Please revoke the 'house price crash' thread ban

itsgototstop

Sorry couldn't resist!

Nenen

HelpWhereIcan wrote: »

1) The poll clearly defines a crash as a fall of more than 20% and a small crash as a fall of 10-20% ... you seem to define a crash as any drop.

2) You will obviously be one of the ones who is overjoyed that Nationwide have announced a 0.1% drop (seasonally adjusted of course :rolleyes: ) in Month on month figures but dismissive that year on year figures are still positive.

Regarding the two points you made (my numbering):

1) I pressed your thanks button for your help in clarifying things. You are absolutely right; I completely (and rather stupidly ) overlooked the difference between 'crash' and 'drop' which is why J's post confused me so much. I am grateful for the explanation. :beer:
2) I rather less grateful for the sarcastic assumptions you've made there that are actually not accurate!

Nenen

jamesd wrote: »

Nenen, I used the crash line from the poll result. Personally I don't consider that 20% is a big enough drop to deserve the label crash because I'm used to thinking in 35-45% stock market crash terms but I just went with what the poll called a crash.

The house buying and selling section may get quite difficult if there is a big drop: people able to buy or picking up repossession bargains posting while next to them people who couldn't handle their payments are posting about repossession. May be tough for some to see that others aren't rejoicing at their personal misfortune but instead at a market change that finally gave them the opportunity to pursue their own dream.

Thank you SO much for explaining things so politely and clearly Jamesd. I made a silly mistake not distinguishing between 'crash' and 'drop' and appreciate your clarification. :beer: