A lot of talk...

thriftybabe

Our friend who is in the 2nd hand car trade in Scotland is saying trade is non-existant at the moment. Us Scots are definitely cutting back!

mr.broderick

thriftybabe wrote: »

Our friend who is in the 2nd hand car trade in Scotland is saying trade is non-existant at the moment. Us Scots are definitely cutting back!

6 months behind in scotland we had a rough time 6-8 months ago but we weathered the storm, tried harder and are now reaping the benefits...

beingjdc

Popping up to say something has spooked the futures market again. It currently expects the average UK house to cost £146k in December 2010 (was £200k at the peak) and the average London house to cost £232k (was £305k at the peak).

mr.broderick

beingjdc wrote: »

Popping up to say something has spooked the futures market again. It currently expects the average UK house to cost £146k in December 2010 (was £200k at the peak) and the average London house to cost £232k (was £305k at the peak).

Bored of your futures..i want hard evidence..

beingjdc

mr.broderick wrote: »

Bored of your futures..i want hard evidence..

Without a time machine, all we can show you is the ~5% falls which have happened so far, on average.

For how far it's going to fall, we have conjecture. The futures market is an aggregate of people with an opinion putting their money where their mouths are, so a pretty good way of summarising what people expect.

And sentiment and liquidity are the king and queen of the housing market, and they've both done a bunk.

Vive la Republique.

Pobby

dopester wrote: »

Wishful thinking Brodders.

Sourced from HPC, & thanks to Red for bringing my attention to these informative clear graphs.

The Psychology of the Bubble


Iveseenthelight is still dancing on top of the "New Paradigm peak", singing happy songs for all his worth...




Nice graphs. I think anyone in their right mind would agree with the second graph. I for have the thinking of the right hand boxes. £ years ago I was stressed out with the amount of business I was handling. Now I am stressed by the lack of it!!!!

Generali

mr.broderick wrote: »

Bored of your futures..i want hard evidence..

Futures are as good as you're going to get except patience. They have a market clearing price and are indicative of market expectations (amongst other things).

The argument that house prices won't fall because they haven't fallen yet is like saying you're immortal as you've never died.

mr.broderick

Generali wrote: »

Futures are as good as you're going to get except patience. They have a market clearing price and are indicative of market expectations (amongst other things).

The argument that house prices won't fall because they haven't fallen yet is like saying you're immortal as you've never died.

Some die, just to live.

Snooze

mr.broderick wrote: »

I have been browsing the threads for the last couple of weeks without actually giving much input myself.Since the downturn octoberish we have had 7 months now of crash talk, guessing crash percentages etc. I feel the storm is weakening and consumer confidence returning, i base this on a record month for us this month in the car trade, maybe we are just bucking the trend but i feel confidence is returning. I'm wondering if we are entering a period of stagnation, maybe 2 years. Was just thinking of the people in rented to be honest, who may find themselves living under the LL for a lot longer than expected, what are your views on this?

Are you on drugs? :rolleyes:

Rob

mr.broderick

Snooze wrote: »

Are you on drugs? :rolleyes:

Rob

Must admit i have been accused of being a drug user a couple of times now on mse. i am going to have to change my angle. I've noticed a few of the hardcore bears have been missing lately...SORTOFOK, DOLCEVITA ETC