We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Looking to 2010...
Comments
-
I think that Ray Bolger's comment in the article (which you seem to have completed missed Graham), is perhaps the most interesting...
"There will be a difference between the various indices, but I think the Nationwide will show a 4% rise next year and the Land Registry, which lags behind it, a 9% rise, catching up on some of the increase recorded by the Nationwide this year,"
I only hope his track record in predicting house price movements are more accurate than Jonboy Davis (of HPC) and Capital Economics.
How we enjoyed the April 2007 Capital Economics howler:
http://www.marketoracle.co.uk/Article7183.html0 -
nollag2006 wrote: »I think that Ray Bolger's comment in the article (which you seem to have completed missed Graham), is perhaps the most interesting...
I haven't missed it, I simply didn't quote it.
If I had quoted everything to post would have been huge!0 -
Graham_Devon wrote: »I haven't missed it, I simply didn't quote it.
If I had quoted everything to post would have been huge!
Jonathon Davis is the former official spokesman for HPC.
Apparently he STR-ed in 2002!!!!!
His predictions for 2009 were hopelessly wrong.
SOunds like wishful thinking rather than any resemblance to reality.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Jonathon Davis is the former official spokesman for HPC.
Apparently he STR-ed in 2002!!!!!
His predictions for 2009 were hopelessly wrong.
SOunds like wishful thinking rather than any resemblance to reality.
Was anyones predictions right?0 -
Graham_Devon wrote: »Was anyones predictions right?
Yes, there is one site that has been pretty consistently right throughout the crisis.
http://www.houseprices.uk.net/articles/house_price_predictor/
I note they are now predicting +18% YoY shortly.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Yes, there is one site that has been pretty consistently right throughout the crisis.
http://www.houseprices.uk.net/articles/house_price_predictor/
I note they are now predicting +18% YoY shortly.
Where are their predictions?0 -
Graham_Devon wrote: »Where are their predictions?
The redline is the prediction, the blue line is actual.
The red line is generated 6 months before the blue line.
As you can see, it has been spectacularly successful.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Ok, I'm a little confused by the blue line.
And if it's 6 months in advance, howcome the blue line is lined up with the red line?
Should the red line not be in 2010 by now?0 -
Graham_Devon wrote: »Ok, I'm a little confused by the blue line.
And if it's 6 months in advance, howcome the blue line is lined up with the red line?
Should the red line not be in 2010 by now?
Hamish??? Thought you may have explained.0 -
HAMISH_MCTAVISH wrote: »Jonathon Davis is the former official spokesman for HPC.
Apparently he STR-ed in 2002!!!!!
Ouch!! That's got to hurt !!
:j0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards