Here's what the experts say - further falls in house prices of 10-65% to come

luvpump

Reaper wrote: »

So this guy works for Citigroup who lost truely vast sums of money?
The UK branch which was blamed for most of their losses?
The ones he was presumably advising during the boom years?
And we are now listening to him as if he knows what he is talking about?

I Agree.. I am more inclined to follow my own instincts than another "Expert" who got us all into this mess in the first place ..

alared

10 to 65%,well he`s certainly kept his options open there.

Not being an "expert" I would guess a fall of anything from 0 to 100%.
The 100% is when they turf you out onto the street with your belongings in a black bin bag.

carolt

Try to read the article, dear. It's 4 different experts. Do you expect them all to agree?

dervish

carolt wrote: »

http://www.telegraph.co.uk/finance/economics/houseprices/5033209/Do-not-pass-go---or-expect-house-prices-to-rise-soon.html

For anone interested, the up to 65% prediction was from Michael Saunders, chief UK economist, Citigroup.

Anyway, read and enjoy. Lots of good bear food there.

Welcome back Carol - you have been missed.

StevieJ

Reaper wrote: »

Bears expect the market to do down, bulls expect it to go up. The origins are not clear but here is what Wikipeda has to say on the subject:

So, I think it will go down another 5% (LR) I must be a bear :eek:

ad44downey

At least people are starting to realise that we're only at the beginning of the house price crash rather than anywhere near the end.

chucknorris

ad44downey wrote: »

At least people are starting to realise that we're only at the beginning of the house price crash rather than anywhere near the end.

My view hasn't changed in over a year, 35-40% from peak, that puts us over halfway in terms of fall percentage, but possibly timewise a bit further off as I suspect the rate of fall will decline at some stage

Dan:_4

ad44downey wrote: »

At least people are starting to realise that we're only at the beginning of the house price crash rather than anywhere near the end.

Which people do you refer to?

StevieJ

carolt wrote: »

http://www.telegraph.co.uk/finance/economics/houseprices/5033209/Do-not-pass-go---or-expect-house-prices-to-rise-soon.html

For anone interested, the up to 65% prediction was from Michael Saunders, chief UK economist, Citigroup.

Anyway, read and enjoy. Lots of good bear food there.

Now I realise why Citigroup wnt down the pan

Conrad

99% of these muppets got it all wrong on the run up to the crash. Certainly in the south east we are approaching the bottom this summer.

The bears waiting until late 2010 / 11, at least in prosperous areas will find much to thier annoyance, them having to pay 10%+ above the bottom. Most people are not forced to sell and have low mortgage payments, so as soon as it turns prices will harden.