Crash cancelled

mr.broderick

Seems the forecasted crash has not materialised to the disappointment of some bearish members...More chance of us getting a point in tonights eurovision

Generali

We'll see old thing. Have a little patience.

mr.broderick

Generali wrote: »

We'll see old thing. Have a little patience.

You are right as always, we now have 6 points...:cool:

fc123

It's not going to FEEL like a crash...it will be a slow slide plus there is inflation to factor in so prices won't feel like they are going so low but inflation will redcuce them automatically anyway even if the 'Ticket Price' is the same as last year..
I understand these things now. Inflation..someone brings it up and I can discuss. Thanks all!

m00m00

all predictions are likely to end up being as precise as a John Terry penalty


no one can say with an certainty what's going to happen, or when it's going to happen. the signs for the economy are pretty bleak though

phil_b_2

A 'crash' was never even initiated. It was an inapropriate buzz word bounced around by the media to strike fear!!! A 'correction' however has kicked in a bit. the overpriced crappy properties nobody wants are rightly sticking to the market and being chopped in price. It is those which are mostly creating the recent statistics showing average price falls IMO.
Good realistically priced properties are holding strong and selling.

Paul_N_4

You do like a bit of bear baiting don't you Mr B.

YoY HPI goes negative at the beginning of May but before the end of May apparently it didn't happen! Its only just starting. You need to wait at least a year or two before starting a thread saying the crash is cancelled.

ManAtHome

..and the guvt did a B2B (borrow to bribe) coz they didn't want to take the cash out of their ISA...

motch

mr.broderick wrote: »

Seems the forecasted crash has not materialised to the disappointment of some bearish members...More chance of us getting a point in tonights eurovision

we're in the "mexican stand off" stage at the moment mr bro

Paul_N_4

phil_b wrote: »

A 'crash' was never even initiated. It was an inapropriate buzz word bounced around by the media to strike fear!!! A 'correction' however has kicked in a bit. the overpriced crappy properties nobody wants are rightly sticking to the market and being chopped in price. It is those which are mostly creating the recent statistics showing average price falls IMO.
Good realistically priced properties are holding strong and selling.

Don't understand what you're saying here. HPI indicators such as Nationwide and Halifax track the cost of an average home bought through them. If the cost of the average home is dropping, it has nothing to do with what the initial asking price was, they record sold prices. So talking about overpriced properties or realistically priced properties is irrelevant.

m00m00

microanalysis of one of the areas I'm tracking on property bee, shows 34.3% of property currently on the market in that area (500 properties), has been reduced in price at least once since January 23rd.

that's pretty significant.