Flat Bear Posted September 14, 2007 Share Posted September 14, 2007 I have considered myself a bear rather than a bull in the UK property market as I believed the level of HPI was unsustainable, BUT I have believed to date there was too much demand due to too many factors for the market to be considered, or likely to become bearish. I now believe we are entering a bear market. The change should be much quicker than I had previously thought possible due to this change of direction in the money market and the effective bursting of the global credit bubble which has sustained high asset prices for so long. Without this credit fuel prices will fall. After taking into account indices time lags, I believe prices will show continuous downward momentum from about now. Unfortunately, I also believe we will see a marked slowdown in the economy and rising unemployment. I suppose I am calling the top. 99.9999% QUARANTEED? Quote Link to comment Share on other sites More sharing options...
mobeyone Posted September 14, 2007 Share Posted September 14, 2007 Have to agree... I doubt there will be a huge crash in prices though unless peoples wages are affected.. I think people in general will just be unable to get mortgages unless they have either zero debt or large deposits. Quote Link to comment Share on other sites More sharing options...
starship fighter Posted September 14, 2007 Share Posted September 14, 2007 things do seem to be moving rather more quickly now... i personally called the top when ocean finance started their latest advertising campaign encouraging people to take out loans with them to btl. when the subbest-of-the-sub-prime start to sell btl loans you just know that's the arrival of the greatest fools... Quote Link to comment Share on other sites More sharing options...
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