UK Property to HALVE Between Now and July 29, 2010

fc123

Actually...the yield on this ex council stuff must be huge. Even Mrs Thatcher couldn't have imagine this outcome.

Another one £2947 pcm

RDB

fc123 wrote: »

Actually...the yield on this ex council stuff must be huge. Even Mrs Thatcher couldn't have imagine this outcome.

Another one £2947 pcm

Yes but how long can it last?

Doesnt it just show how overpriced the housing market still is?

Yoshua

lostinrates wrote: »

Actually I'm with Cleaver on this: London does hve grotty areas, often small pockets, in otherwise ''nice areas''. I'm thinking of paticular estates in SW3,. SW7, NW3 etc. However small the areas, however exclusive the post code, you would catch me linving in them. OTOH if they were not between me and the tube/bus stop I'd live -and hundreds of thousands of others do live -under, well under, half a mile from them and feel quite satisfied with where they live. Its the nature of city living, by and large.

yes

everyone know now prices are falling

IveSeenTheLight

fc123 wrote: »

Schools..that's the killer. Cleaver and Mrs C don't have any kids yet....'kids-free', you can get by pretty much anywhere 'before kidis'.

What ones everyday life revolves around changes once kids arrive and they get to age 4/5.

The thing is about above, I would have thought that most people look to the future. I certainly did when I bought our family home before we had kids. the thought process was that we wanted to have a settled home.

I do understand that younger people have an attraction to live in city centres while they have an interest in the social / weekend scene, but when couples get together and start to plan their future, they really ought to plan ahead.

Sorry if the above sounds to simplistic, which I understand it is, but it's almost like we as a society no longer plan / save / prepare for the future.

As for your story about your friend, it really does shock me that someone can get housing benefits to live in the nicest areas. To me housing benefits should be there to make sure that people have the basic necessities covered, not so they can be subsidised to live in a better area.

StevieJ

geoffky wrote: »

THIS article is very very bearish.... and its from moneyweek who are respected.


[FONT=Georgia, Times New Roman, Times, serif]Don’t buy into the property rally, reader. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]It’s for SUCKERS. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]You have a right to be skeptical. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Nationwide reported that May house prices rose by 1.2%. Halifax claimed a rise of 2.6% for the same month. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]The Bank of England confirmed that new mortgage approvals (often a good forward indicator) climbed 8% during April to 43,201, their highest level for almost a year. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]So do the property optimists seem to have a point? [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]In a word: NO.[/FONT]
[FONT=Georgia, Times New Roman, Times, serif]Dig below the surface, and the outlook is far worse than most in the mainstream press are willing to let on. [/FONT]
[FONT=Georgia, Times New Roman, Times, serif]There are five rock-solid reasons why we think residential property will halve between now and July 29, 2009: [/FONT]

http://www.fsponline-recommends.co.uk/page.aspx?u=mwkrally1&tc=EMYKK703&PromotionID=2147066252&u=857928&g=0&o=75290&l=170361&

Moneyweek are so funny, same link similar promotion just different date [FONT=Georgia, Times New Roman, Times, serif]It’s for SUCKERS. [/FONT]They got one thing right.

Mr.Brown_4

StevieJ wrote: »

Moneyweek are so funny, same link similar promotion just different date [FONT=Georgia, Times New Roman, Times, serif]It’s for SUCKERS. [/FONT]They got one thing right.

Blimey Stevie.. nothing on the telly?

nollag2006

Aaah Moneyweek - what a comic that is !

It is funny though to read the bears' comments here. A lot of them have gone very quiet in the intervening period.

I wonder why ?????????????????/

HAMISH_MCTAVISH

StevieJ wrote: »

Moneyweek are so funny, same link similar promotion just different date [FONT=Georgia, Times New Roman, Times, serif]It’s for SUCKERS. [/FONT]They got one thing right.

Priceless.

This thread was created 9 months ago, claiming 50% falls by July this year.

Property has risen markedly since then.

And the original poster is now trying to buy a house, according to his posts on hpc.

and its from moneyweek who are respected.

Perhaps he has now figured out why they are not.......

Graham_Devon

Hamish, are you not the one who said there wouldn't even be a crash on HPC??

HAMISH_MCTAVISH

Graham_Devon wrote: »

Hamish, are you not the one who said there wouldn't even be a crash on HPC??

Nope. Never said that.

In fact, all of my long term predictions have been on the pessimistic side of what has subsequently happened.

But I've also been amongst the first to point out more positive news, and speculate it would have an impact.

As indeed, it did.....