Friday, July 31, 2009

Prices Could Do Anything but they still need to fall

UK House Price Rise in July Largely Irrelevant

So the fact that prices are currently going up is largely irrelevant in the grand scheme of things. In the volatile world we currently live anything could happen to prices from now forward. Prices might even continue growing for some time, but if they do then mark my words, there will be another major correction before 2015.

Posted by problem pete @ 03:03 PM (264 views)
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2 thoughts on “Prices Could Do Anything but they still need to fall

  • John Squire says:

    House price increases or decreases are very rarely linear. At the moment some people think that prices have come down 15% so they are getting a bargain, other people will stil think the prices are too expensive even if they come down 50%. There is also the cheap morgage rates, only problem is it will not take until 2015 to turn this around.
    Scaenarios for 2009/10 Economy bounces around near zero grouth= house prices flutuate but no real increase or decrease
    Economy recovers house prices go up= interest rates go up= house prices go down
    Economy collapses 4 million unemployed buy to leters don’t get paid hence flee= the mother of all house price cllapses

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  • “So the fact that prices are currently going up is largely irrelevant in the grand scheme of things. In the volatile world we currently live anything could happen to prices from now forward. Prices might even continue growing for some time, but if they do then mark my words, there will be another major correction before 2015.”

    2015 will be the year the tories are up for re-election… you can be assured they will have made sure houseprices have bottomed before this so that they can go on the campaign trail claiming they economy and houseprices are on the up.

    My call is 2014 for HPC to bottom out… 5yrs to go chaps.

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