Bullish Bulls have been calling the "Soft Landing" every year since 2002.

IveSeenTheLight

geneer wrote: »

So, hows that been working out then?



2002: http://www.thisislondon.co.uk/news/article-2548507-soft-landing-for-housing-market.do



2003: http://www.businessmortgages.co.uk/news/cml-predict-2003-house-prices.html


2004: http://www.countrylife.co.uk/property_news/article/57880/Soft-Landing-Predicted.html



2005: http://www.telegraph.co.uk/finance/2916706/House-market-on-track-for-soft-landing.html

2006: "increased confidence on the part of buyers and sellers as they became more comfortable that the market was heading for a soft landing."
http://www.creditcrunch.co.uk/forum/topic/9226-house-prices-surge-to-10-months-high/




2007: http://www.independent.co.uk/news/business/news/soft-landing-in-prospect-for-housing-market-in-britain-403790.html


2008: http://www.guardian.co.uk/business/2008/jan/01/economics.creditcrunch

How are prices today compared to 2002?

geneer

RenovationMan wrote: »

This is an interesting article about soft landings written in 2007. Its always interesting to look at predictions from an historical standpoint and this guy's prediction doesn't seem to be too far out when you look at the market 4 years later.


Soft landing in prospect for housing market in Britain

By Sean O'Grady, Economics Editor

A soft landing for the British property market appears in prospect, according to the Nationwide and the British Bankers' Association.


Without the full effects of the credit squeeze yet feeding through to the housing market, prices and the volume of mortgage lending have moderated over the past couple of months.

The figures are in line with other data which, stressing the fact that most of it predates the credit crunch, suggests that homeowners will be facing the most gentle of declines in their fortunes.

The number of mortgages approved for home purchase in Britain fell 14.2 per cent in Aug-ust from a year earlier, the British Bankers' Association said, with the value of gross mortgage lending just 1 per cent higher than in August last year.

The disparity between the number and value of mortgages suggest that, as in the United States, homeowners are willing to wait longer for the "right" price, and that real-estate values remain relatively robust.
Indeed, figures from the Nationwide "

http://www.independent.co.uk/news/business/news/soft-landing-in-prospect-for-housing-market-in-britain-403790.html

Instead of a soft landing we got a crash.
Doesn't seem that accurate to me.


Of course, using your fantastic logic, its quite clear that "in reality" there was no house price crash in the 90's if you compare house prices to what they are today.

geneer

IveSeenTheLight wrote: »

How are prices today compared to 2002?

I believe theres a possibility of there being one or two other threads on the forum discussing that particular topic. :rotfl:

Not however this one.

IveSeenTheLight

geneer wrote: »

I believe theres a possibility of there being one or two other threads on the forum discussing that particular topic. :rotfl:

Not however this one.

You chose that year as a pivotal point in this very thread.
Is it possible you don't want to answer the question?

geneer

IveSeenTheLight wrote: »

You chose that year as a pivotal point in this very thread.
Is it possible you don't want to answer the question?

Why. The answer is a matter of record?
As well as irrelevant and grindingly banal.

What I don't think I'll do is let you divert and wriggle around a point rather well made. Though of course it is interesting that you would rather wriggle around the same. Almost as if you don't have a leg to stand on eh.

House prices might have increased 5% or 95% in any one of those years.

Still no sign of that much predicted soft landing though.

andykn

geneer wrote: »

Actually Degenerate, they can only be said to have been wrong.
Thats my point.

But they're bears, not "bullish bulls", bears wrong as ever.

Unlike the crash. Which was of course inevitable.

Like you now; what crash? We've barely had a soft landing yet.

geneer

andykn wrote: »

But they're bears, not "bullish bulls", bears wrong as ever.


Like you now; what crash? We've barely had a soft landing yet.

Ah. You appear to be suggesting that the VIs selling the warm and fuzzy and utterly unviable soft landing theory to an ever more concerned population were "bears". And that the bulls did not gleefully adopt this proposed outcome as an integral part of their consensus reality meme database.

You would of course be mistaken.

andykn

geneer wrote: »

Ah. You appear to be suggesting that the VIs selling the warm and fuzzy and utterly unviable soft landing theory to an ever more concerned population were "bears". And that the bulls did not gleefully adopt this proposed outcome as an integral part of their consensus reality meme database.

You would of course be mistaken.

Hardly, predicting a "soft landing" in 2002 cannot be construed as "bullish".

And was, of course, mistaken.

Predicting a soft landing as prices started to fall in 2007 could be construed as bullish. And was correct.

geneer

andykn wrote: »

Hardly, predicting a "soft landing" in 2002 cannot be construed as "bullish".

And was, of course, mistaken.

Predicting a soft landing as prices started to fall in 2007 could be construed as bullish. And was correct.

Sorry Andy. You need to find the wand of zanzibar and the idol of zork before you can succeed in your quest to rewrite history.

House prices inexplicably holding their bubbicious value despite obvious and inevitable effect of market forces is a bullish fantasy.
Always was always will be.

But your efforts at denying the same are quite amusing, particularly the bit where the soft landing occured in 2008, so thanks for that.

andykn

geneer wrote: »

Sorry Andy. You need to find the wand of zanzibar and the idol of zork before you can succeed in your quest to rewrite history.

House prices inexplicably holding their bubbicious value despite obvious and inevitable effect of market forces is a bullish fantasy.
Always was always will be.

But your efforts at denying the same are quite amusing, particularly the bit where the soft landing occured in 2008, so thanks for that.

?

House prices have held their "bubblicious" values, the Nationwide average is higher now than Feb 06, was that not in the bubble?