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Debate House Prices


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Moneyweek - Don't be fooled - house prices have a long way to fall yet

http://www.moneyweek.com/investments/property/dont-be-fooled-house-prices-have-a-long-way-to-fall-yet-14700.aspx

The phrase about the bouncebackability of deceased felines seems to be popular at the minute...
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Comments

  • mitchaa
    mitchaa Posts: 4,487 Forumite
    I would beg to differ, less than 10% to go now ;)

    2/3 of the way through this mess already, over and done with by the end of the year in terms of house prices.

    Recession will probably last a little longer.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I don't find that Moneyweek very impartial, are they the official mouthpiece of the shorters :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
  • barrooo
    barrooo Posts: 322 Forumite
    Also this lot keep saying to invest in Asia, specifically Japan, and have been for about 18months, despite the plummeting stock markets. I suppose if they go on about it for long enough eventually they'll be right
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    So house prices still have a lot further to fall because shares fell yesterday. Well, they are up so far today???

    I notice their response to yesterday's mortgage approvals rise is "dead cat bounce"

    I think one of the regulars on here wrote that article.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    barrooo wrote: »
    Also this lot keep saying to invest in Asia, specifically Japan, and have been for about 18months, despite the plummeting stock markets. I suppose if they go on about it for long enough eventually they'll be right

    The one thing about Japan is the strength of the currency against Sterling, this counters a lot of the falls.
    '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
    Dan: wrote: »
    So house prices still have a lot further to fall because shares fell yesterday. Well, they are up so far today???

    I notice their response to yesterday's mortgage approvals rise is "dead cat bounce"

    I think one of the regulars on here wrote that article.

    So that is where !!!!!! ended up :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
  • Looking at trends Dan it appears that shares are 'bumping along the bottom', that could all go wrong if there is another unexpected shock (like another major bank or someone like BMW go bust) So stocks are looking hopeful, and will be the first indicator that the end is in sight. House prices are going to be determined more by affordability, whatever people determine that to be
    [strike]Debt @ LBM 04/07 £14,804[/strike]01/08 [strike]£10,472[/strike]now debt free:j

    Target: Stay debt free
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Or/and access to credit.
    '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
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    Dan: wrote: »
    So house prices still have a lot further to fall because shares fell yesterday. Well, they are up so far today???

    I notice their response to yesterday's mortgage approvals rise is "dead cat bounce"

    I think one of the regulars on here wrote that article.

    I don't see much connection between house prices and share prices, to be honest.
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • geeba88
    geeba88 Posts: 247 Forumite
    tomterm8 wrote: »
    I don't see much connection between house prices and share prices, to be honest.

    This is THE telling quote from the article:

    "mortgage approvals have a long way to go before they get to levels that are no longer consistent with falling house prices."
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