House prices 'to fall for the next five years' in longest property slump for a lifeti

J_i_m

I stopped taking this article seriously when I saw "dailymail".

geneer

IveSeenTheLight wrote: »

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.

:rotfl::rotfl::rotfl:The bulls continue their wriggling attempts to claim the real house price falls territory.

Who could have predicted that.

geneer

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.

0 increase is not stagnation.
Its a real fall.
Sorry to break it to you.

If the NIESR is correct, then 2011-15 would see the most sustained slump in house prices since records began in 1963. In the NIESR's words, "It will be the longest period of falling house prices that we have seen."

BOOM. HEADSHOT.

IveSeenTheLight

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.

To clarify, I wasn't calling for stagnation for the next 4 years, simply saying that if the article held true, it's stagnation at it's best, more likely increases.

I definately can't see beyond stagnation this year ( I called a -1.5% nominal in this forum earlier), potentially another stagnant year next as well.
It's quite possible we'll see small rises again next year / 2013.

geneer

IveSeenTheLight wrote: »

To clarify, I wasn't calling for stagnation for the next 4 years, simply saying that if the article held true, it's stagnation at it's best, more likely increases.

I definately can't see beyond stagnation this year ( I called a -1.5% nominal in this forum earlier), potentially another stagnant year next as well.
It's quite possible we'll see small rises again next year / 2013.

Except 1.5% nominal fall is not stagnation. So sorry.

chucky

geneer wrote: »

Except 1.5% nominal fall is not stagnation. So sorry.

great move ginger nuts, you've saved 1.5% on buying a property - 1.5%. on a £200k property is £3k.

£3k would be £250 a month in rent... i bet you've paid more than £250 a month in rent each and every month. looks like not only you're not good at maths but you've forked yourself up financially good and proper despite trying to convince everyone otherwise. well done :T

abaxas

chucky wrote: »

great move ginger nuts, you've saved 1.5% on buying a property - 1.5%. on a £200k property is £3k.

£3k would be £250 a month in rent... i bet you've paid more than £250 a month in rent each and every month. looks like not only you're not good at maths but you've forked yourself up financially good and proper despite trying to convince everyone otherwise. well done :T

Obviously maths wasn't your strong point.

chucky

abaxas wrote: »

Obviously maths wasn't your strong point.

hmmmm, thanks for pointing the exact error out and explaining the error...

geneer

abaxas wrote: »

Obviously maths wasn't your strong point.

Yet he remains a better mathematician than a successful troll.

macaque_2

IveSeenTheLight wrote: »

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.

If you are in property for investment, I would suggest that this prospect is about as desirable as a dead fox under the floor boards. And if FTSE goes up 50% by 2015, make that a dead camel under the floor boards.