Respected Analyst : House prices 'could drop another 55%' and leave Britain bankrupt

Kenny4315

Graham_Devon wrote: »

Good for you.

I'm not going to pretend to have such a large ego. I think it's far too soon to be able to predict an exact percentage as thingsw change so often, so largely at the moment.

So 50-70%.

So an absolutely pointless prediction then ??

So a house that was say £200k could now fall to a region of between £60K and £100k ??

Ever thought of applying for a job in Mr Clown's cabinet ?? :money:

StevieJ

Kenny4315 wrote: »

So an absolutely pointless prediction then ??

So a house that was say £200k could now fall to a region of between £60K and £100k ??

Ever thought of applying for a job in Mr Clown's cabinet ?? :money:

Be more interesting to see him plying his trade on the rails at Cheltenham :rotfl:

Kenny4315

I'll have £200k on the nose that we don't get a 70% reduction in house prices. How does evens sound Devon ??

MrFonzerelli

Kenny4315 wrote: »

I'll have £200k on the nose that we don't get a 70% reduction in house prices. How does evens sound Devon ??

Why the caution? £200k is going to be the price of a loaf of bread by the end of all of this!

Really2

MrFonzerelli wrote: »

Why the caution? £200k is going to be the price of a loaf of bread by the end of all of this!

Excellent I have a loaf in the freezer. That will pay my mortgage off and still have a bit left for a bag of crisps.

(Evil laugh) and the fools purchased gold.:D

Kenny4315

MrFonzerelli wrote: »

Why the caution? £200k is going to be the price of a loaf of bread by the end of all of this!

That's going to have to be one tasty pair of baps for £200k ......

Kenny4315

Really2 wrote: »

Excellent I have a loaf in the freezer. That will pay my mortgage off and still have a bit left for a bag of crisps.

(Evil laugh) and the fools purchased gold.:D

A shop near us is closing down and the wife just got 5 for £1, that makes the contents of the freezer worth £1m, wonder if I could have the freezer stolen and claim it back on the insurance.

Best up the contents cover first .....

ukcarper

House 1972 £8000 affordable as first time buyer in 1972 joint income £2000 about average

House max £220,000 – 70% = £66,000 average joint income £35,000 it’s a pity they weren’t relative to that in 1972 instead of what they actually were I could have got a detach house straight away.

£140,000 looks about the same approx. 37% down

Graham_Devon

Kenny4315 wrote: »

So an absolutely pointless prediction then ??

So a house that was say £200k could now fall to a region of between £60K and £100k ??

Ever thought of applying for a job in Mr Clown's cabinet ?? :money:

It could do yes. I have NEVER said it will. I have said it's a possibility all along. Not likely to be te 60k though, more likely 80-110 on one at 200k at peak. It's already had just shy of 40k wiped off it, and of course, it depends on the area, parts of wales are taking a real bashing for instance.

Kenny4315

That's a 60% to 45% reduction.

Is this your current prediction or is it now 45% to 70%, and you've added another 5% to the spread ??

The initial part of the correction is always the easiest, as is the intial part of the gain. Once it get to 30% down it is inevitable folk will start seeing a bargain or the need to act.