Ok lets place our bets on house prices in 2013

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mitchaa wrote: »

Haha brilliant, Homes on credit cards:D

You've been quiet recently Dopester, are you just recuperating after those MOM gains earlier in the year

I don't think that is what he meant, 22k for an average house would be very expensive if your average wage only bought you a can of pop and some sweets, I'm exaggerating, but you get the drift.

inspector_monkfish

mitchaa wrote: »

In 2013, prices will be higher than what they are now.

2009 - 5-10% drops
2010 - Stagnation +/- 2-3%
2011 - Market is off again as everyone jumps in
2012 - and again
2013 - and again

House prices in 2013, average of around £160-£170k.

Easy.

:wall::wall:

inspector_monkfish

mitchaa wrote: »

Yes i am a loon:p

Clearly

adr0ck

2013 average house price will be ..........................................
at a guess say £165K..........maybe a bit more

Jinky67_2

In 6 months (end of 2009) im going to buy my first home, in Scotland around the £80k mark.

In 2013 I predict it will be worth around the £80k mark.

mitchaa

inspector_monkfish wrote: »

:wall::wall:

You clearly know better, any chance of the winning lotto balls tonight please;)

tuggy12

penguine wrote: »

Why not say what you think then?
It's easy to mock others when you won't put your own opinions on the line.

I wasn't mocking others, I was merely saying that 'some' posts were overly pessimistic.

I hate the use of the term 'average price' because it's affected by so many variables.

However, the 'average price' will always be heavily influenced by the cost of new builds and the cost of new builds is heavily infuenced by inflation levels, land prices and to some extent, exchange rates.

I think the trend in house prices will turn from deflation to low level inflation by mid 2010 perhaps at 2%pa and will continue at a low level for several years.

RDB

mitchaa wrote: »

In 2013, prices will be higher than what they are now.

2009 - 5-10% drops
2010 - Stagnation +/- 2-3%
2011 - Market is off again as everyone jumps in
2012 - and again
2013 - and again

House prices in 2013, average of around £160-£170k.

Easy.

Very funny post Mitchaa, its even more hilarious when you look under it to see who thanked you and a small `Dan` he he he

You know you guys are on your own in believing the media of late.

So you thin the the cycle that has always happened will not continue this time and the graph that has so steeply gone down of late will suddenly stop now halfway through its decline and actually start going up?

How can anyone be so deluded?

dopester

mitchaa wrote: »

You've been quiet recently Dopester, are you just recuperating after those MOM gains earlier in the year

Yes those minor upward fluctuations on the descent are a bit annoying.

Difficult times already for many, and harder times still ahead, including in your neck-of-the-woods.

For it to work out the way you imagine - well maybe your sector might just survive through these times in fair shape.

You might get the contract to supply and maintain the helicopters for Captain Gordon and crew to buzz around debt-torn/50% tax/ United Kingdom - to keep dropping huge wads of money down, so we can afford houses at your crazy price levels.

Yoshua

mitchaa wrote: »

In 2013, prices will be higher than what they are now.

2009 - 5-10% drops
2010 - Stagnation +/- 2-3%
2011 - Market is off again as everyone jumps in
2012 - and again
2013 - and again

House prices in 2013, average of around £160-£170k.

Easy.

Just have to see who is nearer the truth, this is my pridiction

2009 - 5-10% further drops
2010 - 5-10% further drops
2011 - 5-10% further drops
2012 - Stagnation - 2-3%
2013 - back up to the mean long term average because it overshot