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Waiting Patiently

Housing Boom Over As Uk Bank Chaos Grows

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Guest Charlie The Tramp

Does the article also says that HPI will drop by 50% next year and would therefore still be in positive territory ?

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It is amazing how quickly the media is linking the credit crunch to a future fall in house prices. With this becoming the accepted wisdom, more and more will hold off from buying, or demand greater reductions in prices.

House prices will start falling.

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It is amazing how quickly the media is linking the credit crunch to a future fall in house prices. With this becoming the accepted wisdom, more and more will hold off from buying, or demand greater reductions in prices.

House prices will start falling.

The reason why the press has been so quick is because this is the opinion of their financially aware readers. Papers never want to go ahead of their readers except on small things.

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The reason why the press has been so quick is because this is the opinion of their financially aware readers. Papers never want to go ahead of their readers except on small things.

With all due respect I beg to differ.

It is on the front page because it IS BIG. Run on N. Rock is big news. HOUSING BOOM IS OVER. The magnitude will be dependant on how many more (B&B, A&L) go to the wall in the coming weeks.

CHAPS: I REPEAT, IT IS OVER. Thanks for your patience for holding out. You have been rewarded.

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The reason why the press has been so quick is because this is the opinion of their financially aware readers. Papers never want to go ahead of their readers except on small things.

...many of the journalists were aware and could even be on this Forum.....but Editorial prudence would have halted any direct statements in case they were accused of tipping the scales.....no need for such hedging now...!.. :o:o:o

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sadly I think it's instead saying "The Observer warns that Britain's house price growth could be be halved next year as the global financial crisis adds to the headache of rising mortgage rates." (Sky review)

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sadly I think it's instead saying "The Observer warns that Britain's house price growth could be be halved next year as the global financial crisis adds to the headache of rising mortgage rates." (Sky review)

Good point. People just do not understand the difference between the 1st and 2nd derivatives anymore. I blame the removal of differential calculus from the school curriculum.

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