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Debate House Prices


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Experts... Price to fall in 2011

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Comments

  • twirlypinky
    twirlypinky Posts: 2,415 Forumite
    It's gutting for me really. Two of our neighbours houses were repossessed and sold at about £25k less than they paid for them. We're never going to be able to sell our house.
    saving up another deposit as we've lost all our equity.
    We're 29% of the way there...
  • Harry_Powell
    Harry_Powell Posts: 2,089 Forumite
    At the end of that report:

    "A separate house price index by LSL Property Services suggested buyers are taking advantage of lower prices with the number of properties sold up 20 per cent to 63,500 in June, from almost 53,000 the previous month. "

    It's nice that bears have bearish indexes and bulls have bullish indexes. Pity that if you only read one or the other, you'll never see the whole picture.
    "I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    luvpump wrote: »
    Seems obvious to me ..

    Does anyone remember 2008 & 2009. :)

    I think in real term over the next few years prices will fall. I don't think we will see a crash though TBH.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Really2 wrote: »
    Does anyone remember 2008 & 2009. :)

    I think in real term over the next few years prices will fall. I don't think we will see a crash though TBH.
    luvpump only seems to come out to play when there are house price falls...

    he's a good lad though...
  • Harry_Powell
    Harry_Powell Posts: 2,089 Forumite
    edited 8 July 2010 at 12:26PM
    There seems to be a lot of bears coming out of the woodwork over the last couple of weeks, many have been M.I.A. for quite a while, anyone would think that house prices have started to go down.

    It's nice, because you can't see the whole picture if you only have bears posting on MSE (I discount carolt's attention seeking - if this site was predominantly bearish, she would be a bull just to stir up trouble) . Welcome back guys, nice to have a balanced debate!

    Can you please stick around though when prices go back up instead of running and hiding?

    Cheers! :)
    "I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.
  • Brummygold
    Brummygold Posts: 52 Forumite
    This is good news for first time buyers and hopefully will mean house prices will start to reflect reality instead of the bubble prices that we have come to know.
  • carolt
    carolt Posts: 8,531 Forumite
    Harry_Powell wrote: »
    There seems to be a lot of bears coming out of the woodwork over the last couple of weeks, many have been M.I.A. for quite a while, anyone would think that house prices have started to go down.

    It's nice, because you can't see the whole picture if you only have bears posting on MSE (I discount carolt's attention seeking - if this site was predominantly bearish, she would be a bull just to stir up trouble) . Welcome back guys, nice to have a balanced debate!

    Can you please stick around though when prices go back up instead of running and hiding?

    Cheers! :)

    You are a nutter.
  • carolt
    carolt Posts: 8,531 Forumite
    luvpump wrote: »
    http://www.telegraph.co.uk/finance/personalfinance/7878766/House-prices-will-fall-in-2011.html

    Seems obvious to me ..

    What a lovely thread. I particularly like phrases like:

    "a second leg of the house price correction soon.".
  • Harry_Powell
    Harry_Powell Posts: 2,089 Forumite
    lol, top seeking carolt!
    "I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Harry_Powell wrote: »
    lol, top seeking carolt!
    i wouldn't worry HP - i've got the attention of all the other losers on another thread.

    even the professor of devonian economic theory - GD has popped up telling me i don't understand...

    oh the irony...
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