fellow Posted February 8, 2023 Share Posted February 8, 2023 Is it 2008 again? Here’s how far house prices will fall https://www.telegraph.co.uk/property/house-prices/2008-house-prices-have-fallen-rate-financial-crisis/ House prices are falling at exactly the same rate as they did during the financial crisis, new figures have shown. The numbers, provided by The Telegraph’s new house price tracker, raise the question of whether falls will continue on the same trajectory, falling by as much as 20pc as in 2008, or whether recent drops will level off. Analysis of the lenders' figures shows that in the five months since prices started dropping in August 2022, property values have fallen 5.7pc – a £16,111 drop. In the first five months of the financial crisis when prices started to fall in the autumn of 2007, house prices fell the exact same amount in percentage terms, as the chart shows. House prices then went on to fall by as much as 20pc in 2008. If today’s prices were to follow the same pattern, the value of the average home would fall from £284,000 to about £227,000 – a drop of nearly £60,000 peak-to-trough Quote Link to comment Share on other sites More sharing options...
Nomadd Posted February 8, 2023 Share Posted February 8, 2023 8 minutes ago, fellow said: If today’s prices were to follow the same pattern, the value of the average home would fall from £284,000 to about £227,000 – a drop of nearly £60,000 peak-to-trough ..in the first year alone. Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted February 8, 2023 Share Posted February 8, 2023 (edited) I've been a member of this forum for ages (mods delete me accordingly) but seriousl). More than 10.years. Rupert Murdoch doesn't give two shits about you. He will happily watch you inflict pain and misery into decent human beings because he told you they are subhuman. Edited February 8, 2023 by sPinwheel Quote Link to comment Share on other sites More sharing options...
fellow Posted February 8, 2023 Author Share Posted February 8, 2023 3 minutes ago, sPinwheel said: I've been a member of this forum for ages (mods delete me accordingly) but seriousl). More than 10.years. Rupert Murdoch doesn't give two shits about you. He will happily watch you inflict pain and misery into decent human beings because he told you they are subhuman. I'm not surprised the mods delete you occasionally. You have been trolling every thread with utter nonsense all day. Quote Link to comment Share on other sites More sharing options...
Gurgle Posted February 9, 2023 Share Posted February 9, 2023 4 hours ago, sPinwheel said: I've been a member of this forum for ages (mods delete me accordingly) but seriousl). More than 10.years. Rupert Murdoch doesn't give two shits about you. He will happily watch you inflict pain and misery into decent human beings because he told you they are subhuman. What does Murdoch have to do with this ? It's the Telegraph we're talking about. Quote Link to comment Share on other sites More sharing options...
Timm Posted February 9, 2023 Share Posted February 9, 2023 5 hours ago, fellow said: Is it 2008 again? Here’s how far house prices will fall https://www.telegraph.co.uk/property/house-prices/2008-house-prices-have-fallen-rate-financial-crisis/ House prices are falling at exactly the same rate as they did during the financial crisis, new figures have shown. The numbers, provided by The Telegraph’s new house price tracker, raise the question of whether falls will continue on the same trajectory, falling by as much as 20pc as in 2008, or whether recent drops will level off. Analysis of the lenders' figures shows that in the five months since prices started dropping in August 2022, property values have fallen 5.7pc – a £16,111 drop. In the first five months of the financial crisis when prices started to fall in the autumn of 2007, house prices fell the exact same amount in percentage terms, as the chart shows. House prices then went on to fall by as much as 20pc in 2008. If today’s prices were to follow the same pattern, the value of the average home would fall from £284,000 to about £227,000 – a drop of nearly £60,000 peak-to-trough In nominal terms, I would not be surprised. In real terms, it may be much worse. Quote Link to comment Share on other sites More sharing options...
TerryBoi Posted February 9, 2023 Share Posted February 9, 2023 8 minutes ago, Gurgle said: What does Murdoch have to do with this ? It's the Telegraph we're talking about. Murdoch lives in @sPinwheel's head rent-free. I know this because his noggin is a duplex and I live in the other side also rent-free. Quote Link to comment Share on other sites More sharing options...
dpg50000 Posted February 9, 2023 Share Posted February 9, 2023 10 hours ago, fellow said: I'm not surprised the mods delete you occasionally. You have been trolling every thread with utter nonsense all day. Thank you. He pops up occasionally and spouts utter ******** on loads of threads. Typical of how far this board has sunk, unfortunately. Quote Link to comment Share on other sites More sharing options...
Si1 Posted February 9, 2023 Share Posted February 9, 2023 Quote Link to comment Share on other sites More sharing options...
spyguy Posted February 9, 2023 Share Posted February 9, 2023 19 hours ago, Gurgle said: What does Murdoch have to do with this ? It's the Telegraph we're talking about. Murdoch press... Despite 1) Not owning it. 2) Few people read any newspaper. But that's why Corbyn wasnt elected. Apparently. Quote Link to comment Share on other sites More sharing options...
Gurgle Posted February 10, 2023 Share Posted February 10, 2023 4 hours ago, Si1 said: The final comment sounds like someone on here Quote Link to comment Share on other sites More sharing options...
Orb Posted February 10, 2023 Share Posted February 10, 2023 (edited) 8 hours ago, Si1 said: LOL I would LOVE to meet the person who put that bid in. Edited February 10, 2023 by Orb Quote Link to comment Share on other sites More sharing options...
pokercola Posted February 10, 2023 Share Posted February 10, 2023 The 2008 'crash' was tempered by flooring interest rates for over a decade. Zero interest rates aren't coming back to save you, 2008 is best case scenario. Quote Link to comment Share on other sites More sharing options...
winkie Posted February 10, 2023 Share Posted February 10, 2023 Only have to look on RM or Zoopla or any of the other agents offering of property for 'sale' to see owners are in denial about what they think their property is 'worth'........stuff been on there for months, stale and effectively not for sale. Acceptance will come, if want a sale will have to be prepared to accept a lot less....... Quote Link to comment Share on other sites More sharing options...
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