Prices will fall by 50% in four years

malkie76

I completely agree with your point, but I'd rather hope that sensible patrons wouldn't take advice from an internet message board without also consulting a professional in the field.

chucky

malkie76 wrote: »

I completely agree with your point, but I'd rather hope that sensible patrons wouldn't take advice from an internet message board without also consulting a professional in the field.

you're right young malcolm, these were the people that agreed with the delirious Brit and have hoped for these 50% price falls that have never or will materialise.

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there were 22 in all, all discredited and foolish in their own little way.

Mr._Pricklepants

Hi chucky, nice to meet you.

Heard a lot about you, you have made quite an impression on that Devon bloke, he keeps seeing your ghost all over the forum.

chucknorris

chucky wrote: »

you're right young malcolm, these were the people that agreed with the delirious Brit and have hoped for these 50% price falls that have never or will materialise.

there were 22 in all, all discredited and foolish in their own little way.

Some even thanked as late as 2012! Welcome back chucky

Darthvader

nollag2006 wrote: »

So are you still holding out for 50% falls in the four years from June 9 2008 brit?

How are prices in your own local hood of Chelsea doing?

Are they up or down by 50%???

Down around 20-30% so far in real terms. Will be at least 50% real fall by the time the bear market in property is over.

nollag2006

Darthvader wrote: »

Down around 20-30% so far in real terms. Will be at least 50% real fall by the time the bear market in property is over.

Not round brit's way they're not.

Up 50% since the crash ended in early 2009

[IMG]http://www1.landregistry.gov.uk/Apps2/house-prices/house-price-index-custom-reports/hpi_report.asp?g=1&gt=1&a=Kensington+And+Chelsea&s=01 January 2009&e=01 February 2012&t=1[/IMG]


Crash ended in early 2009.

Build a bridge - get over it!

nollag2006

Poor old brit !!

Are you still holding out for 50% by June 9th??

N1AK

Obviously Brits prediction is wrong. We haven't seen 50% drops. However as Darth points out in real terms house prices have dropped around half as far as he predicted. If anyone had been bold enough to state house prices would be as high in real terms by now then they would have been just as far out. Anyone expecting us to see house prices up by now would be even further off the mark.

IveSeenTheLight

N1AK wrote: »

Obviously Brits prediction is wrong. We haven't seen 50% drops. However as Darth points out in real terms house prices have dropped around half as far as he predicted. If anyone had been bold enough to state house prices would be as high in real terms by now then they would have been just as far out. Anyone expecting us to see house prices up by now would be even further off the mark.

The whole real term house price debate is irrelevant.

Nobody buys a "real" house price. the buy at the nominal value.

You can only attribute "real" value on an assett, which of course is not an assett until you have bought.

The other failure is that they are comparing against general inflation rather than against wage inflation.
You don't buy property with a basket of goods or the difference in petrol price, you buy with the cash you have available supplimented with credit for the remainder of the balance.

the_root_of_all_evil

excluding some areas in the south, property is coming down slowly and will return to 2004 levels.

we are experiencing the summer bounce atm, lets see whats happening this winter or even next.

4 years is not along time in property terms so dont gloat to early!