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Debate House Prices


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House prices were 38% over-valued

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Comments

  • dfh
    dfh Posts: 1,073 Forumite
    Well,to make some people happy,there is no house price crash and same time next year prices will have doubled and you will all sell and make huge profits !
    Wake up !
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 16 August 2009 at 9:34PM
    dfh wrote: »
    Well,to make some people happy,there is no house price crash and same time next year prices will have doubled and you will all sell and make huge profits !
    Wake up !

    i don't think that will happen somehow - what we may see and most probably happen is many people that wanted to buy not buying as they will have to pay higher mortgage rates compared to 6 months ago... :rolleyes:
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    dfh wrote: »
    Well,to make some people happy,there is no house price crash and same time next year prices will have doubled and you will all sell and make huge profits !
    Wake up !
    I've nothing to sell though ... and if my timing's off then I'll never get one. I am expecting to buy in 2011/2012.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chewmylegoff wrote: »
    i suppose i should read properly, rather than quickly look at the pictures and read every 20th word.
    A skimming skill you no doubt picked up when you saw this advert
    http://i32.tinypic.com/2nvedet.jpg
  • ManAtHome
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    Won't ask what you were googling...
  • Mrs_Bones
    Mrs_Bones Posts: 15,524 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    A friend has just had an Estate agents round to vaule her house, now she has no reason to move, she's just got itchy feet for a change, but the estate agent has told her if she doesn't need to move she is better staying put for the time being, according to him no matter what the papers are saying houses are just not selling. I don't think she was expecting that advice from the estate agent but I guess it shows how serious things are and maybe not as rosy as we are being led to believe.
    [FONT=&quot]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT=&quot][/FONT]
  • treliac
    treliac Posts: 4,524 Forumite
    Mrs_Bones wrote: »
    A friend has just had an Estate agents round to vaule her house, now she has no reason to move, she's just got itchy feet for a change, but the estate agent has told her if she doesn't need to move she is better staying put for the time being, according to him no matter what the papers are saying houses are just not selling. I don't think she was expecting that advice from the estate agent but I guess it shows how serious things are and maybe not as rosy as we are being led to believe.

    An honest EA !!!!

    I don't relate to titles of 'bull' or 'bear' but common sense seems to dictate that all this ramping up of the market is just that, and of no substance at all.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Mrs_Bones wrote: »
    A friend has just had an Estate agents round to vaule her house, now she has no reason to move, she's just got itchy feet for a change, but the estate agent has told her if she doesn't need to move she is better staying put for the time being, according to him no matter what the papers are saying houses are just not selling. I don't think she was expecting that advice from the estate agent but I guess it shows how serious things are and maybe not as rosy as we are being led to believe.

    It might be better to try to sell now before everyone realises the market is going down again, however as th EA said it is difficult to sell especially with chains collapsing due to prudent lending conditions compaired to sellers inflated delesional prices.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    edited 17 August 2009 at 8:54AM
    I thought when IR rates were dropping Blanchflower had a VI and "knew nothing".
    Now he is spot on? Believe what you like, but at least be consistant.
    brit1234 wrote: »
    Can we vote for the eviction of Blanchflower and say replace him with someone who knows what they are talking about like Peter Schiff.
    schiff.jpg


    Watch this clip from August 2006 and see how right he was and how wrong his opponent was.

    http://www.youtube.com/watch?v=LfascZSTU4o

    Quality.:D
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    brit1234 wrote: »
    It might be better to try to sell now before everyone realises the market is going down again, however as th EA said it is difficult to sell especially with chains collapsing due to prudent lending conditions compaired to sellers inflated delesional prices.

    but Brit you've forgotten to answer these questions... :confused:
    chucky wrote: »
    just taken a look at TW8 and it's not dropped a huge amount Brit...

    default.asp?g=1&gt=1&a=E%26W%2DALL&ac=Hounslow&s=01%20January%202004&e=01%20June%202009&t=4
    property is still at November 2006 prices in your area which is no where remotely near your predicted 50% drops by the way.

    can you explain if property was 38% overpriced and they're also going to drop further, why house prices haven't dropped to the September 2004 house price level like it has for England & Wales?
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