House Prices Surge 68%

Pimperne1

geneer wrote: »

What ever you say pimp. :rotfl:

Do you have one of those charts going back to 1982?

geneer

Pimperne1 wrote: »

Do you have one of those charts going back to 1982?

Because that would prove......?


Its astonishing though isn't it.
You lived through one house price crash, yet completely failed to comprehend the possibility that another could and would occour.

Good point pimp. Thanks for highlighting.

Pimperne1

geneer wrote: »

Because that would prove......?


Its astonishing though isn't it.
You lived through one house price crash, yet completely failed to comprehend the possibility that another could and would occour.

Good point pimp. Thanks for highlighting.

Don't count 10% drop as being a crash when I think we all said the market was a bit frothy.

geneer

Pimperne1 wrote: »

Don't count 10% drop as being a crash when I think we all said the market was a bit frothy.

Though according to your favourite land reg nominal average falls are 13%. Which, interestingly enough was the value of the nominal falls during what everyone and their dog called a house price crash back in the 90's.

Of course pimps decided to call it a teapot.
So of course its clearly a teapot, and not a house price crash.



Good lord. Your in your 50's pimp. Seriously?

IveSeenTheLight

geneer wrote: »

Though according to your favourite land reg nominal average falls are 13%. Which, interestingly enough was the value of the nominal falls during what everyone and their dog called a house price crash back in the 90's.

Your quite right, it can be statistically shown that the house price correction of 2008 did indeed fall greater both nominally and as a percentage than it did in the 90's.

Did you capitalise on this historical greater correction?

MatteH

IveSeenTheLight wrote: »

Did you capitalise on this historical greater correction?

I expect not, it would have been silly to what with far larger price falls in the pipeline.

IveSeenTheLight

MatteH wrote: »

I expect not, it would have been silly to what with far larger price falls in the pipeline.

That remains to be seen.

We've already seen a larger correction both nominally and as a percentage than was seen in the 90's.

How far would prices have to drop to counter the effect of things such as rent?
Time is a major factor as each month that passes, the outgoings of non homeowners waiting for the bottom is constantly increasing.

marlonthemagnificent

house prices are going to slump
there can be no stopping that
there are still come over-leveraged people who will argue until they are blue in the face that prices will not fall, but they are goign to proved very wrong, and their greed will get the better of them

IveSeenTheLight

marlonthemagnificent wrote: »

house prices are going to slump
there can be no stopping that
there are still come over-leveraged people who will argue until they are blue in the face that prices will not fall, but they are goign to proved very wrong, and their greed will get the better of them

Welcome to the forum.
I'm sure you'll find some very interesting threads that have debated the pro's and con's regarding house prices including the findamentals which will affect the market.

I'm curious, what price do you think they will bottom out at (on average)?

geneer

IveSeenTheLight wrote: »

That remains to be seen.

We've already seen a larger correction both nominally and as a percentage than was seen in the 90's.

How far would prices have to drop to counter the effect of things such as rent?

We did the maths for that.
A 20% fall on the average house price would buy you 12 years of rent.