How far do you think the UK average property will slide down too?

JonnyBravo

oldMcDonald wrote: »

*OT post, sorry.

JonnyBravo, why don't you have a piccy of JB as your avator? I imagine you to look like him and will be soooo disapointed if you are female:)

:rotfl:

Yeah, you can hardly tell us apart. :rolleyes: But no I'm not female.... called Jonny and female... that's probably happening somewhere... but not here.

Good idea though..... I'll have to look one up! Thanks.

m00m00

this thread is an excellent example of the way debate should be carried out on here.

no pointless antagonism, no personal attacks, just people with different view points, giving those viewpoints and paying attention to differing ones.

it won't last

amcluesent

>I've now got a really, really bad feeling about the state of the world economy. Something big is about to happen.<

Israeli pre-emptive attack on Iranian nuclear site(s)? Cyber attack shutting down USA exchanges?

As a minimum, you should now have 10% of your wealth in physical gold which you have certain access to in the emergency.

I reckon £1000 in cash to hand too.

skap7309

Ive voted for £135-£145 averages but in my personal opinion - i have not got a clue.....................50% drops seem almost too good to be true, BUT, there is plenty of evidence it could happen.........................

neverdespairgirl

amcluesent wrote: »

Israeli pre-emptive attack on Iranian nuclear site(s)?

That could be a good thing, perhaps. I don't know.

dopester

Just to give you a little taste of what the smart money is currently pointing towards - the money where futures traders put their money in to action, whether on an upward or downwards market, in order to seek profit.

From The Times
June 9, 2008

Many analysts are predicting that house prices could fall by 10 to 20 per cent, but prices in the futures market for property have collapsed even more. Traders are betting that house prices will fall 50 per cent in four years and they do not expect prices to recover until 2017.

mitchaa wrote: »

I think to get beyond 50% for every single home in the UK is complete and utter madness.

Traders call it as they see it, and I think they are currently being very over-optimistic.

dopester

neverdespairgirl wrote: »

That could be a good thing, perhaps. I don't know.

It was good when Israel did the daring bombing raid on Saddam's reactors whilst they were still in construction phase... but I'm not in favour of any rush to war or to attack Iran unless absolutely proven vital to security. President Ahmadinejad is a slippery hard-liner. Rumsfield realised it way too late... in war there are so many unknown unknowns.

Snooze

Last time a 'predictions' topic came up (about a month ago) I was reckoning on 35-40% average drop and still think that... for now.

However, the future is looking pretty gloomy in general at the moment so I wouldn't be at all surprised to see 50% like some are predicting.

Ask me again in a few months when we've more MoM figures to go on.

Rob

neverdespairgirl

dopester wrote: »

It was good when Israel did the daring bombing raid on Saddam's reactors whilst they were still in construction phase... but I'm not in favour of any rush to war or to attack Iran unless absolutely proven vital to security. President Ahmadinejad is a slippery hard-liner. Rumsfield realised it way too late... in war there are so many unknown unknowns.

I agree, that's why I'm not sure.

I am sure, though, that Israel wouldn't be very happy about Iran having nukes.

amcluesent

>Traders call it as they see it...<

These traders being the same peeps who, 6 months ago, were happy that 'toxic waste' CDOs etc. had AAA risk!

Traders operate with a) very high leverage b) short-term positions c) herd-mentality d) other peoples money.