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Debate House Prices
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Property forecasts: 2012 and beyond
Comments
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chucknorris wrote: »Given that the market is cyclical there will always be a point in time when prices will fall in the future (and likewise eventually recover)
That's what I was saying in 2005, but quite a few people dismissed my suggestion.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
That's what I was saying in 2005, but quite a few people dismissed my suggestion.
To think prices would continue to rise forever in 2005 is just as daft as thinking that prices will fall forever right now.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
True, just depends on how you define "long term". There was a time, not too long ago, when I had a few conversations with clients and friends about the property market. A few did argue that house prices couldn't or wouldn't fall in the future. The worst thing that could happen would be a slowdown in the rise in prices.
Well according to Nationwide, depending upon how recently you spoke to them, they have been right so far (ignoring almost insignificant movement of 0.3% over a year). Wanted to check the figures on HPC but they seem to be closed at the moment so my reply might be less accurate than would otherwise be the case.0 -
Well according to Nationwide, depending upon how recently you spoke to them, they have been right so far (ignoring almost insignificant movement of 0.3% over a year). Wanted to check the figures on HPC but they seem to be closed at the moment so my reply might be less accurate than would otherwise be the case.
So, Nationwide are the leading authority on house prices, are they ?
All I know about Nationwide is that Fionulalala CurlyWurly used to appear on BBC Breakfast News every month, wearing a grin like a Cheshire cat, telling us how great it was that house prices had risen another ~2% last month. Strangely, she has not been seen since 2007.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
chucknorris wrote: »To think prices would continue to rise forever in 2005 is just as daft as thinking that prices will fall forever right now.
Gets forgotten that prices doubled in just over 4 years - 1999 / 2003.
So the current "stagnation" in prices is unwinding the long term trend.
Ten year trend is now around 76%. Still high whatever economic\salary measurement is used.0
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