Prices will fall by 50% in four years

MrRee_2

My local estate agent have just stuck a sticker over every single property in their window ...... the sticker says, in big red letters - 50% OFF ALL PROPERTIES!!

Ha Ha Ha Ha Ha ..... all those people who have put their lives on hold for 4 - 5 years, waiting, waiting, hoping, wishing ..... yet all that time buying someone else's property for them in their rent!!

Do I feel sorry for them? NO! They were hoping to profit from others loss of a home - disgusting.

So, I suppose brit1234 really is now twit1234?

heathcote123

Oh !!!!!! I forgot to sell my properties today. Is it tommorow they go down by 50%?

The_J

To be fair, prices haven't exactly changed much in the last 4-5 years.

The smart money will have been saving up a deposit and looking to secure themselves a cheap 5 year fix in the future.

nollag2006

Oooh !! Where is brit when you need him !??!

moneyinmypocket

Hey brit1234 it's your birthday we gonna party like its your birthday, you will find me down the EA 50% off yeah yeah pump it up, wave your hands in the air if you dare

sabretoothtigger

Have prices stayed level ?

If we adjust it to include currency exchange rate falls, its been about a 15% drop in value (but not price)

nollag2006

sabretoothtigger wrote: »

Have prices stayed level ?

If we adjust it to include currency exchange rate falls, its been about a 15% drop in value (but not price)

Your data (and arguments) are stale.

If we adjust it to include currency exchange rate rises over the past 12 months, its been about a 10% rise in value.

Aberdeenangarse

nollag2006 wrote: »

Your data (and arguments) are stale.

If we adjust prices to your IQ house prices probably have dropped by 50%

System

Aberdeenangarse wrote: »

If we adjust prices to your IQ house prices probably have dropped by 50%

So his IQ has increased 50% in 4 years?

sabretoothtigger

nollag2006 wrote: »

Your data (and arguments) are stale.

If we adjust it to include currency exchange rate rises over the past 12 months, its been about a 10% rise in value.

The sterling index is 83 or so as of Friday. If we say 95 as of thread start, thats 83/95 or about 12.7% drop

Not nearly 50% and people can always argue it doesnt matter as everything I spend money on has gone down in price or whatever (ie. prices for assets and costs are level)


It doesnt take much to tip the scales from the previous scenario where houses were rising in value faster then the wages people earnt.
But also if you live and use your house every day a hopefully temporary drop of 12% is hardly devastating either, to a bank it stings more then a little because it makes them look insecure and insolvent if they gambled too much.