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House gains to be wiped out !
luvpump
Posts: 1,621 Forumite
http://news.sky.com/skynews/Home/Business/Rising-House-Prices-Recent-Increases-In-Average-Cost-To-Be-Wiped-Out-By-Years-End/Article/201007315667259?lpos=Business_Second_Home_Page_Article_Teaser_Region_1&lid=ARTICLE_15667259_Rising_House_Prices%3A_Recent_Increases_In_Average_Cost_To_Be_Wiped_Out_By_Years_End
Looks like the bulltrap of 2010 has finally come to an end ! :beer:
Looks like the bulltrap of 2010 has finally come to an end ! :beer:
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Comments
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Hahahahaha poor bulls lets see them get out of this one they don't even have a consistent arguement all they can do is give abuse not a well formulated reponse hahahah
:beer::j:money::beer::D:p:beer::T:A
TIMBER!!!!!!!!!
It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
Would this be the right move report debated 2 days ago:)
So asking prices are to fall back, I seem to remember people saying asking prices mean nothing when they were going up. Glad to see that has now changed.
Lets see what it transpires to in terms of sold prices before we all get a bit moist.
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*yawn*
The same Rightmove report posted again, and again, and again, and again..... Desperate much?
In a week where the news has been so good about interest rates staying low, government to delay cuts if the economy suffers too much, living standards to increase slightly despite all the austerity, manufacturing up, new car sales up, it's clear the bears are getting a bit frazzled, poor things.“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 -
lemonjelly wrote: »Hahahahaha poor bulls lets see them get out of this one they don't even have a consistent arguement all they can do is give abuse not a well formulated reponse hahahah
:beer::j:money::beer::D:p:beer::T:A
TIMBER!!!!!!!!!
Get out of which one? Realistically not much has actually happened in 2010.....other than prices still being a few % up on Dec 2009 in many areas. Certainly in the ones that matter to me anyway!
Personally, I couldn't give a monkeys if the likes of the midlands, NI or the North East are falling again. The relevant bits of London and the SE are still edging up last I checked...
Still - I enjoyed the veritable montage of smilies!Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger0 -
I seem to remember people saying asking prices mean nothing when they were going up. Glad to see that has now changed.
Lets see what it transpires to in terms of sold prices before we all get a bit moist.
'Asking prices' may well be set to go through the roof on the back of the the number of homes sold in the UK in June rose by 21% from May to 86,000 news.
As soon as them that feel like dipping their toes in the pool to test the water realise that sales are rising this fast they'll all be putting their homes on rightmove at triple the estate agents valuation to see if they can make a few quid.
No, I'll stick with asking prices if we're allowed to use that as a firm measurement now that prices have come down 0.6% if it's all the same.0 -
Asking prices on Right move don't include price drops on existing properties. It only includes new property of that month and can mask the true picture of all asking prices on average falling far more than this distorted figure.
Prices are crashing now and that is a good thing.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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I had to look this up as I hadnt heard it before. For those like me who are ignorant in the finer points of investing:
Investopedia explains Bull Trap
A bull trap often causes some investors to buy the stock, but because the stock continues to decline after the initial signal, those who bought in are "trapped" in a bad investment.
Do people on here invest in the stock market much? It's an area I've always thought I should learn about just before it crashes and sends my interest running for cover. Is there another crash on the horizon?
p.s. I got distracted googling 'bulltrap' and forget the subject of this thread. I'm confused now, what do movements in the stockmarket have to do with house prices? Is there a financial connection or is it a trend where a fall in one causes a fall in the other?0
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