Debate House Prices


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Very tasty Bull Food this week.

12357

Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 21 July 2009 at 7:06PM
    IveSeenTheLight wrote: »
    I can, but was busy

    Here you are ;)

    http://forums.moneysavingexpert.com/showpost.html?p=19667373&postcount=51

    So, had QE, NR nationalisation and BoE rates at record lows not happened then ;)

    It's ok, I accept your explanation.
    It surely was a bit early to be drunk on a Thursday but as always, I agree you are off your rocker ;)

    P.s. How much was the wager?

    Yer, off me rocker then.

    However, least I only changed to 45-55% :p (and yes, I do stand by that, and no, I don;t think 70% is completely impossible).

    Must say though, though I know you will never believe it, that wasn't a prediciton, was a wager :p

    I guess, we'll see!

    Edit:

    Actually, the only prediciton I have seen the bulls make, is from Stevie, at 20% down from peak. I don't think I have ever seen any other bulls make predictons, only laugh at others.

    Anyone care to predict?
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Graham_Devon wrote: »
    Yer, off me rocker then.
    :T
    I applaud you for acknowledging it ;)
    Well done, you can start the road to recovery ;)
    Graham_Devon wrote: »
    However, least I only changed to 45-55% :p (and yes, I do stand by that, and no, I don;t think 70% is completely impossible).
    I thought you were now agreeing with some mesiah who predicted 30-40%. But I don't want to search again to proove what you said, you know it and that should be enough
    Graham_Devon wrote: »
    Must say though, though I know you will never believe it, that wasn't a prediciton, was a wager :p

    Ok, Would you wager that Man Utd will retain the Prem Leage but predict Chelsea :confused:
    I thought you put a wager on what you believe will happen.
    Maybe your still off your rocker ;)
    Graham_Devon wrote: »
    Actually, the only prediciton I have seen the bulls make, is from Stevie, at 20% down from peak. I don't think I have ever seen any other bulls make predictons, only laugh at others.

    Anyone care to predict?

    I stated over a year ago that UK average house prices were 22% overvalued and that that was what house prices needed to correct by.

    http://forums.moneysavingexpert.com/showpost.html?p=11258337&postcount=35

    I also said that historically prices overshot the long term trend and that it was possible and likely to happen again.

    To be fair I think at the start of this all, I did say something like 15%, so 2 years down the line, I'm not that far out so far am I

    That said, with greater media awareness, QE impact, bank stimulus, low interest rates, its unclear if the overshoot may be stemmed.
    Time will tell

    P.s I hold my hand up, I do have a giggle at the 70% club, it still makes me laugh ;)

    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    So can I laugh at you equally then, considering you said 15% and we have passed that already ;)
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    So can I laugh at you equally then, considering you said 15% and we have passed that already ;)

    No we have not, FT index -15% from peak (check my sig) icon7.gif
    '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 Thatcher
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    StevieJ wrote: »
    No we have not, FT index -15% from peak (check my sig) icon7.gif

    An index even you couldnt figure out.

    The index which still puts house prices at an affordable 200k.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    An index even you couldnt figure out.

    The index which still puts house prices at an affordable 200k.

    That's the one icon7.gif I think we decided that they were the only ones that included all house price data.
    '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 Thatcher
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    StevieJ wrote: »
    That's the one icon7.gif I think we decided that they were the only ones that included all house price data.

    Well you use that. No one else is, be that the media, government, or anyone half sensible on these forums.

    We all know the LR is the one to use, though I understand it's hovering around your prediction, and past ISTL's.

    This is why I can't really see why it's so hilarious to be going around mocking everyone elses predictions, when so far, they are not wrong, and you and ISTL, are.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    Well you use that. No one else is, be that the media, government, or anyone half sensible on these forums.

    We all know the LR is the one to use, though I understand it's hovering around your prediction, and past ISTL's.

    This is why I can't really see why it's so hilarious to be going around mocking everyone elses predictions, when so far, they are not wrong, and you and ISTL, are.

    Sorry, remind me why I am wrong :confused:
    '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 Thatcher
  • bluey890
    bluey890 Posts: 1,020 Forumite
    StevieJ wrote: »
    Sorry, remind me why I am wrong :confused:

    He beat you with his Chewbacca Defense. :)
    http://www.urbandictionary.com/define.php?term=chewbacca+defense
    Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
    Personality type: Compassionate Male Armadillo. Sockies: None.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    bluey890 wrote: »
    He beat you with his Chewbacca Defense. :)
    http://www.urbandictionary.com/define.php?term=chewbacca+defense

    He always does that, I notice Wookie gets a mention there icon7.gif also known as BBB.
    '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 Thatcher
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