Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Bootle's Latest -- 2 Years Of 10-15% Down Is Needed

Recommended Posts

http://www.telegraph.co.uk/finance/economics/8219165/Expect-two-more-years-of-house-price-pain.html

Economics
Expect two more years of house price pain
Telegraph columnist Roger Bootle tells Robert Miller why house prices could continue to fall for another two years.

Does not see an overnight crash but thinks market could drop 10-15% in a year and repeat the same kind of fall for a 2nd year.

Long wait for that 40-50% drop folks. So if that 250k house drops 15% in 2011 that is £721 per week. Sort of makes renting a sensible choice what? :D

Share this post


Link to post
Share on other sites

I never understand commentators who say 5% or 10% off etc etc at the end of the day people are not going to hang about waiting for the prices to drop they just now need to get the feeling that rates are heading up....the mortgage will get more expensive.....the prices will come down.

You stick with an asset, a liability you get rid of sharpish there are lot of subsidising landlords in the market and deluded folks who think rates will stay this low forever (5 years+).

Its all rates 2011 is so exciting (or shit if rates dont go up lol)

Edited by Fromage Frais

Share this post


Link to post
Share on other sites

http://www.telegraph.co.uk/finance/economics/8219165/Expect-two-more-years-of-house-price-pain.html

Economics
Expect two more years of house price pain
Telegraph columnist Roger Bootle tells Robert Miller why house prices could continue to fall for another two years.

Does not see an overnight crash but thinks market could drop 10-15% in a year and repeat the same kind of fall for a 2nd year.

Long wait for that 40-50% drop folks. So if that 250k house drops 15% in 2011 that is £721 per week. Sort of makes renting a sensible choice what? :D

It was only in the summer Bootle was suggesting that the market was stabilising and would now gently float upwards. Funny how he has changed his mind in a few months. The fact is there will more likely be a 10-15% fall in EACH of the next 2 years, when we will probably reach bottom, with regional variations. These things take an annoyingly long time to play out, but those who have been hanging on with their fingernails will soon find the downdraft too strong IMHO.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.