Sunday, Nov 25, 2007
Breaking News: the crash is here!!
Times: House prices in Britain tumble at fastest rate since 2005
"House prices fell this month at the fastest rate since July 2005 as the number of new buyers declined more swiftly even than the faltering supply of homes for sale." HAHHAH, Judith, what a prize i@iot!! She cannot avoid the "supply shortage" mantra. Game over folks!! there is no supply shortage there is DEMAND SHORTAGE now. "Prices are dropping in one in five postal districts, with the pain concentrated in areas such as Avon, Buckinghamshire..." She wants to make the point that poor areas feel the pain but... Bucks is the poshest shire. "but falls of as much as 0.5 per cent have been recorded in Central London" YEEEEEESSSS!!
Posted by confused76 @ 08:51 PM (537 views) Add Comment
3 Comments
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1. Quiet Guy said...
confused67, there seems be a lot of good news all of a sudden but in the wider picture these short terms ups and downs are meaningless.
Next thing we will see is a surge in confidence (dead cat bounce) before reality slowly drags prices down again.
It will years to unwind the huge debts that we have built up.
2. paul said...
As often happens in a declining market, this kind of counter-negative spin actually makes things much much worse. People who believe Ms Heywood will think that putting their property on the market now will do them quite well because there is "still a shortage". The shocking truth will put them right off kilter as they realise that maybe their property is not worth as much as people like Heywood were telling them a while ago.
3. Davros said...
We all know house prices can't fall, this is negative GROWTH. Houseprices are being supported by lack of supply supposedly, even though they're falling.