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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
    gussie wrote: »

    You really think - a few months - and all will be forgotten. :rotfl:

    Not forgotten, but i'll give it to the end of the year and the worst will be over.

    Renters hoping to cash in on a cheap property as a result of the credit crunch, will be disappointed.

    Remember, you heard it hear first folks!
  • Scabs
    Scabs Posts: 75 Forumite
    Dan: wrote: »
    Not fortotten, but i'll give it to the end of the year and the worst will be over.

    Renters hoping to cash in on a cheap property as a result of the credit crunch, will be disappointed.

    Remember, you heard it hear first folks!

    Please tell us where you get your info. Did you read it, are you an economist or did you just predict it to suit your own opinion. ?????
  • m00m00
    m00m00 Posts: 1,755 Forumite
    serious question Dan

    what do you remember of the last crash ?
    It's a health benefit ...
  • gussie
    gussie Posts: 62 Forumite
    Dan: wrote: »
    ... i'll give it to the end of the year and the worst will be over. ...

    You're wavering - first a few months - now it's the end of the year!

    Those who can rent, and sit it out will reap the benefits in 12 months time.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Here's a list of every postcode area where a house price fall was recorded:
    http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/04/12/nhouse212.xml

    Where I grew up it isn't down yet
    Where I sold last year isn't down yet

    Where I live now it is down 2.2%

    But this is just the first set of results.... let's see 3 months down the line.

    It takes awhile as there are sales in the pipeline, people who will buy whatever happens and people who are just completely unaware.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Scabs wrote: »
    Please tell us where you get your info. Did you read it, are you an economist or did you just predict it to suit your own opinion. ?????

    Where do you get yours? I have not seen any evidence of 40% drops, that most people on this forum like to predict.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    m00m00 wrote: »
    serious question Dan

    what do you remember of the last crash ?

    High interest rates, High unemployment
  • m00m00
    m00m00 Posts: 1,755 Forumite
    NG15 Telegraph says :
    NG15
    -3.7%


    m00m00's property bee analysis said.

    Median Percentage Reduction : 3.73%
    It's a health benefit ...
  • m00m00
    m00m00 Posts: 1,755 Forumite
    Dan: wrote: »
    High interest rates, High unemployment

    high interest rates don't matter if the houses were a third of the price.
    It's a health benefit ...
  • Scabs
    Scabs Posts: 75 Forumite
    Dan: wrote: »
    Where do you get yours? I have not seen any evidence of 40% drops, that most people on this forum like to predict.

    My point exactly NOBODY knows 100% when the credit crunch will be over.
    So again how do you know???.
    Also NOBODY can predict the the amount house prices are going to rise or drop.
    All I am saying is read about the subject because you clearly don't understand whats happening.

    P.S. I couldn't wouldn't predict how much house prices will fall, however 40% sounds good to me.:rotfl:
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