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Housing Market Downturn - Really?!

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Comments

  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    brit1234 wrote: »
    All the press and estate agents are doing is stating the blatantly obvious now we have reached meltdown. I wish they were scaring them years ago not when it is too late.

    We have reached crash point.

    CrashNBurn%20Logo.JPG

    :D

    The press do not state the blatantly obvious, they are saying that ALL house prices have fallen 2.5% this week, which is simply not true. If a house price crash happens the media are to blame, because people will be scared into selling. If people sit tight over the next few months, and let the credit crunch pass, everything will stay the same.
  • Dan: wrote: »
    The press do not state the blatantly obvious, they are saying that ALL house prices have fallen 2.5% this week, which is simply not true. If a house price crash happens the media are to blame, because people will be scared into selling. If people sit tight over the next few months, and let the credit crunch pass, everything will stay the same.

    If people sit tight over the next few months, and let the credit crunch pass, everything will stay the same.

    Did you really say that?

    Please someone tell me he didn't really say that. Please?
    Living on Earth can be expensive, but it does include an annual free trip around the Sun.
  • paulj2001 wrote: »
    Have you ever wondered why we seem to pay more for a bungalow in the UK than a house?

    Land prices make a difference, though - if you have 2,000 sq. feet over 2 floors, it takes up less land that the same footage over one floor.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    If people sit tight over the next few months, and let the credit crunch pass, everything will stay the same.

    Did you really say that?

    Please someone tell me he didn't really say that. Please?

    Of course, why would you see any significant falls if few people are selling?
  • Dan: wrote: »
    The press do not state the blatantly obvious, they are saying that ALL house prices have fallen 2.5% this week, which is simply not true.

    I don't think the press said anything of the sort - they talked about the "average house price" which seems entirely correct, to me.
    Dan: wrote: »
    If people sit tight over the next few months, and let the credit crunch pass, everything will stay the same.

    :rotfl::rotfl::rotfl::rotfl::rotfl:
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Dan: wrote: »
    Of course, why would you see any significant falls if few people are selling?

    Because even fewer people are buying. Next?
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Dan: wrote: »
    Of course, why would you see any significant falls if few people are selling?

    Yes indeed and isn't it a nice day today.
    Now doesn't that cake look scrummy Dan?
    Eat it all up and then show all the nice people that lovely basket you're making.
    Living on Earth can be expensive, but it does include an annual free trip around the Sun.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I don't think the press said anything of the sort - they talked about the "average house price" which seems entirely correct, to me.

    Rubbish! they have been saying prices are falling by 2.5% nationwide, which is incorrect.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Because even fewer people are buying. Next?

    makes no difference.
  • Gonzo
    Gonzo Posts: 115 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Dan: wrote: »
    Rubbish! they have been saying prices are falling by 2.5% nationwide, which is incorrect.

    I think there's only one way to find out......

    FIIIIGGGHHHTTTTTT!!!!!

    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.

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