Saturday, December 20, 2008
Knowing when to keep your mouth shut
Lenders ditch house price predictions
Volatility is the excuse for abandoning their forecasts, but is it because they cannot bear to predict big falls, or that they are always wrong anyway?
Posted by letthemfall @ 01:49 PM (1172 views)
2 thoughts on “Knowing when to keep your mouth shut”
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str 2007 says:
Well perhaps we should have our own annual and biggest monthly recorded fall prediction then.
I’ll go biggest monthly (admitted to) as 3.7%.
I’ll go 22.5% Year on Year fall as an average of Halifax and Nationwide.
Davros says:
What’s volatile?? It’s been falling for 12 months at roughly the same amount each month. It’s a straight line for
crying out loud.
House price falls are a self fulfilling prophecy I’m afraid, although they won’t admit that.