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Debate House Prices


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This will make your blood boil : How The Doomsayers Were Proven Wrong (column)

stringsmk2
stringsmk2 Posts: 88 Forumite
in Debate House Prices & the Economy
http://www.ollynewland.co.nz/how-the-doomsayers-were-proven-wrong-column/413/

Applies to New Zealand but sounds like it could be written for the UK

Comments

  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    It's like the Kiwi version of Hamish.
  • Damaged
    Damaged Posts: 122 Forumite
    very bullish comments.
  • IronWolf
    IronWolf Posts: 6,462 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    He's not familiar with the theory of the bull trap then.

    I dont think house prices will crash, but I suspect they will stagnate over the next few years. I dont expect real terms 2007 prices to be reached again for at least a decade.
    Faith, hope, charity, these three; but the greatest of these is charity.
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    A very intelligent article, and as you say applies virtually 100% to UK.
    When analysing big ticket items such as house prices (which react very slowly one way or the other) it is the annual trend that must be watched, not the the day-to-day or monthly statistical wobbles.

    Olly speaks with wisdom.
This discussion has been closed.
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