Wednesday, January 23, 2008

A MWAHAHAHAHA from Mr confused76 coming up shortly

House Price Crash? What crash?!

Forecasts of doom and gloom in the property market have not been in short supply of late, both for the residential and buy-to-let sectors. This week has been no exception, but such views are far from universally held...

Posted by landedgentry @ 05:19 PM (794 views)
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6 thoughts on “A MWAHAHAHAHA from Mr confused76 coming up shortly

  • As part of her mitigating argument she says “Within ten years of the 1990s crash, prices were 30 per cent higher than the peak of boom” however I don’t think this is much to get excited about. Firstly, 30% over ten years only works out at 3% a year and that’s ignoring inflation and compounding presumably. Secondly, why would any BTL investor want to invest in a depreciating asset when they could get much better returns in safer havens, avoid all the lean years and then think about jumping back into property once prices have finally bottomed out.

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  • areed – its the most ridiculous argument “in it for the long term” yeah so lets blow £50,000 over the next 4 years – we’ll recover it in the next 6 !!! why not wait 4 years and buy then ??? oh right …. didnt think of that !

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  • Excellent – Really should have their own show !!!!!

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  • MWAU UA A HA HAH HAHA HHA HA HAHHA HA HA HAHAH
    is in order

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  • David Smith's Sub Prime. . . says:

    Isn’t that cumulative (i.e. compound interest)? Hence the fiugre is LESS than 3% keh?

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  • To go along with Becky the other important point is that all the growth occurred in years seven to ten.
    Look at the graph on the home page and work out what prices were like after seven years.

    To add some real figures I couldn’t sell my house at a 20% loss (1996 best offer in four months on the market £48000,
    1999 sold for £70500 in two days).

    :- Duncan

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