Monday, January 28, 2008

Finally the media agree with what we’ve been saying for years

Great news! House prices are down

It is clear now that the housing market has peaked and has begun to fall over the past few months. But, rather than fearing price falls as the beginning of the housing market's equivalent of foot and mouth disease, they should be welcomed. A sharp correction is needed. This will hit owners who have bought in the past couple of years - who could face negative equity - but it may be a necessary cost.

Posted by drewster @ 02:14 AM (833 views)
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4 thoughts on “Finally the media agree with what we’ve been saying for years

  • This trend will probably continue for 5 – 10 years

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  • In this article, the media journalist agrees, but how they tell the punters is another matter.

    Other parts of the Times website are reflecting on value added by buying properties, doing them up, and “moving up the ladder”, surely it’s time to warn people that the ladder could slip?

    Lots of painful comments from EA’s on other Times pages. One mustn’t forget that advertising revenue drives this part of the media… and some EA’s are desparate for sales.

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  • Isitallfallingdown says:

    No, hpwathcher, this trend will continue for 10-15 years, could even be 15.25- 23.90 years! It could even be a lost century.

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  • It took some time but they now see the light.

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