Jump to content
House Price Crash Forum

Has This Crash Really Even Started Yet?


Recommended Posts

37 out of the world's major 47 speculative bubbles showed a two stage collapse. The first was a period of "financial distress" characterised by relatively slow and steady declines in price, which was then followed by a period of "panic and collapse" when it was realised that all the serious players had exited the market and it was only propped up by fringe participants, who then all bolted for the exit at once like the proverbial fire in a night club.

If this property crash follows the pattern of the 37 then the real meat and two veg of the crash, the "panic and collapse" stage, is still to come. Ouch!

http://econospeak.blogspot.com/2008/07/fal...-financial.html

Link to comment
Share on other sites

First 50% fall.

Looks like a crash to me:-

http://www.rightmove.co.uk/viewdetails-171...=7&tr_t=buy

12nd Jul 2008

* Price changed: from 'From £50,000' to 'From £45,000'

3rd Jul 2008

* Price changed: from '£79,950' to 'From £50,000'

12nd Jun 2008

* Price changed: from '£89,000' to '£79,950'

* Title changed: BOWEN COURT, WAKE GREEN PARK, MOSELEY PARK

13rd Mar 2008

* Initial entry found.

Link to comment
Share on other sites

Has This Crash Really Even Started Yet?

Not really.

Scene setting.

Rehearsals for Act1 didn't go well

Some changes of cast/set/funding (see auctions for writing on the wall)

First night half full

Full run most unlikely, but no one wants to admit it.

We are in the afternoon before the second night .........

Quite a long long way from the inevitable unstoppable krystal nacht

Link to comment
Share on other sites

First 50% fall.

Looks like a crash to me:-

http://www.rightmove.co.uk/viewdetails-171...=7&tr_t=buy

12nd Jul 2008

* Price changed: from 'From £50,000' to 'From £45,000'

3rd Jul 2008

* Price changed: from '£79,950' to 'From £50,000'

12nd Jun 2008

* Price changed: from '£89,000' to '£79,950'

* Title changed: BOWEN COURT, WAKE GREEN PARK, MOSELEY PARK

13rd Mar 2008

* Initial entry found.

Blimey - it looks like the `shooting gallery` in Trainspotting...

Link to comment
Share on other sites

37 out of the world's major 47 speculative bubbles showed a two stage collapse. The first was a period of "financial distress" characterised by relatively slow and steady declines in price, which was then followed by a period of "panic and collapse" when it was realised that all the serious players had exited the market and it was only propped up by fringe participants, who then all bolted for the exit at once like the proverbial fire in a night club.

If this property crash follows the pattern of the 37 then the real meat and two veg of the crash, the "panic and collapse" stage, is still to come. Ouch!

http://econospeak.blogspot.com/2008/07/fal...-financial.html

We at the stage were the roller coaster just gets going after rolling over the crest of the big climb,from here it is Arhhhhhhhhhhhhhhhhhh Weeeeeeeeeeeeeeeeeeeeeeeeeeeee and scream of course. So the crash is on the way but quite a drop to go yet.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    No registered users viewing this page.





×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.