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Vis Predictions From A Year Ago


rantnrave
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There's a lot of 'experts' currently calling the housing market for 2011. Does anybody have details of what they were saying this time last year?

I like doing this kind of thing, I think consistency is just as important though (stick 5 "experts" in a room & one will be right at least once in 5 years). These experts like to put their hands up if they are right and melt into the background when they are wrong and hope nobody notices or can be bothered to dig out their prediction.

I think it's safe to say almost everyone on here was wrong at the end of last year.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/6818862/Outlook-2010-house-prices.html

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This one's laughable - they got the outcome right but the description all wrong!

National Association of Estate Agents

The market will be hugely dependent on how much lending will be made available. House prices could remain flat, or in some markets possibly drop slightly, for the first six months, before picking up again and remaining stable in the second half of the year.

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I like doing this kind of thing, I think consistency is just as important though (stick 5 "experts" in a room & one will be right at least once in 5 years). These experts like to put their hands up if they are right and melt into the background when they are wrong and hope nobody notices or can be bothered to dig out their prediction.

I think it's safe to say almost everyone on here was wrong at the end of last year.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/6818862/Outlook-2010-house-prices.html

Actually:

Ray Boulger's +4% was almost spot on (based upon E&W average for Oct09-Oct10).

All the rest predicted a fall and were way under.

(I'm guessing that most of you thought all the predictions would be for +10%, as I did)

tim

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