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highcontrast

Nationwide building society expects house prices to fall 13.8 per cent this year as people delay home moves

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 I think they are way out - I expect it to be more like 13.7849%. These ridiculous levels of exactitude down to the nearest 0.1% are laughable. Why not say 10-15%?

Just make up a number!

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Their short term demand based model says so so they have to report it and then sugar coat it to the nth degree.

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That was kinda what I was getting at, if the Nationwide are  saying 13.8% with their overtly bullish bias, how bad do they really think it's going to get?

They are clearly not trying to talk up the market/sugar coat it any more, maybe all the VI's hope if they say prices wll fall sharply then they hope (i.e. can dream) prices will recover sharply? But I don't think it works like that.

p.s. yes, how they can claim be accurate to an 8th of a percent...whatever!

 

Edited by highcontrast

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OK, 20-25% baked in by this time next year if the Nationwide are saying this...seriously, it’s one thing the BoE, but the biggest VI in the country saying prices are going down that much has made my week.

Edited by HovelinHove

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23 minutes ago, HovelinHove said:

OK, 20-25% baked in by this time next year if the Nationwide are saying this...seriously, it’s one thing the BoE, but the biggest VI in the country saying prices are going down that much has made my week.

Has anyone got a link to the Nationwide one outside of the Daily Mail comment.. not saying i dont trust the mail but...

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  • 406 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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