Credit crunch forecaster now suggests 50% falls in house prices

geneer

Dan: wrote: »

[MSE] People have been telling me for the last 3 years. I'm wondering how much longer i'll have to wait as it's starting to take the p!ss now.

Quite carefully worded.
Did anything happen 4 years ago that your trying to avoid discussing?

Dan:_4

geneer wrote: »

Quite carefully worded.
Did anything happen 4 years ago that your trying to avoid discussing?

No, 4 years ago I was told to expect 50% falls by xmas 2009.

homelessskilledworker

Cleaver wrote: »

I happen to agree, but that doesn't mean that we're both right. But I certainly don't think the falls from here will be anywhere near 50%. Would be fairly surprised if they even hit 15%, as I think moderate falls and long stagnation is what we're facing. Just my opinion though.

By the way, if you're homeless are you posting this from an internet cafe?

Well Sir, I think the falls will be far worse than 15%, and I also think that those wishing for a severe property crash will change their minds when it happens, be careful what you wish for as the saying goes.

I think even the powers that be know what is coming our way, it is going to be worse than the 1930's.

There simply will not be the money to buy overpriced property.

heathcote123

homelessskilledworker wrote: »

If you look at the simple facts of what is happening with the economy right now it is impossible to come to any serious conclusion that hous prices will do anything but fall, end of.

.

Are you referring to the printing money bit?

macaque_2

homelessskilledworker wrote: »

Well Sir, I think the falls will be far worse than 15%, and I also think that those wishing for a severe property crash will change their minds when it happens, be careful what you wish for as the saying goes.

I think even the powers that be know what is coming our way, it is going to be worse than the 1930's.

There simply will not be the money to buy overpriced property.

A large fall in property prices will certainly create severe short term problems but this is essential for long term prosperity. High house prices make the economy uncompetetive and promote a brain drain.

homelessskilledworker

macaque wrote: »

A large fall in property prices will certainly create severe short term problems but this is essential for long term prosperity. High house prices make the economy uncompetetive and promote a brain drain.

I have no idea if it will or won't, but like I said it is just now impossible for their not to be heavy property price falls.

Dan:_4

macaque wrote: »

A large fall in property prices will certainly create severe short term problems but this is essential for long term prosperity. High house prices make the economy uncompetetive and promote a brain drain.

Hi macaque, how's things?

How do I apply to become a member of the 70% club?

As I am now in private rent for the foreseeable future, I feel it may be in my interest to join up.

macaque_2

Dan: wrote: »

Hi macaque, how's things?

How do I apply to become a member of the 70% club?

As I am now in private rent for the foreseeable future, I feel it may be in my interest to join up.

Membership is by invitation only but I have asked the membership secretary to keep an eye on your posts. If they look good, who knows, an envelope may be dropping on your door mat one day soon!

StevieJ

homelessskilledworker wrote: »

Well Sir, I think the falls will be far worse than 15%, and I also think that those wishing for a severe property crash will change their minds when it happens, be careful what you wish for as the saying goes.

You can think what you like but it doesn't make it so

Cleaver

homelessskilledworker wrote: »

Well Sir, I think the falls will be far worse than 15%

Fair enough. You may well be correct and it's fine that we can agree to disagree.