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Debate House Prices
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Merryn Somerset Webb in the FT, with some housing market reality.
Comments
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kennyboy66 wrote: »1) Houses have a bit further to fall, could be 10%, could be 15%.
At the current rate of decline that'd be another ~6 months until the bottom plateau is reached.
Exactly what miracle is going to happen in 6 months to arrest the decline in the face of rising unemployment and tight credit conditions?0 -
I can sum it up in 4 words: Beware the bear trap:beer:0
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At the current rate of decline that'd be another ~6 months until the bottom plateau is reached.
Exactly what miracle is going to happen in 6 months to arrest the decline in the face of rising unemployment and tight credit conditions?
I'd be happy to bet with anyone that prices won't fall 15% in the next 6 months. Let me know if you would like to bet that they will.US housing: it's not a bubble
Moneyweek, December 20050 -
kennyboy66 wrote: »I'd be happy to bet with anyone that prices won't fall 15% in the next 6 months. Let me know if you would like to bet that they will.
Don't worry if they want too much on, I'm happy to take the surplus bets off your hands, you can hedge with me at 11/10Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
how about 20% over the next two years....any takers for £100It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Good article, thanks. I hear a lot of people saying that they think it's a good time to buy, so obviously the reality of this crash hasn't hit the general public yet. Unfortunately they aren't likely to read this.
i would disagree if you can get a property that has already priced in price drops - if you find a very motivated seller it's a good time to buy.0
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