Thursday, September 9, 2010

Bear Food

Britons to 'lose average salary' off home

Britons will lose the equivalent of a typical annual salary off the value of their home by the end of next year, new figures reveal... Economists warn the gloomy economic outlook and the reluctance of banks to lend money will push prices even lower, leading to a second house price crash. It comes as the latest house price index from Nationwide reported typical values dropping 0.9 per cent in August... He forecasts property prices will drop 5 per cent this year and a further 10 per cent in 2011. It means a typical property costing £163,500 at the beginning of the year will lose almost £23,000 by the end of next year.

Posted by mark wadsworth @ 02:27 PM (4301 views)
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7 thoughts on “Bear Food

  • Britons ‘WILL LOSE’………….So the forecast is infallible? A forecast is a guesstimate and this sort of arrogant reporting is equally ignorant whatever direction the dart throwing monkeys predict.

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  • Typo in the headline. It should read “Homeowners to lose…”. I am a Briton, but I rent, so I won’t lose a penny.

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  • landofconfusion says:

    “I am a Briton, but I rent, so I won’t lose a penny.”

    Yes but you rent and so you’re an irrelevance.

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  • I’d rather be an irrelevance than drowning in debt!

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  • So the average house comes down to 6 times average salary from 7 times average salary.
    WOOO HOOO

    I guess it’s a start but could really do with things fallling a tad faster if that could be arranged.

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  • timmy t @ 2

    The headline should read “Homedebtors to lose…”.

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  • Home and a loan.

    Lonely Thomas will be left, locked in the debtroom, screaming obscenities from within the tiny double glazed roof window

    from where he used to look and dream of world domination and the letting of greater galaxies.

    Ding, dong!

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