Tuesday, Jun 02, 2009
Comedy Club having the last laugh?
Assetz: Double dip warning incorrect
Predictions of a double dip in the housing market, forecasting a second fall in prices following the current widely recognised stabilisation, are misinformed according to Assetz.
We have now had a market readjustment which is reaching an end according to the company which expects house prices to return to zero growth per annum by September 2009, and to rise thereafter.
Assetz believes: “The 'double dip' has already occured and it is very unlikely we will see another dip in the near future. The negative effects on house prices from poor buyer sentiment and the lack of mortgages, are now receding. House prices are very close to long term affordability, and interest rates are likely to remain low for the forseeable future.”
Posted by little professor @ 11:29 AM (1676 views) Add Comment
23 Comments
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1. little professor said...
Apropos of nothing:
2. little professor said...
Hey, I've gone back in time! I predict in about one hour debtfree will post a typo involving the word 'mercury'
3. debtfree said...
ha ha, excellent !
4. Fallingknife said...
Assetz have spoken. Sell !!!
5. debtfree said...
and drinking mecury is good for you.
6. debtfree said...
whoops "mercury"
7. paul said...
little professor has futuresight!
He's a witch. Burn him with fire!
8. paul said...
Doh.
9. Problem Pete said...
Oh my god, where do they get this stuff?
10. jack c said...
ROFL - "House prices are very close to long term affordability, and interest rates are likely to remain low for the forseeable future.”
You've got to hand it to Stuatz & co they are IMO the Kings of trying to talk up the residential property market
11. Hiphater said...
"House prices are very close to long term affordability"
I'd like to know how they define affordability.
12. jackas said...
It's like watching a child learning about fire.
13. doomwatch said...
Please can the web master embargo any more article links to AssetzHoles. They are total jokers. They could have been involved
at the WMD report "polishing" stage before Blair read it and most of Muhammed Saeed al-Sahaf's classics.
14. paul said...
I think that jackas will make some comment about 'a child learning about fire'.
15. jack c said...
I think confused76 will wade in with a huge MWUAAAAAAAAAAAUUU AUUUUUUUUUUUUUUU UUAUAHAHHHAHHHAHHAHHAHHAHAHHAHAHMWUAAAAAAAAAAAUUU AUUUUUUUUUUUUUUU
16. paul said...
The timestamps are all over the place with this one.
17. Jonny Parker said...
I take it the timestamps are fixed now as this discussion flow makes for crazy reading?
18. Hmm said...
http://www.cnbc.com/id/31063170
19. doomwatch said...
"I can say, and I am responsible for what I am saying, that they have
started to commit suicide under the walls of Baghdad. We
will encourage them to commit more suicides quickly."
20. 51ck-6-51x said...
21. mander said...
VL shape recovery. Comedy club will be taken to court for giving bad investment advice.
22. sold out said...
Stuart posted this on his blog on the 29th May, the day the Nationwide figures came out. it will all be over by september folks.LOL
"This morning we see the Nationwide announcing 1.2% house price rises in April. Unlike most commentators, we don't take individual pieces of data as evidence the world has changed but this is just yet another of a long stream of pieces of evidence that, when pieced together, give a near certainty that the market has turned and that house prices are just months away at the most from growing again. Interestingly, the annual data for Nationwide shows house price falls now at 11% over the last 12 months whereas in March it was 15% over the prior 12 months.
Even more interesting than that is their data for their last three months which smooths out the monthly imperfections which are the inconsistencies resulting from using small sample sizes.
House prices were only down 0.5% in the last quarter on the Nationwide mortgage approvals data. Annualised, that is a mere 2.01% fall. If you haven't understood our analysis previously, now can you see why around September is our projection of when house prices cease falling on a monthly basis across all of the indices? "
23. new user 2007 said...
Everything will affordable again because the economy will return to above long-term growth trends by the end of the year BUT ALSO interest rates will remain at zero AND toxic asset markets will all come back to life.
Sigh, Best case scenario analysis as ever.