Tuesday, Jun 24, 2008
... and if even the Times says that, you better believe it
Times: Sell sooner rather than later!
"Capital Economics is a notable bear, however, and has been proved wrong in the past. Even normally bullish commentators still recommend acting sooner rather than later, though. Martin Gahbauer, senior economist at Nationwide said: “There is a tremendous amount of uncertainty at the moment. If you are already thinking of downsizing it would be better to do it sooner rather than later.”
Posted by confused76 @ 03:51 PM (539 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. inbreda said...
"Capital Economics is a notable bear, however, and has been proved wrong in the past."
Only in terms of timing so far.
David Smith is still waiting for $40 per barrel oil.
Now that's wrong!
2. japanese uncle said...
Capital Economics was almost right, but just could not predict such lunatic IR cutting by the BoE in 2005 at such crucial timing for the course of the already far inflated housing bubble. If the BoE had not made such utterly unreasonable/unpredictable decision with most probably vicious intention, CE would well have been hailed by now as the greatest economic prophet on earth.
3. Just Interested said...
don't forget..
In the late 80's, early 90's when properties crashed wage inflation was a lot higher therefore property prices came down a lot further in real terms.
This time will be different, wage inflation is a lot lower. So either prices will fall by a greater extent over a shorter time or for a lesser amount over a longer time.
Don't expect this crash to end any time soon..