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House Price Crash Forum

Trough2010

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About Trough2010

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  1. You seem to be lonely out there. Does your family not give you sufficient recognition for being Super-Daddy? You won't find it here.
  2. Well, perhaps not all doomed, but you're right in hinting at the fact that house price increases should be backed by (real) productive wealth (which they're clearly not).
  3. Very impressed! I mentioned your rumour to my work colleagues today and guess what: They'll read it in the FT tomorrow! Thx - stay with us P.S.: What are your rumours on the U.K. housing market?
  4. Totally agree - very thorough. I think Part 2 of his series brings it to the point (refers to the psychological factors at play during the bubble years) http://www.economics.ox.ac.uk/members/andr...t2UKHousing.pdf
  5. Oswald seems to have tuned down a bit recently - his well publicised article on the housing crash of 2003/05 may have been a bit pre-mature, so I think the media may have let him down since then [N.B.: He was interviewd on prime time BBC Radio, so it must have been disappointing for the business editorial staff at the BBC when his predictions didn't materialise]. I re-visited his website today and boy is he right in certain aspects of the economy. Check out the article below - I think the description matches the raft of data we've been hearing lately. http://www2.warwick.ac.uk/fac/soc/econo
  6. Stick your cash into a high savings account (e.g. ING Direct) and relax. The days of the quick buck in the property market / stock market have gone for a while.
  7. The more information is available (in a timely fashion), the more efficient markets become (well, that's one theory at least). So more and better information could indeed accelerate a correction. The internet is definitely contributing to better information exchange - enabling more accurate and timely decision-making. Parts of the media (or the broader 'vested interests', c.f. firsttimebuyerhelp.co.uk) on the other hand could counteract any price falls temporarily by intensifying their 'propaganda'. You can talk up the market once, twice, three times, but if the market is still dropping, the
  8. I must confess I pulled out the 'Let' sign when that went up and I threw it away. It's similar to a 'Sold' sign - free advertising for the estate agent. I didn't feel guilty, because they didn't ask me if it would spoil my view from my basement flat window. Why should the world know that you've moved in?
  9. Hello, Many first time buyers are presumably too young to have experienced the last housing crash in the 1990s (including myself). I would be interested in hearing views / accounts / stories / anecdotes about how it feels when the housing market is collapsing. Perhaps those forum members who witnessed the last crash could share their experience. Thx
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