House Price Crash Discussion Thread

carolt

chucky wrote: »

it's quite amusing watching the doom mongers on here...

a 1.1% decrease in house prices isn't the 20% or 30% price drop a crash would imply...

let's be realistic and see that there is a lack of fluidity in the market caused by lack of cheap credit and also sellers looking to sell there property at a too high price. also the better properties will always maintain their price.

as always there is credit out there but at a price if required.
the banks will lend but charging higher fees.

to get a different angle on this look at the volume of property bought and sold this has dropped too only because people are sitting tight and not selling.

it's not a perfect market but it's not a bad one or even one that is crashing - get a grip please... :-)

It's quite amusing reading illiterate posts that cannot even quote a straight figure correctly....

The monthly drop was 2.5%, not 1.1%!

Anyone reading this, might want to consider the wisdom of relying on the advice of someone who cannot tell the difference between 1.1% and 2.5% monthly drops.

You may think the worst month-on-month falls in house prices since the ERM crisis of 1992 are nothing much, but funnily enough, all the economic experts out there seem to disagree with you.....

I wonder who could be right???? Tough call, eh?

BACKFRMTHEEDGE

I think the poster got confused as it was a monthly drop of 2.2% but an annual rise in house prices of 1.1%. I'm not being funny but has nobody complained about your rudeness to other MSE users? It's unbelievable and I think totally unacceptable.:mad:

Mr._H_2

BACKFRMTHEEDGE wrote: »

I think the poster got confused as it was a monthly drop of 2.2% but an annual rise in house prices of 1.1%. I'm not being funny but has nobody complained about your rudeness to other MSE users? It's unbelievable and I think totally unacceptable.:mad:

I don't see how Carolt was rude. She (?) just told it as it is. Chucky can't read properly.

As an aside, it's worth pointing out again that whilst they might have "officially" said that house prices rose 1.1% year-over-year, that number is based on heavily fudged other numbers. If you compare the average house price in March 2007 to March 2008, according to Halifax's index, you discover that year-over-year, there's actually been a 1.3% drop.

BACKFRMTHEEDGE

carolt wrote: »

It's quite amusing reading illiterate posts that cannot even quote a straight figure correctly....

You don't think this is rude?

BACKFRMTHEEDGE

carolt wrote: »

The monthly drop was 2.5%, not 1.1%!

The poster merely got confused between the monthly fall and the annual rise.

BACKFRMTHEEDGE

carolt wrote: »

Tough call, eh?

This is also rude and I've seen people get chucked off MSE for less. If you have such a strong point to make why can't you make it with politeness?

Everyone is entitled to their opinion. They don't have to agree with you and someone will complain about you soon.

Mr._H_2

BACKFRMTHEEDGE wrote: »

carolt wrote: »

It's quite amusing reading illiterate posts that cannot even quote a straight figure correctly....

You don't think this is rude?

No.

Since you asked:

Chucky has demonstrated that he (?) cannot read properly and he's also made serious spelling and grammatical errors (e.g. you're instead of your). Therefore the label "illiterate" is accurate, or at least, in the right direction. It is also true that Chucky failed to "quote a straight figure correctly".

I therefore find Carolt's post to merely be telling it like it is rather than rude.

BACKFRMTHEEDGE

Mr._H wrote: »

No.Since you asked:

Then you are as rude as the poster.

Mr._H_2

BACKFRMTHEEDGE wrote: »

Then you are as rude as the poster.

According to you.

But you also find a harmless sarcastic remark "rude", so I'm not all that concerned. I think you need to chill out.

mircea

Mr._H wrote: »

According to you.

But you also find a harmless sarcastic remark "rude", so I'm not all that concerned. I think you need to chill out.

I actually think the OP is right: both yourself and Carolt were rude - calling somebody illiterate is hardly polite. Perhaps an apology from all parties would settle things.

Regards,
Mircea