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Debate House Prices


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The Stuartz Lawz comedy hour.

http://www.ftadviser.com/2011/11/09/mortgages/assetz-data-reveals-house-price-drop-sMp5Dh7mAnxeW7FYrjvQlM/article.html

“Our previous prediction of 5 per cent growth this year is no longer tenable"
:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:


Presumably it was realistic at the start of they year Yeah.

Comments

  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    geneer wrote: »
    http://www.ftadviser.com/2011/11/09/mortgages/assetz-data-reveals-house-price-drop-sMp5Dh7mAnxeW7FYrjvQlM/article.html

    “Our previous prediction of 5 per cent growth this year is no longer tenable"
    :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:


    Presumably it was realistic at the start of they year Yeah.

    Not that far out actually, Nationwide are showing an increase of 2.5% after 10 months.
  • From the artical

    "Nonetheless prices are down only 0.7 per cent year-on-year and up 1 per cent since January and we still expect to record positive growth for 2011"

    For the att of Geneer

    I am never sure on your position on this site as your posts go off on tangents or you start having a go at someone else so for the record and this is not taking the pi$$,

    I take it your a renter or saver who wants house prices to come down? RIGHT?
  • geneer
    geneer Posts: 4,220 Forumite
    Pimperne1 wrote: »
    Not that far out actually, Nationwide are showing an increase of 2.5% after 10 months.

    :rotfl:I rather suspect stuartz lawz of assetz will be refering to his own index pimp. Which is currently at 0.7% YOY. ;)
  • It'll be interesting to see which of the four most quoted forecasters on house price sites are closest at the end of the year.

    -Ray Boulger

    -Stuart Laws

    -Howard Archer

    -Jonathan Davis

    Does anyone have their 2011 forecasts to hand, now that we have the results of the first 10 months of the year on both Nationwide and Halifax?
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    It'll be interesting to see which of the four most quoted forecasters on house price sites are closest at the end of the year.

    -Ray Boulger

    -Stuart Laws

    -Howard Archer

    -Jonathan Davis

    Does anyone have their 2011 forecasts to hand, now that we have the results of the first 10 months of the year on both Nationwide and Halifax?

    In Sep 08 Jonathan forecast the market to be 40%-50% down between 2007 and 2011.

    In Oct 10 Jonathan forecast the market to be 40%-50% down between 2007 and 2013.

    Reasoning provided for both:
    New forecast set at Sep 08/Oct 10. Given historical reference, bank failures, credit restrictions and global economic recession.
  • geneer
    geneer Posts: 4,220 Forumite
    They bulls are coming out in support of StuartZ Lawz.

    And Ray "house prices are unlikely to crash (C) September 2007" boulger.

    Comedy gold.
  • Pimperne1 wrote: »
    In Sep 08 Jonathan forecast the market to be 40%-50% down between 2007 and 2011.

    In Oct 10 Jonathan forecast the market to be 40%-50% down between 2007 and 2013.

    Reasoning provided for both:

    So....

    JD = 40% to 50% down by 2011. :rotfl:

    Howard Archer = 10% down in 2011

    Stuart Laws = 5% up in 2011


    Does anyone have Ray Boulgers 2011 forecast?
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • geneer
    geneer Posts: 4,220 Forumite
    geneer wrote: »
    :rotfl:I rather suspect stuartz lawz of assetz will be refering to his own index pimp. Which is currently at 0.7% YOY. ;)

    Sorry did I say 0.7%.
    I meant -0.7%. My mistake. :rotfl:
  • geneer
    geneer Posts: 4,220 Forumite
    Lets play this game then.

    Stuart Lawz. September 2007. "Although a little early for next-year forecasts we are currently pencilling in 5-7% growth for 2008"

    Ray Boulger. September 2007. "Houseprices are unlikely to crash".
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