Jump to content
House Price Crash Forum

House Price Crash... On Your Marks !


Bosh
 Share

Recommended Posts

Seems to have been a good week and it`s only Wednesday.

http://www.estateagenttoday.co.uk/news_features/Home-sales-plummet-nearly-20-says-Land-Registry

Housing transactions tumbled by nearly 20%, according to latest Land Registry data, but average prices in England and Wales crept up by a 0.1% whisker.

It put the average house price in June at £161,777 – up very slightly on the month before and 0.9% higher than in June last year.

Land Registry transaction data for April – the latest available – shows that there were just 41,244 house sales, down from 50,721 in April of 2011, a fall of 19%

.

http://www.telegraph.co.uk/finance/economics/houseprices/9437532/House-prices-fall-for-first-time-in-seven-months.html

House prices have fallen for the first time in seven months in July as the number of potential buyers shrinks while the volume of homes going on the market rises, said Hometrack.

Prices fell by 0.1pc in July after being flat in the previous month, with activity slowing down notably in London and the South East, which have been supporting the market and keeping average prices up

http://www.cityam.com/latest-news/house-prices-the-slide

Rising house prices in London and the south east have been offsetting the decline across the rest of the country in recent months, but this trend appears to be running out of steam
.

http://www.dailymail.co.uk/money/mortgageshome/article-2180956/Hometrack-House-prices-fall-time-2012--irrepressible-London-market-slows-0-1-growth.html

House prices have fallen for the first time in seven months, according to the figures published today. Prices fell by 0.1 per cent in July, with drops in every region except London.

Even prices in London and the South East, which tend to be more resilient and have been keeping average prices up, saw growth slow to just 0.1 per cent.

http://www.bbc.co.uk/news/business-19069870

House prices have fallen for the fourth time in five months, says the Nationwide building society.

The fall of 0.7% in July means prices are now 2.6% lower than they were a year ago, at an average of £164,389.

http://www.nationwide.co.uk/hpi/historical/July_2012.pdf

UK house prices continued to slide in July

http://news.sky.com/story/967477/house-prices-in-sharpest-fall-since-2009

House Prices In Sharpest Fall Since 2009

:)

Maybe just maybe we don`t need any specific event to trigger a full on crash. The patient is bleeding out and stuffing wads of cash into the open wound is not enough.

Link to comment
Share on other sites

Never underestimate the power of more printy printy.

Funnily enough the only thing printy printy seems to have achieved is huge bank bonuses and rising commodity prices. Does anyone actually feel any better off (save the government), there is only so much wealth to go around, the government/BoE thought they could print the problems away but have only succeeded in removing the spending/debt servicing capacity of the rest of the economy :lol:

Link to comment
Share on other sites

Most of the headlines I attached are well and truly out there for Mr and Mrs J Public to see. People have little confidence that any further printing will benefit them anymore than the Billions printed before. Confidence is key.

Mention a possible fuel strike and the whole country panics.

Never underestimate the power of negative house price headlines.

Link to comment
Share on other sites

Most of the headlines I attached are well and truly out there for Mr and Mrs J Public to see. People have little confidence that any further printing will benefit them anymore than the Billions printed before. Confidence is key.

Mention a possible fuel strike and the whole country panics.

Never underestimate the power of negative house price headlines.

Sentiment turns like an oil tanker but this sort of thing changes it. Most people don't pay any attention to fundamentals but they are influenced by headlines.

Link to comment
Share on other sites

Funnily enough the only thing printy printy seems to have achieved is huge bank bonuses and rising commodity prices. Does anyone actually feel any better off (save the government), there is only so much wealth to go around, the government/BoE thought they could print the problems away but have only succeeded in removing the spending/debt servicing capacity of the rest of the economy :lol:

Indeed, maybe when the general populous have shut up shop and downed tools they'll crash - no size bonus is worth anything if you can't do anything with it.

Link to comment
Share on other sites

Funnily enough the only thing printy printy seems to have achieved is huge bank bonuses and rising commodity prices. Does anyone actually feel any better off (save the government), there is only so much wealth to go around, the government/BoE thought they could print the problems away but have only succeeded in removing the spending/debt servicing capacity of the rest of the economy :lol:

actually since they started printing commodity prices have tumbled, all commodities are and have been on a slow downward cycle for a good while now.

Link to comment
Share on other sites

Wasn't there a post on here a while back showing sentiment online versus house prices..... 1950s Quiff or sommat was the author.... would like to see an updated version!

Link to comment
Share on other sites

actually since they started printing commodity prices have tumbled, all commodities are and have been on a slow downward cycle for a good while now.

Printing led to a sustained recovery in commodity prices (indeed, pretty much all markets) after the rapid deflation which occurred at the end of 2008 until around the start of this year when the effects of the first rush of printing and stimulus started to wear off and the markets started to trend down again and underlying deflationary pressures started to assert themselves.

Logic would tell you that the policy of printing/inflating has failed but unfortunately the most likely outcome will be an even bigger stimulus and even more determined efforts to print away the debt as those advocating inflation claim that it was working but that it was not enough. They'll do this again and again should deflationary pressure resurface.

Eventually they'll print enough that confidence in the currency is undermined and it's hello hyperinflation.

EDIT: Inflation stats since 1948. We should have been experiencing ongoing deflation since early 2009, it's clear that all out printing and bailing out stopped it and induced inflation.

Guardian

Edited by Sour Mash
Link to comment
Share on other sites

Wasn't there a post on here a while back showing sentiment online versus house prices..... 1950s Quiff or sommat was the author.... would like to see an updated version!

Wasn't there a post on here a while back saying the would release lots of bad news while the Olympics were on and people were distracted !!!

:blink:

Link to comment
Share on other sites

Updated from yesterday... It`s only Thursday and it`s been a good week. The message is getting out to the masses.

Thanks to djgilbo ... http://www.housepricecrash.co.uk/forum/index.php?showtopic=181418&st=0

Your welcome :) House price's won't be going up any time soon & if they are i would like some one on here too show me some evidence as all i can see now is down down down from now on for the next 2 years ;)

Link to comment
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...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • 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.