50% house price falls

Running_Horse

lypsey wrote: »

Several things have come to light over the last few days that appears to show sentiment changing
http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=424293&in_page_id=19&in_author_id=2046
It says "One senior director at a FTSE bank actually wagered that, at some point over the next three years, UK house prices will have fallen by 50% from the level they are at now. "
I have for a while been saying houses will fall by 50% and finally someone from a major banks says the same

http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=424291&in_page_id=57&ct=5
Just possibly it has begun

More bad news on ASKING prices
http://www.home.co.uk/asking_price_index/

http://firstrung.co.uk/articles.asp?pageid=NEWS&articlekey=7455&cat=44-0-0
Prediction of huge withdrawl from dodgy mortgages (the same ones everyone said were non existant in the UK)


I also noticed on the front of The Mail and several other papers very gloomy house market reports

Lastly oil at 80$ and the prediction of BTL collapse in a few papers this week will see total devistation to the housing market

I know a lot of you will slate me but I still believe house will fall 50% .... watch this space

House prices? Price of oil?

You would think they would provide a forum for such discussions.

Oh wait...they do.

Wig

Running_Horse wrote: »

House prices? Price of oil?

You would think they would provide a forum for such discussions.

Oh wait...they do.

Yes but at the time this thread was started.......they didn't.

Wig

Doc_N wrote: »

Thanks - it's very interesting. The site doesn't seem to be sending out the registration emails, though, so you can't get full use out of it until they sort out the glitch.

Check your spam bucket, and if you don't find it, read the FAQ then put a post on the PBee forum. You'll need to know the username/email you used. Your username can be found by first ensuring firefox "view" "toolbars" "Property Bee" is ticked, then looking at the far right of the PB toolbar.

Doc_N

Wig wrote: »

Check your spam bucket, and if you don't find it, read the FAQ then put a post on the PBee forum. You'll need to know the username/email you used. Your username can be found by first ensuring firefox "view" "toolbars" "Property Bee" is ticked, then looking at the far right of the PB toolbar.

Thanks for this. I checked spam at the time - nothing. Asked for the verification email to be resent - nothing. Tried again yesterday, though, and got it. Must have been a glitch with the site over recent days.

Can't recommend it highly enough, though - except that it becomes compulsive!