House prices may fall by up to 25%

B_Blank

julieq wrote: »

Well let's come back in a year Blankie, and we'll see, won't we? As pointed out in the article Jimmy was quoting, the Nationwide aren't part of that consensus, they're predicting nominal stagnation. I think you may be selectively choosing the participants in your consensus. Since you fluctuate wildly yourself between predicting rises, falls and the end of the world as we know it because some people dare to rent houses to other people, it's a little difficult to understand where you sit.

Incidentally you have about as much understanding of what trolling is as you have of how the housing market works. Trolling is the deliberate disruption of a discussion forum via a number of well known rhetorical techniques to create arguments. It isn't disagreeing with B Blank.

Nice to see you failing to make any sort of arguement again Julie. The bulls are getting very poor at fighting their corner recently!

Actually its one of the financial times "mialbags" online - what do you think housing market woud be like in 2011. They had answers from about 50-100 economists and the general consensus was 5-10% falls (alot predicted more falls, and a few predicted a flat market/small rises)

1-0 to Mr Blank!

HAMISH_MCTAVISH

B_Blank wrote: »

a 5-10% real term fall in house prices

Now all you need is a vendor to sell you a house in a mythical inflation adjusted currency rather than in pounds sterling.

1-0 to Mr Blank!

Game, Set and Match to Mr McTavish.

B_Blank

HAMISH_MCTAVISH wrote: »

Now all you need is a vendor to sell you a house in a mythical inflation adjusted currency rather than in pounds sterling.



Game, Set and Match to Mr McTavish.

Actually someone thanked my post and nobody has thanked yours.

I repeat:

1-0 Mr Blank.

J_i_m

Yes... well this is all very mature isn't it?

Come on guys, I imagine we'll all adults here? And yet some people are !!!!!ing as though they're children in the school playground.

Personally I'd like to find some well informed opinions on house prices and whether they are likely to fall or rise.

I'm someone who is about to embark on a saving plan to build up a deposit, things are uncertain enough, what with the economy, being uncertain if I'll even have a job in 6 months and what just the heck house prices may be or may not be like.

And instead of sensible mature discussions on the likely fate of the housing market I have to sieve through posts mostly made up of childish bickering that only serves to further confuse let alone irritate.

If people haven't anything constructive to say, maybe they should unplug the keyboard.

DervProf

J_i_m wrote: »

If people haven't anything constructive to say, maybe they should unplug the keyboard.

Where's the fun in that ?

If it were just about people's opinions on house prices, some would say they'll go up (ie Hamish), some would say they will stay about the say (ie erm ????) and some will say they will fall (ie me - but not by 50% !!). This forum would be finished in a few days, because all that can be said, would be said.

Far better to have the "serious" debate, with a healthy dose of verbal jousting and resonably friendly squabbles, I reckon.

DervProf

J_i_m wrote: »

I'm someone who is about to embark on a saving plan to build up a deposit, things are uncertain enough, what with the economy, being uncertain if I'll even have a job in 6 months and what just the heck house prices may be or may not be like.

If people haven't anything constructive to say, maybe they should unplug the keyboard.

FWIW, here's my 2p.

Things are uncertain, especially as you are uncertain about your job. If that is the case, I don't think that asking people's opinion on house prices is very relevant to your current situation. If you want my advice, I would save some money anyway, as you might be out of work soon (hopefully not). If you are not out of work, and house prices don't rise beyond your reach, you may well be in a position to buy a house. If house prices do rise beyond your reach, saving some money shouldn't have done you much harm. I reckon it's a good idea to have a few £ behind you, whatever happens, if possible.

Pimperne1

DervProf wrote: »

FWIW, here's my 2p.

Things are uncertain, especially as you are uncertain about your job. If that is the case, I don't think that asking people's opinion on house prices is very relevant to your current situation. If you want my advice, I would save some money anyway, as you might be out of work soon (hopefully not). If you are not out of work, and house prices don't rise beyond your reach, you may well be in a position to buy a house. If house prices do rise beyond your reach, saving some money shouldn't have done you much harm. I reckon it's a good idea to have a few £ behind you, whatever happens, if possible.

Good sensible advice Prof, could do with a bit more impartial advice on the site. If you are unsure about your job don't buy. If you are certain about your job, consider buying (not that I am saying you should buy though).

property.advert

You simply cannot have rents advancing to records levels whilst at the same time having building values plummeting by 25% or more. Any fool with a basic grasp of economics 101 can see how this is impossible.

Utter garbage journalism.

B_Blank

property.advert wrote: »

You simply cannot have rents advancing to records levels whilst at the same time having building values plummeting by 25% or more. Any fool with a basic grasp of economics 101 can see how this is impossible.

Utter garbage journalism.

Not if the starting point is for rent/house value ratios is already excessively high.

IveSeenTheLight

B_Blank wrote: »

O come on Julie. Stop the trolling. Consensus among economists is a 5-10% real term fall in house prices this year. This is looking likley from the land registry figures.

Get a grip julie!

Ah, grasping at real term falls are we?
Not that that affects purchasers who pay nominally.

With inflation circa 5% (depending if you use CPI or RPI) your effectively agreeing with stagnation or a less than 5% drop nominally.

Not anything to get flustered about in my opinion