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Debate House Prices
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Jewish Chronicle Article Nov 2008
Comments
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But of course you will agree that generally he's not very accurate with his predictions?
I'd say that generally he's not 100% correct in his predictions.
Of course he's also infinitely more accurate than those who utterly failed to see it coming at all.
Naturally 99% of being correct is in the "timing" right?
Who could have seen that one coming. :rotfl:
Of course, as stated on my very first post on this thread, all discussed at length a number of times before.
So rinse, rewind, repeat.0 -
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).
I seem to remember you found a rather good quote that predicted future months to a tee, and geneer rejected him as a muppet, or a clown or something. Twas rather amusing.0 -
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heathcote123 wrote: »I seem to remember you found a rather good quote that predicted future months to a tee, and geneer rejected him as a muppet, or a clown or something. Twas rather amusing.
You conveniently forget that I've said on a number of occasions that I've never subscribed to some of the excesses of JDs predictions.
So I'll say it again. He didn't get everything right.
But he got enough right to deserve some credit for it.
And he clearly did infinitely better than the clowns/muppets who utterly failed to see it coming at all.
It is most amusing that you guys cannot bring yourself to admit the same.
Even to the point where Hamish concluded that some clown/muppet who in autumn 2007 stated that prices wouldn't crash was more accurate than someone who, in 2005, predicted house prices would crash in 2007.
You honestly couldn't make it up.0 -
Although not as easily discredited as those pundits who claimed house prices would never crash, and in some cases called a soft landing every year since 2002.
Wow they were well pessimistic, prices are much higher than 2002
'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 Thatcher0
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