Experts say wait 5 years to buy back into property

chucky

skap7309 wrote: »

They dont. A good tip for anyone not in the know. If ANY piece of information contains the words 'Stuart Law' and 'Assetz' take it as the mother of all VI ramping. He holds the crown hands down for this title.

Believe me, it is not the first and certainly not the last time we will see this from him or them.

yep - he's a ramper.

i do the same when i see the doomer articles - they all do it.
most journalist will have a vested interests.

chucky

some additional info on the buy now or wait

http://news.sky.com/skynews/Home/Business/House-Prices-Have-Only-10-Left-to-Fall-Before-The-Housing-Market-Reaches-Rock-Bottom-Experts-Say/Article/200904215259249?lpos=Business_First_Home_Article_Teaser_Region_5&lid=ARTICLE_15259249_House_Prices_Have_Only_10%25_Left_to_Fall_Before_The_Housing_Market_Reaches_Rock_Bottom%2C_Experts_Say

House prices have only 10% left to fall before the housing market bottoms out, economists have predicted.

As banks begin lending money for less, many are snapping up recession bargains

Low interest rates, lower prices and improving credit conditions are likely to entice buyers back into the market, the Centre For Economics and Business Research (CEBR) has announced.

Thrugelmir

chucky wrote: »

some additional info on the buy now or wait

http://news.sky.com/skynews/Home/Business/House-Prices-Have-Only-10-Left-to-Fall-Before-The-Housing-Market-Reaches-Rock-Bottom-Experts-Say/Article/200904215259249?lpos=Business_First_Home_Article_Teaser_Region_5&lid=ARTICLE_15259249_House_Prices_Have_Only_10%25_Left_to_Fall_Before_The_Housing_Market_Reaches_Rock_Bottom%2C_Experts_Say

though even they have been careful by saying.

But the group added that the housing market remained "on a knife edge", with credit conditions likely to remain tough for some time to come.

So in other words they could be totally wrong.

The property market will take time to unwind and for confidence in making a decision to return.

novazombie

The green shoots of recovery will wither






http://www.moneyweek.com/news-and-charts/economics/any-green-shoots-of-recovery-will-wither-43002.aspx

"
The "rate of recession" is likely to ease, agreed the National Institute for Economic and Social Research, which expects a 1.5% slide in GDP in the first quarter compared with 1.6% in the fourth. GDP has already shrunk by 4.5% in this downturn, it estimates. The rate has so far followed the trajectory of the 1979-1983 recession (see chart). Note too that, as Roger Bootle pointed out, consumer spending, which accounts for the lion's share of the economy, has only just started to turn down. The ongoing slide in house prices, consumers' whopping debt loads and low savings rates means that consumer retrenchment could have a long way to run. As Capital Economics said, "we are still closer to the start of this recession than the end". "


Yup wait 5 years before buying back into property. What will be the average house price then in 2014?

ess0two

novazombie wrote: »

The green shoots of recovery will wither






http://www.moneyweek.com/news-and-charts/economics/any-green-shoots-of-recovery-will-wither-43002.aspx

"
The "rate of recession" is likely to ease, agreed the National Institute for Economic and Social Research, which expects a 1.5% slide in GDP in the first quarter compared with 1.6% in the fourth. GDP has already shrunk by 4.5% in this downturn, it estimates. The rate has so far followed the trajectory of the 1979-1983 recession (see chart). Note too that, as Roger Bootle pointed out, consumer spending, which accounts for the lion's share of the economy, has only just started to turn down. The ongoing slide in house prices, consumers' whopping debt loads and low savings rates means that consumer retrenchment could have a long way to run. As Capital Economics said, "we are still closer to the start of this recession than the end". "


Yup wait 5 years before buying back into property. What will be the average house price then in 2014?

Wait 5 yrs seems you've had a change of heart or cant follow your own advice.
http://forums.moneysavingexpert.com/showthread.html?t=1623795