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stripycat

House prices Safe From Crumbling In Year Ahead

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House prices are unlikely to fall sharply next year, but will again fail to match growth in average earnings, according to the most prominent property market forecasters.

The two lenders that produce house price indices – Halifax and Nationwide – expect growth of no more than 3 per cent next year; the consensus among independent economists is that earnings will grow by 4 to 4.5 per cent.

But an interesting last sentence

Conventional wisdom has it that the time to sell is when everyone is buying; another signal, perhaps, is when the last pessimists turn optimistic. Just because the market has defied expectations for so long, however, does not necessarily mean that the danger is now past.

http://news.ft.com/cms/s/374b6322-7966-11d...00779e2340.html

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Conventional wisdom has it that the time to sell is when everyone is buying; another signal, perhaps, is when the last pessimists turn optimistic. Just because the market has defied expectations for so long, however, does not necessarily mean that the danger is now past.

http://news.ft.com/cms/s/374b6322-7966-11d...00779e2340.html

Precisely because the market has defied expections for so long is the reason the danger is only just beginning. What a bunch of idiots.

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Precisely because the market has defied expections for so long is the reason the danger is only just beginning. What a bunch of idiots.

It is like waiting for a bus. You never know when one will arrive. But the longer you are waiting the *more* likely one will arrive in the next time period. And if you really wait ages, then 3 come at once, which is the bus equivalent of 90% off house prices, I think.

frugalista

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It is like waiting for a bus. You never know when one will arrive. But the longer you are waiting the *more* likely one will arrive in the next time period. And if you really wait ages, then 3 come at once, which is the bus equivalent of 90% off house prices, I think.

frugalista

it's sod law that that happens, but it happens so often, my face will be like :D when it does! 90%!!! that will be the ideal scenario

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it's sod law that that happens, but it happens so often, my face will be like :D when it does! 90%!!! that will be the ideal scenario

If i was you i wouldn't even consider anything like 90% :lol:

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If i was you i wouldn't even consider anything like 90% :lol:

I think 40% off would be about right adjusting for inflation over the past 4-5 years...

Regards,

crude

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I think 40% off would be about right adjusting for inflation over the past 4-5 years...

Regards,

crude

Yep that sounds more reasonable, dont know if it will be even that much though but 25% - 40% seem plausable. Depends on how long folks are willing ro wait for i suppose.

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  • 302 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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