House prices down 10% over 2012

mystic_trev

Dribley wrote: »

The even more amusing one is about the £40,000 you lost gambling on a Landbanking scheme :rotfl:

Here it is!

[url]Http://forums.moneysavingexpert.com/showpost.php?p=3660979&postcount=1[/url]

Hmmmm, you'd have to be pretty naive to get involved in buying plots of agricultural land in the hope you can build on them!

In all, investors paid in £5m - around £10,000 to £15,000 for each small plot of agricultural land they purchased, convinced by ULH that it could get planning permission for housing, so multiplying their money many times. Now they have nothing, not even a narrow strip of farmland.

http://www.guardian.co.uk/money/2007/oct/27/scamsandfraud.moneysupplement

mystic_trev

mystic_trev wrote: »

Hmmmm, you'd have to be pretty naive to get involved in buying plots of agricultural land in the hope you can build on them!



http://www.guardian.co.uk/money/2007/oct/27/scamsandfraud.moneysupplement

Blimey, it gets worse. If just read the whole thread!

It wasn't shares, actually.

I lent the company a sum of money, as well as buying some (probably now worthless) land.

Dribley

nollag2006 wrote: »

Well that's what Jonny Davies (HPC superhero and general muppet) predicted on December 28th 2011:
http://jonathan-davis-media.s3.amazonaws.com/inthemedia%2FHouse_prices_in_2012_281211.pdf

Funnily enough, we've not seen a lot of old JD over the past 6 - 12 months, as his predictions grow ever more risible

As you're so interested, here's his latest appearance on Radio 5.

Enjoy.

http://www.housepricecrash.co.uk/forum/index.php?showtopic=187382

nollag2006

Dribley wrote: »

As you're so interested, here's his latest appearance on Radio 5.

Enjoy.

http://www.housepricecrash.co.uk/forum/index.php?showtopic=187382

Love it! What is he predicting for 2013?

Bet it's 10% down.

Bet he's wrong - again!!

:rotfl: