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Debate House Prices
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House prices 'to fall for the next five years' in longest property slump for a lifeti
IveSeenTheLight
Posts: 13,322 Forumite
http://www.dailymail.co.uk/news/article-1383668/House-prices-fall-years-longest-property-slump-lifetime.html
Gotta say though, if the worst is their predicting a 10.5% drop in real terms by end of 2015, it's hardly worth getting your knockers in a twist over.
I wonder what they then think the price will be nominally.
Gotta say though, if the worst is their predicting a 10.5% drop in real terms by end of 2015, it's hardly worth getting your knockers in a twist over.
I wonder what they then think the price will be nominally.
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:
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Comments
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I think the comments paint a better picture of public sentiment, than the article. Perhaps this was linked on HPC, hence the rather bearish trend.0
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‘There is very clear evidence that house prices affect savings and consumption,’ he said. ‘People spend more when house prices are going up, and spend less when they are going down.’
Now class, repeat after me: "A correlation does not necessarily prove a causal relationship."
The murder rate in New York goes up when sales of ice cream go up ERGO ice cream affects murders. No, I don't think so.
Hot weather increases both ice cream sales and murder rates. A booming economy increases both spending and house prices. All right, HPI increases the incidence of MEWing, which will increase spending slightly, but that only accounts for a small part of the correlation.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
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Best correlation is the one that shows crime dropping considerably 18 years after Roe Vs Wade. Absolute undeniable evidence that scum are born and bred.
About time prices fell. They are completely out of sync with reality. Its only fair that other young and up and comers get a 30% discount off the price of their home, as I did.0 -
I thought Roe vs Wade was in the US?? Didnt have any impact here. Crime has been reducing significantly in the UK. Methinks your "correlation" owes more to your prejudices than reality.
Another correlation for you (IIRC from a stats text book): Diagnosed mental illness during the first half of the 20th century is closely correlated with the number of radios. Therefore....0 -
What's a Lifeti :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0
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Sell now move in with parents then buy later................0
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The price drop seems to suggest it takes account of inflation - does that mean in absolute term the prices increase or look flat?0
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The price drop seems to suggest it takes account of inflation - does that mean in absolute term the prices increase or look flat?
Well considering the inflation rate, for me, that would indicate nominal stagnation in the next 4 years at best, if not nominal increases:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Well considering the inflation rate, for me, that would indicate nominal stagnation in the next 4 years at best, if not nominal increases
Can't see stagnation going on for another four years. We've already had three years with zero increase. I would hazard early 2012 before prices start rising steadily again.0 -
Blacklight wrote: »Can't see stagnation going on for another four years. We've already had three years with zero increase. I would hazard early 2012 before prices start rising steadily again.
What would make them rise - will the economy improve do you think and more mortgages will be dished out again?0
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