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Debate House Prices


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Jewish Chronicle Article Nov 2008

15791011

Comments

  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    robmatic wrote: »
    I have no idea why you think that applies to me.


    Why is that prediction relevant? What about all the other incorrect ones?

    Like this one?

    http://www.housepricecrash.co.uk/forum/index.php?showtopic=7192&st=8
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    robmatic wrote: »
    I thought that it happened in[STRIKE] 2007[/STRIKE] 2008/9, as predicted by JD. In which case, selling to rent in 2002 would be pretty daft really.

    I have corrected that for you :)
    '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
  • geneer
    geneer Posts: 4,220 Forumite
    robmatic wrote: »
    He was right in that one prediction, but has generally been wrong. Why won't you admit that? What does the accuracy of one prediction demonstrate?

    It demonstrates that he was spot on in that particular prediction of course. :)
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    The "sharp drop" in 2007 to which JD refers appears, from peak, to be the following:

    Halifax £2.7k
    Nationwide £2.6k
    Land Registry £1.5k

    In actual fact all the indices were significantly higher at the end of 2007 than they were at the beginning.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Pimperne1 wrote: »
    The "sharp drop" in 2007 to which JD refers appears, from peak, to be the following:

    Halifax £2.7k
    Nationwide £2.6k
    Land Registry £1.5k

    In actual fact all the indices were significantly higher at the end of 2007 than they were at the beginning.

    Don't tell me he was even wrong about house prices collapsing in 2007 :eek: what was he correct about then?
    '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
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    Jonathan said in April 205 that "although there would only be small falls in price in the next few months there was likely to be a sharp drop in 2007".

    I wonder what he would have said if someone had been able to point out that prices would go up from the then average price of £156,128 to a peak of £186,044 before falling at all. Here we are now with prices at £165,194 (all figures from Nationwide).

    (Although in "real" terms they have of course plummeted).
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    You are not sayng that prices are actually higher now than when he made his prediction? the plot thickens :) I am struggling to see Geneer's point about him being a great forecaster.
    '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
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I get it now, he was actually referring to real house prices ;)
    '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
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    StevieJ wrote: »
    I get it now, he was actually referring to real house prices ;)

    Dontcha know that's what they were all referring to (they just never explained it properly - but they're happy to now). ;)
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