AN estate agent with a brain? Savills warning of price drops

StiflersMom

PricedOut wrote: »

50% falls by Chrimbo this year aint gonna happen but they might fall a bit more next year. If I cant afford a house, flat really then I dont see how they can stay the same price. Unless I got a second job but thats not very likely.

:rolleyes:
The market isn't going to move south just because you can't afford a house.



Buy now, while there is still time to get back in at pre-credit crunch prices. The BOE will only stop QE once the credit market completely thaws, and by that time house prices will be much much higher than today, and certainly a multipe of Aug 2009 figres


:rotfl:

the_ash_and_the_oak

StiflersMom wrote: »

The BOE will only stop QE once the credit market completely thaws, and by that time house prices will be much much higher than today, and certainly a multipe of Aug 2009 figres


:rotfl:

Any thoughts on which multiple? 2? 3? surely not 4?

mr_fishbulb

the_ash_and_the_oak wrote: »

Any thoughts on which multiple? 2? 3? surely not 4?

Multiples don't need to positive

I think the BOE takes more things into consideration than just house prices regarding QE.

chucky

PricedOut wrote: »

50% falls by Chrimbo this year aint gonna happen but they might fall a bit more next year. If I cant afford a house, flat really then I dont see how they can stay the same price. Unless I got a second job but thats not very likely.

of course they can fall next year. will they fall lower than the rises this year - i doubt it but you never know.

StiflersMom

the_ash_and_the_oak wrote: »

Any thoughts on which multiple? 2? 3? surely not 4?

No sign of QE easing anytime soon from the PM's comments at today's G20. On the assumption then that QE and low interest rates will remain in place until the end of 2010, I'd say that house prices would be running at a multiple of 1.5 times their August 2009 level by Dec 2010.

Which would be nice !!

:rotfl:

mr_fishbulb

StiflersMom wrote: »

:rotfl:

I can't work out if that's your signature, or if you append it to every post.

:rotfl:

tommy75

StiflersMom wrote: »

:rolleyes:
The market isn't going to move south just because you can't afford a house.



Buy now, while there is still time to get back in at pre-credit crunch prices. The BOE will only stop QE once the credit market completely thaws, and by that time house prices will be much much higher than today, and certainly a multipe of Aug 2009 figres


:rotfl:

StiflersMom wrote: »

(unless you are a HPC muppet)

Not sure about this, are you advising people to buy houses now because you care about other families and feel that if they don't buy now then they will struggle and average house prices are only going up here on in? Or on the other hand, are you trying to change peoples minds in the hope that you can get the odd extra buyer in to help prop up prices where they are because you have a financially vested interest in property? From the way you mock others in many of your posts, I think the latter, hence why I personally have no interest in anything you say. Sorry.

tommy75

chucky wrote: »

they're probably [STRIKE]a bit[/STRIKE] much better qualifed than you Brit...
remember you predictions up until August this year of 50% falls by Christmas 2009...

Brit1234 had no idea Labour would of gone to the extreme lengths it has to maintain property asset prices. We were certainly heading that way before the government + BoE stepped in. I think its a bit harsh to batter him/her forever because of an outdate prediction that was certainly plausible in 2008.

tommy75

PoorYoric wrote: »

But that's what they do. If everyone reported this stuff then it might stop.

No sure why you said that, Chucky's comment was not personal. Brit123 simply gets alot of stick for an outdated prediction all the time from 'bulls' but he/she had no knowledge what lengths the goverment would go to to protect house asset prices when he/she made the prediction.

StiflersMom

Wow !! The bears certainly seem to be on the ropes today.

Come on guys, even housepricecrash and that silly woman with the double barrelled name writing for Moneyweek all now admit the market direction is strongly north.

Whinging on here isn't really going to help your case