The Unthinkable Could Happen

mr.broderick

http://news.sky.com/skynews/Home/Business/Nationwide-House-Price-Survey-Says-Prices-May-End-2009-Higher-Than-Start-Of-The-Year/Article/200907415349579?lpos=Business_Second_Home_Page_Article_Teaser_Region_7&lid=ARTICLE_15349579_Nationwide_House_Price_Survey_Says_Prices_May_End_2009_Higher_Than_Start_Of_The_Year

nearlynew

This time next year, average prices will be lower than now.

100% guaranteed.

Hold your nerve FTBs and bears and don't believe the hype.

carolt

Or it Could Not.

Dan:_4

nearlynew wrote: »

This time next year, average prices will be lower than now.

100% guaranteed.

Hold your nerve FTBs and bears and don't believe the hype.

HaHa You sound like Del Boy - This time next year we're be millionaires Rodney!

nearlynew

You are a plonker sometimes Dan.

PasturesNew

I still have my hand on my tuppence .... and my house deposit (100% deposit at the moment).

ad9898_3

But Mr Gahbauer, speaking to Sky News, said homeowners should brace for more falls.
And Jonathan Davis, the analyst who predicted the 2007 housing crash, said prices would fall another 30% before they get better.
"I have been predicting that house prices would fall by between 40-50% since last September's high and nothing's changed my mind," he told Sky.
"Unemployment is soaring, Government debt is massive, the macro economic position is terrible."

Good to see some realism in the article, even though it's in the last paragraph. Massive mortgage borrowing, being supported by massive government borrowing......... anyone have any idea where this is going in the medium term.:D

wolvoman

nearlynew wrote: »

This time next year, average prices will be lower than now.

100% guaranteed.

Hold your nerve FTBs and bears and don't believe the hype.

In real terms or nominal? No chance in nominal.