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Debate House Prices
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If house prices fall another 37% ...
Comments
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Graham_Devon wrote: »I said 50%
Well, 45-55% I actually said, but got lambasted as it gave to much margin! So going for the middle.
I never have given a date for the bottom though, I just can't predict it comfortably as I never know what Brown will do next!
Though it's passed your prediction
Down a bit from last time .... a sign of a firming market if ever I have heard one.
Quote 'Good for you.
I'm not going to pretend to have such a large ego. I think it's far too soon to be able to predict an exact percentage as thingsw change so often, so largely at the moment.
So 50-70%.'0 -
:rotfl: Tell you what let us throw in affordability, the base rate in 1995 was 6.75%, so mortgage rates would have been 2% higher. BR rate in 2009 is
And yet prices are dropping rather than rising. It's almost as if people will pay anything for a house in a boom and the only limit is how much the bank will lend them. Well, I say "almost"; that's exactly how it is!0 -
Graham_Devon wrote: »I said 50%
Well, 45-55% I actually said, but got lambasted as it gave to much margin! So going for the middle.
I never have given a date for the bottom though, I just can't predict it comfortably as I never know what Brown will do next!
Though it's passed your prediction
Didn't realise Spring ended in February, unless you have seen the March, April,May and June figures already BTW I only accept LR or FT figures :rolleyes: '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 Thatcher0 -
Down a bit from last time .... a sign of a firming market if ever I have heard one.
Quote 'Good for you.
I'm not going to pretend to have such a large ego. I think it's far too soon to be able to predict an exact percentage as thingsw change so often, so largely at the moment.
So 50-70%.'
I predicted that about 2 weeks ago.
I was talking, as you can see, about predictions from around 9 months ago.
Sorry, fail
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Didn't realise Spring ended in February, unless you have seen the March, April and June figures already
Didnt realise Mitch had said "prices are yet to fall in spring". Didn't realise I had said anything about spring! Didnt realise anyone had until you did!
He said "yet to fall this year". Nothing to do with spring
Psssst. I think he may have been factoring in DD's thread, and averaging out the 2% and 1% increases and the 2.3% fall.
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Falling house prices alone don't bankrupt people. Losing jobs and being unable to service debt repayments do.
It is the foolish notion that house price rises are wealth that has caused this problem.
I heard of negative equity ?
If you wipe off 57% of the housing value then that's masses of personal wealth gone, the asset devalues and the liability remains. In short a 57% fall won't happen because it would be catastophic, and Mr Clown knows it.0 -
Graham_Devon wrote: »Didnt realise Mitch had said "prices are yet to fall in spring". Didn't realise I had said anything about spring! Didnt realise anyone had until you did!
He said "yet to fall this year". Nothing to do with spring
So what did you mean by this
Though it's passed your prediction'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 Thatcher0 -
I heard of negative equity ?
If you wipe off 57% of the housing value then that's masses of personal wealth gone, the asset devalues and the liability remains. In short a 57% fall won't happen because it would be catastophic, and Mr Clown knows it.
Equity is not wealth.
Equity is only wealth in business.0 -
Graham_Devon wrote: »I predicted that about 2 weeks ago.
I was talking, as you can see, about predictions from around 9 months ago.
Sorry, fail
My prediction has always been around the 30% to 35% mark. It is this week it was last week, and it was the same, months and months ago. :money: It'll be the same next week and the following too.0 -
So what did you mean by this
Though it's passed your prediction
I meant its gone passed 20% falls by spring.
Were already passed 20% and it's not the end of spring
Mindyou, I guess you could say your not wrong yet, and hope for a few increases!My prediction has always been around the 30% to 35% mark. It is this week it was last week, and it was the same, months and months ago. :money: It'll be the same next week and the following too.
What about when were passed 35%?0
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