Tuesday, May 13, 2008
Is There Still Hope For House Prices? NO
fools.co.uk: Is There Still Hope For House Prices?
I really don't understand how people like Laura Starkey at fool.co.uk manage to keep their jobs whilst posting such rubbish, I recommend everyone here posts comments on the fools.co.uk article website with the hope some preson sacks her and writes something a little more reflective of the current market.
very poor article shame on Laura
Posted by zippys @ 03:47 PM (312 views) Add Comment
3 Comments
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1. mark said...
this is rubbish
"According to statistics from the Government Actuary's Department, the number of 25-34 year olds in Britain looks set to rise over the next four years. Consequently, there should be more people wanting to purchase their first property."
According to preschool maths, we expect 21-24 year olds to be within the age range of 25-34 in about 4 years time.....
2. Papabear said...
The comments at the end of this article are completely different from ones after similar articles. They are all of the "yeah prices might fall a little bit but we have sound economic fundamentals, limited supply, lots of single people, blah blah" variety. All scared BTL speculators I reckon.
3. Ijjhall said...
According to the Halifax if the falls recorded Jan to Apr 08 - currently 4.2 per cent - continue at that same trend for the rest of the year we are heading for a 13 per cent drop in 2008 alone. That snippet - which when you think about it for one year is devastating - tended to get lost because people naturally focused instead on the 1% YOY drop that accompanied the last Halifax release. Of course it is reasonable to conclude that with the continuing drought in lending and linked media publicity about falling prices that trend could if anything increase beyond that 13 % figure. So according to an established source like the Halifax we are full on for a comfortable double digit correction this year alone. That fact, not conjecture, puts Earley's latest spin in its right context and just means she will have even more explaining to do after her infamous 'prices will at worst be flat in 2008' boast made at the end of 2007.