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Property Guru Turns Bear

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The market has peaked, this summer has seen the suckers rally.

The media / economic house price pundits after calling the market "peak" wrong in 2004 are now to nervous to make predictions of falling prices.

I just want to make an exact prediciton for the record:

"In 2007 the Land Registry figure for the average property price in Eng & Wales will go Year on Year negative."

I suspect it will happen in Q3 or Q4 2007 Land Reg Figures (but it could happen in the first 2 QU figures of 2007)

At the moment Land Reg HPI is 7.71% Y on Y based on Q2 06 figures.

This will go negative in 2007 Y on Y, the market has peaked.

PG

:D:D:D

Got to hand it to him though. He's seen whats coming and rather than slinking off hes decided to stay on as a bear. :)

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i want to carry on and talk about ******** taking UK jobs ............

PG has also consistently maintained that the average price will not fall below the average price of Q1 2004. He thinks we are already 2 years into a soft landing.

Prices may drop, but will they crash?

Good on PG for being prepared to stick his neck out and make a precise prediction, with a date attached.

Would any bears on here like to do the same thing? Personally I'm tired of the "crash has already started!" and "prices will fall by 70%" type posts, where the poster will never admit he was wrong because "just because it hasn't happened yet, doesn't mean it won't happen".

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The 'other place'..... ;)

You mean it came from the dark side - where the bears use the force to guide them –

I like PG’s predictions – so far he has been right – much more so than others who seriously think the HPC started years ago

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I agree with him i think we are seeing a suckers rally, but i think prices will

eventually drop to 2000/2001 levels adjusted for inflation

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:D:D:D

Got to hand it to him though. He's seen whats coming and rather than slinking off hes decided to stay on as a bear. :)

Ach....hes covering his ass so we can't enjoy ripping the proverbial after him being so wrong for so long.

Its not going to work.

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I'm sorry, where is this quote from? I'm seeing lots of allusions to it but no-one is just coming out and saying where PropertyGuru said this......

Pete

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I'm sorry, where is this quote from? I'm seeing lots of allusions to it but no-one is just coming out and saying where PropertyGuru said this......

Pete

I did post a link but for some reason it's being censored. (probably since it's from another house price discussion board which might be considered a rival to hpc)

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I did post a link but for some reason it's being censored. (probably since it's from another house price discussion board which might be considered a rival to hpc)

Please PM me the name of the site.

Thanks.

Pete

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Please PM me the name of the site.

Isn’t this the way things went wrong last time- I believe lot’s of people got there PM rights removed for doing just that – but the site is easy to find as there are not many house price crash sites – just do a search in google

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I'm not sure why PM'ing isn't working for me.

However, I have managed to do some searching and located what I needed to find.

Dr. Google gave the right prescription.... :)

Pete

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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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