Friday, Jan 01, 2010
35% down and still falling
Cnn money: 3 reasons home prices are heading lower
anyone thinking the uk will escape a housing correction/crash are delusional,its a bit like the nasdaq hitting 5000 when they were already grossley overpriced....36-44 year olds staying with mum,ftbuyers disappeared from the market...the only thing keeping it up is people who think it will keep going up..i.e 'investors'...I think house prices could actually fall for 20 years like oil and gold from 1980 to 1999
Posted by taffee @ 09:46 AM (1120 views) Add Comment
11 Comments
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1. tenyearstogetmymoneyback said...
Hello Taffee
Could you check the link.
I'm getting a page about stocks, with no mention of house prices.
2. Cheekie Charlie said...
See Place in the Sun - home and away is on at 1155am. Keep the volume cranked up !!!
3. mark wadsworth said...
@ Tenyears, try this.
I don't think we can rule out house prices drifting downwards for twenty years, which means I'll stay renting all the while...
4. taffee said...
http://money.cnn.com/2009/12/31/real_estate/home_price_drop/
sorry bout that
5. Dbear said...
I think this is the link!
http://money.cnn.com/2009/12/31/real_estate/home_price_drop/
6. estrader said...
"and completed modifications are redefaulting at high rates."
This says it all and just confirms my suspicion/belief - ie/ You can't turn a sub-prime borrower into a prime borrower by lowering interest rates. There are those that can/know/understand what borrow and pay-back means and there is sub-prime.
7. hpwatcher said...
I don't think we can rule out house prices drifting downwards for twenty years, which means I'll stay renting all the while...
It's difficult to see what's going to keep them up. I can't see banks wanting to lend money on something that is getting less expensive.
8. techieman said...
I don't think we can rule out house prices drifting downwards for twenty years, which means I'll stay renting all the while...
MW if only right? I cant see Mrs MW not putting her foot down!!!
ES trader re your comment about public being wrong... i am going to post something dedicated to you and MG. Then i have a bit of a do to go to this afternoon.
9. markj69 str05 said...
Banks won't care too much about lending money on high risk investments (Houses), because there is no risk for the banks, only the public purse.
The momen gov't backed the banks (100% deposit protection, and £200B QE), the risks disolved away.
10. markj69 str05 said...
BTW - Happy New Year!
11. Themaskedtulip said...
This is about US house prices though and not UK ones.
As I have said before, if we had seen the 50% house prices declines that they have had in the US here in the UK most of us would have bought by now. Now this article is talking about a 10 or 11 percent fall in US house prices this year - we have not had that fall in UK houses prices.
Am becoming more convinced that some of us would be better suited to moving over to Florida or California in 2010, buying a house there and getting aboard the US jobs recovery.... just as the UK goes into melt-down.