Prices will fall by 50% in four years

crash123

nollag2006 wrote: »

Ah yes - the end of history - this time it's different?

Haven't we heard that somewhere before?

Yes we have. Property gold etc its all different this time and every other time we have been in a cycle. Except this time there is more debt.

ess0two

crash123 wrote: »

I like that.
I read an article the other day that said it could take between 5 and 35 years to sort this mess out. You could be right.

Can Brit possibly hang on that long................:rotfl:

Thrugelmir

sabretoothtigger wrote: »

The UK is going to grow its exports to Asia or it wont grow at all as you point out we are in the west are done spending new money

Asia doesn't need the West. They have a trading bloc of their own.

sabretoothtigger

True which is why we'd need to supply something they dont have. Food is a major one, East Asia just doesnt have as much available land as we and the USA does

Presuming they start eating more meat it means more demand for products we could supply.
Theres other possibilities also but current tactics are still inward facing. Its all about supporting our housing market now; which is nothing to do with productive exports so we are spinning our wheels.
Value and worth of the country will decline till we face east

Thrugelmir

sabretoothtigger wrote: »

True which is why we'd need to supply something they dont have. Food is a major one,

The UK has not produced sufficient food for decades and is a net importer. Without the conveys from the USA during WW2 the UK would have been in serious trouble.

thorsoak

brit1234 wrote: »

You will see over the next few months that 50% falls in house prices will increasingly spoken of as reality sets in. Inflation is rising and the days of low interest rates are over. That means traditional lending again which will bring prices back to normal.

:j

Posted in June 2008. It's funny - but I'm not seeing the 50% drop in house prices (above) showing on any of the property websites .....if this is correct, then a catastrophic landslide will occur within the next twelve weeks ....or again - more froth & bubble??

exil

" inflation is rising fast ". That doesn't suggest to me house prices are going to fall 50%. And quite frankly, if they do, then my offspring may actually be able to afford to buy a house, which sounds like a good thing to me.

nollag2006

Interesting that brit has suddenly gone very silent on this thread.

I wonder why?

sabretoothtigger

thorsoak wrote: »

Posted in June 2008.

If Brit posted that June 2008 it shows he had some foresight but did not anticipate lower rates and the inflation we have

Also sterling has fallen 20% so that percentage should be added onto any fall from peak to trough

Thrugelmir wrote: »

The UK has not produced sufficient food for decades and is a net importer. Without the conveys from the USA during WW2 the UK would have been in serious trouble.

The UK is a net importer of almost anything it can be, obviously the emphasis needs to change. Hopefully we are more capable then the 1940's and less distracted

Blacklight

brit123 lol