Prices will fall by 50% in four years

homelessskilledworker

nollag2006 wrote: »

Just checking in to see if the 50% fall has happened yet?

The bloke made a prediction and got it badly wrong, do you really get such joy from rubbing his nose in it??

I have made endless estimates/predictions in my life along with just outright clumsy mistakes, my friends also have screwed up constantly, and the fact they are open about it makes me love them all the more for it.

Have you never screwed up?

sabretoothtigger

Its a case of careful what you wish for. I still think value drop more then price is possible, housing cost to buy relative to cost of living would drop if it were less subsidised

Thrugelmir

homelessskilledworker wrote: »

The bloke made a prediction and got it badly wrong, do you really get such joy from rubbing his nose in it??

Long term average increase in prices is now in serious decline though.

Seems a long time ago prices doubled in just 5 years.

chucknorris

Thrugelmir wrote: »

Long term average increase in prices is now in serious decline though.

Seems a long time ago prices doubled in just 5 years.

I don't think many people who bought a long time ago (say early to mid 90's for example) will be dissapointed in their long term growth, I'm certainly not. In fact any who did buy then would have watching the recession end waiting to buy (just like some here are now) and they would have been aware that another downward cycle would eventually come, as it will again after another upward cycle.

midnight_express

It's now four years later and it didn't happen.

sabretoothtigger

Time is relative

homelessskilledworker

I cannot help thinking that many of this boards more Bullish posters have decided that they are going to pick on one of the more outrageous/wrong bear predictions and then lump every other bear post in the same bracket, there seems to be a mentality of "The only good bear is a dead bear" going on:)

I read the bearish posts on here and it is clear that many of them differ in circumstance, when it comes to a property correction/crash some are blindly hoping, some are more certain, some need it(crash), some want it, some just know it. Some people it effects their lives, some it makes no difference(they just honestly debate), and some look to profit if the cycle changes, and some are probably quite nice people, and some not.

I would like to think that some of the more Bullish posters on here are also probably quite nice people on the whole, but the longer I post on here that theory is being sadly tested I am afraid:)

FTBFun

homelessskilledworker wrote: »

The bloke made a prediction and got it badly wrong, do you really get such joy from rubbing his nose in it??

I have made endless estimates/predictions in my life along with just outright clumsy mistakes, my friends also have screwed up constantly, and the fact they are open about it makes me love them all the more for it.

Have you never screwed up?

Although dredging up this thread is a bit pathetic, this particular poster hasn't learnt and is still pushing the same conclusion despite all the evidence against. I wouldn't mind so much if it was just here, but he's been on the sensible House Buying board a couple of times with his "advice".

Graham_Devon

FTBFun wrote: »

Although dredging up this thread is a bit pathetic, this particular poster hasn't learnt and is still pushing the same conclusion despite all the evidence against. I wouldn't mind so much if it was just here, but he's been on the sensible House Buying board a couple of times with his "advice".

When you complain about Hamish on the serious house buying board doing the opposite of Brit, I'll take you seriously.

FTBFun

Graham_Devon wrote: »

When you complain about Hamish on the serious house buying board doing the opposite of Brit, I'll take you seriously.

I don't believe I've ever seen Hamish say "you MUST buy now as prices will rise!", which is the opposite of brit.