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House Prices Fall For 3Rd Month In A Row!

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New figures show house prices fell for the third month in a row

The Halifax says the average cost of a home dropped by;

0.6% during June,

0.5% fall in May

0.1% in April.

This during the so-called crucial 'peak' house hunting months of summer!

http://news.sky.com/..._Month_In_A_Row

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The key for me is this

"Today's figures from the Halifax showing accelerating house price falls fits with our long-held position that we will see a second leg of the house price correction soon."

You can only correct something thats wrong, so they are saying that prices are too high and need to correct downwards.

Simple as that :lol:

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The key for me is this

"Today's figures from the Halifax showing accelerating house price falls fits with our long-held position that we will see a second leg of the house price correction soon."

You can only correct something thats wrong, so they are saying that prices are too high and need to correct downwards.

Simple as that :lol:

House prices are massively skewed @ the moment coz of the unprecedented LOW Turnover!

It's mainly wealthy boomers trading between each other at the moment!

Remember,

first time buyers market = O.000X% of the market

Young professionals <2% at a guess (and rapidly falling)

Which leaves boomers flogging them amongst themselves.

ADDitionally, the banks could be manipulating the prices too - as they buy up repos to keep the market from crashing with their 'shadow' companies!

If they pay the asking/top price for them (to take them off the market creating artificial shortages) this would explain why house prices haven't fallen at a faster rate!

Banks massively interfered with the market on the way up, now they are doing it on the way down - putting young people who want to buy now into massive 'debt' mortgages - whilst the banks keep thousands? of houses (hidden) on their books, trickling them back onto the market!

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House prices are massively skewed @ the moment coz of the unprecedented LOW Turnover!

It's mainly wealthy boomers trading between each other at the moment!

Remember,

first time buyers market = O.000X% of the market

Young professionals <2% at a guess (and rapidly falling)

Which leaves boomers flogging them amongst themselves.

ADDitionally, the banks could be manipulating the prices too - as they buy up repos to keep the market from crashing with their 'shadow' companies!

If they pay the asking/top price for them (to take them off the market creating artificial shortages) this would explain why house prices haven't fallen at a faster rate!

Banks massively interfered with the market on the way up, now they are doing it on the way down - putting young people who want to buy now into massive 'debt' mortgages - whilst the banks keep thousands? of houses (hidden) on their books, trickling them back onto the market!

67.34% of City banksters, lawyers etc. are generation X born 1965 onwards (25-45 year olds) .

Generation X are the new culprits for greed and avarice. Generation Y must wait 20 years and they will be blamed by the Playstation Generation.

Boomers are mostly retired by now.

Edited by Realistbear

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67.34% of City banksters, lawyers etc. are generation X born 1965 onwards (25-45 year olds) .

Generation X are the new culprits for greed and avarice. Generation Y must wait 20 years and they will be blamed by the Playstation Generation.

Boomers are mostly retired by now.

don't worry it's all ok. spot the excuses paragraph :rolleyes:

http://www.telegraph.co.uk/property/propertymarket/wordonthestreet/7881398/Property-market-dealing-with-a-double-dip.html

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don't worry it's all ok. spot the excuses paragraph :rolleyes:

http://www.telegraph...double-dip.html

85% Max mortgage lending (and they try & put you off with higher interest rates at that %)

Banks have already 'figured in' a 15% imminent drop. Getting the punters to risk even more of their hard saved cash up front - before the banks lose anything!

then this - turning off the taps

"Adams says. “The major risk is banks withdrawing credit – which they are. I hope this is only a temporary blip.

If banks stop lending because they’re afraid of price drops, . . . . . . .."

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67.34% of City banksters, lawyers etc. are generation X born 1965 onwards (25-45 year olds) .

Generation X are the new culprits for greed and avarice. Generation Y must wait 20 years and they will be blamed by the Playstation Generation.

Boomers are mostly retired by now.

I call Bullsh;t RB.

Gosh, where to start... So, it's only city bankers and Lawyers that are buying at the moment? Really? -And all Boomer's stop buying the moment they retire?

I'm sure you'll be able to back up your assertion with credible evidence that a very high percentage of current and completed buyers fall within this age range?

Given the average age of FTB's in the UK is 38, I find the implication that this age group is the major driving force of the current market extremely unlikely.

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  • 145 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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