Tuesday, Jul 22, 2008
Bearish article-
thisislondon.co.uk: House price growth falls to seven-year low as economy continues to slow down
that nevertheless claims that London prices rose in May.
Posted by rave @ 06:18 PM (432 views) Add Comment
3 Comments
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1. yorkshireman said...
House prices rose in May ? Values are about the present and the future and never about the past. If something is worth less today then it was yesterday, then its VALUE has gone DOWN. In our present market there is a widening disconnect ( oh no, I've gone American ) between Value and Price, which means prices will go down further and faster than values. In Yorkshire, we call a spade a spade. Thisislondon, please take note as you dig yourselves in deeper.
2. japanese uncle said...
The term 'house price growth' will be deleted from all British dictionaries at least for the next decade, quarter century possibly. Why can't they face the reality unfolding in front of their bloodshot eyes, which is none short of full-scale HOUSE PRICE CRASH.
3. it_is_going_with_a_bang said...
Sadly the phrase negative growth was once used by economists etc in the wider context of the economy, population growths etc. but then grasped by desperate people.
I don't really feel it was a phrase ever really intended to be used to describe a single depreciating asset. It is just playing with words out of the context of their original meaning and use.
You wouldn't start saying your car value had negative growth or indeed anything else you buy as an item.
It's just inflation or deflation. Worth more or worth less.
People like to use the word growth at all costs in the hope that it leaves the impression of something growing and growing and growing. ..... boom boom boom.
( pop ... )