Daily Mail headlines house price crash

lypsey

It states lots of economists (outside the vested interest mob) stating houses have got to fall


http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=447996&in_page_id=1770&ito=newsnow

I also read with interest last week that the bookies were receiveing large spread bets that houses would fall. :j :j

Red_Cat

If the Daily Mail are printing it then it must be true!

Sorry for being flippant Lypsey. I guess it's crystall ball gazing until some econimic signs really do show something. I think the issue is that a lot of the signs are mixed. Mortgage lending is still strong, house prices are rising, but manufacturing figures are steady. The economy is very different from 17 years ago.

Ems*Honie

Theres an article on the bbc news frontpage stating that houses prices are still rising.

Pinch of salt to it all!!

lynzpower

slow news day down at the mail again I see :rolleyes:

tomorrow, Prince harry in alcoholic drink shocka

mchu6am4

There is no news in the truth and no truth in the news. Tolstoy

The truth cleverly told can be the biggest lie of all (Bush&Blair) - Thomas Hardy

hedgehogpenguin

I read in the Mail the other day that the rise in neighbourly disputes was down to unchecked immigration. Maybe falling house prices is due to this too.....!!!

Woby_Tide

whilst the BBC reports that prices are rising (wonder if the Daily Mail will lead with this tomorrow now?)

http://news.bbc.co.uk/1/hi/business/6547603.stm


(so Lypsey is the fact that you will only start HPC threads related to you selling to rent a couple of years ago when you thought the bubble was bursting?)

ollyshaw

Actually the guardian was also reporting a bearish story today

http://money.guardian.co.uk/news_/story/0,,2055332,00.html

The same source!

Olly

Gorgeous_George

My first house was £24,000 and came with a mortgage at 16.5% in 1985. Similar properties today sell for £160,000 but with mortgage rates at 5.5% (?). Mortgage repayments are less than 3 times the 1985 repayments even though the house is priced at seven times the 1985 price.

Therefore, the true cost of buying (the mortgage payments) has increased by a modest 5.00% year on year where as the house has increased by 9.01% year on year.

Hardly breathtaking.



GG

Snow_Dog

Hey Lypsey, try changing the tune, maybe post on a different part of the forum, maybe about some subject other than HPC. There's a whole world out there and it doesn't evolve round inflated UK house prices.

Yeah, I agree, house prices are very high, people are being stretched to buy houses, maybe it will fall, probably will, it wont happen any quicker by you repeating on this forum parrot fashion the most juicy bits of HPC theory.

Have a :beer: and relax, if its going to happen it will.

mobile-advice

A true sign of desperation when the Daily Mail has to be quoted.

Has anyone seen this?
http://www.qwghlm.co.uk/toys/dailymail/