Sunday, Feb 21, 2010
Updated look at earlier predictions
City Wire: H P Predictions for 2010
Still a mixed bag from the "experts".
Posted by chrisch @ 10:29 AM (759 views) Add Comment
7 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. taffee said...
noted the 3rd comments that houseprices don't fall(readers comments)......where was he in 1990-1995?
I worked in an area where we couldn't sell 2 bed flats for £20,000 and that was within the m25!
2. jack c said...
From the citywire comments section - "Edwin White - a regular 3 or 4 bedroom house of any type with a garden and garage, within easy distance of work,shopping and entertainment will always be in demand and increase in value"
Yet another person who is of the opinion that house prices always go up
3. fallingbuzzard said...
@1, the media has very short memory since most people working it don't remember the 90s recession. they were at university or school.
4. markj69 str05 said...
@3. And most people can't remember the early depression or WWII, becuse they weren't alive. Funny how history seems to repeat itself!
Regarding the article, nothing new really. And the comments indicate a varied spread of responses (As one would expect considering the varied reporting on the subject). Personally, when there is such an influencial factor as GenElec' just around the corner, I think it nonesense trying to predict outcome (Dispite having expressed my own views on a number of occassions). Too many variables, and too many 'unknown' influencing factors too. IR, inflation, QE, Iran, climate change, NWO, new gov't, etc...
5. techieman said...
Jack C : Edwin White aka Fergus Wilson?
6. phdinbubbles said...
"I am not expecting a double dip, the latest retail sales were bad because of bad weather and VAT, but John Lewis is reporting reasonable growth."
Double dip cancelled due to a good set of figure from John Lewis.
"!972 cost £5500 ----- 2010 sold £249,000. Nuff sed"
Good job the price of everything else has remained the same since 1972, so you get a lot more for your house.
"It seems in west London that prices have not gone done much and nothing like as much as in the early 1990's, flats as always have gone down[ not the grand ones though], and if anything house prices in the expensive areas have stayed the same."
My house won't go down in value, it only happens to other peoples houses.
"dont listen to the doom mungers"
Mung mung mung.
7. mander said...
Andrew Sentance expects UK house prices to bounce back like they did in the 1980s, avoiding a 1990s-style meltdown. The housing market over the next few years will be supported by a shortage of supply.
I would not expect a member to speak in favour of bounce back of house prices to bubble levels.
I think the potential buyers got smarter about "hurry hurry on the property ladder because there is a property shortage" type of messages and they do no longer see the house as an investment.
And Andrew, the rest of the world said no more housing bubble and I think we are alone now with regards to this issue. We will have to work hard to diversify our economy.