Blanchflower joins 70% club

StevieJ

A post by KON on the Motley Fool board pointing out the fact that the LTV has already dropped by around 30%


If we base our expectations on the house price to earnings ratio, we are likely to see a peak to trough drop of 30%

I've got to admit he is good!

HPER
2007 Jul 5.84
2007 Aug 5.81
2007 Sep 5.76
2007 Oct 5.75
2007 Nov 5.64
2007 Dec 5.74
2008 Jan 5.61
2008 Feb 5.46
2008 Mar 5.43
2008 Apr 5.35
2008 May 5.18
2008 Jun 5.07
2008 Jul 4.97
2008 Aug 4.87
2008 Sep 4.79
2008 Oct 4.67
2008 Nov 4.56
2008 Dec 4.51
2009 Jan 4.65
2009 Feb 4.52
2009 Mar 4.38
2009 Apr 4.26 -27.03%

dopester

macaque wrote: »

http://www.citywire.co.uk/personal/-/video/money-property-and-tax/content.aspx?ID=366921&re=7472&ea=174368

Argghh Blanchflower annoys me. Playing the hero.

He should have considered what follows after allowing 300% HPI, and voting for lower interest rates during the boom.

"Save people from negative equity", stop house prices falling, ect ect... no allowance for rebalance from Blanchflower. He wants the market rigged, and new entrant forced to pay rigged high prices.

At least he recognises it is deflation we're in (even if the twonk thinks reflation is the way out) - whereas so many on the forums refused to accept deflation was ever coming, refuse to accept it is deflation right now, with the real prospect of hyperdeflation which QE is fending off for the moment.

lostinrates

JonnyBravo wrote: »

:T Great post.

Now all we need is someone to point out such a large demand for tea would affect it's price.

My standard reply is usually that I heard something on Radio four about this:o, and scarily, I did.......no seriously, I really did.:eek:

carolt

Really2 wrote: »

Love the smiley face.

We could do a Rorshact test (spelling?) - what can YOU see in the tea leaves?

30% or 70%?