HUGE 10%+ year on year gains coming up...

Generali

doire wrote: »

Just last week i posted a link which stated the Nationwide were predicting house prices falls in 2010 and bad times for the economy.

The bulls on here dimissed it as it was a prediction.

So whats the difference between this article? :rolleyes:

People pick up on what they agree with for the most part without thinking about the implications of it.

House prices were rising at 30% pa at one point in the UK. Nobody apart from a lunatic fringe thought it would continue but it did for a while.

When house prices were rising like that, none but a few loonies thought they'd ever fall. Only the loonies were right then too.

Economists will only ever predict future asset prices correctly by luck.

setmefree2

"The longer-term prognosis is for a return to price growth in mainstream markets, with the average UK house values expected to rise by 27 per cent over the period 2012 to 2015."

WOW! That's some forecast.

abaxas

In other news....

National donkey association predicts huge increase in carrot production.

bernard_shaw

Wahay! 10% annual house price growth! That comes out at a doubling rate of around 7 years - so the average house price in the year 2024 will be over a Million Pounds! Fantastic!

I can't wait to lord it over those who are forever priced out of home ownership - there's nothing I like better than pointing out to people how much more money I have than they do - just because of the accident of my age! Oh it makes me laugh! With house prices rising forever, there's no way that future generations will ever be able to afford what I've got. Maybe I'll let them camp in my garden like gypsies holding a fair on the laird's fallow fields in feudal times. I'll be able to exercise Droit de Seigneur yum yum.

tommy75

'Yolande Barnes, the head of research at Savills estate agency says little green aliens will buy up all the property in the UK before December 2009 and become more sucessfull than the Wilsons.'
:spam:

carolt

I'm bookmarking this thread so I can laugh at it in February.

Very amusing.

HAMISH_MCTAVISH

carolt wrote: »

I'm bookmarking this thread so I can laugh at it in February.

Very amusing.

You're going to need a h3ll of a crash between now and february to see YoY declines. With monthly declines of almost 4% each and every month between now and then.

What economic influences do you see impacting house prices in December, January and February that would cause such a crash rate, which would be bigger than anything seen last year in the depths of the financial crisis?

Or is your statement just more blind hpc cheerleading.....:rolleyes:

Jonbvn

baileysbattlebus wrote: »

I have a son whose life revolves round rugby

I think you may be my mother.;)

Jonbvn

bernard_shaw wrote: »

I'll be able to exercise Droit de Seigneur yum yum.

I feel a lèse majest! moment coming on.....

Spartacus_Mills

HAMISH_MCTAVISH wrote: »

www.independant.co.uk

18% YoY fall to 10% YoY gain in less than 12 months......

Bull or Bear, you have to admit thats amazing by anyones standards.

Fergus, is that you ?