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House prices continue to drop as housing boom ends
Comments
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Take a quick look at the graphs here and change to the longest term view - 1970 - 2008.
http://www.houseprices.uk.net/graphs/
It does to me look like we have hit the peak for this boom.
Don't worry though guys, lower house prices are good.Keep the right company because life's a limited business.0 -
Capricorn_One wrote: »The Daily Express is just as bad if not worse. They've been trying to "generate" a crash with scary front page headlines for months.
Woeful rags, both.
What!?? The Daily Express have been pathetically trying to do the opposite for months with headlines like 'prices set to rocket again'... I can almost smell the BS on my fingers when I touch the paper.0 -
oh no 0.2%!! hope all the str's have their deposits ready! lol
okay sarcasm off. if prices continue to fall at that level, ie maybe 2% a year. inflation will carry the rest of the fall (or crash as some call it). Would this then be considered a 'soft landing'?? Most people would still be able to move their mortgage deals around because hardly any/no negative equity. Real prices for FTB etc would be lower in a couple years.... but then again, it couldnt qualify for the whole 'crash' moniker then??
What are you on? Many homes that are traditionally targets for FTBs such as apartments and new builds have ALREADY had 20-30% wiped off their value!!
During the last crash, there were small rises and falls in prices on a consistent basis according to 'statistics' - only when we look back in retrospect can we see that the truth was very different indeed. The crash isn't going to appear in a clown suit, singing Tom Jones hits whilst waving a big flag with flowers on... It will creep up from behind on the unprepared who think it can't happen and shaft them royally!0 -
:rotfl: post of the daydannyboycey wrote: »The crash isn't going to appear in a clown suit, singing Tom Jones hits whilst waving a big flag with flowers on...
Sentiment is a funny thing, I remember as a 17 year old saying if I had money I would invest it all in property, you can't go wrong etc .... everyone was saying exactly the same thing.
I remember standing on the exact same place a year or two later saying I would never put money into property as its a nightmare.... everyone was saying etc.....
Thats my experience as a inexperienced teenager of the 1990's crash.
Now as a more experienced (and uglier) person I can see it all going the same way as before. However! IF I hadn't had the experience of last time.... who knows what I would be thinking.Freedom is not worth having if it does not include the freedom to make mistakes.0 -
dannyboycey wrote: »What are you on? Many homes that are traditionally targets for FTBs such as apartments and new builds have ALREADY had 20-30% wiped off their value!!
During the last crash, there were small rises and falls in prices on a consistent basis according to 'statistics' - only when we look back in retrospect can we see that the truth was very different indeed. The crash isn't going to appear in a clown suit, singing Tom Jones hits whilst waving a big flag with flowers on... It will creep up from behind on the unprepared who think it can't happen and shaft them royally!
This must mean that conversely, other houses have gone up 5 or 10%?? Because as an average, to only get 0.2%, means that something else must have gone UP yes??
I think the personal comments aren't necessary. I'm not 'on' anything.
I personally don't think a crash will be that discerning as to who it shafts. Those that are prepared or unprepared will be shafted equally....??0 -
This must mean that conversely, other houses have gone up 5 or 10%?? Because as an average, to only get 0.2%, means that something else must have gone UP yes??
Probably, yes. But after recent revelations that even Land Registry figures are being fiddled, all statistical data needs to be taken with a big pinch of salt.I think the personal comments aren't necessary. I'm not 'on' anything.
Shame. I was going to ask where I could get some
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dannyboycey wrote: »Probably, yes. But after recent revelations that even Land Registry figures are being fiddled, all statistical data needs to be taken with a big pinch of salt.
Shame. I was going to ask where I could get some
Indeed stats can be manipulated easily. I just love all the graphs people keep posting!!! :T0
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