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House Price Crash Forum

When Did You Predict A Crash/slowdown


Tonyb69

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HOLA441
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  • 1 year later...
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Doesn't matter when we predicted it. The important thing is that many of us noticed something seriously wrong in the market - I remember people buying in 1999 and selling in 2001 for huge profits. Mervyn King says he needed hindsight to see things were badly wrong - I say common sense was all he needed.

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  • 2 months later...
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All during summer 2006:

- when a friend of mine advised me to buy a property "because house prices can only go up"

- when a property agent told me that if I want to buy I should make an offer 15-20% above the estimated value and Northern Rock offers 125% mortgages and there is nothing wrong with them

Edited by Paul77
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