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Daily Mail - you can't beat it

Talk about scaremongering, right I'm taking my copy with me up to the loo............ - no, not to read :rotfl:

http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=480388&in_page_id=57&ct=5
Liquidity is when you look at your investment portfolio and **** your pants
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Comments

  • cheerfulcat
    cheerfulcat Posts: 3,403 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Not sure why you're blaming the Mail? The report came from Numis...
  • Stavros_3
    Stavros_3 Posts: 1,288 Forumite
    Co's I like blaming the D.M
    Liquidity is when you look at your investment portfolio and **** your pants
  • FoxtonsRIP
    FoxtonsRIP Posts: 323 Forumite
    Stavros wrote: »
    Talk about scaremongering, right I'm taking my copy with me up to the loo............ - no, not to read :rotfl:

    http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=480388&in_page_id=57&ct=5
    scaremongering? it seems quite credible to me. :confused:
  • JayZed
    JayZed Posts: 731 Forumite
    Daily Mail - you can't beat it

    Well, I'm certainly got going to join it.
  • wombat42_2
    wombat42_2 Posts: 1,312 Forumite
    The idea that houseprices could only ever go up was a big psychotic delusion propagated by corporate psychopaths so they could make a killing. House prices were at a crazy level even 5 years ago.

    The only way is down.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    But you can beat an egg :D
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Stavros_3
    Stavros_3 Posts: 1,288 Forumite
    I'm not saying they are not going down, my issue is according to the report house prices will fall another 55% AND the country will be declared bankrupt. House prices have already dropped 21%. To state house prices could drop by 76% in total since their highs is a tad bold statement to make, thats all I'm saying
    Liquidity is when you look at your investment portfolio and **** your pants
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Stavros wrote: »
    I'm not saying they are not going down, my issue is according to the report house prices will fall another 55% AND the country will be declared bankrupt. House prices have already dropped 21%. To state house prices could drop by 76% in total since their highs is a tad bold statement to make, thats all I'm saying

    I prefer the measure that the FT use although it is only for English properties and due for update for Feb. It actually covers all properties.

    http://www.acadametrics.co.uk/ftHousePrices.php
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    wombat42 wrote: »
    The idea that houseprices could only ever go up was a big psychotic delusion propagated by corporate psychopaths so they could make a killing. House prices were at a crazy level even 5 years ago.

    The only way is down.

    I take it they were at it with commodities as well :D
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Fairwinds
    Fairwinds Posts: 776 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Stavros wrote: »
    will fall another 55% ................. House prices have already dropped 21%. To state house prices could drop by 76% in total s

    21% drop then 55% drop doesn't equal 76% drop

    It would equal approx 64.5% drop - just for the record
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