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So the 'crash' is over, how was it for you?

Conrad
Conrad Posts: 33,137 Forumite
10,000 Posts Combo Breaker
edited 22 September 2009 at 1:07PM in Debate House Prices & the Economy
As I predicted in 2008, the crash would be over by late summer / Autumn 2009, at least for the S East, although it now seems I may have been overly cautious as there are signs much of the rest of the UK has bottomed.

So, how was it for you?

A dissapointment?
«13456

Comments

  • carolt
    carolt Posts: 8,531 Forumite
    Oh stop trolling Conrad.

    Haven't you got something better to do...BTL needing work, or something?
  • Conrad wrote: »
    As I predicted in 2008, the crash would be over by late summer / Autumn 2009, at least for the S East, although it now seems I may have been overly cautious as there are signs much of the rest of the UK has bottomed.

    So, how was it for you?

    A dissapointment?

    don't really agree its over imo. but - to this point - its been both a) good (I remain employed), and b ) bad (my parents still can't find a buyer for their house)
    Prefer girls to money
  • inspector_monkfish
    inspector_monkfish Posts: 9,276 Forumite
    edited 22 September 2009 at 1:27PM
    Conrad wrote: »
    As I predicted in 2008, the crash would be over by late summer / Autumn 2009, at least for the S East, although it now seems I may have been overly cautious as there are signs much of the rest of the UK has bottomed.

    So, how was it for you?

    A dissapointment?


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    hahahahahahahahahahahahahahahahahahahahatwatahahahahahahahatwathahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahatwatahahahahahahahahaha;):D
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  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Conrad wrote: »
    As I predicted in 2008, the crash would be over by late summer / Autumn 2009, at least for the S East, although it now seems I may have been overly cautious as there are signs much of the rest of the UK has bottomed.

    So, how was it for you?

    A dissapointment?

    What?

    If the crash was over, it ended in Feb. That's a couple of seasons out fella.

    Seems a funny time, when it looks like most of the experts and most on here are predicting falls to be calling NOW the time the crash ended after 6 months of rises, and now the time when it has bottomed.

    Scary mortgage advisor!!
  • Cannon_Fodder
    Cannon_Fodder Posts: 3,980 Forumite
    edited 22 September 2009 at 1:55PM
    Graham, you've made the mistake of accepting Hamish's (and others) insistence that Nationwide represents reality. Its 1 index, over a smallish proportion of the market. Not to be relied upon, unless going down!

    Halifax only joined in properly in the summer.

    Land Registry may well follow suit as its "catches up".

    Doesn't mean the OP's premise holds water, either though, as we don't know what the winter will bring.

    Are "stalling" sales going to push prices up if they contain a relatively high proportion of "good" houses, or will it push prices down due to FTBs jumping in, for small/cheap houses, after saving hard for the previous 12 months...?
  • DiggerUK
    DiggerUK Posts: 4,992 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Conrad wrote: »
    So, how was it for you?
    A disappointment?
    Well this time last year gold was under 500 pounds an ounce. Now it's over 600 pounds an ounce.
    Ask me again next year will you. I'm still confused by the whole process.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Hey loves,

    The only remaining uncertainity is the impact the abscence of subprime lending will have on the aplitude of price rises, but steady rises we shall continue to see.

    I should have bought that flat in Harlow in December - grrrrr
  • tek-monkey
    tek-monkey Posts: 1,434 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You're wrong mate, prices will fall 50%. Someone on this board said so, so it must be true.
  • tek-monkey wrote: »
    You're wrong mate, prices will fall 50%. Someone on this board said so, so it must be true.

    No your'e wrong mate.
    Some on here still prescribe to the 70% club ;)
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • tek-monkey
    tek-monkey Posts: 1,434 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I hope so, will make buying the rest of my shared equity a lot cheaper!
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