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Charlie Don't Surf

Vi Bull(sht) Spin Of The Week

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Brought to you by the Times and Halifax:


Falling house prices ease in new recovery hope

Falls in house prices eased in June, offering fresh evidence that confidence is returning to the market, according to Halifax.

The VIs really do want their cake! Let me get this straight if an index shows prices going up that's clear cut - bottom of the market, up up and away we go.

If an index shows prices going down then a) if less than worst predictions, it's bullish or b ) if worse compare to any positive figures over the last 5 years.

Much will clearly depend on whether or not the economy can sustain its recent overall improvement


Edited by surfgatinho

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All you need to do is look at the newspaper headlines during the last crash. We have another 10 years of "green shoots" reporting to go. <_<

Perhaps when this lot announce "don't buy, its absolutely terrible!!" That might be the time to get in.

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House price "declines beginning to stabilise" is fine as far as I can see; presumably means it goes like this:

A 200k house in late 2007 fell 20% in 2008 to 160k

then by 15% in 2009 to 136k

then by 10% in 2010 to 122k

then by 5% in 2011 to 116k

then 3% etc so should be about 105k in 2020

or like this:

as above to 2009 then continued 10% declines ( ie completely stable declines) for another decade. Price of house in 2020 about 45k.

As I say, sounds like real green shoots to me!

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