Friday, Dec 28, 2007
Happy New Year free thinking bloggers
BBC: House prices in 2008 - up or down?
"The long overdue housing market correction now appears to be underway"
Lets just hope the 10 year Ponzi property trick won't leave us all jobless.
Posted by doomwatch @ 10:29 AM (477 views) Add Comment
4 Comments
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1. Smurf said...
Just a year ago, in Dec 2006, there were geniuses predicting a 10% RISE in the US real estate market
http://econvideo.blogspot.com/2007/11/2007-housing-prediction-from-dec-2006.html
so with RICS is saying that prices will be stable in 2008 in the UK I wish we could have them on tape like these US "experts" and ask them a year later about their golden predicitons.
2. Smurf said...
Check these predictions from 2006 from "experts" on the US housing market (predicted a 10% RISE in 2007)
http://econvideo.blogspot.com/2007/11/2007-housing-prediction-from-dec-2006.html
then compare with reality a year later. Let's see how RICS prediction for stable market looks in Dec 2008.
3. Abbo40 said...
Excellent video - I look forward to hearing their opinions of what will happen this year!
4. it_is_going_with_a_bang said...
"On the whole they think that prices will be flat, or may rise slightly over the next 12 months."
Nothing quite like trying hard to 'make' people believe, believe, believe....
"the housing market should be provided with a stable platform," said the Rics chief economist Simon Rubinsohn."
Interest rates providing a stable platform. Thats hilarious. Would he be referring to the very same 'stable' interest rates of the last 10 years.
Because that has not let get things out of control has it .....