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

wotsthat

Nice one.

Have you been googling since May to find that quote? Your intellectual credit doth runneth over.

Only another 19 years to go and you'll have paid off your landlords mortgage for him. He won't give a monkey's if there's been a soft landing, crash or whether prices have moved left, right or sideways. He'll got a free house.

Pimperne1

This how they described their "soft landing" further down the statement:

"Overall we believe that sentiment and expectations will be broadly neutral for house price growth. Given the modest deterioration of economic conditions our forecast is for UK house price growth to slow from around 25% in 2002 to 10% in 2003. The slowdown is likely to focus on the second half of the year, with the current strength of the market persisting for several more months. We may even see a static period of house prices around the Summer/Autumn as the market pauses for breath in light of affordability constraints and higher interest rates".

Some soft landing.

IveSeenTheLight

wotsthat wrote: »

Only another 19 years to go and you'll have paid off your landlords mortgage for him.

The reality is that the profits made by the landlord could ensure that the property is paid off far quicker than the standard 25 year timeframe.

geneer

Pimperne1 wrote: »

This how they described their "soft landing" further down the statement:

"Overall we believe that sentiment and expectations will be broadly neutral for house price growth. Given the modest deterioration of economic conditions our forecast is for UK house price growth to slow from around 25% in 2002 to 10% in 2003. The slowdown is likely to focus on the second half of the year, with the current strength of the market persisting for several more months. We may even see a static period of house prices around the Summer/Autumn as the market pauses for breath in light of affordability constraints and higher interest rates".

Some soft landing.

:rotfl:Yeah. According to pimp -10% counts as a soft landing.
So the VI's who made the predictions and coined the phrase must be wrong.

Bonkers!

IveSeenTheLight

geneer wrote: »

:rotfl:Yeah. According to pimp -10% counts as a soft landing.
So the VI's who made the predictions and coined the phrase must be wrong.

Bonkers!

Do you really have a problem understanding such a simple sentance

our forecast is for UK house price growth to slow from around 25% in 2002 to 10% in 2003.

It's relating to growth slowing from 25% to 10%.
Where is the reference to -10%?

geneer

IveSeenTheLight wrote: »

Do you really have a problem understanding such a simple sentance


It's relating to growth slowing from 25% to 10%.
Where is the reference to -10%?

:rotfl:It appears to be your good self who has a problem understanding a simple sentence. How embarassing.

Its dear old pimp (amongst other brain surgeons) who've decided
a 10% fall counts as a soft landing.

heathcote123

geneer wrote: »

Well degenerate, all I'm noting is that

I suppose if theres a lesson to be learned here, its that all parties seemed to struggle with the timing of market movements.
.

We'll keep that one there for posterity.

geneer

heathcote123 wrote: »

We'll keep that one there for posterity.

Why not, its what I said.

Of course some parties have a bit more of a knack for understanding the underlying trends.

And some buy weeks from peak.

So theres that.

RenovationMan

geneer wrote: »

IveSeenTheLight wrote: »

Do you really have a problem understanding such a simple sentance


It's relating to growth slowing from 25% to 10%.
Where is the reference to -10%?

:rotfl:It appears to be your good self who has a problem understanding a simple sentence. How embarassing.

Its dear old pimp (amongst other brain surgeons) who've decided
a 10% fall counts as a soft landing.

A 10% reduction in growth of house prices isn't a 10% fall in house prices. It's a slowing down of growth from 25% to 10%. While I admit that 25% growth is outstanding, 10% growth isn't to be sniffed at. I'd certainly be pleased with that sort of growth for my savings right now.

IveSeenTheLight

RenovationMan wrote: »

A 10% reduction in growth of house prices isn't a 10% fall in house prices. It's a slowing down of growth from 25% to 10%. While I admit that 25% growth is outstanding, 10% growth isn't to be sniffed at. I'd certainly be pleased with that sort of growth for my savings right now.

Yep, seems that geneer does not understand that 10% growth is positive along with a host of other things he fails to comprehend.
I really do feel sorry for him.