More than 80% of MSE readers believe house prices will not fall

nollag2006

The polls have closed - the results are in:
http://forums.moneysavingexpert.com/showthread.html?t=2268063

Only 18% of MSE voters in this poll believe house prices will fall in the short term.

And nil, nada, not a single solitary bear believes that house prices will fall by more than 5% in the short term.

Surely evidence, if any is needed, that the crash of 2008 has long since disappeared

:T

Cleaver

nollag2006 wrote: »

Only 18% of MSE voters in this poll believe house prices will fall in the short term.

Surely evidence, if any is needed, that the crash of 2008 has long since disappeared.

I'm sure I won't be the first to point out that a poll of people's opinions doesn't really equate as 'evidence' for something to happen.

Spartacus_Mills

nollag2006 wrote: »

The polls have closed - the results are in:
http://forums.moneysavingexpert.com/showthread.html?t=2268063

Only 18% of MSE voters in this poll believe house prices will fall in the short term.

And nil, nada, not a single solitary bear believes that house prices will fall by more than 5% in the short term.

Surely evidence, if any is needed, that the crash of 2008 has long since disappeared

:T

I think it is more likely to be evidence that we are coming out of recession and people are more optimistic about our economic fortunes. People are more optimistic which is good, especially when we need people to spend money to help keep the recovery going.

I never saw the poll. Wish I had. I would have plumped for a flatline performance for this year.

Graham_Devon

So you have taken the +/- 1%, as an increase then?

Even though it includes a negative?

abaxas

So let me get this right.


80% of MSE readers are hypocrits, who dont want to save money?

chucky

nollag2006 wrote: »

Only 18% of MSE voters in this poll believe house prices will fall in the short term.

i'm not a fan of these polls as they don't really translate to reality - however comparing sentiment from this one to last years type of poll. 18% isn't a large number, last year it would have been closer to 50%.

Cleaver

abaxas wrote: »

So let me get this right.


80% of MSE readers are hypocrits, who dont want to save money?

No, you've seen a poll that MSE users think house prices will rise and made a leap to see this as meaning that they want house prices to rise.

I think prices will rise slightly over the next 12 months, but this doesn't mean I think this is a good thing or want it to happen.

Radiantsoul

Cleaver wrote: »

No, you've seen a poll that MSE users think house prices will rise and made a leap to see this as meaning that they want house prices to rise.

I think prices will rise slightly over the next 12 months, but this doesn't mean I think this is a good thing or want it to happen.

Well it does seem that this forum is via biased. Those who claim house prices are bound to rise overwhelming want it to happen.

And those that are obsessed by a second crash are probably looking to buy at the new bottom and so are crossing their fingers.

Cleaver

Radiantsoul wrote: »

Well it does seem that this forum is via biased. Those who claim house prices are bound to rise overwhelming want it to happen.

And those that are obsessed by a second crash are probably looking to buy at the new bottom and so are crossing their fingers.

I think there's some truth in that. But then I also think that there's a silent majority who don't really care that much. For most people you don't sell your house all that often so monthly, or even yearly, ups and downs aren't really an issue.

For me, my house either falling or gaining 15%+/- a year would start to worry me. Considerable falls means the equity is being serverly eroded in the property and massive yearly gains are unsustainable and will probably lead to volatility in the future. We bought our new place in December and plan to be here for 20 years, possibly for the rest of our lives unless we downsize (or life circumstances change). So I'm not really that bothered either way. Stability would make a nice change, or certainly stangnation for the next 10 or so years so that houses become more affordable.

Radiantsoul

Cleaver wrote: »

I think there's some truth in that. But then I also think that there's a silent majority who don't really care that much. For most people you don't sell your house all that often so monthly, or even yearly, ups and downs aren't really an issue.

I suppose most people who own a house are likely to be not too bothered as if they did sell they would probably immediate purchase another house and so are broadly unaffected.

But beliefs are formed by actions far more than most people realise. It is hard for people to admit they have made a mistake, especially with large investments.

boomerangs

:rotfl:

nollag2006 wrote: »

And nil, nada, not a single solitary bear believes that house prices will fall by more than 5% in the short term.

Surely evidence, if any is needed, that the crash of 2008 has long since disappeared

:T

Is this really the best you can do?

You should leave the attempted bear-baiting to someone with a few brain cells.:rotfl: