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Bubble_Bobble

"in 1989, House Prices Began To Fall At The Start Of A Prolonged House Price Correction. Is History Now Repeating Itself?"

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Sarah Beeney, Dominic Littlewood, Declan Curry, those t&&ts from Homes under the Hammer...

ARE YOU LISTENING, ARE YOU LISTENING:

YOUR HOUSING MARKET IS TAKING ONE HELL OF A BEATING!!!!!!

Yes but it's getting beaten UP, so there! That's because houses only go UP, as any fule knows! :P

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1,000 lines, on my desk first thing Monday morning: "It's different this time."

Predictably the stats are mirroring what happened in 1989-1990 in 2007-2008.We are caught in an 18 year groundhog day cycle and there is nothing that can stop it.In 1989 HPI collapsed at the end(-1.5%Q4) but registered 5% YOY growth.In 2007 HPI collapsed at the end(-0.8% Q4)but registered 5% YOY growth.In Q1 1990 we had the usual spring bounce +0.5%.In Q1 2008 the Halifax is likely to pull out a +0.2%(November-February).

So where are we going....1990 Q2 -0.2%,1990 Q3 -0.2%,1990 Q4 +0.1.1991 about -5%.1992 about -10%.1993-1996 flat-liner.By which time the Market had crashed by 35% in real terms from its June 1989 highs.We may have to wait until 2014.

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"In 1972 a crack commando unit was sent to prison by a military court for a crime they didn't commit. These men promptly escaped from a maximum security stockade to the Los Angeles underground"

Low interest rates are making the situation much worse, I wouldn't see them as a benefit in comparison to the last crash.

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And my post PROVES that it is not a good idea to post after 7 PINTS!

SO THERE

:P:lol::P

<orbitroll mode> If you didn't spend so much on drink, food, other forms of entertainment, and sat in a box for hours instead, you'd be able to afford a house </orbitroll mode>

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Sarah Beeney, Dominic Littlewood, Declan Curry, those t&&ts from Homes under the Hammer...

ARE YOU LISTENING, ARE YOU LISTENING:

YOUR HOUSING MARKET IS TAKING ONE HELL OF A BEATING!!!!!!

Delivered in an over excited Norwegian accent?

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  • 293 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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