Economic downturn wipes 50pc off value of homes

chucky

sarkin1 wrote: »

I would have guessed that someone as smart as you would have bookmarked the post ready for the occasion of some daft mortgage broker asking you.

this one is better from May 2009 - great advice you've given seeing that property has risen every month since then. :T

sarkin1 wrote: »

Look house prices are down, they are not going to sudenly magic there way back up again.

looks like property values went the other way

sarkin1 wrote: »

No amount of tidying, cleaning, or putting the dog in the back garden is going to shift your property. Paint the walls any colour you like your not goin to shift it unless you drop the price.

probably didn't need to paint the walls - they just sold them through estate agents

sarkin1 wrote: »

The sooner you realise this the quicker you will sell, If you cant lower the price take it off the market and stop wasting your time.

I hope this helps

no it didn't help - you got it wrong.
better luck next time

http://forums.moneysavingexpert.com/showthread.html?p=21788465&highlight=#post21788465

Harry_Powell

StevieJ wrote: »

Arry, you must be getting on a bit, some news for you, he got his payback in 1989 Appropriate catchphrase though.

'You Lucky People'

See! What goes around, comes around. Karma.

Take that, Tommy!! :cool:

sarkin1

I never saw QE coming I was hopping chucky would drop a link for us pre 2009

sarkin1

come on chucky drop one of your lnks

kennyboy66_2

Mr_Mumble wrote: »

The 0.5% difference in base rates between Ireland and Britain explains the large difference in house price falls rather than the £200bn of QE? Really?

Not at all, as I am sure you know. However I suspect you confuse nominal interest rates with real interest rates. If we just use base rates then Ireland has real interest rates of about 5.5%, while the UK actually has negative real interest rates (depending on RPI / CPI etc).

It is more the fact that deflation is already entrenched in RoI (-5% year to Dec 2009 see extract) and most policy will entrench that deflation.

http://www.cso.ie/releasespublications/documents/prices/current/cpi.pdf

History shows us that you either devalue your currency (as the UK normally does), or you fix your currency to some 'gold' standard and your economy deflates sharply.

Perhaps you could explain exactly the mechanism why QE has supported house prices while most other indicators (money supply, LTV, deposits, new motgages) would suggest the opposite.

chucky

sarkin1 wrote: »

come on chucky drop one of your lnks

wouldn't you prefer i call you at work http://www.jp-financial.co.uk/

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sarkin1

Keenny you got any links for pre 2009 or are you just lucky as well

StevieJ

What a !!!! head

sarkin1

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sarkin1

Lines free chucky