UK House Prices Down 44%!

Garethgrew

Soon the headlines will be uk average down 44% from peak.

Rich2808

Isn't it very odd that lovely areas with low crime, peace and quiet and beautiful scenery are seeing price falls.

Yet absolute dumps like Edmonton, Tottenham, Barking and Luton are seeing some of the largest price rises in the country.

SailorSam

Unless you want to buy or thinking of selling, prices are irrelevant.
I bought mine about 9yrs ago and it was just at a time prices started to fall, but i thought they'd crept back up again'
If i do have to sell at a loss i imagine whatever i buy will have come down from what it was.

Garethgrew

Housing Collapse Accelerating and Will Be Total

Let me put this very simply. They are LYING to you about the health in the housing markets. 100% fake statistics....but they are still giving out free money to anyone who wants it BLOWING THE BUBBLE HIGHER. This has already started to turn bad.



In the end, you house will be worth hardly anything. 10% of it's current value IF you are lucky.

The reason - close to NOBODY can afford a to buy a house without the help of a bank and when the banks crash you can watch the value of your largest assets crash overnight.

It's what was written in Greenspan's original Road to Roota Thesis...

"There is no perpetual motion machine which generates an ever-rising path for the prices of homes."

Looking at Greenspan's Long Lost Thesis
http://www.barrons.com/articles/SB120917419049046805

I have a wager that his thesis is entitled "The Road to Roota" but it has yet to be released

On that note, the Fed Boston also chimed in on the housing collapse in their publication "Banking Basics" where on page 35 they talk about the failing of the housing market:

caronoel

Garethgrew wrote: »

Housing Collapse Accelerating and Will Be Total

Let me put this very simply. They are LYING to you about the health in the housing markets. 100% fake statistics....but they are still giving out free money to anyone who wants it BLOWING THE BUBBLE HIGHER. This has already started to turn bad.



In the end, you house will be worth hardly anything. 10% of it's current value IF you are lucky.

The reason - close to NOBODY can afford a to buy a house without the help of a bank and when the banks crash you can watch the value of your largest assets crash overnight.

It's what was written in Greenspan's original Road to Roota Thesis...

"There is no perpetual motion machine which generates an ever-rising path for the prices of homes."

Looking at Greenspan's Long Lost Thesis
http://www.barrons.com/articles/SB120917419049046805

I have a wager that his thesis is entitled "The Road to Roota" but it has yet to be released

On that note, the Fed Boston also chimed in on the housing collapse in their publication "Banking Basics" where on page 35 they talk about the failing of the housing market:

Time for someone's medication

[Deleted User]

caronoel wrote: »

Time for someone's medication

:T Thanks for reminding me (seriously)!

chucknorris

Garethgrew wrote: »

The reason - close to NOBODY can afford a to buy a house without the help of a bank and when the banks crash you can watch the value of your largest assets crash overnight.

I have lived through 3 'crashes' so far, the early 70's, late 80's to early 90's and 2008, the house prices recovered in all of them, what makes you think next time will be any different? Corrections only matter if you have to sell in the trough, otherwise it doesn't make much difference.

megaginge

mystic_trev wrote: »

.......although you've got to admit it's convenient!;)

That's insane, The place actually looks quite nice, though tiny. One of the best, misleading ads ever :eek::eek:

chucknorris wrote: »

I have lived through 3 'crashes' so far, the early 70's, late 80's to early 90's and 2008, the house prices recovered in all of them, what makes you think next time will be any different? Corrections only matter if you have to sell in the trough, otherwise it doesn't make much difference.

A small perforation to Sir's tinfoil hat appears to have let the Aliens in.

GunJack

Trouble is with a place like Anglesey is that it's great for holiday/retirement living (low crime, nice place, etc.) but it's carp for jobs, careers, infrastructure, social activity, etc., so no surprise there are big swings and variations in prices, same to be said of most of North-West/Mid Wales unfortunately....

..and I am Welsh (North-East), so at least talking from first-hand experience