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Could U.k. House Prices Fall Again By Another 20%?


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#1 tio

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Posted 14 April 2012 - 09:09 AM

I couldn't find this link in a site search and I couldn't find a suitable thread title but still .. hpc pr0N

Could U.K. House Prices Fall Again By Another 20%?
Housing-Market / UK Housing Apr 13, 2012 - 09:15 AM
By: Andrew_Butter
http://www.marketora...ticle34103.html

#2 thecrashingisles

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Posted 14 April 2012 - 01:08 PM

One thing's for sure - if they fall 20% it won't stop there.

#3 KingBingo

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Posted 14 April 2012 - 01:17 PM

Again?

They are up on 2007/08 round my way.
The truth is that the economies of rich countries, including the UK, are being kept alive by another and astonishingly under-reported bull market in government debt. This is the bond bubble; and when it bursts, as it surely will, the result will be a recession far deeper than the crash from which we are trying to recover.

Allister Heath
17 September 2011

#4 Bruce Banner

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Posted 14 April 2012 - 01:47 PM

Again?

They are up on 2007/08 round my way.


That would be asking prices, yes?

.

 

 

 

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Conservative Party Manifesto 2010...... That was then, they now say that there is no housing bubble because prices are still below 2007 and are maintaining house price inflation with various taxpayer funded schemes........ The national debt has doubled again....... So much for manifestos.

 

One thing is clear. We can’t go on with the old model of an economy built on debt. Irresponsible public spending, an overblown banking sector, and unsustainable consumer borrowing on the back of a housing bubble were the features of an age of irresponsibility that left Britain badly exposed to the economic crisis. Now, with the national debt already doubled and in danger of doubling again, it is this debt – together with the jobs tax that Labour will introduce to help pay for it – that threatens to kill the recovery.

 

https://www.conserva...s/manifesto2010


#5 FedupTeddiBear

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Posted 14 April 2012 - 01:51 PM

That would be asking prices, yes?


If KB lives anywhere near me, (E. Berks/ Hants) it's also sold prices. :(

#6 winkie

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Posted 14 April 2012 - 02:06 PM

Again?

They are up on 2007/08 round my way.



...there will always be the 'special areas' the 'special houses', areas where people can afford to sit tight and still ask a large sum of money that would be worth moving for......always will be the money flushed buyers where money is no object who fall 'hook line and sinker'..... but becoming fewer and farther between. ;)
What you don't owe won't worry you.

Less can be more.

#7 Bruce Banner

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Posted 14 April 2012 - 02:09 PM

If KB lives anywhere near me, (E. Berks/ Hants) it's also sold prices. :(


How odd. I'm in Hants and prices are well down from the peak.

.

 

 

 

----------------------------------------------------------------------------------------------------------
Conservative Party Manifesto 2010...... That was then, they now say that there is no housing bubble because prices are still below 2007 and are maintaining house price inflation with various taxpayer funded schemes........ The national debt has doubled again....... So much for manifestos.

 

One thing is clear. We can’t go on with the old model of an economy built on debt. Irresponsible public spending, an overblown banking sector, and unsustainable consumer borrowing on the back of a housing bubble were the features of an age of irresponsibility that left Britain badly exposed to the economic crisis. Now, with the national debt already doubled and in danger of doubling again, it is this debt – together with the jobs tax that Labour will introduce to help pay for it – that threatens to kill the recovery.

 

https://www.conserva...s/manifesto2010


#8 Errol

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Posted 14 April 2012 - 02:12 PM

More like 30-40%.

#9 Bruce Banner

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Posted 14 April 2012 - 02:13 PM

More like 30-40%.


Agreed.

.

 

 

 

----------------------------------------------------------------------------------------------------------
Conservative Party Manifesto 2010...... That was then, they now say that there is no housing bubble because prices are still below 2007 and are maintaining house price inflation with various taxpayer funded schemes........ The national debt has doubled again....... So much for manifestos.

 

One thing is clear. We can’t go on with the old model of an economy built on debt. Irresponsible public spending, an overblown banking sector, and unsustainable consumer borrowing on the back of a housing bubble were the features of an age of irresponsibility that left Britain badly exposed to the economic crisis. Now, with the national debt already doubled and in danger of doubling again, it is this debt – together with the jobs tax that Labour will introduce to help pay for it – that threatens to kill the recovery.

 

https://www.conserva...s/manifesto2010


#10 winkie

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Posted 14 April 2012 - 02:18 PM

More like 30-40%.



Property will fall further, property falls with availability of funds, rising interest rates, high commodity costs and basic cost of living, low pay rises, higher unemployment and the ability of people to keep up with their rent payments.....all of that means rising house prices does not have much going for it, they will fall back down what the people can pay.....can't pay won't pay...simples. ;)
What you don't owe won't worry you.

Less can be more.

#11 bmf

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Posted 14 April 2012 - 02:28 PM

How odd. I'm in Hants and prices are well down from the peak.



Whenever people make these kind of statements either way they should provide data.

http://imgur.com/4KZgM

That's for all of Hampshire 1995 to Feb 2012. Slight dip in 2009 but then back up again to insane levels.

Tried uploading these files as jpg / gif / png all failed. Is there any image hosting site HPC forum trusts that we can use to dump graphs to?

#12 Bruce Banner

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Posted 14 April 2012 - 02:33 PM

Whenever people make these kind of statements either way they should provide data.

http://imgur.com/4KZgM

That's for all of Hampshire 1995 to Feb 2012. Slight dip in 2009 but then back up again to insane levels.

Tried uploading these files as jpg / gif / png all failed. Is there any image hosting site HPC forum trusts that we can use to dump graphs to?


I prefer to judge local prices on what they're actually doing, rather than looking at a graph!

.

 

 

 

----------------------------------------------------------------------------------------------------------
Conservative Party Manifesto 2010...... That was then, they now say that there is no housing bubble because prices are still below 2007 and are maintaining house price inflation with various taxpayer funded schemes........ The national debt has doubled again....... So much for manifestos.

 

One thing is clear. We can’t go on with the old model of an economy built on debt. Irresponsible public spending, an overblown banking sector, and unsustainable consumer borrowing on the back of a housing bubble were the features of an age of irresponsibility that left Britain badly exposed to the economic crisis. Now, with the national debt already doubled and in danger of doubling again, it is this debt – together with the jobs tax that Labour will introduce to help pay for it – that threatens to kill the recovery.

 

https://www.conserva...s/manifesto2010


#13 bmf

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Posted 14 April 2012 - 02:37 PM

I prefer to judge local prices on what they're actually doing, rather than looking at a graph!


But this is sales from the land registry. Admittedly some repos and other anomalies might not be captured but it's close, no?

Local prices don't confirm sales prices so something like rightmove is not as accurate.

Don't you like data Bruce?

#14 Bruce Banner

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Posted 14 April 2012 - 02:44 PM

Don't you like data Bruce?


Not when the data is manipulated in an attempt to convince me that what I'm seeing with my own eyes is not true!

.

 

 

 

----------------------------------------------------------------------------------------------------------
Conservative Party Manifesto 2010...... That was then, they now say that there is no housing bubble because prices are still below 2007 and are maintaining house price inflation with various taxpayer funded schemes........ The national debt has doubled again....... So much for manifestos.

 

One thing is clear. We can’t go on with the old model of an economy built on debt. Irresponsible public spending, an overblown banking sector, and unsustainable consumer borrowing on the back of a housing bubble were the features of an age of irresponsibility that left Britain badly exposed to the economic crisis. Now, with the national debt already doubled and in danger of doubling again, it is this debt – together with the jobs tax that Labour will introduce to help pay for it – that threatens to kill the recovery.

 

https://www.conserva...s/manifesto2010


#15 bmf

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Posted 14 April 2012 - 02:46 PM

Not when the data is manipulated in an attempt to convince me that what I'm seeing with my own eyes is not true!


Do you really not believe the land registry? I'm not trusting of much of what we see in the media but why is the land registry not giving a clear picture? For example in West Hull it shows a 30% drop since 2008.

Genuine question!




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