Watch Out: the housing market is about to turn back down

doire_2

chucky wrote: »

that's an excellent and intelligent defence of that article :rolleyes:

I thought you would like it

Graham_Devon

Yoshua wrote: »

scary graph

Just looking at the graph, chart, whatever it is for a second, forgetting the ridicule it creates.

Where would people actually put us now? And by what index?

We'd just be approaching the next leg down after "return to normal" wouldn't we, with prices having gained back about half of what they fell from peak on the mortgage company index's?

Or do people disagree?

I still find it an interesting picture, regardless of whether it turns out to be right or wrong.

Certainly, the fall from peak, and then the rise again are detailed in that picture, and it's happened exactly that way.....so far.

For reference...



I suppose the prices have indeed gone a little more than half way though, re-looking, notably nationwide.

Yoshua

chucky wrote: »

yes it's very scary... do you know or even understand what the time-scale on the x-axis is

Chucky must be the only one in the world so deluded.

I wonder how many people when shown both graph would choose chuckys as the most realistic?

Hahahahahahahahahahahahahahahahaha

Graham_Devon

Yoshua wrote: »

Chucky must be the only one in the world so deluded.

I wonder how many people when shown both graph would choose chuckys as the most realistic?

Hahahahahahahahahahahahahahahahaha

With the BOE now being advised they should maybe start looking at buying houses (someone from the BOE on radi 5 live, or was in the BOE earlier)......chucky's probably IS the most realistic.

Seems they will do anything, no matter what the cost, to revive the boom.

Austin_Allegro

Bootski wrote: »

Watch Out! I'm about to increase the price of my property in the new year, at least by 5%.

It was priced to sell but I've found in my area where there is a lot of "wealth" people don't want it.

Been told to "hold out til Christmas when families come together and Mum or Gran put forward an offer, over the Christmas Dinner, to help out their younger family with deposit etc"

Also vica versa, a good time for the youngsters to ask Mum and Dad, Granparents for help with deposit etc to "get them started on the ladder" - Before it's too late!!

Yeah. And the youngsters can pool their £5 book tokens and 10/- postal orders from Gran with their dole money to get enough for that deposit. After all, property only goes up, best get on the ladder...

abaxas

chucky wrote: »

yes it's very scary... do you know or even understand what the time-scale on the x-axis is

We can only hope this happens. State collapses and anyone with a knife/gun/etc can take the property of their choosing.

Strange how people actually want that.

crusty_toenail

Fear and capitulation timed nicely for the second dip of the 'double-dip' recession - hello 2010.

chucky

Yoshua wrote: »

Chucky must be the only one in the world so deluded.

I wonder how many people when shown both graph would choose chuckys as the most realistic?

Hahahahahahahahahahahahahahahahaha

that's a lot of Ha's you got going on there Mr Gold Bug...

my graph, i took from HPC.co.uk - it was mocking the other silly one that Graham posted that doesn't have a time scale. even if it was flat some nutter would claim it was like the Nationwide or Halifax Index.

Graham_Devon

abaxas wrote: »

We can only hope this happens. State collapses and anyone with a knife/gun/etc can take the property of their choosing.

Strange how people actually want that.

I like that. Let's just wait until it happens in America before suggesting house prices falls = people shooting each other on the street.

That's worse than tin hat stuff.

chucky

Graham_Devon wrote: »

I like that. Let's just wait until it happens in America before suggesting house prices falls = people shooting each other on the street.

That's worse than tin hat stuff.

if people think that is the case they should invest in some good home security; an alarm system, several security cameras, pack of savage dogs and a shotgun. At least you will be able to protect what you do own.

i've never heard so much rubbish - even from you Graham