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The Great London House-Price Softening
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 PalazioVecchio  south pole 06 Dec 18 3.20pm |
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Originally posted by Lyons550
3% !!! Is that it? I thought you mentioned a CRASH? Back up your doom mongering with a sensible CRASH like figure and i'm in the 1989 crash lasted for seven years. 3% per year, compound. You do the maths. For a One Million quid house, that will be a wheelbarrow full of cash.
Kayla did Anfield & Old Trafford |
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Lyons550  Shirley 06 Dec 18 3.35pm |
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Originally posted by PalazioVecchio
the 1989 crash lasted for seven years. 3% per year, compound. You do the maths. For a One Million quid house, that will be a wheelbarrow full of cash.
I thought you were telling us something that wasn't already common thought. Also using London (the most over inflated sector) is an easy win....disappointing If TUX's theory about global economics is also at play then 3% over a 12mnth period doesn't cut it for me. Now if you said over the next 2 years i'd expect the average house price across Greater Londonwas to fall by -15% then I'd be listening.
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| .TUX. 06 Dec 18 7.55pm |
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Originally posted by the.universal
Come on TUX, let’s have another charity bet for next year, name your metric! I've already cancelled Christmas due to you bud, i have nothing left to give Edited by .TUX. (06 Dec 2018 7.56pm)
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| .TUX. 06 Dec 18 8.02pm |
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Originally posted by Lyons550
I thought you were telling us something that wasn't already common thought. Also using London (the most over inflated sector) is an easy win....disappointing If TUX's theory about global economics is also at play then 3% over a 12mnth period doesn't cut it for me. Now if you said over the next 2 years i'd expect the average house price across Greater Londonwas to fall by -15% then I'd be listening.
Rising wedges, inverted yield curves, the list goes on and on.
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| PalazioVecchio south pole 07 Dec 18 12.21am |
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Originally posted by .TUX.
Rising wedges, inverted yield curves, the list goes on and on. look at the data link of prices i posted above. 1989 to 1993....£63,000 down to £50,000 that is a price drop of nearly 21 %. It cost the PM her job. I can clearly remember a whole generation locked into negative equity.
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| the.universal 07 Dec 18 12.22am |
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Originally posted by .TUX.
I've already cancelled Christmas due to you bud, i have nothing left to give Edited by .TUX. (06 Dec 2018 7.56pm) That’s all good mate, no worries on paying out (assuming I win) if that’s a stretch. More of a gentleman’s bet really. Double or quits?
Vive le Roy! |
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| PalazioVecchio south pole 14 Feb 19 11.13am |
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Originally posted by dreamwaverider
I sold the last of my bricks and mortar last month as I am expecting a serious slump. I am going to win my bet. The London slump is all over the property pages again today.
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| dannyboy1978 14 Feb 19 11.26am |
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Oh those poor developers rushing to finish projects to cut their losses. Win-win for the first time buyers
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| Lyons550 Shirley 14 Feb 19 3.31pm |
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Originally posted by PalazioVecchio
I am going to win my bet. The London slump is all over the property pages again today. ...but as covered a few posts up...you were never really telling us anything that wasn't common sense/knowledge...shooting fish in a barrel isn't something to get excited about; though you do clearly have an issue with the property market..
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| Tom-the-eagle Croydon 14 Feb 19 6.07pm |
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Originally posted by dannyboy1978
Oh those poor developers rushing to finish projects to cut their losses. Win-win for the first time buyers Yes its a win for first time buyers - its a lose however for first time buyers (or anyone) who has purchased within the last five years and can now no longer sell due to negative equity or can afford to rent it out due to falling rents and new tax implications on rental properties. Just like any market - there are winners and losers.
"It feels much better than it ever did, much more sensitive." John Wayne Bobbit |
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| Tom-the-eagle Croydon 14 Feb 19 6.09pm |
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Originally posted by Lyons550
...but as covered a few posts up...you were never really telling us anything that wasn't common sense/knowledge...shooting fish in a barrel isn't something to get excited about; though you do clearly have an issue with the property market.. Next he'll be telling us that the internet will take off
"It feels much better than it ever did, much more sensitive." John Wayne Bobbit |
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| ChrisGC Wantage 14 Feb 19 7.14pm |
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Originally posted by dreamwaverider
I sold the last of my bricks and mortar last month as I am expecting a serious slump. On pallets or loose?
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