Thursday, Mar 12, 2009
Telegraph Scare Mongering Another 55% House Price Fall
The Market Oracle: Telegraph Runs with Improbable UK House Price Crash Forecast of Another 55%
The mainstream press as illustrated by The Telegraph has run with a house price forecast by Numis Securities (NS) that states that UK house prices could fall by a further whopping 55%, that is a rather incredible forecast to make in light of the of 22% fall to date.
Posted by nadeem walayat @ 09:35 AM (320 views) Add Comment
5 Comments
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1. Bubble Trouble said...
The forecast is not the incredible at all. It simply assumes that prices will overshoot to about the same degree as they did in the 1989-1997 crash. That is perfectly plausible. Indeed, I would suggest that it is likely to be worse this time.
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3. Bubble Trouble said...
It is not incredible at all. It seems perfectly reasonable that prices will overshoot by as much as the 1989-1997 crash. Indeed, I would say that this crash is likely to be worse than that crash - so the forecast is actually being very conservative.
4. sold 2 rent 1 said...
nadeem,
You haven't factored in $400 oil, so your wrong mate.
5. sold 2 rent 1 said...
The coming hyperinflation will be in food and energy and will detroy property prices into the ground