30% fall in house prices

bukup

Tony Dye, who correctly warned that the stock market's bull run of the late Nineties could not last, believes house prices could fall 30% over five years.

interesting site http://www.housepricecrash.co.uk/

bukup

Neil Woodford, who manages £12 billion at Invesco Perpetual, is positioning his funds for a sharp decrease in property prices. His forecast for house prices is for "a 30 to 40 per cent fall over the next three to four years", a fall he describes as "a healthy correction". That would bring the average property price from £153,700 today to between £92,200 and £107,600.

bukup

Ms Choyleva does not believe that there is currently a bubble in the housing market but does see a bubble developing if double digit growth happens in 2007.

Evan has a knack of making the subject of economics interesting to the man on the street. He's normally pretty down to earth aswell but we're not sure about his prediction for 2007 but only time will tell!

CB1979_2

congrats you obviously deemed it THAT important you couldn't put your 3 snippets of BS in one thread.

well done

Musto_2

bukup wrote: »

Tony Dye, who correctly warned that the stock market's bull run of the late Nineties could not last, believes house prices could fall 30% over five years.

Tell you what, I'll give you 80% of what your house is worth now so that you won't stress about it losing more value than that over the next few years.

thesaint

thesaint says that we have not heard the last of this housing crash talk, amateurs have been talking it up for years, no sign yet.

Meanwhile prices rise month on month.

kingkano

isnt 153k the average property price of about 2003/4? lol. its obviously quite outdated information.....

30% over 5 years - is that really a CRASH? Certainly as a homeowner (rather than an investor) that kind of correction wouldnt bother me as much.

bukup

just posting it as i read it from the site i came across...if you think its bull s**t thats your choice,thanks for your coments.

I believe that the housing market will just remain stable for the coming months,but I do take an interest in peoples thoughts.Everybody has a right to voice an opinion.

Please make your comments available for all to see.

I could have titled this link 30% increase in house prices,and i'm sure there would be interesting comments on that comment too !

bukup

kingkano wrote: »

isnt 153k the average property price of about 2003/4? lol. its obviously quite outdated information.....

30% over 5 years - is that really a CRASH? Certainly as a homeowner (rather than an investor) that kind of correction wouldnt bother me as much.

yes it is out of date,but the site does have some interesting posts.

bukup

CB1979 wrote: »

congrats you obviously deemed it THAT important you couldn't put your 3 snippets of BS in one thread.

well done

thankyou,its replies like this that make this site so interesting...not

kingkano

bukup wrote: »

yes it is out of date,but the site does have some interesting posts.

I read a bit on there last month I think. Its a tad too negative for me, and any kind of disagreement with that negative stance is heavily censored and people are booted off. One sided points of view dont tend to fly too well for me.....

As to it being out of date.... did that fund manager lose his job? And if he has been pricing a 30-40% drop in property into his portfolio for the last 3yrs and been getting it wrong.... why should we suddenly believe it all now??