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Debate House Prices
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The Future
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JonnyBravo wrote: »Dan I'm amazed you let anything nearlynew or shakerbaby says get "on your nerves".
They have consistently proven themselves to be posters of little value (no value?). They simply trot out their limited repertoire of soundbites as some sort of Pavlovian response to anything that challenges their preconceived ideas of how house prices and the economy at large will run for the next few years.
JB has it spot on - they are happy at winding people up...
let them be - they're all getting found out sooner rather than later....0 -
What you must remember and not lose sight of is that it is not personal.If you are heavily invested in property you obviously wouldn't want to see values plummet. On the other hand if you have been priced out for many years and are in rented/with parents etc and want a place of your own you obviously want to see falls. I know I have simplified this but it does actually all boil down to this. Houses were never going to fall that much, not in this country anyway, anyone that thought we would see more than 20% falls are barking mad or that desperate they actually started to believe they would.0
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They might as well shut it down, it seems many over there are giving up after today's news.
What! have they heard that Dev is going to take up permanent residence :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Dr.Octagon wrote: »What you must remember and not lose sight of is that it is not personal.If you are heavily invested in property you obviously wouldn't want to see values plummet. On the other hand if you have been priced out for many years and are in rented/with parents etc and want a place of your own you obviously want to see falls. I know I have simplified this but it does actually all boil down to this. Houses were never going to fall that much, not in this country anyway, anyone that thought we would see more than 20% falls are barking mad or that desperate they actually started to believe they would.
I'm neither desperate (own 2 houses) nor barking mad.
I originally thought we would see 20-30% drops and once we got to 20% (very quickly) I wondered if the 30-40% bracket was possible.
I'm still not convinced this rally is sustainable and like everyone else expect to see fallback this winter. How much I'm not sure though.
I really will be surprised if Feb 09 was the low point but anything is possible and the likelihood that it was the low point increases day by day I guess.
As for the bit I've bolded, yes, in general terms I guess you're right. It is of course an oversimplification but anything which generalises will be. On the whole it isn't far off the mark I guess.0 -
I don't think the board can close now Inspector Monkfish has started this thread....
http://forums.moneysavingexpert.com/showthread.html?t=1908085
I'm not sure that big boned lady has started singing yet...It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
lemonjelly wrote: »I don't think the board can close now Inspector Monkfish has started this thread....
http://forums.moneysavingexpert.com/showthread.html?t=1908085
I'm not sure that big boned lady has started singing yet...
Even if it is revised down. Does that not mean an positive for Q3 becomes more likely?0
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