Debate House Prices


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Prices will fall by 50% in four years

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Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    DaddyBear wrote: »
    The main problem with that graph is that there were signs of a correction in 2004. However, the government & BOE panicked and interest rates were lowered. If we'd had a small correction then, we wouldnt be in this rediculous mess.
    the graph's not really a problem - it's quite straightforward really.
    the acceptance of the data in the graph by people that have a different viewpoint is the biggest problem.
  • Still being under peak in 5 years time?

    Surprised chucky and hamish are happy about that thought.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Still being under peak in 5 years time?

    Surprised chucky and hamish are happy about that thought.
    why would you be surprised?
  • Perhaps unfair to limit to just you two. But you were the one who posted it, as though it carried weight, and hamish was the one jumping on it for effect.

    Perhaps should say "surprised bulls are happy at still being under peak in 5 years time".

    After some area's recovery of recent date, we should be passed peak in the summer, according to some.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Perhaps unfair to limit to just you two. But you were the one who posted it, as though it carried weight, and hamish was the one jumping on it for effect.
    it actually carries very little weight but probably more accurate than many on here would be. it's always good to update threads with the latest figures.

    unless you have £500k spare - you won't get anywhere nearer getting involved with Tradition to trade against these derivatives.
    After some area's recovery of recent date, we should be passed peak in the summer, according to some.
    you'll probably find your definition of a bull is not the real definition.

    just because people have realistic opinions it doesn't make them a bull.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    edited 11 January 2010 at 3:18PM
    In Jan 2009 I did a thread asking why the bears were'nt following Warren Buffets mantra to'buy when no one else is'.

    1 year on are prices in my area are up about 10% and there is for once a genuine shortage as new home building has dried up. I have several client's getting pretty desperate to find a home in a landscape where few sellers need to sell, afterall many have vanishingly small mortgage payments to find.

    I tell you now PRICES WILL RISE ANOTHER 10% THIS YEAR.
    They will then gradualy increase as the economy takes up the reducing role of QE.

    No graphs required.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Conrad wrote: »
    In Jan 2009 I did a thread asking why the bears were'nt following Warren Buffets mantra to'buy when no one else is'.

    Perhaps the ones being bearish but classed on here as bulls did.;)
  • Nutrisse wrote: »
    Abuse Report Received [#342277]

    Did you really have to open a new account just to click that little red button?;)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    edited 11 January 2010 at 4:00PM
    So that was a 25% drop

    Thats not that much really it seems. If we add in the loss of value in sterling in the last few years we also have another 20% loss

    Total loss about 45 % then, we have the drop now we can see the rise it seems to me ? Whats the argument


    Mr_Mumble wrote: »
    We've seen a 40% real-terms fall (taking into account the Sterling trade-weighted index and RPIX) in value from the peak based on LBG/HBOS data. It is disingenuous for bulls to have a go at this article while ignoring the fact that the GBP was worth $1.95 when the piece was written.


    ^^ What he said
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Nutrisse wrote: »
    Abuse Report Received [#342277]

    Call that abuse :rolleyes:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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