Debate House Prices


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

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Comments

  • mikelivingstone
    mikelivingstone Posts: 30 Forumite
    There did seem to be panicked reacton before these Mail and Telegraph Article were printed. I've seen dozens of homes in my area reduce over the last few days as smart sellers try to get ahead of the falls in the market.

    Right now smart sellers are cutting prices 30-35% below peak, as they know the less informed are only dropping 20-25%.

    Clearly its better to lose 30% from peak, than lose 55% from where prices are tody which would make 64% from peak in total.
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    tirano wrote: »
    IMF Bailout !

    http://www.dailymail.co.uk/news/article-1161317/House-prices-drop-55-leave-Britain-bankrupt.html

    Well, that is as much of a screaming counterindicator as I've ever seen...
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • stringsmk2
    stringsmk2 Posts: 88 Forumite
    graham_devon wrote: »
    i'm wagering 50-70% from peak.

    The boe has yet to put interest rates up, and boy are they gonna go up ;)



    lol - orly
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    Hopefully the IMF may be able ot do some QE of it's own, and then it can bail us out.
    Devonian Institute of Economic Theory at it's best

    got to give it to the lad - he's absolutely clueless
  • carolt
    carolt Posts: 8,531 Forumite
    Were you bored tonight, Hamish?

    Another sockie? :eek:
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    chucky wrote: »
    Devonian Institute of Economic Theory at it's best

    got to give it to the lad - he's absolutely clueless


    Makes a good armchair chancellor,must be some right gems in them 30K+ posts.
    Official MR B fan club,dont go............................
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    carolt wrote: »
    Were you bored tonight, Hamish?

    Another sockie? :eek:

    You got no ironing to do.
    Official MR B fan club,dont go............................
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    carolt wrote: »
    Were you bored tonight, Hamish?

    Another sockie? :eek:

    I have no sockies. And I invite the abuse team to check my IP address versus other posters at any time.

    I doubt you'd welcome such an investigation though.....:cool:
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • DervProf
    DervProf Posts: 4,035 Forumite
    HAMISH_MCTAVISH wrote: »
    And I invite the abuse team to check my IP address versus other posters at any time.

    Forget the IP address, no one will be at home.

    Try the VI address.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • HOUSE_PRICE_CRASH_GHOULS
    HOUSE_PRICE_CRASH_GHOULS Posts: 33 Forumite
    HAMISH_MCTAVISH wrote: »
    I have no sockies. And I invite the abuse team to check my IP address versus other posters at any time.

    I doubt you'd welcome such an investigation though.....:cool:

    Well said.
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