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Debate House Prices


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Housing market stalls as economy splutters

245

Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    doire wrote: »
    Its great logging in here and reading such an article :T
    not for some people - property is still higher than it was a year ago when they could have bought much cheaper...

    not sure why that's so great... but then again i'm sure there will be a queue of people telling me about prices around "My Way"
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Which, as we saw last time around, results in the number of homes for sale reducing rapidly as prices fall.

    And when supply reduces to the levels seen early last year, prices rise rapidly again.

    Really and it was nothing about a massive stimulus Hamish then. :rotfl: Nothing about interest rate cuts to 0.5%, Stamp due freezes, shared ownership & homebuy and a weak pound encouraging foreign buyers.

    Cut the spin, cut the rubbish. House prices are overvalued and falling back to normal levels.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    brit1234 wrote: »
    falling back to normal levels.
    wrong again Brit... houses are now at "normal" levels but not at "Brit Normal Levels". they are two totally different things.
    6a00d8341c565553ef01310ffaea62970c-500wi
  • Here's an updated graph.
    One that shows Q2 2010.
    Seems like we are nicely following the long term trend.
    No need for boom and bust, just a reality in that this is the likely projection for house prices moving forward long term.

    54081009.jpg
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Brit - how low do have prices have to go before you will buy? You have already wasted three years waiting, this time could have been spent paying down the mortgage rather then rent?

    I only ask because I fear your obsession for 'half price houses' will mean you never enjoy home ownership.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    House prices have been falling for quite a while now and are lower than they were this time last year.

    The published figures suggesting otherwise are just spin and bullsh1t.


    100% guaranteed
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Dirk_Rambo wrote: »
    someone across the road from me has dropped the asking price 3 times so far and still cant sell. house prices are falling at a alarming rate

    After 12 months on the market at £159,950 the owners of this property decided to raise their asking price to £175,000 in March 2010.

    Strangely enough, its still up for sale 5 months later!

    http://www.rightmove.co.uk/property-for-sale/property-10926015.html
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    nearlynew wrote: »
    The published figures suggesting otherwise are just spin and bullsh1t.
    you best tell Brit then numptynew...
    House prices are starting to fall
    brit1234 wrote: »
    Good news for us bears
    nearlynew wrote: »
    House prices have been falling for quite a while now
    he's adament that house prices have only started to fall now - you guys got to get your story straight
    House prices are starting to fall
    a month ago he was telling us they were falling for months - but anyway that's another piece of fiction from Brit...
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    not for some people - property is still higher than it was a year ago when they could have bought much cheaper...

    not sure why that's so great... but then again i'm sure there will be a queue of people telling me about prices around "My Way"

    Yer but no but....if you ignore the article in the OP and look at something completely different...

    Lots of focusing on the past happening today.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Yer but no but....if you ignore the article in the OP and look at something completely different...
    do you mean like you have just done, ignored the article but posted nonsense...

    frothing hypocrite
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