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Nominal House Price Bottom

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120-130K has always been my guess.

I'll go along with that. Give it 2-3 years and that's about where we'll end up, I suspect. Then again, until we've seen the effects of post-election spending cuts it's a pretty tricky guess, both in terms of price and timing.

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Shall just jingle my crystal balls!

£100k – have been spouting out that for the past four years so I'm sticking with it.

Hang on, I'm jingling again!

2-3 years away from hitting that level.

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What's 3.5 times the average income of £25,000?

Ok, I'll take £87,500.

Close, but no banana. 3.5x average wage, plus 10% deposit gives....

£96,250

BUT... 60% off peak gives: £186,044 *0.4 = £74,416

So I'm gonig for £74,500 to allow for a little overshoot. Once house prices have dropped back to 40% of their peak price, I don't think there will be any solvent bulls left.

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Close, but no banana. 3.5x average wage, plus 10% deposit gives....

So I'm gonig for £74,500 to allow for a little overshoot.

Deposits? What deposits? Have you any idea how much personal debt the next generation of first-time buyers have?

I think that inflation will cancel-out any overshoot.

So I'm sticking with £87,500.

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£113,950.

31st January 2011, 9.07 in the morning.

Edit, got the wrong year.

I'll go for Feb 1st, £115k.

Edited by Hara

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I am miles away seemingly from many of the predictions here..... of course I may well be wrong, but if not then theres going to be much snarling and gnashing of teeth from thise who wanted a bigger crash... I seriously do think that we may end up with a japan situation where they don't fall enough in the crash resulting in a weak market for ages... that'll be bad bad news for just about everyone... for the next ten years you'll know your house is going to lose a little or gain a little but in the round probably not keep pace with inflation...... that in my view would create the most misery for all parties.

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