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 (1146 views)
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2 thoughts on “Knowing when to keep your mouth shut

  • 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.

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  • 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.

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