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Realistbear

Reservations Up Significantly Says Wilson Bowden

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http://uk.biz.yahoo.com/051222/214/fztor.html

Dramatic and sudden turnaround for newbuilds it seems! What happened to change the direction of the market so quickly?

Here is what the source of Bowden's optimism must be:

1. The SIPPs U-turn

2. Rising unemployment

3. Record unaffordability

4. Highest IR in history based on borrowing to earnings ratios

5. Weak High Street sales

6. Dramatic slowing in GDP to half forecast

7. Consumer confidence levels at 22 year low according to CBI's report

8. 40% increase in bankruptcy rate compared with a year ago

9. High levels of unsold flats accross the country

10.15 months of falling house prices.

None of those? The reason must be VI spin then! :lol::lol::lol:

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http://uk.biz.yahoo.com/051222/214/fztor.html

Dramatic and sudden turnaround for newbuilds it seems! What happened to change the direction of the market so quickly?

Here is what the source of Bowden's optimism must be:

1. The SIPPs U-turn

2. Rising unemployment

3. Record unaffordability

4. Highest IR in history based on borrowing to earnings ratios

5. Weak High Street sales

6. Dramatic slowing in GDP to half forecast

7. Consumer confidence levels at 22 year low according to CBI's report

8. 40% increase in bankruptcy rate compared with a year ago

9. High levels of unsold flats accross the country

10.15 months of falling house prices.

None of those? The reason must be VI spin then! :lol::lol::lol:

You can't have both points 3 and 10. If you agree with Hometrack's loony figures about fifteen months of falling prices, then affordability has been improving for fifteen months and is well off its record.

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You can't have both points 3 and 10. If you agree with Hometrack's loony figures about fifteen months of falling prices, then affordability has been improving for fifteen months and is well off its record.

There's been a pickup in reservations, well yes because they like all builders have been offering "incentives" not mentioned in the article, of course these "incentives" are in reality price reductions.

I also notice an attempt to cover themselves, in that they make the same statement twice, once at the begining of the press statement and once at the very end "it is too early to call the direction of the housing market in 2006"

They are discounting and living in hope, so it's just the kind of press statement I would expect at this juncture in the cycle.

Edited by Catch22

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There was a very bullish report on the news last night about London House prices and city bonuses. My belief is that there is a renewed optimism about housing and that people can see that there will not be a sudden sharp crash and most likely modest growth. Therefore, they are happy to make their purchase.

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Are we passing fear yet?

IMHO, no, you will know when we are at the fear stage as the majority of home owners or prespective buys fully expect houses to reduce in price. There are still prospective buyers about fearing they may miss the chance to get on the ladder, and Mew'ers hopeing they are right.

Where do you think we are?

We are at the stage were the "cast iron belief" prices will rise that used to be the hallmark of the sheeple view, is now turning to that of confusion, hence you now notice the VI Spin machine going into overdrive.

The truth of the matter is the medicine will at some stage need to be taken by the patient [the economy] unfortuneately is not yet prepared to accept the bitter taste of it.

Edited by Catch22

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There was a very bullish report on the news last night about London House prices and city bonuses. My belief is that there is a renewed optimism about housing and that people can see that there will not be a sudden sharp crash and most likely modest growth. Therefore, they are happy to make their purchase.

Yes... just like film extras in Lord of the Rings I can see an ocean of buyers

charging head-long to their local estate agents, sword in hand, swinging and

lunging at the pictures of the properties, yet to be released from their curse!

buyahouse22kh.gif

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  • 301 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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