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Daily Mail This Is Money Vote On House Prices

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88%

I daresay most sheeple are thinking 20% as a best case scenario. I suggested a drop of at least 20% over a year ago and I am now thinking that the upper end of my range, 30%, will be more likely. That is, before this year is out and as winter bnegins to set in.

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Either the vote is 99% HPCers or the public are in the Fear stage.

Other headlines woulc confirm this... smears against estate agents, govmint headlines about rescues etc etc.

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88%

I daresay most sheeple are thinking 20% as a best case scenario. I suggested a drop of at least 20% over a year ago and I am now thinking that the upper end of my range, 30%, will be more likely. That is, before this year is out and as winter bnegins to set in.

RB, I agree with you here. Joe Public are generally a lagging indicator, though when they switch sentiment is can have a very powerful effect. A while back I was plotting the sellers expectation index (aka Rightmove) against the Nationwide data. From this I deduced that Joe Public are about 6 months behind the market, though the gap closes on specific events, like Northern Rock arise.

Right now, people have just realised the severity of the downturn and all the pundits (probably except Stuart Lawz) have gone slightly bearish, though I don't think they have completely turned bear, for some it is a strategy to maintain credibility and they still take the chance to say things have bottomed out.

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Liked this post on an associated thread. :)

" I am a btl landlord but i would not buy any property this year as the market is in turmoil ,i have a friend who is a auctioneer for fulfords and he is of the opinion that things are only going to get worse in the property market and he thinks the crap will hit the fan next year ,people can usually struggle on for about 6-9 months before they eventually give up."

So it's total carnage next year then.

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i have a friend who is a auctioneer for fulfords

Has he ever given you the nod so you can purchase a property at a stupid price whilst some poor repossessed b4$tard gets lumbered with a debt for undersale?

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How is voting for "Up more than 20% - 27%" :lol:

Maybe a BTL forum thread suggested members voted? :rolleyes:

___________________________________________

How daft not to have a "Down more than 70%" box.

Why prolong the agony?

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  • 399 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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