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3 Million Homes Worth Less Than They Were Bought For..eek!

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Ha ha. They have to find a 25% deposit so cut stamp duty?

That Ed Stansfied (35% off the peak in 3years) sounds a bit like a certain HPC "spokesperson".

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Ha ha. They have to find a 25% deposit so cut stamp duty?

That Ed Stansfied (35% off the peak in 3years) sounds a bit like a certain HPC "spokesperson".

in their recent report they reckoned it would take 25 years for prices to reach the peak of Aug 2007 :blink: 25 fukcin years, Wow!! They've grown a set of balls lately, around 2005 they were very bearish, but they kept getting shouted down in the meeja so kept their heads down and licked their wounds, they're 'going for it' now though...

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in their recent report they reckoned it would take 25 years for prices to reach the peak of Aug 2007

I think that means they are just predicting mean reversion in the house price to income ratio. (~half current levels)

3% wage inflation would do that.

VMR.

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I wonder why the ACCA are putting their oar in to this? They are moppets of the first water and care not for the law (why else build a penthouse flat for your Chief Exec atop your offices in Lincoln's Inn Fields without bothering with planning permission...).

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in their recent report they reckoned it would take 25 years for prices to reach the peak of Aug 2007 :blink: 25 fukcin years, Wow!! They've grown a set of balls lately, around 2005 they were very bearish, but they kept getting shouted down in the meeja so kept their heads down and licked their wounds, they're 'going for it' now though...

They more or less said the same thing about dot.con shares and have so far been prooved right IIRC.

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in their recent report they reckoned it would take 25 years for prices to reach the peak of Aug 2007 :blink: 25 fukcin years, Wow!! They've grown a set of balls lately, around 2005 they were very bearish, but they kept getting shouted down in the meeja so kept their heads down and licked their wounds, they're 'going for it' now though...

If you look at the last CRASH with 3 years of BOOM ending in 1988, it took 10 years until 1998 for prices to get back to their 1988 levels . So after 10 years of BOOM, 25 years sounds realistic. Though the difference this time prices are dropping alot faster and quicker.

Edited by joey

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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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