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Bookerman

Interesting Quotes From Someone...

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I'm a newby on here, I have been looking in for a while but now decided to sign up.

Anyway I found this article online and found the last 3 paragraphs especially interesting. This guy was one of the few to pridict the last house price crash.It was posted in September 2003, maybe he is just about to be proved right again.

Telegraph

What do those who were right last time think about the prospects for the housing market now? The Spicers Consulting Group was subsumed into Deloitte Touche in 1990 and no longer exists as a separate entity. But Prof Pepper, now in semi-retirement and a non-executive director with Lombard Street Research, is still watching the market with interest.

"The housing market will end in tears, but not yet," he says. "Financial bubbles are caused by people borrowing to purchase assets. While the money supply is rising, prices will keep rising. At the moment the money supply is still growing rapidly.

"We've already had one danger sign: a fall in the turnover of property. But the sign I will really be looking out for is a drop in mortgage lending. At that point the market will be in trouble."

Edited by Bookerman

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I'm a newby on here, I have been looking in for a while but now decided to sign up.

Anyway I found this article online and found the last 3 paragraphs especially interesting. This guy was one of the few to pridict the last house price crash.It was posted in September 2003, maybe he is just about to be proved right again.

(Not sure if the link will work, but you can copy and paste)

www.telegraph.co.uk/property/main.jhtml?xml=/property/2003/09/17/prosy17.xml

I won't trust the figures until it is 3 months of consequtive falls (otherwise it is pretty wobbly predictive) bout have we not seen that point just past?

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  • 301 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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