'No quick return' to housing boom

Dan:_4

the_ash_and_the_oak wrote: »

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

It has been my long-term prediction that house prices would bottom Spring 2009.

If you require evidence, see my post on page 4 on ths thread: (from last November)
http://forums.moneysavingexpert.com/showthread.html?p=16212783&highlight=april#post16212783

You will also notice, from the other posts and the poll, that this prediction was consided outlandish by many.

the_ash_and_the_oak

Dan: wrote: »

It has been my long-term prediction that house prices would bottom Spring 2009.

If you require evidence, see my post on page 4 on ths thread: (from last November)
http://forums.moneysavingexpert.com/showthread.html?p=16212783&highlight=april#post16212783

You will also notice, from the other posts and the poll, that this prediction was consided outlandish by many.

i require no evidence. am well aware your views have been consistent. just never found them outlandish imo, merely disagree with them

ad9898_3

chucky wrote: »

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

Lets see when it all pans out hey, are you saying that there won't even be another 10% drop over the coming 18-24 months ? If you are , I say you will be wrong, can't people see, the economic conditions have not changed we just painted a pretty picture over the situation with borrowed money.

Dan:_4

ad9898 wrote: »

Lets see when it all pans out hey, are you saying that there won't even be another 10% drop over the coming 18-24 months ? If you are , I say you will be wrong, can't people see, the economic conditions have not changed we just painted a pretty picture over the situation with borrowed money.

If we get another 10% drop it will only be around 3% down from the Feb 09 bottom.

HAMISH_MCTAVISH

Dan: wrote: »

If we get another 10% drop it will only be around 3% down from the Feb 09 bottom.

:rotfl:

And even thats looking unlikely now.

ad9898_3

Dan: wrote: »

If we get another 10% drop it will only be around 3% down from the Feb 09 bottom.

How so ? you're Halifax index is reading 20.29%, I think the worst it got to was 22 something wasn't it ?

ad9898_3

HAMISH_MCTAVISH wrote: »

:rotfl:

And even thats looking unlikely now.

Laugh all you like Hamster, you'll disappear when prices fall again, thats almost certain, but I will drag this thread up and do a bit of the 'rolling head smiley' myself.:D

Dan:_4

ad9898 wrote: »

How so ? you're Halifax index is reading 20.29%, I think the worst it got to was 22 something wasn't it ?

Fair enough. But using Nationwide the average house price in February was £147,746. This has now gone up by 7.5% to £158,871. The 7.5% rise will be a lot to fall before we see any further 'real' falls.

ad9898_3

Dan: wrote: »

Fair enough. But using Nationwide the average house price in February was £147,746. This has now gone up by 7.5% to £158,871. The 7.5% rise will be a lot to fall before we see any further 'real' falls.

Ah ok Dan, mate fair enough, as long as we can all use which ever index suits us........ oh I forgot, we do.:D

My answer to chucky though was I do expect to see another 10% off that bottom figure at some point, but it will most likely be after the election now, especially with the news of the fake money this afternoon.

Dan:_4

ad9898 wrote: »

Ah ok Dan, mate fair enough, as long as we can all use which ever index suits us........ oh I forgot, we do.:D

My answer to chucky though was I do expect to see another 10% off that bottom figure at some point, but it will most likely be after the election now, especially with the news of the fake money this afternoon.

No 'bull' could rule it out.