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Debate House Prices
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This is very bad news.....
HAMISH_MCTAVISH
Posts: 28,592 Forumite
http://www.telegraph.co.uk/finance/economics/houseprices/7539267/UK-housing-market-double-dip-fears-subside-slightly.htmlEd Stansfield, chief property economist at Capital Economics, said: "The short-term outlook for house prices remains hard to read. On the one hand, market conditions, although slowly easing, remain tight. And, although we are sceptical, the Budget stamp duty changes could produce a rise in buyer demand over the next few months.
Capital Economics are sounding slightly less bearish!!!!!:eek:
Bad news for the property market could be ahead. Last time they turned bullish, we had the biggest crash in history!!!!!! :rotfl:
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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HAMISH_MCTAVISH wrote: »http://www.telegraph.co.uk/finance/economics/houseprices/7539267/UK-housing-market-double-dip-fears-subside-slightly.html
Capital Economics are sounding slightly less bearish!!!!!:eek:
Bad news for the property market could be ahead. Last time they turned bull, we had the biggest crash in history!!!!!!:mad:
The crash in numbers is still on Hamish..Not Again0 -
1984ReturnsForReal wrote: »The crash is numbers is still on Hamish..
Translation into English?:D“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..i have just bought for 38 % off from 2008 prices(reduced from 299k to 180k) would you call that a house price crash?It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
hamish..i have just bought for 38 % off from 2008 prices(reduced from 299k to 180k) would you call that a house price crash?
Aberdeen average price February 2007 £151K
Aberdeen average price February 2010 £172K (latest available)
Would you call that a house price crash?“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..i have just bought for 38 % off from 2008 prices(reduced from 299k to 180k) would you call that a house price crash?
It's not really sensible to take one individual house that has either risen or fallen considerably in price between two given dates and conclude from this one piece of data whether it is representative of national HPI or a national crash.0 -
HAMISH_MCTAVISH wrote: »Translation into English?:D
Sorry.
I was that taken aback that you recognise a crash has happened & one is likely to happen again that I hit "s" instead of "n".
By the way. If they do drop "officially" again I think we can safely say it is a continuation.Not Again0 -
hamish..i have just bought for 38 % off from 2008 prices(reduced from 299k to 180k) would you call that a house price crash?
That's 40% (39.8%) off not 38%Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Its sensible to me because that's all that matters..how much i pay...hamish you can say what you like but the fact is...i have saved myself 110k all cash...and if i had listened to you i would be in extreme negative equity... :T:T:T but i am not as i thought you talked tosh.It's not really sensible to take one individual house that has either risen or fallen considerably in price between two given dates and conclude from this one piece of data whether it is representative of national HPI or a national crash.
bulls are bad for your wealth..It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
thanks i am richer just like when they go up 2% that makes me richer does it not? what shall i spend it on..?chucknorris wrote: »That's 40% (39.8%) off not 38%It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
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