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Moneyfacts House Price Survey

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Do you think house prices will fall significantly over the next few years?

http://www.moneyfacts.co.uk/menus/main/menu_mortgages.htm

79% say no, 21% say yes

Think we still have some way to go to spread the message!!

Ive recently been told that

"house prices will fall significantly, but they wont crash"

When your up agaisnt that its no wonder polls reflect thier stupidity.

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People noramlly are optimistic

it will only be when experience is pointing to reality that they will become more pessimistic.

i wonder what % would have expected price falls in aug 2004?

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Lets compare the housing market to natural events.

------------------------------------------------------------------

People didnt see the Tsunami coming but experts told them it would but just couldnt say when.

Guess what - it happened.

Just because people do not believe does not mean it will not happen.

Exactly the same happens with volcanos. Experts tell people they are still live and will blow in the next 50 years given some plate movement. They still build their house at the base of the volcano.

Moral: You can tell people facts til your blue in the face. people do not wake up til the nightmare turns real. Even afterwards though it will be quickly forgotten!

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A mate of mine asked me how my house hunting was going.

I told him I was waiting to see what happens, but I didn't elaborate further.

He said "Oh, but they don't go down!".

This is the second time. I don't know why my friends have started to lie to me. felt like saying "They do. Irrespective of what you think about 2005, look at the f***ing graphs... Here's the history."

:rolleyes:

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A mate of mine asked me how my house hunting was going.

I told him I was waiting to see what happens, but I didn't elaborate further.

He said "Oh, but they don't go down!".

This is the second time. I don't know why my friends have started to lie to me.  felt like saying "They do. Irrespective of what you think about 2005, look at the f***ing graphs... Here's the history."

:rolleyes:

Yep I get the same sort of thing from my mates. Coupled with the comments "The goverment won't let it happen"

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Do you think house prices will fall significantly over the next few years?

http://www.moneyfacts.co.uk/menus/main/menu_mortgages.htm

79% say no, 21% say yes

Think we still have some way to go to spread the message!!

Majority of people see no possibility of HPC.

Latest industry research proves that property ownership is bad for the eyesight. :lol:

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This is because people tend to draw there opinions about the near future from recent past experience.

Most people are completely unaware that we are heading into a severe recession and think that the economy is doing well because it has done well in the recent past.

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People noramlly are optimistic

it will only be when experience is pointing to reality that they will become more pessimistic.

i  wonder what % would have expected price falls in aug 2004?

No, people are normally stupid. And greedy. That's why 79% of them vote for no crash - they currently think they are minted, due to them actually owning a house. Of course, we know that all they 'own' is debt.

Nomadd

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People noramlly are optimistic

it will only be when experience is pointing to reality that they will become more pessimistic.

i  wonder what % would have expected price falls in aug 2004?

Are people really optimistic and can we be that broad brush about the entire population? I tend to think people-including many economists, bankers et al-simply assume that things will continue in the way they have in recent months or years (be it up or down) but I suppose everyone is different potentially.

S.

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If everyone thought that there would be an end to a boom there would never have been a boom..

don't forget there are booms in many markets where experts say there will never be a bust..

and there never has been a boom without a bust.

so I am not suprised that most say there won't be a bust..

if they all did we would be in the full bust.

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if you delete your cookies you can vote as many times as you like!!

If you use Firefox the quickest way to submit multiple votes is:

* Load the page.

* Click Yes (you weren't going to click No, were you?).

* Click Tools from the Firefox menu.

* Click Options.

* Click Clear (cookies).

* Click OK.

* Reload the page and have another go.

Hint: to speed this up even further do this:

* Type ALT-T, followed by O. (Ie to get Tools, Options).

* Click the Clear (cookies) bit -- you must use your mouse.

* Type CTRL-R to reload the page.

* Click Yes.

* Back to the start of this list, and do it again!

I must have done this around 30 or 40 times and got it from 23% to 25%. You get into a rhythm after a while. Remember it's ALT-T (CTRL-T opens a new tab, and you don't want to do that :).

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I must have done this around 30 or 40 times and got it from 23% to 25%. You get into a rhythm after a while. Remember it's ALT-T (CTRL-T opens a new tab, and you don't want to do that :).

You are joking, right?

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Good point. But fixing the survey proves how worthless they are. And if it makes one more person think again, then it does have a point.

I'm not doing this because I'm a sad, empty git (or am I...?). Just as something to do as I sit here, listening to the radio.

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Good point. But fixing the survey proves how worthless they are. And if it makes one more person think again, then it does have a point.

I'm not doing this because I'm a sad, empty git (or am I...?). Just as something to do as I sit here, listening to the radio.

Yep, it might change someone's opinion I guess, which would be a good thing. I am a bit bored of being virtually the only person I know (HPC.co.uk not included obviously)who thinks house prices might drop significantly.

S.

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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