Thursday, September 2, 2010

Beeb finally acknowledges the inevitable

House prices fall again in August

In a short and desultory article, the beeb finally acknowledges that property is not a one-way-bet. They'll be desperately hoping that the Halifax figures say something different.

Posted by paul @ 08:17 AM (2181 views)
Please complete the required fields.



11 thoughts on “Beeb finally acknowledges the inevitable

  • Wait until the Boss gets into work and has that junior FTBer change their headline to ‘Rate of House Price Rises soften Slightly due to Holiday Season’.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    Rejoice.

    Reply
    Please complete the required fields.



  • Biased bit of journalism here – house prices declined in the third month, to leave the quarter as “stagnant”. Had the reverse been true (ie house prices been flat through a fall at first and then a rise in the final month), no doubt the headlines would be celebrating the rise.

    Reply
    Please complete the required fields.



  • little professor says:

    Reply
    Please complete the required fields.



  • “We do not expect two months of consecutive declines to be the beginning of a sharper downward price trend. The market is simply readjusting after getting ahead of itself. The market is stabilising, not collapsing.”

    Really?

    Reply
    Please complete the required fields.



  • 3. little professor

    Could you please refrain from the misleading and tantalising practise of loading charts upside down to appease the proles.

    Houseprices have surely bottomed out and prices are heading for the stratophere once again rent boy.

    Regards, a very angry.

    Mr Rentotrap.

    Reply
    Please complete the required fields.



  • the graph looks like it is falling off a cliff

    Reply
    Please complete the required fields.



  • What an strange comment by the OP. The BBC does not finally acknowledge the house price drop, it reports when indices show a rise and reports when they show a fall. This isn’t the first time the BBC has reported a negative monthly figure from one of the market watchers (it did it last month too, so why talk as if this is a first?). Perhaps people like you should finally acknowledge that the oft-predicted massive falls never happened, and that prices have remained resilient after the rather modest falls of 2008.

    I remember being told in early 2008 by “experts” on this site that by this year the average house price would be under half their peak, oil would be at $300pb, and interest rates would rocket past 20%. I was attacked for dismissing all of these claims. Those like me who also said house prices would recover or stabilise after 2008 were mocked mercilessly and told it would be all the way down to the gutter for years and years. We were right, you were wrong.

    You can spend year after year after year making the same predictions on prices; eventually you’ll be right simply by accident. For instance, I confidently tell you now that house prices are going up 10%. And, at some point years in the future when they hit a figure 10% above the current average, I can come back here and say: “See! I was right all along! House prices are rising”.

    Reply
    Please complete the required fields.



  • dont believe it, wake me up when it happens

    Reply
    Please complete the required fields.



  • YES YES YES

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>