Rightmove August Fall of -2.4%

System

Bit of an overreaction, anyway, yes sorry, you were 30%.

homelessskilledworker

I fully understand that less people buy in August for obvious reasons, but why would that effect the asking price??

homelessskilledworker

Joeskeppi wrote: »

Bit of an overreaction, anyway, yes sorry, you were 30%.

And wrong again!!

I think we are just entering a downward trend right now, I will even hold fire on that for a few more months yet until I have seen a little more data. And I think prices could well fall 30% from here, I have never said that I thought prices would have fallen 30% by now.

System

Ah yes, the predictions with no dates.

I'll do one, prices will increase by 100%. Dunno when.

As much as I'd like to continue this discussion I could do with out more death threats and promises to "track me down", so I'll excuse myself.

Graham_Devon

Joeskeppi wrote: »

Ah yes, the predictions with no dates.

I'll do one, prices will increase by 100%. Dunno when.

As much as I'd like to continue this discussion I could do with out more death threats and promises to "track me down", so I'll excuse myself.

Predictions with no dates are pretty useless, though give an idea of the posters thoughts.

No predictions at all though...when scoffing at others opinions is poor

System

I've made plenty of predictions and been more accurate than the majority on here.

ruggedtoast

This Rightmove fall will bring hope to hard pressed families, desperate for a small stakeholding in their own homes and communities.

Every return to affordability for average people is to be welcomed and celebrated.

The day of reckoning will come, and when it does it will be swift, silent, and deadly.

homelessskilledworker

Joeskeppi wrote: »

Ah yes, the predictions with no dates.

I'll do one, prices will increase by 100%. Dunno when.

As much as I'd like to continue this discussion I could do with out more death threats and promises to "track me down", so I'll excuse myself.

Ehhhh!!

You are a silly little boy, ALWAYS have to turn it into a fist fight.
Again you are way off the mark and talking tripe, yet again!!.

To predict a 100% rise would be a certainty over any given length of time. To predict a 30% ish fall from this day onwards is by no means a certainty, and the time scale become irrelevent as the prediction/estimate would still hold strong. In fact a 30% fall in nominal terms over a longer period would be far more painfull to a property investor. so yet another dumb little example from yourself.

And I have made it 100% clear on my views as to when this will happen, and by doing that I have to consider what else will the politicians or BOE do from here on, which is impossible to do. If they do for example decide to print another half a trillion pounds in order to prop up an ailing economy, we are ALL in big trouble. But I have said that I think we could have well entered a downward trend now, how much more clearer can you get.

Look forward to you next non contributing infantile reply to this thread

chewmylegoff

HAMISH_MCTAVISH wrote: »

Oh for the love of....

Rents are rising in real terms year on year, and are also rising at nearly twice the rate of average wages year on year.

In a recession, with high unemployment, negative consumer sentiment, and falling disposable income, rents are rising. Which is exactly the opposite of what any of the housing bears predicted would happen, because they didn't believe there was a shortage of housing.

Happy now?

well if we look at the period over which "mortgage rationing" has been occurring (which is the main driver behind increasing rents, at least according to you) we see rents increasing from about £685 in July 2008 to £725 in July 2012. Rents are therefore up 5.8% over that 4 year period which is roughly half of the rate of inflation.

or in other words rents have not increased in real terms during the recession (although if they keep going at the current trajectory that will eventually change).