Guest muttley Posted August 17, 2005 Share Posted August 17, 2005 http://www.singingpig.co.uk/discussion/forum/?f=41&m=61703 According to the Land Registry the average property price in England & Wales in:Q1 04 WAS £166,404 Q1 05 WAS £183,486 Therefore on average prices went up +10% or £17,082 (England & Wales) Q1 04 to Q1 05. Does any one think prices will ever fall below Q1 04 levels again ? I think as prices hold firm / stagnate in 2005. The possibility of a drop in 2006 to Q4 2003 levels increasingly heads to zero. Personally I can not envisage prices EVER falling below Q1 2004 levels. So the choice is to pay 2004 prices or rent for ever. (sorry Dr Bubb who STR Q4 2003). Now I am not an expert on spread betting. But is there any way I can make a substantial bet that house prices will never fall below Q1 2004 levels ? (e.g over the next 10 years etc). Serious question. Yes or no. Who seriously believes prices will fall back 10%+ ? STR,FTB,BTL wannabes. Pay Q1 2004 prices ( or more) or rent for ever. That is my rock solid belief. PG I have never berated a BTL landlord for trying to make a living.I believe BTL is a legitimate business and I admire anyone who has made money from property. However,I find PGs assertion that house prices will never fall back even 10% quite frankly,hilarious. Guru? Not!!! Quote Link to comment Share on other sites More sharing options...
Kam Posted August 17, 2005 Share Posted August 17, 2005 (edited) http://www.singingpig.co.uk/discussion/forum/?f=41&m=61703I have never berated a BTL landlord for trying to make a living.I believe BTL is a legitimate business and I admire anyone who has made money from property. However,I find PGs assertion that house prices will never fall back even 10% quite frankly,hilarious. Guru? Not!!! <{POST_SNAPBACK}> He'll be in for a shock soon I wouldn't worry about it Q2 2004 - Q2 2005 had only a 1.6% increase Q3 2004 - Q3 2005 is likely to be -ve Edited August 17, 2005 by Kam Quote Link to comment Share on other sites More sharing options...
Nomadd Posted August 17, 2005 Share Posted August 17, 2005 However,I find PGs assertion that house prices will never fall back even 10% quite frankly,hilarious.Guru? Not!!! He needs to come and have a look around North London. Plenty of stuff has already fallen by 10%, and still goes unsold... Nomadd Quote Link to comment Share on other sites More sharing options...
CrashIsUnderWay Posted August 17, 2005 Share Posted August 17, 2005 He's a grade a bonafide moron - i.e. an estate agent. Virtually EVERYONE has him on ignore over there, for obvious reasons (he just keeps cutting and pasting the same cr@p onto every thread, while the mod, fat ollie, looks on and ignores...). Wonder if he's seen the link to **************.co.uk yet?? Quote Link to comment Share on other sites More sharing options...
Antsy Posted August 17, 2005 Share Posted August 17, 2005 Quick, find a way for him to put all his cash into that spread bet. Then sit back and laugh... Quote Link to comment Share on other sites More sharing options...
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