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Debate House Prices
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Prices will fall by 50% in four years
Comments
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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 acceptance of the data in the graph by people that have a different viewpoint is the biggest problem.0 -
Still being under peak in 5 years time?
Surprised chucky and hamish are happy about that thought.0 -
Cannon_Fodder wrote: »Still being under peak in 5 years time?
Surprised chucky and hamish are happy about that thought.0 -
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.0 -
Cannon_Fodder wrote: »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.
unless you have £500k spare - you won't get anywhere nearer getting involved with Tradition to trade against these derivatives.Cannon_Fodder wrote: »After some area's recovery of recent date, we should be passed peak in the summer, according to some.
just because people have realistic opinions it doesn't make them a bull.0 -
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.0 -
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”0 -
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 argumentWe'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 said0 -
'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 Thatcher0
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