House prices 'to fall by 20%'

Graham_Devon

Joeskeppi wrote: »

Easy way for you to duck out

Call it ducking out if you wish. Don't really feel like continually going on, with you stating I implied something, and myself stating I didn't, going round in circles for ever more. So I'm walking away.

If it helps end this.....yes Joe, you are the winner, you stand glorious, and I'm crawling away as you have pummled me down with your intellect.

StevieJ

AD9898 wrote: »

There is one person on this forum who normally replies with one line supposed 'put downs' (although not everytime), they offer no point, no argument or no reasoning. Their posts almost exclusively are irrelevant apart from what they deem to be funny, although rarely do their 'funny' posts get more than one 'thanks'.

One wonders why they bother.

It helps if you get rewired thanking every one of your posts.

AD9898_2

StevieJ wrote: »

It helps if you get rewired thanking every one of your posts.

The guy obviously knows the difference between who is right and who is wrong hey

StevieJ

Graham_Devon wrote: »

Were they my suggestions?

I think they were your suggestions, which you are trying to imply I said. Which I didn't. Read again. I never said any of that, simply said no one was spot on...in other words, suggesting no forecaster was right. You've added your own parts to that and implied I said them...but you won't actually find words to that affect under my name.

Now, I'll ask you a question, which I wouldn't mind you answering....

Capital Economics were forecasting a downturn in 2006/7 in the housing market. Which other forecaster was forecasting this please? You got any? Cus I don't know any. Indeed, I'm sure it was the CML who were forecasting 12% HPI for 2007/8.
.

I thought they were turning bullish in 2006? Dev, your Chewbacca defence is in overdrive in this thread.

Independant Nov 2006 - Capital Economics Giving up on House Price Crash - Ed Stansfield, property economist at Capital Economics, said: "I cannot see 2006/2007 being the time we look back on and say 'yes, that was the start of the housing market crash'."

BBC April 2007 - Capital Economics Turns Bullish - Capital Economics, which in 2003 famously predicted that the UK was headed for house price falls of up to 20%, broadly agrees with Mr Boulger's upbeat analysis. "It gets to a stage when you can't keep saying a crash will happen while prices keep on rising," Ed Stansfield, analyst at Capital Economics, admits.

planemad

GHOULS_RENT_FOREVER wrote: »

Not with prices SURGING 3.1% a month they wont be crashing anytime this century. Game over ghouls. It's the bulls wot won it.

As per my post number 15 - I do feel sorry for the people who really believe there is going to be a big crash and that then they can reap the benefits.

Its just not going to happen on the scale they expect.

250.000 new home per year are needed in the UK until 2030 - home-builders are not building them, they have land banks but local residents near these land banks are lobbying local government as they want to keep the green areas.
(Six Barrat owned land banks in my area have been refused PP)
There is a shortage of homes in the UK and this will keep prices stable.

PEOPLE DO HAVE MONEY, BANKS DO HAVE MONEY.
Jobs are available but you will find that many of the unemployed just do not want to get a job that is lower paid then the last as they cannot accept the way of the world.:beer:
Look at post 17 in the Sig - the poster says they will not buy until seller's price realistically!!!
Its called a market, the market sets the price and sellers are guided by the market you make it sound personal that sellers are purposely keeping the prices up NO the market does that.

AD9898_2

GHOULS_RENT_FOREVER wrote: »

Not with prices SURGING 3.1% a month they wont be crashing anytime this century. Game over ghouls. It's the bulls wot won it.

Hehe, that'd be asking prices, which is merely a measure of seller delusion.

diable

Maybe house price should crash and normal working and the BTL's, people will feel the pain and lose everything, end up on the streets and the only course of action would be to demonstrate and riot on the streets to over throw the Government, this country needs some pain as to understand what others have been through. Dog eat Dog, may the strongest survive.......... as seems to be happening the world over.

nembot

20% or more seems likely, only the indebted would disagree.

Tiz only human.

Enigma80

anjb wrote: »

For me, I don't actually mind the housing market drop (FTB 2007 + im 31) because the next house I buy will be cheaper and I'll get more for my money. The delta cost to upgrade will be similar, but I wont play as much in fees EAs + Stamp duty.

Yes but you'll also lose value in your current property, so any rise or drop isn't going to make a difference if you're simply transfering your mortgage. Unless I that is you're going to be putting more capital into it.

I might have got it all wrong though.

Coeus

http://www.dailymail.co.uk/news/article-1358985/House-prices-fall-20-years-Joblessness-spending-cuts-stifle-demand.html

Daily Mail is catching on too

20% in two years time - exactly as planned. Let the good times roll FTBs!