Panic selling by landlords could turn slump into rout

Emy1501

Harry_Powell wrote: »

There is an old saying, Without a past, there can be no future. Basically this means that unless we learn from the past we keep making the same mistakes in the future. By looking at the historical predictions in here, we can see who we can rely on for future predictions. I have to say that carolt and most of the 'bears' were completely wrong. Purch seems to be coming out of these very well and most of the 'bulls' seem to have made sensible level-headed predictions.

Why don't you post the bulls predictions from 2007?

Thrugelmir

Harry_Powell wrote: »

There is an old saying, Without a past, there can be no future. Basically this means that unless we learn from the past we keep making the same mistakes in the future. By looking at the historical predictions in here, we can see who we can rely on for future predictions. I have to say that carolt and most of the 'bears' were completely wrong. Purch seems to be coming out of these very well and most of the 'bulls' seem to have made sensible level-headed predictions.

Seems the taxpayer is footing the bill.......

Bradford & Bingley lost £196m to mortgage fraud last year (2009), and has been forces to make provision of £388m against future losses.
The former building society, which was nationalised in 2008 having sold its savings book to Santander (formerly Abbey) specialised in its latter lending years in the buy-to-let sector, offering finance to residential investors.
The massive fraud-related losses which have now transpired were in buy to let.

carolt

Harry_Powell wrote: »

There is an old saying, Without a past, there can be no future. Basically this means that unless we learn from the past we keep making the same mistakes in the future. By looking at the historical predictions in here, we can see who we can rely on for future predictions. I have to say that carolt and most of the 'bears' were completely wrong. Purch seems to be coming out of these very well and most of the 'bulls' seem to have made sensible level-headed predictions.

Hardly. (a) prices did continue to fall for some time after I posted this thread, which you conveniently ignore, and (b) prices will almost certainly continue to fall after the election, as soon as interest rates go back to more normal levels if not before.

I notice Hamish failed to take up my very generous offer of a bet that house prices would not fall further in future. I wonder why that was?

chucky

Emy1501 wrote: »

Why don't you post the bulls predictions from 2007?

what is all this rollox about bears and bulls???

how can someone be a bull or a bear on housing?
do you think they're always going to be bulls and bears if it was the case?

it's total stupidity and even ignorance to constantly (yes constantly) refer to people as bulls or bears.

chucky

Thrugelmir wrote: »

Seems the taxpayer is footing the bill.......

wow - really big numbers.

that would be only about 3,000 properties - what was your point?

Harry_Powell

I love the way the 'bears' are buzzing like an angry swarm and ranting about "Who knew that the government would resort to this or that tactic". I mean, did they really think that politicians would sit idly by while the voters lost their homes and/or a greater part of their wealth? How naive...

Emy1501

chucky wrote: »

what is all this rollox about bears and bulls???

how can someone be a bull or a bear on housing?
do you think they're always going to be bulls and bears if it was the case?

it's total stupidity and even ignorance to constantly (yes constantly) refer to people as bulls or bears.

I was responded to Harry's post where he referred to people as bears and bulls. Cant see the problem myself. Maybe you should take your issue up with him

Harry_Powell

Emy1501 wrote: »

I was responded to Harry's post where he referred to people as bears and bulls. Cant see the problem myself. Maybe you should take your issue up with him

Actually I refer to people as 'bears' and 'bulls', emphasis on the 'quotes' to indicate that's what you guys on this board seem to use as the names of the 2 rival gangs, while also indicating that I think it's a misuse of these terms...

chucky

Harry_Powell wrote: »

I love the way the 'bears' are buzzing like an angry swarm and ranting about "Who knew that the government would resort to this or that tactic". I mean, did they really think that politicians would sit idly by while the voters lost their homes and/or a greater part of their wealth? How naive...

these same posters claimed it was a conspiracy against the non-home owners to prevent them from buying.

they even claimed that the BOE lowering rates was done specifically to aid home owners.

apart from being stupid thinking this they don't understand the economic fundamentals.

Emy1501

Harry_Powell wrote: »

I love the way the 'bears' are buzzing like an angry swarm and ranting about "Who knew that the government would resort to this or that tactic". I mean, did they really think that politicians would sit idly by while the voters lost their homes and/or a greater part of their wealth? How naive...

Back in 2008 pretty much every economist around said prices would fall till 2010. Maybe you can find one who did not? The person of course who everyone wants as chancellor predicted prices were overpriced in 2004 maybe he has not got a clue either. Mr King thought they were overpriced in 2005 him aswell maybe?

As for the government prices fell about 25% from peak and if the banks had not collapsed would have fallen further. The government did not try to save house prices they were saving the economy. You do not have a clue if you do not understand that.