House prices expected to fall - Official

ruggedtoast

chucky wrote: »

got to love the double standards... one moment RICS are rubbish and now they're the best

http://forums.moneysavingexpert.com/showpost.html?p=20713011&postcount=8

RICS are rubbish.

bear1969

Harry_Powell wrote: »

Proof, if any is required, that carolt created this entire thread just to goad Hamish into an argument.
Is this not where you are supposed to come for a debate ,Thought a debate was an argument? But i might be wrong

carolt

Oooh look it's Harry my little stalker. Still as obsessed by me as ever.

You think he'd get bored eventually. Gosh he must have a dull dull life.



However to return to topic:-

Here's exactly what PricewaterhouseCooopers said:

"our analysis suggests that house prices remain vulnerable to setbacks. "The possibility of a renewed fall in house prices over the next few years, particularly in real terms, cannot be ruled out as mortgage interest rates start to rise again," Hawksworth added."

Certainly about as far from a 'rise' in house prices as you can get.

Really2

Graham_Devon wrote: »

G
I just can't seem to get it. It's really bizzare. I mean, when they were claiming rises, it was so simple. The forum was covered in rises stories and little men jumping up and down, clapping, and spilling beer.

No, forecasts have never been fact or proof of anything happening. Non of them are claiming falls they are expecting them in "real terms".
Claiming and expecting/forecasting are two very different terms.

Really2

carolt wrote: »

Certainly about as far from a 'rise' in house prices as you can get in real terms.

Adjusted for you. (they could actually increase nominally during "real Term" falls)

phil_b_2

carolt wrote: »

I thought I'd make MSE's own opinion abudantly clear.

carolt wrote: »

From our very own MSE- so it must be true.

http://www.moneysavingexpert.com/news/mortgages/2010/07/house-prices-expected-to-fall?utm_source=forum&utm_medium=sidebar&utm_campaign=box

Not sure if you read the article or not but it doesnt seem to be MSE's opinion. It's merely a report on what a bunch of other people have said.

The Royal Institution of Chartered Surveyors (RICS) says that in June, 4% more of its members expected prices to fall during the coming months than those who thought they would rise

Is that all?

Does it even say how much they reckon they will fall by? 0.5%, 5%, 50%???


I'm not saying prices wont fall a bit at least but we've been hearing the 'house prices expected to fall' thing for a very very long time.

carolt

Really2 wrote: »

Non of them are claiming falls they are expecting them in "real terms".

No, - you need to read my post above.

They (PWC) ARE PREDICTING FALLS, "PARTICULARLY IN REAL TERMS". Read the article quoted in the OP.

Sorry for shouting, but you appeared unable to read my post (1 post up from yours) which quotes their exact words, and makes it abundantly clear that falls are on the horizon.

Graham_Devon

Lightbulb moment :idea:

I'm reckoning some people don't want falls? Therefore any way to describe falls as something else will do?

Right yet? No?

Forums amused me this morning anyway. One story about falls and the forum goes crazy. Everyones wrong, apart from those who are right, and those who are right can't even get a concensus

The only thing I am surprised at is Hamihs seems to have missed a trick. He hasn't claimed he was right. And, he was, after predicting falls, staganation and rises. C'mon Hamish

Been fun. Cheers guys

Blacklight

carolt wrote: »

Here's exactly what PricewaterhouseCooopers said:

"The possibility of a renewed fall in house prices over the next few years, particularly in real terms, cannot be ruled out."

Certainly about as far from a 'rise' in house prices as you can get.

Not really Carol. Let me explain:

If you're getting pay increases in line with inflation (say 3% a year) and the price of everything else is going up by inflation (chocolate bananas) then you don't get any richer. You're still able to afford the same amount of chocolate bananas every year. No more, no less.

Now, if house prices stagnate (which they have been doing) little rises, little falls, but over all the face value in the estate agent window remains unchanged, then in time your 3% pay rise means the price of the house... wait for it... falls in real terms.

So house prices can actually rise by anything up to 2.99% in our little chocolate banana world and they'd still be falling, in real terms.

carolt

Blacklight wrote: »

Not really Carol. Let me explain:

If you're getting pay increases in line with inflation (say 3% a year) and the price of everything else is going up by inflation (chocolate bananas) then you don't get any richer. You're still able to afford the same amount of chocolate bananas every year. No more, no less.

Now, if house prices stagnate (which they have been doing) little rises, little falls, but over all the face value in the estate agent window remains unchanged, then in time your 3% pay rise means the price of the house... wait for it... falls in real terms.

So house prices can actually rise by anything up to 2.99% in our little chocolate banana world and they'd still be falling, in real terms.

Please bother to read a single post I have posted before attempting to comment.

Read my last 2 posts and then apologize.

What a ridiculous post - abundantly clear that you haven't even looked at the previous posts before mouthing off.

What size font would you like to ensure you actually read responses first?

Really has made all your points before and I have pointed out twice (once in capitals!!!) why they are nonsense.