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othello

How Quickly Will Prices Fall?

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Most people here expect prices to return to a long term sustainable level (down 30-40%?). I have for a while been undecided as to whether the falls will constitite a 'crash' which I suggest means falling over a 2-3 year period or long term decline ie. over perhaps 10 years or more. What are your views???

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The "Big Crash"* of the late 70's -early 80's took about 5 years from the crash to recovery. Great Crash 1 lasted from 1989-96 or about 7 years. Great Crash 2 will be very severe which portends at least a 10 year slump.

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* The "Big Crash" is not to be confused with the "Big Bust" that hit property hard folowing the oil embargo of the early 70's. All in Dibblian terms, of course. <_<

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The "Big Crash"* of the late 70's -early 80's took about 5 years from the crash to recovery. Great Crash 1 lasted from 1989-96 or about 7 years. Great Crash 2 will be very severe which portends at least a 10 year slump.

________________

* The "Big Crash" is not to be confused with the "Big Bust" that hit property hard folowing the oil embargo of the early 70's. All in Dibblian terms, of course. <_<

I'm not asking how long from crash to recover but how long it wall take for prices to fall to the trough. It would for example take 3 years followed by 7 of stagnation. Most epople here are interessted in the length of the downwave. If they take 10 years to fall, there's arguably no point in holding off buying.

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I went for 2-3 years because I don't think it wil be as long as 10. I am guessing that it will be about 5 years - but to be honest nobody can be sure,can they?

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