ravedave Posted October 27, 2008 Share Posted October 27, 2008 http://news.bbc.co.uk/1/hi/business/7692814.stm Prices are expected to be broadly flat in 2010, before rising by about 20% during 2011 and 2012, the CEBR forecasts. Does that not sound like groundhog day all over again? Quote Link to comment Share on other sites More sharing options...
shipbuilder Posted October 27, 2008 Share Posted October 27, 2008 (edited) These people are dangerous idiots in complete denial. Thank god for this crash, HPC and other sites like it. Without this happening I could be, along with the majority, simply accepting this utter cr*p. Rises of 20% odd over a few years caused the global economic meltdown we are facing and these people think it will happen again in a few years? With money from where? The simple fact is that level of house prices= level of credit availability, no matter what other factors there are. Given that recent availability could only happen because of borrowing on the money markets and risk avoidance via packaging of debt, neither of which will happen again to the same extent, we are looking at real prices/values 'rolling back' at least 5 years, to when lending was still based on sound banking principles. This is 100% guaranteed as far as I am concerned. Scarily, though, that doesn't stop them being right about nominal prices. Edited October 27, 2008 by shipbuilder Quote Link to comment Share on other sites More sharing options...
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