London Has Peaked

theEnd

wotsthat wrote: »

So when was the peak?

I still feel the peak was late summer. Prices near me (SW London) went mental in the year before that.

Things still coming on a fair bit above summer '13 prices, but well below summer '14.

There should be a correction on the way (there should have been in 07/08), but will still depend on finance. Rates don't look to be going anywhere at the moment. More printing could be on the way.

Bubble_and_Squeak

theEnd wrote: »

I still feel the peak was late summer. Prices near me (SW London) went mental in the year before that.

Things still coming on a fair bit above summer '13 prices, but well below summer '14.

There should be a correction on the way (there should have been in 07/08), but will still depend on finance. Rates don't look to be going anywhere at the moment. More printing could be on the way.

i tend to agree. i called the peak in april but was a few months premature. i'd say the market hovered around the top until december. its been all bear since then.

danothy

Bubble_and_Squeak wrote: »

the market hovered around the top until december. its been all bear since then.

That's two weeks of "all bear" then? Is this like the time where you talked in the past tense about Q4 of 2014 two weeks into Q4 of 2014?

wotsthat

Bubble_and_Squeak wrote: »

do you mean the peak in terms of asking prices, sold prices, transactions, mortgage lending, demand, time on the market or sentiment?

Dunno. It's your thread but you've never actually articulated what's peaked or how it can be measured. I've asked a few times but it seems to be a big secret.

Bubble_and_Squeak wrote: »

i tend to agree. i called the peak in april but was a few months premature. i'd say the market hovered around the top until december. its been all bear since then.

You argued tooth and nail about the April peak and now admit you were wrong by at least 8 months.

Good to see you've learnt nothing though and are continuing with your ridiculously precise market commentaries.

Bubble_and_Squeak

wotsthat wrote: »

Dunno. It's your thread but you've never actually articulated what's peaked or how it can be measured. I've asked a few times but it seems to be a big secret.



You argued tooth and nail about the April peak and now admit you were wrong by at least 8 months.

Good to see you've learnt nothing though and are continuing with your ridiculously precise market commentaries.

twisted facts!

Bubble_and_Squeak

danothy wrote: »

That's two weeks of "all bear" then? Is this like the time where you talked in the past tense about Q4 of 2014 two weeks into Q4 of 2014?

YAY!
DANNYS BACK!
i've missed your nonsense, danny boy
keep it coming!

antrobus

Bubble_and_Squeak wrote: »

twisted facts!

It seems pretty plain to me.

Bubble_and_Squeak wrote: »

i'm calling April as the peak of the london property price bubble....

Eight (or is it nine?) months later and you were obviously wrong.:rotfl:

samba

I've got some shares that I follow the price of. They go up and down and down and up on a daily basis, but when you stand back and look at the prices over longer periods such as 1 year, 3 years, 5 years you start to see trends emerging, at which point you can clearly identify where the peaks and troughs are.

I don't believe anyone can say whether prices have peaked in the long term, and anyone who claims they have and is only looking at short term data should remember that we are just entering the busiest time of the year for house sales, so perhaps it would be wise to just wait a few months and see what trends emerge.

chucknorris

samba wrote: »

I've got some shares that I follow the price of. They go up and down and down and up on a daily basis, but when you stand back and look at the prices over longer periods such as 1 year, 3 years, 5 years you start to see trends emerging, at which point you can clearly identify where the peaks and troughs are.

I don't believe anyone can say whether prices have peaked in the long term, and anyone who claims they have and is only looking at short term data should remember that we are just entering the busiest time of the year for house sales, so perhaps it would be wise to just wait a few months and see what trends emerge.

For 'Peak' to mean anything it has to be used meaning immediately prior to a correction, otherwise the term is just meaningless. I think we can all agree that when 'peak' was used to relate to 2007/8 it was a useful reference point to cite.

Bubble_and_Squeak

antrobus wrote: »

It seems pretty plain to me.



Eight (or is it nine?) months later and you were obviously wrong.:rotfl:

ahhh!
you bulls!
i've said several times that i was wrong to call april as the peak.
but, if it makes you feel better you can keep going to the start of the thread and quoting it. its the only comfort you're going to get going forward and i'm happy for you to have that much