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Debate House Prices
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Could we "officialy" come out of recession tomorrow.
Comments
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Joe, you sound just like numerous posters over at singing pig that were saying exactly the same thing back in September 2007...
People at singing pig also took the !!!! out of your predictions on FTSE carnage, banks going under and cable dropping like a stone?
Odd.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
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People at singing pig also took the !!!! out of your predictions on FTSE carnage, banks going under and cable dropping like a stone?
Odd.
Nope. They said that house prices would never fall, it was all a one way bet, that even if prices fell, the government wouldnt let them fall more than 10%.
Most of them had geared heavily using the equity gains in earlier purchases to fund ever increasing prices.
Want to see what happens when prices fall significantly when you are highly geared? As they found out, it isnt pretty.0 -
With Preliminary GDP results out for the last quarter tomorrow is it possible we could be "officially" out of recession?
The current forecast is-0.2% drop, anyone think it could be back to being positive?
Some long faces on here if that happened.Official MR B fan club,dont go............................0 -
Forex now have revised their prediction to -0.3% official news out at 9:30AM0
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Nope. They said that house prices would never fall, it was all a one way bet, that even if prices fell, the government wouldnt let them fall more than 10%.
Oh I see. When you said I sound just like them I thought it was because I sounded just like them.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Sky have "The UK economy shrank by 0.8% in the second three months of 2009 - it's fifth straight quarter of decline - latest figures show."
http://news.sky.com/skynews/Home/Business/GDP-Second-Quarter-Figures-To-Be-Released-Experts-Expect-Contraction/Article/200907415345119?lpos=Business_Top_Stories_Header_2&lid=ARTICLE_15345119_GDP_Second_Quarter_Figures_To_Be_Released%3A_Experts_Expect_Contraction_0 -
ouch -0.8% Guess not then
I suppose now it is a case what the actual will look like and if it will be revised up or down0 -
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