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Wrigglesworth And The Lost Marbles

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With the September house price report, John Wrigglesworth confidently declared:

"While another boom in house prices is not in prospect, a house price crash can clearly be ruled out."

I suspect this claptrap will come back to haunt slippery little John.

Recently, UK growth targets have been revised downwards by dizzying amounts. Unemployment is climbing steadily and all the job losses are from the private sector. Inflation is heading up steadily, tax is rising, bancrupsies are rising and commodity prices are soaring.

In the midst of this mahem, Wrigglesworth declares all is well on the housing front. His only shred of evidence is that an unexpectedly large number of people in September were duped into believing that now a good time to buy a house.

Despite what Wrigglesworth says, the facts speak for themselves. We have falling house prices and with each month, the tide of bad news grows. John Canute Wrigglesworth will have to get lucky every single month if he wants his spin to work. Lenders will have to find ever more gullible buyers if they want their heavier than air machine to stay aloft.

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do you think he cares ?

as soon as the games up people like this will simply split.

like the MD from insurance claim specialists TAG (the accident group) who texted his staff to tell them they were fired. he has the money. his job is done.

see yo' later suckers....

hes not going to stick around and defend it.

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"While another boom in house prices is not in prospect, a house price crash can clearly be ruled out."

Statements like that will not help him, by not admitting that a crash 'could' happen he will make things much worse. From what I've seen of sellers recently (expat forum, friends and colleges - I certainly don't bother viewing houses anymore), this sort of statement is going to stop them lowering there prices or taking offers and ultimately prevent them from selling. Hence, the supply of unsold houses increasing further. He is mad if he thinks this sort of state can remain with so many redundancies happening. If supply outstrips demand now what will happen with a few forced sales?

I think this man is heading for a humiliating few years.

LG

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There is NO crash and there won't be one for at least another 12 months. Down 3.7% in 12 months just doesn't constitute a crash in my book - and this is the most bearish one on the block.

The only people thinking their is a crash are the mentalist bears on this site, who consistently clutch at the odd anecdotal straw to justify their case.

:ph34r:

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There is NO crash and there won't be one for at least another 12 months. Down 3.7% in 12 months just doesn't constitute a crash in my book - and this is the most bearish one on the block.

The only people thinking their is a crash are the mentalist bears on this site, who consistently clutch at the odd anecdotal straw to justify their case.

:ph34r:

"Germany calling, this is Germany calling"

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one time recently it was up 17%+ per year 04. now down to -3.5%. 05

thats -20.5% in my book. you cant see the crash as its moving along the crux.

but its here alright. so this may be the worst the high street has to suffer for this much needed correction.

if we can handle this we may get a recession free correction. is it currently correcting.?

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one time recently it was up 17%+ per year 04. now down to -3.5%. 05

thats -20.5% in my book. you cant see the crash as its moving along the crux.

but its here alright. so this may be the worst the high street has to suffer for this much needed correction.

if we can handle this we may get a recession free correction. is it currently correcting.?

yes. correct.

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There is NO crash and there won't be one for at least another 12 months. Down 3.7% in 12 months just doesn't constitute a crash in my book - and this is the most bearish one on the block.

The only people thinking their is a crash are the mentalist bears on this site, who consistently clutch at the odd anecdotal straw to justify their case.

:ph34r:

how odd that you label people as "mentalist" for believing the crash has begun, yet you predict a crash a year from now in the same breath.

does that not make you a "mentalist" in waiting ? :blink:

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  • 339 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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