Wednesday, Mar 12, 2008
look at graph at bottom of page
BBC wales: weakening houseing market
look at the steep drop in houseprices on this graph..........
Posted by mark @ 03:40 PM (1106 views) Add Comment
10 Comments
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1. hpwatcher said...
I've seen that graph before, not sure it looks right to me.
2. Tubtruck said...
it still shows house prices going up so whats the big deal?
3. cornishman said...
The graph will need re-formatting soon with a negative y-axis. What's the betting we'll not be shown it like that in the press though?
4. mark said...
it shows a sharp drop in houseprice inflation, this is like scaring the commoners...doh ...lol
5. paul said...
just a quick request (and not very on-topic at all) - does anyone have a link to that very dry US cartoon of the homeowner wheelbarrowing dollars to their bank manager that appeared on the site a couple of days / week ago? The punchline was "We could use that wheelbarrow though ... "
I'd dearly like a link to it. Anyone?
(as you were ...)
6. 51ck-6-51x said...
The Big Picture: Saving the House!
http://bigpicture.typepad.com/comments/images/2008/03/03/stt080302gif.jpeg
7. 51ck-6-51x said...
copyright belongs to The Washington Post.
8. 51ck-6-51x said...
9. paul said...
Thank you thank you, 51ck-6-51x!
Sorry for that. It just holds special relevance today (just not in this thread!)
10. Duncan said...
I think the most important thing that the graph shows is that for the first time in almost ten years
it costs money to live in a house. You now pay more in interest than the house goes up.
A few years ago the great mystery was why Property Tycooons / Homeowners (and interchangable
term) actually bothered to go to work when they could have sat at home remortgaging and buying new
BMWs with the proceeds. I suppose it was just "pin money" to pay for the Champagne.
:- Duncan
p.s. One good thing to come out of falling prices is that builders will have to put a few more places on the market
In 1988 I lived opposite four new houses which the builder sat on for a year. ther was no point in selling them
when they were rising so fast.