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house price adjustment
Comments
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Running_Horse wrote: »Adjustment is a strange word to use. House prices adjust every year.
Yes you are correct,I should have asked for peoples reflection on the current/short term house pricing nationally.0 -
CRASH !!!!!!0
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Whats the big deal? House prices are at an all time high, basic economics suggest they are due for a fall, it's called market correction.0
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I'm intrigued if prices aren't stable, nor rising or falling, what 'other' could there be? Is there a secret finance term we've never seen?0
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I'd love to vote, but I need to know the difference between "fall" and "crash". Oh well I'll vote for "crash".
EDIT: I believe it should fall and will fall by 40% but I give that 2 or 3 years. Over the next 12 months I think it will fall 15%.0 -
I think fall is about 15% and crash about 40%
So I've gone for fall, although I wouldn't be in the slightest bit suprised if it fell over a number of years to around 40%. Once people get scared it will just snowball. Freedom is not worth having if it does not include the freedom to make mistakes.0 -
Stable for me, with maybe a slight fall. Issues in the market / economy will have a big impact on the market, but the widespread desire to own property will more or less hold up the market st this stage
Economic conditions in the UK cannot sustain stable property prices. Prices have to rise or fall. There is no middle ground.
The reason for this is that the fortunes of the wider economy have now become intimately linked to house prices. If house prices stop rising, MEWing (and discretionary spending) will tail off very quickly (for obvious reasons). This will take over £50 billion of spending out of the economy and cost between 1 and 3 million jobs.
We have the choice of boom or bust. The UK is no longer a happy place for Goldilocks.0 -
I'm intrigued if prices aren't stable, nor rising or falling, what 'other' could there be? Is there a secret finance term we've never seen?
Maybe it's an acronym? O.T.H.E.R.
Or maybe there'll be a severe case of Brick Flu that wipes out the UK's house population.
Well spotted, I wish I'd voted 'other' now.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
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