eric pebble Posted July 21, 2008 Share Posted July 21, 2008 (edited) Mail: House prices plunge £18,000 in just two months ... but experts warn worse is to come http://www.dailymail.co.uk/news/article-10...worse-come.html Edit: Link repaired Edited July 21, 2008 by eric pebble Quote Link to comment Share on other sites More sharing options...
Bearback Mountain Posted July 21, 2008 Share Posted July 21, 2008 Your link needs updating Eric of Locksley. Quote Link to comment Share on other sites More sharing options...
Mr Yogi Posted July 21, 2008 Share Posted July 21, 2008 Eric, I understand yout excitement, but you might want to check that link... Quote Link to comment Share on other sites More sharing options...
joey Posted July 21, 2008 Share Posted July 21, 2008 Mail: House prices plunge £18,000 in just two months ... but experts warn worse is to comehttp://www.housepricecrash.co.uk/forum/ind...w_post&f=22 but experts warn much worse is to come Quote Link to comment Share on other sites More sharing options...
DementedTuna Posted July 21, 2008 Share Posted July 21, 2008 Link to the article: http://www.dailymail.co.uk/news/article-10...e.html?ITO=1490 Quote Link to comment Share on other sites More sharing options...
rettah Posted July 21, 2008 Share Posted July 21, 2008 Mr Spencer said that house prices were still around 7 per cent above the level justified by the ' fundamentals' of demand and supply. Only 7%!! However, he believes the eventual fall will be much steeper than this because of the slump in confidence and lack of availability of mortgage finance. So fundamental reason for greater fall. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 21, 2008 Share Posted July 21, 2008 LMAO - asking prices going down by thousands across the UK, prices plummeting but when you look at the chart it shows one place where asking prices have gone up - Wales! That chart sums up the stupidity, IMPO, of those selling property in Wales currently. All over the World the housing market is crashing but the Welsh are such financial giants that they can put their asking prices up! Quote Link to comment Share on other sites More sharing options...
JustAnotherProle Posted July 21, 2008 Share Posted July 21, 2008 I think it is really sad when so many "jobs" revolve around HPI in this country, hopefully soon we will go back to actually making things.. Quote Link to comment Share on other sites More sharing options...
piece of paper Posted July 21, 2008 Share Posted July 21, 2008 I think it is really sad when so many "jobs" revolve around HPI in this country, hopefully soon we will go back to actually making things.. Houses? p-o-p Quote Link to comment Share on other sites More sharing options...
Warwick-Watcher Posted July 21, 2008 Share Posted July 21, 2008 LMAO - asking prices going down by thousands across the UK, prices plummeting but when you look at the chart it shows one place where asking prices have gone up - Wales! That chart sums up the stupidity, IMPO, of those selling property in Wales currently. All over the World the housing market is crashing but the Welsh are such financial giants that they can put their asking prices up! This article is about asking prices - what about getting prices i.e. real sales? London immune - so many rich Russians etc. Quote Link to comment Share on other sites More sharing options...
StuB Posted July 21, 2008 Share Posted July 21, 2008 LMAO - asking prices going down by thousands across the UK, prices plummeting but when you look at the chart it shows one place where asking prices have gone up - Wales! That chart sums up the stupidity, IMPO, of those selling property in Wales currently. All over the World the housing market is crashing but the Welsh are such financial giants that they can put their asking prices up! I've friends in Wales, talked one out of buying last year, she is currently laughing as her mates who bought are now in negative equity, we are talking 2 bed flats mind you. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 21, 2008 Share Posted July 21, 2008 ...we are talking 2 bed flats mind you. See you here. Quote Link to comment Share on other sites More sharing options...
StuB Posted July 21, 2008 Share Posted July 21, 2008 See you here. Dare i say Newport not Swansea? :-) Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 21, 2008 Share Posted July 21, 2008 Dare i say Newport not Swansea? :-) "Ah," I can hear a Swansea EA saying. "That explains it... Newport is not Swansea and Swansea is different!" Only the Welsh would be so stupid/arrogant/whatever to put up asking prices in the World's biggest property crash. Quote Link to comment Share on other sites More sharing options...
mikeymadman Posted July 21, 2008 Share Posted July 21, 2008 They are getting the stories right, but using the wrong language. Firstly, the price didn't fall £18k in two months. £x + £18k wasn't a the price of the house, and didn't bear any relation to to the price of the house , it turns out. £x - 18K will probably turn out not to be the price either. And to my way of thinking, worse to come would be what would happen if the sellers decided to sell the house for £x + the 18k. £x - 36k is called better to come. So really the heading should be "People in denial drop £18k from the illusional perceived worth of their mortgagees' houses in two months, but will have to drop further to sell" Not so catchy, I concede. Quote Link to comment Share on other sites More sharing options...
notthereyet Posted July 22, 2008 Share Posted July 22, 2008 Mail: House prices plunge £18,000 in just two months ... but experts warn worse is to comehttp://www.dailymail.co.uk/news/article-10...worse-come.html Edit: Link repaired http://www.dailymail.co.uk/news/article-10...mber-warns.html This story quotes BOE saying another 30% off prices and back to 2003 prices. O/K for a start. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted July 22, 2008 Author Share Posted July 22, 2008 http://www.dailymail.co.uk/news/article-10...mber-warns.htmlThis story quotes BOE saying another 30% off prices and back to 2003 prices. O/K for a start. Tee hee!!! Quote Link to comment Share on other sites More sharing options...
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