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Realistbear

Nationwide Survey: Sentiment Up, Mega Hpc Crash Of 0.9% Expected

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http://www.bloomberg.com/news/2011-01-18/u-k-consumer-confidence-advanced-from-20-month-low-in-december.html

U.K. Consumer Confidence Advanced From 20-Month Low in December
By Scott Hamilton - Jan 18, 2011 12:01 AM GMT
U.K. consumer confidence rose from a 20-month low in December as more Britons thought it was a good time to buy household goods before this month’s increase in sales tax, Nationwide Building Society said.
The sentiment index climbed 8 points to 53, reversing the decline seen in November, when the gauge fell to its lowest since March 2009, the customer-owned lender said in an e-mailed report today..../
Consumers continued to express pessimism about the U.K. housing market in December and expect the value of their home to
decrease by 0.9 percent over the next six months
, compared with a November prediction of a drop of 1.4 percent, Nationwide said.

Shocking news. 0.9% over 6 months is an annualized rate of 1.8%--a devastating blow to our grossly overpriced housing market.

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In today's 24/7 interconnected news cycle, how can so many people in this country be so ignorant? They also seem to think that IRs aren't going anywhere either...

Reminds me of the response in the US to Brown's bigot comment - many Americans were stunned........

..... they thought Tony Blair was still Prime Minister!

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Consumers continued to express pessimism about the U.K. housing market in December and expect the value of their home to
decrease by 0.9 percent over the next six months
, compared with a November prediction of a drop of 1.4 percent, Nationwide said.

Shocking news. 0.9% over 6 months is an annualized rate of 1.8%--a devastating blow to our grossly overpriced housing market.

Giving that the nationwide index dropped ~4.5% in the last 6 months you could easily use a good multiple on the survey numbers to get to reality.

I wonder if they mentioned that the N'wide index dropped 4.5% when they asked the ~1000 people the question on expectation, I'd love to see a comparison of the survey and reality 6 months later.

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  • 309 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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