'No quick return' to housing boom

Heyman_2

HAMISH_MCTAVISH wrote: »

:rolleyes:

mizzbiz

I'm more interested (and tend to believe more) the story above about a woman paying 88k interest on a debt of £500.

Was that the boom Hamish?

(PS posting the Express on a nice forum like this is the equivelant of wearing Dunlop trainers at school when you're a kid)

chucky

ad9898 wrote: »

The normally bullish RICS are sounding words of caution regarding 2010, they're not quite going as far as me when calling 2009 a 'fake year' propped up by massive government borrowing, but for them to say 'the outlook remains clouded' is a nod and a wink to the reality of the situation.


http://news.bbc.co.uk/2/hi/business/8185515.stm

As far as 2009 is concerned, I think the government and the media need to be commended, with 'talk' and 'borrowing' they seem to have convinced a large portion of the public that the emporer has a great new outfit on again. Something that seemed unimagineable last winter.

so no 70% drops, no 50% drops and no 30% drops
some people got it horribly wrong...

lemonjelly

Mizzbizz, if interested in that story you may wish to look here http://forums.moneysavingexpert.com/showthread.html?t=1861849

I'm intrigued that 2 similar stories are reported on the same day, & wonder why...

I have worked with the loanshark task force in birmingham & have been very impressed by them.

the_ash_and_the_oak

chucky wrote: »

so no 70% drops, no 50% drops and no 30% drops
some people got it horribly wrong...

tbf don't really think there were many suggestions of 70% drops from anyone, or that you really need to bolster your own outlook via comparisons to minority extreme oppositional views. there were some 50% drop predictions out there, though I never thought that likely. I did think the falls would be greater than 30%, not really seeing anything thats changed my opinion on that tbh

chucky

the_ash_and_the_oak wrote: »

tbf don't really think there were many suggestions of 70% drops from anyone, or that you really need to bolster your own outlook via comparisons to minority extreme oppositional views.

yes only on this forum not in reality - and i have no need to bolster my own outlook. it's very amusing that there were/are these people knocking about.

the_ash_and_the_oak wrote: »

there were some 50% drop predictions out there, though I never thought that likely.

again extremely unlikely but a large majority on this forum - some are still about and still think (hope) that they'll drop 50%. shame it's not going to happen... what social and economic repurcussions do you think would come with 50% house drops?

the_ash_and_the_oak wrote: »

I did think the falls would be greater than 30%, not really seeing anything thats changed my opinion on that tbh

30%?? now that is reasonable - 35% or even 40%. not in my viewpoint but general viewpoint. i never thought it would be 30% but i never dismissed it like the 50% and 70%...

you would live in fantasy land and be out of touch of reality if you expected 50% average drops or more in the whole of the UK.

the_ash_and_the_oak

Its probably better to engage with realistic oppositional arguments tbh. a 'victory' against more outlandish arguments from an opposite view does a disservice to both sides of an argument

Dan:_4

the_ash_and_the_oak wrote: »

Its probably better to engage with realistic oppositional arguments tbh. a 'victory' against more outlandish arguments from an opposite view does a disservice to both sides of an argument

My 'Spring 2009 bottom' was consided outlandish.

the_ash_and_the_oak

Dan: wrote: »

My 'Spring 2009 bottom' was consided outlandish.

not really tbh. you've pretty consistently stated stagnating prices once bottom reached.

if your views were outlandish they would not be worth engaging or disagreeing with

chucky

the_ash_and_the_oak wrote: »

Its probably better to engage with realistic oppositional arguments tbh. a 'victory' against more outlandish arguments from an opposite view does a disservice to both sides of an argument

but when a less pessimistic view is put forward and is dismissed i find it highly amusing that these 'people' with such extreme views still think it's going to happen.

i wish them good luck but doesn't stop me laughing at them :beer: