Prices will fall by 50% in four years

nollag2006

Only 5 weeks now until we can test the accuracy of another one of brit's fantastic predictions.

sabretoothtigger

Here you go, turns out Brit wins. :bdaycake: The end.

AndyGuil

This market is really unhealthy. Worrying that it looks like it has got a lot further to go.

the_root_of_all_evil

max keiser - the real view, watch and learn

http://www.youtube.com/watch?v=2JhHvSblNk0

jimsmillions

This has many implications for me dependant on how it goes. Both scenarios work for me big crash or no big crash. Bought our house in 2000 for 42k with shared ownership total price was 57k. The valu now is roughly 125k so will survive a crash of 50%. Massive house crash means a great time to buy out the quarter of my home I don't own. Gives me the opportunity to move house again as I might actually get a new mortgage.

I am also supposed to inherit a house of similar value however there is a likely to be will contest. Interesting as the estate value is roughly 250k comprised of 125k cash and 125k house. The 125k cash is divided between 3 regardless of the outcome of any contest. However the house is left to me. Currently I want the house. In a situation where I loose a will contest a 50% crash does me the wonder of good in then buying it cheaply and may even make the will contest not worth fighting due to the decreasing value of the estate.

The only bad situation I see for myself is, No will contest and I get the house that then halves in value. Not the best situation as nothing is owed on it. Will rent it anyway so play the long game.

Thanks for the speculation

nollag2006

Wow !!

This really has brought out all the headbangers.

Are you all really sure that house prices will fall 50% from peak by June 9th 2012?

As the poster above says, thanks for the speculation

Thrugelmir

Are you all really sure that house prices will fall 50% from peak by June 9th 2012?

Death by a thousand cuts. So a long slow one............

FTBFun

I miss the threads which had a big yellow warning triangle. Where is Asheron when you need him?

chucky

Thrugelmir wrote: »

Death by a thousand cuts. So a long slow one............

Do you always reply to posts with random statements that have nothing to do with what the poster said. How strange.

Graham_Devon

It won't be 50% by the timeframe given.

But seriously, nothing has happened in the timeframes given, so I don't know why theres quite so much excitement that someone on a forum posted an article that was wrong.

To be honest, to any sane person, who can see this particular crisis has had every single economist completely wrong, looking at the responses on these threads doesn't make the OP look silly. It looks, to any outsider, including myself, that some very bitter individuals have grabbed hold of something and will do anything they can to discredit someone....and this works, as they don't have anything else.

None of those mocking the OP got it right either. So I don't see why they insist on throwing stones.

According to economists, the whole recession was supposed to be sorted now for pities sake. It's not as if no ones been caught out.