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Debate House Prices
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House prices 'to fall by 20%'
Comments
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You may slag off Capital economics but they are right that housing is very overvalued and will fall. The only thing they have got wrong is the timing but that is an incredibly hard thing to work out when such extreme measures have taken place to prop it up.
You mean like they said house prices wouldn't fall in 2007/8, if forecasting is about one thing it is about timing, after all we all know the clock example
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
You mean like they said house prices wouldn't fall in 2007/8, if forecasting is about one thing it is about timing, after all we all know the clock example
Which forecaster has got it spot on?
Let's not pretend it's about being right, as no forecaster has been right. Capital Economics is not liked by many because it's a far more bearish forecaster. It's as simple as that.
All this pretence that they were wrong only highlights they are not liked by the VI's.
Afteral, all forecasts were wrong, but many other forecasters were held more in favour with the VI's.0 -
Graham_Devon wrote: »
All this pretence that they were wrong only highlights they are not liked by the VI's
.
What pretence is that? look at the chart that Smeagold acknowledged in his/her post
I wonder about you sometimes. 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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Graham_Devon wrote: »Read the rest of my post, instead of singling out a sentence to yet again, take everything out of context.
Same goes.
Of course I read the rest of your piece but I was replying to the bit of nonsense that I quoted, no pretence they have been completely wrong (not just well out) in all their housing forecasts in the past 10 years. 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Who cares? Unless one is selling of course otherwise it's just a figure on paper.
I'm just going to sit tight, weather the storm and move when all is fine.
The property market always levels out eventually.0 -
Of course I read the rest of your piece but I was replying to the bit of nonsense that I quoted, no pretence they have been completely wrong (not just well out) in all their housing forecasts in the past 10 years.
Where he gets confused is he is under the impression that someone being 1% out and someone being 30% out are both equally "wrong".
Bless.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Where he gets confused is he is under the impression that someone being 1% out and someone being 30% out are both equally "wrong".
Bless.
It's funny. I can guarantee you won't be able to give me a forecaster who has been 1% out.
But hey, don't let that little fact get in the way of forumonics!! It's all about the put down on someone over the internet, right?0 -
Graham_Devon wrote: »It's funny. I can guarantee you won't be able to give me a forecaster who has been 1% out.
How is that fact relevant? Stop taking everything so literally, it makes you look special. The point is (which is tragic that I need to explain albeit unsurprising) that some people have been considerably more accurate than others, and despite no one being dead accurate with predictions, some people/groups/whatever are never the less more respected than CE when it comes to house price predictions.
It seems in your little head, that everyone is either wrong or right, with no scale of accuracy to distinguish between them.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
RUN_GHOULS_RUN wrote: »What a load of old rot. My local friendly estate agent has assured me that house prices will be SHOOTING UP 20% this year. And I'd much rather listen to the views of a property professional than some barmy economist.
Was that during one of your group therapy meetings?0
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