Tuesday, Jan 06, 2009
Morning Line: How long will the house price correction last?
Citywire: Morning Line: How long will the house price correction last?
While the latest numbers might grab a few headlines in truth they will come as little surprise, as most forced vendors over the past six months will attest to. In fact, in many parts of the country the real falls have surely been steeper, and it is arguably only some crafty ‘smoothing’ by the statisticians that has stopped the slide looking even worse.
All in all it is a spectacular reversal from the heady days of 2006 and 2007, enough to prompt a rather desperate-sounding Nationwide to remind us today that even though prices have now returned to their spring 2005 level, the average house value is still up £17,500 on five years ago.
Posted by gaztops @ 01:51 PM (250 views) Add Comment
2 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. Stevie Dee said...
Well, for the educated it will last for a long time. I had a Jewish Landlord in one of the residences I had last year. He uttered these immortal words to me "Arbeits Macht Frei"and also told me that he was rascist. I was astonished, this is the truth, non semitism, educated bloke. And for my taxes or sins as not being the chosen tribe or wako clique I was summarily robbed of £400. I could go to the small claims court, but do you know something, the landlord who gave me the incorrect agreement and his father who supported him, have the unenviable position of having to deal with a depreciating market, a currency system that is now losing merit. We have been distracted by a dual force of politics and False Judaism. The fundamentals in our midsts are both JUDAIC & ISLAMIC, SIMPLY SEND THE F**** HOME.
2. Kingwowns said...
Stevie - seems you're confusing odious personalities with a racial typing. Who can blame you? It's the simpletons tour de force to do so. I was spoken to rudely the other day by a man with a beard - it must mean that men with beards are all rude! Send all hirsute males to work camps for intensive "re-education" I say!! Really - come on - you owe yourself (and the rest of humanity) better than this sloppy thinking. All the best.