This could be a mistake!

Graham_Devon

Don't worry about dragging it up....I'm saving up the pennies as I feel I owe someone an Orange Kitkat!

Things have turned around a lot since this thread was created. I talked about catalysts for prices increases on page 2 and no one, least me, was able to put any forward.

Roll on a few months and the catalyst is announced. Help to Buy and an extension (and increase) to funding for lending. That caught me out and therefore the prediction is now toast.

Similarly though, no one else on here was even thinking that the government would come along and mass guarantee mortgages. Things happen, predictions have to change when the landscape changes. At the time of this thread, economists were still suggesting interest rate increases were a year away. 2 years on and they are still a year away.

Hindsight is absolutely wonderful. BUT, the offer is still there. I will, by the looks of it be utterly wrong, so make of that what you will!

wotsthat

Graham_Devon wrote: »

Roll on a few months and the catalyst is announced. Help to Buy and an extension (and increase) to funding for lending. That caught me out and therefore the prediction is now toast.

If it hadn't been for that pesky help to buy scheme..:)

Loughton_Monkey wrote: »

"Never in the field of house price economics, has so much HPI been blamed on so few...."

The other catalyst, of course, was an improving economy which collided with a pre-existing shortage of housing. That caught you out too.

Aberdeenangarse

RenovationMan wrote: »

Deary me, what a sad, sad act.

Yes Reno you really are!

HAMISH_MCTAVISH

Graham_Devon wrote: »

I will, by the looks of it be utterly wrong

Don't worry, we're used to it by now.

N1AK

mayonnaise wrote: »

All threads seem to get locked after 2 years, so that was not an option.
We can always drag this one up next year.

I'll let you off then. Though I'm still going to bracket you in the needs to get out more if you're bookmarking when to resurrect threads on a house price discussion forum

greggymagic

mayonnaise wrote: »

If you insist.

And how on earth did you remember this thread seeing as how you "only joined" in Oct 2013..........

;-)

chucky

Graham_Devon wrote: »

Land reg, house prices, 135k or under within 3 years.

A stopped clock is right twice a day.

MFW_ASAP

Graham_Devon wrote: »

Roll on a few months and the catalyst is announced. Help to Buy and an extension (and increase) to funding for lending. That caught me out and therefore the prediction is now toast.

This is what I was saying for the years when the bears held sway over this forum. 'Do you really believe that the government will sit back and do nothing while the economy collapses around our ears?'

To base their economic hopes, dreams and even worse, theirs and their family's financial wellbeing on the flawed argument that an economic crash will happen and will be allowed to play out without intervention was crazy. To then compound the idiocy with bitter statements about 'props', when the government takes a completely expected/anticipated interventionist route and ruins their plans was laughable. It was (and still is with some people) like watching sulking children.

On another note, I see that my prediction of three more years of 0.5% interest rates seems to be holding up.

chucky

It's just not fair.

The government intervening to stop the economy crashing, lowering interest rates, stopping people losing their jobs, helping companies in financial difficulty, helping struggling families so they won't lose their homes etc... etc...

It all is soooooo unfair that it hasn't caused lower house prices for certain individuals to take advantage of other people's despair.