crash2006 Posted July 30, 2008 Share Posted July 30, 2008 A 17 per cent fall in prices would take the value of the average house to about £150,000, down from £199,600 in August last year, according to Halifax figures http://www.timesonline.co.uk/tol/money/pro...icle4432554.ece Quote Link to comment Share on other sites More sharing options...
mbga9pgf Posted July 31, 2008 Share Posted July 31, 2008 Woah! And the rest! Someone, update the front page graph.... I think we just dropped off a cliff! Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted July 31, 2008 Share Posted July 31, 2008 A 17 per cent fall in prices would take the value of the average house to about £150,000, down from £199,600 in August last year, according to Halifax figures Just to be clear, thats an extra 17pc on top of what we already have, and only as far as next April (~2% pcm). That's even more beary than me and I though I was a beary bear. I forecast more forecasts. VMR. Quote Link to comment Share on other sites More sharing options...
Jason Posted July 31, 2008 Share Posted July 31, 2008 Woah! Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted July 31, 2008 Share Posted July 31, 2008 The very point of this site. I watched this site for ages, as the media were talking up 4x, 5x, 6x mortgages! We were being bombarded with property porn, and virtually every local gas station, and pub were being demolished to make way for "luxury" developments. I knew something was "wrong" somewhere, but I thought I must be going a bit mad, as only one other person I knew could see the problem, back in 2005! Others were taking out galactic mortgages... Not sure how I found HPC, but what an eye-opener! Time for some schadenfrued perhaps? , I've seen some of the mortgages my cousins have , city centre flats you can't swing a cat in , which make guest houses in Nathan Road Hong Kong look big and they are paid 190K+ for them Quote Link to comment Share on other sites More sharing options...
MrPin Posted July 31, 2008 Share Posted July 31, 2008 I forecast more forecasts.VMR. The very point of this site. I watched this site for ages, as the media were talking up 4x, 5x, 6x mortgages! We were being bombarded with property porn, and virtually every local gas station, and pub were being demolished to make way for "luxury" developments. I knew something was "wrong" somewhere, but I thought I must be going a bit mad, as only one other person I knew could see the problem, back in 2005! Others were taking out galactic mortgages... Not sure how I found HPC, but what an eye-opener! Quote Link to comment Share on other sites More sharing options...
Wait & See Posted July 31, 2008 Share Posted July 31, 2008 We all know now that the falls will be much larger - I'd say 80k - 100k or more wiped off come 2010. Quote Link to comment Share on other sites More sharing options...
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