'Bart' Posted September 14, 2010 Share Posted September 14, 2010 Lots of bear news about at the moment, are the general public being "prepared" for falls? Quote Link to comment Share on other sites More sharing options...
leicestersq Posted September 14, 2010 Share Posted September 14, 2010 http://www.mirror.co.uk/news/city-news/2010/09/14/huge-fears-on-house-prices-115875-22560300/ I saw this in the Daily Mirror this morning. You can't quite get the doom-laden bleakness evoked by the piece (from the "homeowners" viewpoint only, of course - no notion of the more rational 'good news for starving bread buyers as bread prices drop' angle) as it was laid out in the physical paper, but the headline speaks for itself. The Daily Mirror really is mainstream. I felt quite coy about reading it in public. Huge Hopes for House Prices. Just a correction there for the mirror. Quote Link to comment Share on other sites More sharing options...
Caveat Mortgagor Posted September 14, 2010 Share Posted September 14, 2010 http://www.mirror.co.uk/news/city-news/2010/09/14/huge-fears-on-house-prices-115875-22560300/ I saw this in the Daily Mirror this morning. You can't quite get the doom-laden bleakness evoked by the piece (from the "homeowners" viewpoint only, of course - no notion of the more rational 'good news for starving bread buyers as bread prices drop' angle) as it was laid out in the physical paper, but the headline speaks for itself. The Daily Mirror really is mainstream. I felt quite coy about reading it in public. I went to a caff for breakfast this morning and it was a choice of Mirror or Mail. I was glad i chose mirror when i saw this piece in a prime rag for the hard-of-thinking masses! Quote Link to comment Share on other sites More sharing options...
Smog Posted September 14, 2010 Share Posted September 14, 2010 I went to a caff for breakfast this morning and it was a choice of Mirror or Mail. I was glad i chose mirror when i saw this piece in a prime rag for the hard-of-thinking masses! ....as opposed to the Daily Mail, for the hard-of-tolerance masses. Quote Link to comment Share on other sites More sharing options...
sbn Posted September 14, 2010 Share Posted September 14, 2010 ...or the Star, for the hard-nut masses. or the Express for the Hard of Seeing-your-hand-in-front-of-your-face masses Quote Link to comment Share on other sites More sharing options...
sbn Posted September 14, 2010 Share Posted September 14, 2010 (edited) or the Express for the Hard of Seeing-your-hand-in-front-of-your-face masses Or the Sport for the Hard of **** masses Edited September 14, 2010 by sbn Quote Link to comment Share on other sites More sharing options...
Badger Posted September 14, 2010 Share Posted September 14, 2010 I went to a caff for breakfast this morning and it was a choice of Mirror or Mail. I was glad i chose mirror when i saw this piece in a prime rag for the hard-of-thinking masses! I hope you left it in there with that story facing sunny side up Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 14, 2010 Share Posted September 14, 2010 I think people are also waking up to the coming public sector job cuts - the meeja has been laying it on heavy almost daily since September 1st. Quote Link to comment Share on other sites More sharing options...
neil324 Posted September 14, 2010 Share Posted September 14, 2010 This winter is going to fun. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted September 14, 2010 Share Posted September 14, 2010 Something like this was in the FT the other day. Really they mean equity. It seems like end game now as mortgages hit a price floor and fixes are very short (also additional capital requirements going forward ) and the BOE turns up each month and keeps the rate held. Ocassionaly dishes out a forecast but with the public spending cuts coming over the next few years they will have to be ultra loose. In addition new mortgages on variable rates (with giant spreads) would just be unaffordable if rates went up. Was the demand ever there? Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted September 14, 2010 Share Posted September 14, 2010 I suppose in the mainstream DM and SUN world, this is a good signal that we are in the Fear Phase re. the HPC? What's up next? Quote Link to comment Share on other sites More sharing options...
GordonBrownSpentMyFuture Posted September 14, 2010 Share Posted September 14, 2010 This winter is going to fun. I'm going to buy lots of thick jumpers, tinned food and popcorn. Quote Link to comment Share on other sites More sharing options...
ccc Posted September 14, 2010 Share Posted September 14, 2010 I suppose in the mainstream DM and SUN world, this is a good signal that we are in the Fear Phase re. the HPC? What's up next? Greed - Check Delusion - double check New Paradigm - ****** yes !! Denial - Where to begin. Buckets of the stuff. Bulltrap - Check Return to normal - Oh yes. Fear - On track Capitulation - TBC Despair - TBC Return to Normal - TBC Quote Link to comment Share on other sites More sharing options...
Dave Spart Posted September 14, 2010 Share Posted September 14, 2010 Here come the girls falls. Quote Link to comment Share on other sites More sharing options...
Quicken Posted September 14, 2010 Share Posted September 14, 2010 Here come the girls falls. I can live without coffee, I can live without Tea! And I'm livid about the honeybee! I'm not a fillet steak, I can leave or take, But the Falls are part of me! And ohhh water! I don't need no lemonade! But to live without Falls, I can't live without Falls, It's like a man with a hole in his head! Here come the Falls! Here come the Falls! Here come the Falls! (Falls, Falls, Falls-Falls) Here come the Falls! (Falls, Falls, Falls-Falls) Quote Link to comment Share on other sites More sharing options...
Horridbloke Posted September 14, 2010 Share Posted September 14, 2010 Unfortunately it's only a Daily Mail article and therefore almost beyond parody. "Will house price fears hit house prices?" Quote Link to comment Share on other sites More sharing options...
boo Posted September 14, 2010 Share Posted September 14, 2010 Exactly, but he's not thinking it through. Imagine we are in ten years' time, and houses have risen 10% per year in real terms, whilst wages have stayed flat. Now the problem for first time buyers and anyone moving up are 2.5 times worse. In twenty years over six times worse. Thirty years and 17 times worse. With every fractional increase in prices to wages, volume drops away. The market dries up. Eventually only Sibley is left, with no new fools and "the market" a forgotten relic for rare eccentrics. It isn't going to happen. Oh thought sibley was just saying it because he is a bit of a selfish bell end ....silly me Quote Link to comment Share on other sites More sharing options...
Kazuya Posted September 14, 2010 Share Posted September 14, 2010 And the bear strikes back in full force! Quote Link to comment Share on other sites More sharing options...
SarahBell Posted September 15, 2010 Share Posted September 15, 2010 So is this the start of the fear phase? Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted September 15, 2010 Share Posted September 15, 2010 So is this the start of the fear phase? Yes. IMO. People are starting to twig that following the herd the last few years was the WRONG thing to do. There will be a lot of anger out there, and fear. I think the banks will try to keep people in their house paying the mortgage though, doesn`t make sense to have mass repossesions at this stage of the cycle? Quote Link to comment Share on other sites More sharing options...
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