how Dr Jean-Paul Rodrigue's graph mirrors the house prices one

StevieJ

Is that Moneyweek the mouthpiece of HPC.com

lostinrates

Its the headline that stops me getting excited. As much as it might be representative of the report it just seems so.....tabloid.

Zagu

That graph is becoming a parody of its self.

ad44downey

geeba88 wrote: »

http://www.moneyweek.com/investments/property/uk-house-prices-will-plummet-look-at-this-scary-chart-14664.aspx

I like chart referring to UK House Price to FTSE 100 ratio.

It's helped ease my doubting mind that i'm not mad to at least try and sell my property and then rent until we enter the capitulation phase...

More evidence, not that it is really needed, that the house price crash is in full flow and with no end in sight.

penguine

I think the critical point is further down in this article: We are entering a bull trap.

Joe Public is still very much 'in denial' and thinks that things are about to 'return to normal'. In other words, we are entering a bull trap – just as we did in 1991, when there was a brief rally before further declines. We are nowhere near capitulation. That is still to come.

penguine

chucky wrote: »

interesting article - got to this bit and stopped

"There are even some at the great refuge of the bears, website housepricecrash, who are now considering buying, though well below market value."

vested interest or what - I can just read the HPC forum if I want to read stuff like that.

I think the implication is that even those buying well below market value at the moment are making a mistake.

StevieJ

Why do they compare to 1991 and then then say it is nothing like 1991, for one thing prices have already fallen further.
The trick is to land a nice long term fixed deal at an affordable house price 20% down should do it :beer:

Generali

StevieJ wrote: »

Why do they compare to 1991 and then then say it is nothing like 1991, for one thing prices have already fallen further.

Also, comparing nominal prices from the 1970s and from the C21st just show that the pound buys you less today than it did then.

The FTSE comparison is interesting though.