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Merged: House Price Slump May Last A Decade, Experts Warn.

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House price slump may last a decade, experts warn

Fears that any recovery in house prices will be short-lived were growing last night - following a series of devastating reports about the future of the property market.

In an unprecedented warning, four leading experts raised concerns that the housing market could be teetering on a knife-edge for the next decade.

They included accountants Pricewaterhouse Coopers, the Royal Institution of Chartered Surveyors, a leading economic consultancy and the Council of Mortgage Lenders.

Read more: http://www.dailymail.co.uk/news/article-1294196/House-price-slump-decade.html#ixzz0tWTfFka6

Why "fears"?!? :P

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

....this would mean the average house price, which was £162,000 at the end of last year, would drop to just £125,000 by the end of 2012.

LUVVERLY JUBBLY!!!!!!!! :P:P:P:P

Edited by eric pebble

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His analysis is based on 'real' house prices, that is the value of your home if the impact of inflation is ignored.

That's wrong surely? 'Real' house prices take inflation into account.

edit:spellign

Edited by bomberbrown

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:D:D:D

House price slump may last a decade, experts warn

Fears that any recovery in house prices will be short-lived were growing last night - following a series of devastating reports about the future of the property market.

In an unprecedented warning, four leading experts raised concerns that the housing market could be teetering on a knife-edge for the next decade.

They included accountants Pricewaterhouse Coopers, the Royal Institution of Chartered Surveyors, a leading economic consultancy and the Council of Mortgage Lenders.

Read more: http://www.dailymail.co.uk/news/article-1294196/House-price-slump-decade.html#ixzz0tWTfFka6

Why "fears"?!? :P

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

....this would mean the average house price, which was £162,000 at the end of last year, would drop to just £125,000 by the end of 2012.

LUVVERLY JUBBLY!!!!!!!! :P:P:P:P

Splendid, I'll take £125k thanks. Looks like it's going to be good RICS survey today :)

Edited by Pent Up

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Nice article--but did you catch the link in the story? Head of a primary schools gets 256k salary? Apparently hundreds of head teachers are getting in excess of 150k. IMO it is likely that a web of corruption is behind these extortionate levels of pay. Nepotism, kick backs, bribery..... We live in the most corrupt of times where even our schools are tainted by greed and theft of public funds. How on earth did we get here? Was it part and parcel of the Nulabour ethos and lie touch Brown's blind eye to corruption so long as it underpinned HPI? (How many BTLs could a head teacher buy on 256k a year?).

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A typically sloppy piece of tabloid journalism.Whilst I don't disagree with the general thrust ,what a previous poster picked up on about "real prices" is absolutely correct.

The implication is that a house that was for example £200k in 2007 and is £160k now will by 2020 return to £200k plus all the RPI indexing from 2007 to 2020.What I think they meant to say was that it would not return to £200k until 2020,which of course would imply a fall in real terms since 2007 0f perhaps 30-40%

I have consistently gone with 35% falls in REAL values from the peak.I thought a year ago that might have been a bit strong but this current situation just reconfirms that.I think that by this time next year we are going to be 25% off thepeak with four years inflation thrown in for good measure.

Edited by profitofdoom

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Nice article--but did you catch the link in the story? Head of a primary schools gets 256k salary? Apparently hundreds of head teachers are getting in excess of 150k. IMO it is likely that a web of corruption is behind these extortionate levels of pay. Nepotism, kick backs, bribery..... We live in the most corrupt of times where even our schools are tainted by greed and theft of public funds. How on earth did we get here? Was it part and parcel of the Nulabour ethos and lie touch Brown's blind eye to corruption so long as it underpinned HPI? (How many BTLs could a head teacher buy on 256k a year?).

Except that if one actually reads the article one soon realises that the £276k figure is total ballcocks sensationalist journalism.

For a start, it includes £45k of employer pension contributions - do you include these when you calculate your income...?

A further £60k related to work performed in the previous year!

The remaining £170k is still very high for a headmaster, and perhaps requires further analysis, but is certainly not the £276k quoted...

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:D:D:D

House price slump may last a decade, experts warn

Fears that any recovery in house prices will be short-lived were growing last night - following a series of devastating reports about the future of the property market.

In an unprecedented warning, four leading experts raised concerns that the housing market could be teetering on a knife-edge for the next decade.

They included accountants Pricewaterhouse Coopers, the Royal Institution of Chartered Surveyors, a leading economic consultancy and the Council of Mortgage Lenders.

Read more: http://www.dailymail.co.uk/news/article-1294196/House-price-slump-decade.html#ixzz0tWTfFka6

Why "fears"?!? :P

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

....this would mean the average house price, which was £162,000 at the end of last year, would drop to just £125,000 by the end of 2012.

LUVVERLY JUBBLY!!!!!!!! :P:P:P:P

Just off to start housepriceboom.co.uk to be ahead of the curve.

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Except that if one actually reads the article one soon realises that the £276k figure is total ballcocks sensationalist journalism.

For a start, it includes £45k of employer pension contributions - do you include these when you calculate your income...?

A further £60k related to work performed in the previous year!

The remaining £170k is still very high for a headmaster, and perhaps requires further analysis, but is certainly not the £276k quoted...

45k pension contribution !!! That's about double the median wage.

Seeing that is tax-free and gold-plated it makes his package worth more, not less.

You public-sector apologists don't have a clue.

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Except that if one actually reads the article one soon realises that the £276k figure is total ballcocks sensationalist journalism.

For a start, it includes £45k of employer pension contributions - do you include these when you calculate your income...?

A further £60k related to work performed in the previous year!

The remaining £170k is still very high for a headmaster, and perhaps requires further analysis, but is certainly not the £276k quoted...

170k? thats about a quarter of what the glorious private sector gave Fred Goodwin every year for the rest of his life.

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170k? thats about a quarter of what the glorious private sector gave Fred Goodwin every year for the rest of his life.

Err no the private sector would have given him fck all as the company is insolvent, the public sector gave him 170k+ when they bailed out the bank like muppets

Edited by Tamara De Lempicka

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Awesome! The world has gone mad with the Daily Wail printing bearish stories about housing

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Err no the private sector would have given him fck all as the company is insolvent, the public sector gave him 170k+ when they bailed out the bank like muppets

Wrong. His pension arrangements were part of his contract with a private ie not public company.

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Awesome! The world has gone mad with the Daily Wail printing bearish stories about housing

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The Daily Mail have very loyal readers, and they're going to touch some nerves. They risk losing readers to the Daily Express!

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Wrong. His pension arrangements were part of his contract with a private ie not public company.

Wrong, when the company fails you lose the pension and enter the govt pension protection scheme, had the govt not bailed them out he would not have got that pension because err the money wasn't there

Edited by Tamara De Lempicka

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A typically sloppy piece of tabloid journalism.Whilst I don't disagree with the general thrust ,what a previous poster picked up on about "real prices" is absolutely correct.

The implication is that a house that was for example £200k in 2007 and is £160k now will by 2020 return to £200k plus all the RPI indexing from 2007 to 2020.What I think they meant to say was that it would not return to £200k until 2020,which of course would imply a fall in real terms since 2007 0f perhaps 30-40%

I have consistently gone with 35% falls in REAL values from the peak.I thought a year ago that might have been a bit strong but this current situation just reconfirms that.I think that by this time next year we are going to be 25% off thepeak with four years inflation thrown in for good measure.

Your predictions sound quite reasonable and plausible. When you add in significantly lower interest rates these real falls are making a big difference in affordability.

In the most desirable areas of the country housing will still be out of reach for the average person.. but in your average area it seems housing would become semi-reasonable for an average couple.

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It's in the headline news today. Putting it down to more sellers than buyers + coalition austerity measures. No mention of a 'surprise' fall in house prices either. Comes from the latest RICS survey.

Also in the Radio 4 Today programme headline news is that self cert and fast track mortgages will be banned. And bank profits + bonuses are being considered for an extra tax.

Edited by Analysis

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The Daily Mail have very loyal readers, and they're going to touch some nerves. They risk losing readers to the Daily Express!

My outlaws have moved to the Express, they gave up on the sloppy journalism of the Mail. I shityou not

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Your predictions sound quite reasonable and plausible. When you add in significantly lower interest rates these real falls are making a big difference in affordability.

In the most desirable areas of the country housing will still be out of reach for the average person.. but in your average area it seems housing would become semi-reasonable for an average couple.

shame, but with serious inflation, the last thing the average person will be worried about will be buying a house.

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shame, but with serious inflation, the last thing the average person will be worried about will be buying a house.

And surely this inflation will come hand in hand with surging interest rates.

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The Daily Mail have very loyal readers, and they're going to touch some nerves. They risk losing readers to the Daily Express!

I was just wondering what the front page of the Express was looking like today...

Would they avoid this whole property/mortgage bear-food altogether today, or find some related statistic with a bullish spin?

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  • 149 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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