How Much Will Prices Fall ?

JonnyBravo

skap7309 wrote: »

Or -19.68% since Aug 07. I like that fact better.

This stat, (not sure if it's right, I cant be !!!!!d to check), made me look up what I seem to remember as the very first poll we had in our old sub-board about house prices. (Ah... the good ol days... )

I'll stick my hand up and say I opted for the 20-30% option which now looks as if it's going to be at the optimistic end of the scale (ie wrong), but possibly not by much? If I could change my mind I'd now be voting for the 30-40% option.

Admittedly there's not too many of the names still around (thankfully in some cases) but an interesting snapshot of opinion only 10 months ago though.

How things have changed eh??

Cannon_Fodder

IveSeenTheLight wrote: »

I chose between 0 and 10%

I actually think it could range from "they will level out for the next few years" to about 15%. this was why I chose the middle of the three options this falls into.

Regardless, each area will be affected differently and therefore this is my thoughts for the country as a whole.

I wonder if by 'country' ISTL meant Scotland...?

Useful get out clause.

reweird

I voted for them to level out because that is pretty much what has happened across the country. However last weeks excellent news from the Halifax clearly points out that we are on the precipice of some major price increases over the next month or so. Now now if you can or forever rent. Or forever at mummies.

smamst

The damn is breached now reweird, sell any property you have, trust me the game is now going into checkmate for the bears.

reweird

You bears have been saying that since 2002 when a certain Johathan Davies sold to rent and set up HPC to initiate a housing and economic collapse.

neas

from 2008 i think they crashed 15% or so so thats some people right lol :P

wotsthat

TheEnigma wrote: »

I do not know how anyone can possibly be bullish for house prices from here. There is no way house prices can go up more from here in real terms in the short term.

Maybe when people buy houses with a 25 year mortgage they are thinking about the long term?

Jimmy_31

reweird wrote: »

You bears have been saying that since 2002 when a certain Johathan Davies sold to rent and set up HPC to initiate a housing and economic collapse.

I took one look at house prices in 2002, laughed and walked away.

Now im back

ukcarper

Jimmy_31 wrote: »

I took one look at house prices in 2002, laughed and walked away.

Now im back

Looked at land reg and house prices in north west seem to be over 50% more than they were in 2002.

EchoLocation

reweird wrote: »

However last weeks excellent news from the Halifax clearly points out that we are on the precipice of some major price increases over the next month or so.

I really wonder how much you're just on a wind up when you post things like this, because you can't in all seriousness believe that.