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Debate House Prices


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House prices may fall by up to 25%

24567

Comments

  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    DervProf wrote: »
    There follows lots of posts expalining why this is impossible..........

    Impossible? No.

    Unlikely? Yes.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Jimmy_31 wrote: »
    The predicted percentage drops are getting bigger and bigger

    I take it you don't remember Brits old footer :)
    '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 Thatcher
  • the.ciscokid
    the.ciscokid Posts: 273 Forumite
    HAMISH_MCTAVISH wrote: »
    Love that article.:D

    Then you might like this one as well:

    http://www.express.co.uk/posts/view/15680
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    edited 17 April 2011 at 9:12AM
    Current Rightmove average price: £231,790 (link)

    Rightmove average in 2002 from the BBC article Elton linked to:     £156,084 or £190,422.48 in today's money (link)

    That's an average annual increase of about 4.75% in nominal terms or a little over 2.3% a year if you adjust for inflation. That's not as much as you'd imagine or at least not as much as I'd imagine anyway.
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    the.ciscokid wrote: »
    Then you might like this one as well:

    http://www.express.co.uk/posts/view/15680

    The predicted percentage increases are getting bigger and bigger popo_dribble.png
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Orpheo
    Orpheo Posts: 1,058 Forumite
    http://www.youtube.com/watch?v=sFacWGBJ_cs

    I'm not serenading you, Hamish, I'm buying your house for a song.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    Joeskeppi wrote: »
    The predicted percentage increases are getting bigger and bigger popo_dribble.png

    Is that a little picture of a homeowner watching the price of their home increase during the boom
  • DervProf
    DervProf Posts: 4,035 Forumite
    the.ciscokid wrote: »
    Then you might like this one as well:

    http://www.express.co.uk/posts/view/15680

    I'm sure he'll thank you for that link later. He almost ruined the original copy he had, due to "spillage".
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    Jimmy_31 wrote: »
    Is that a little picture of a homeowner watching the price of their home increase during the boom

    Possibly, but it was meant to be a picture of someone so stupid he can't stop drooling on himself.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • DervProf
    DervProf Posts: 4,035 Forumite
    Joeskeppi wrote: »
    Possibly, but it was meant to be a picture of someone so stupid he can't stop drooling on himself.

    Basically the same thing then.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
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