Are we in a boom ?

mr.broderick

http://news.sky.com/skynews/Home/Business/Property-Slump-House-Asking-Prices-Rise-For-Fourth-Month-In-A-Row-Says-Rightmove/Article/200905315283802?lpos=Business_Second_Home_Page_Article_Teaser_Region_8&lid=ARTICLE_15283802_Property_Slump%3A_House_Asking_Prices_Rise_For_Fourth_Month_In_A_Row_Says_Rightmove

Max_Headroom_3

No.

Were there any other questions?

Pobby

Yes right. In a spectacular boom. House prices only go up, I`ve put an end to boom and, oh dear.....yawn.........

Dan:_4

Its likely......but there will be a lot of denial on here.

davilown

Dan, please explain how house prices will /are able to go up in the current climate?

Boom? I'm sorry but your posts are becoming more delusional by the day

chupov

Dan: wrote: »

Its likely......but there will be a lot of denial on here.

yeah, because ppl just would lurve the recession to continue wouldnt they?

:rolleyes:

:rotfl:


I think we'd all like to think things are gonna be better but probably most of us have a bit of a clue .. would not like to be buying on the word of some here who seem to feel they have an obligation to be happy chappys. Wont help the poor suckers when they are in negative equity.

Dan:_4

davilown wrote: »

Dan, please explain how house prices will /are able to go up in the current climate?

Boom? I'm sorry but your posts are becoming more delusional by the day

Try reading the news every day, its nothing like 6 months ago.

ad9898_3

Are we in a boom ?, we could be, apart from the fact I can't find any evidence of rising prices, and then there is the small matter of there being only 40% of the credit available from peak. That could be a problem;).

Still it doesn't cost anything to create a headline, and some of the sheeple are falling for it hook, line and sinker. They are going to get burned when we hit the next leg down, and I'm so confident, I give copyright permission for it to be used in a sig, if anyone wants it.:D

ManAtHome

Well the house of pr@s seems closest to a boom since Guido...

tommy75

'Asking prices for properties have risen for the fourth month in a row'

so?

ad9898_3

tommy75 wrote: »

'Asking prices for properties have risen for the fourth month in a row'

so?

This is going to backfire spectacularly, incredibly there are people out there who now think prices are on the up, sentiment will take a beating when, not only will they not get the higher price they so crave, it will stay on the market longer and so will be worth even less thean if they'd put it on for a reasonable price and tried to sell it now.

The dead cat bounce is going to hurt prices even more in the long run, and so hurt sentiment even more, and lets face it, all the ramping with no substance is trying to do, is change sentiment, as there is absolutely no good economic news out there, which is what would naturally change sentiment positively over time.