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Debate House Prices
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House prices 'will fall up to 10% next year and take years to recover'
Comments
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Time for some graph pron!;)
it's desperate that the more negative posters cling to what Capital Economics say - they've got it wrong more often than not. :T
a little lesson for the HPCer don't believe something because it suits your viewpoint - it doesn't mean it's going to happen... :money:0 -
worldtraveller wrote: »My post concerns the period of the 'financial crisis', where I believe that they have been more accurate than others about the general economy. It is not about the largely earlier periods that your article mentions. But, generally, as indicated by my post, I have little time for any of them. The better of several evils maybe? Can you name any better?
What about Joe Public
Question: I've been getting more and more e mail from people who are worried that the policies of the Bush administration will bring about a severe economic downturn or, perhaps, even another Great Depression. Do you believe that the problems in the real estate market, the falling dollar, the massive current account deficit, or the shaky hedge fund industry are likely to cause major meltdown?
http://www.marketoracle.co.uk/Article968.html'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 -
it's desperate that the more negative posters cling to what Capital Economics say - they've got it wrong more often than not. :T
a little lesson for the HPCer don't believe something because it suits your viewpoint - it doesn't mean it's going to happen... :money:
I think that CE need a new Sockie website, that chart will follow them around for ever.'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 -
I predict that anyone who makes predictions will always be wrong.
Challenge that one
Probably not if they stick with the same prediction (like a stopped clock even that is correct twice a day) '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 -
House prices 'will fall up to 10% next year and take years to recover to pre-recession levels'
seeing that this article uses the Nationwide as it's chosen Property Index
if the Nationwide has increased by approximately 9% already from it's low this year and is predicted to fall up to 10% next year that means that the people will only be better off by 1.9% (btw it's not 1% better off) instead of buying some point this year...It comes as the Nationwide building society revealed a sharp fall in mortgage lending and profits for the first half of this year.
they will have missed out on the the better mortgage rates this year and be paying higher mortgage repayments.
is this good news for the HPCers? doesn't sound it to me... :rolleyes:0 -
Weren't CE predicting a fall of 20% up until very recently?
http://www.marketoracle.co.uk/Article7183.html
This is very concerning - the last time that CE scaled back their incessant caterwailing about house price crashes, we promptly went into a house price slide for 15 months, and we are only starting to come out of that now.
Yip - if CE are getting less bearish, then its time for us all to be afraid. Be very afraid. 0 -
House prices 'will fall up to 10% next year and take years to recover to pre-recession levels'
:beer: Hope so!0 -
I suppose I was trying not to be rude. So I will try being direct.
Why didn't you buy decades ago?
You must regret not buying a lot.
You would have been half way through paying off a mortgage by now.
A 10% drop seems like poor consolation for such a financial faux pas.
Just discovered this gem.
Well, a 10% drop isn't actually 'consolation;. I don'y think house prices go up or down to console me.
Of course I'd be better off financially if I'd bought a decade ago. But I didn't. Equally, I'd be 10% of about 250K ie about 25K, better off if they fell 10%. Which is 25K plus 25 years of interest.
That seems like lots of money to me.
Do you have the ability to time travel, GH?
No, thought not. So maybe your 'advice' is less than constructive?
Oh, by the way GH, what name should I actually address you as. You see I've never met a poster called GeneHunt, yet you seem to know an awful lot about me....:rolleyes:
Do tell us - I love greeting old friends....0
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