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Doomed - Prices down 0.9% in June
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why is this doomed?
falling house prices are a good thing for most people. I don't get upset if the price of mars bars falls. -
Originally posted by bobhope View Postwhy is this doomed?Cooking doesn't get tougher than this.Comment
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Originally posted by bobhope View Postwhy is this doomed?
falling house prices are a good thing for most people. I don't get upset if the price of mars bars falls.Confusion is a natural state of beingComment
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feckin four houses round our way now have sold signs gone up outside in the last fortnight (one of which I had my eye on for a BTL)
WTF is all the gloomHow fortunate for governments that the people they administer don't thinkComment
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Exactly... if you were to have bought 1 house at the top of the market, but then 2 houses later on at the bottom of the market (for the same price as 1), you make lots of dosh.I'm alright JackComment
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Most economists from the big investment firms think 3 years is the bottom and most are now predicting -30%. One of the UKs biggest house builders had a write down yesterday, they are in trouble. A few idiots buying at the top of the market aren't going to change the fact they are falling and have much further to go.The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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Originally posted by Troll View Postflipin four houses round our way now have sold signs gone up outside in the last fortnight (one of which I had my eye on for a BTL)
WTF is all the gloomComment
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Trouble is we haven't (yet) had the scale of redundancies usual with a recession. If we can avoid this then housing may recover in 3 years - if we do see lay offs on the scale of the 80/90's then 7 years would be more likelyHow fortunate for governments that the people they administer don't thinkComment
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Originally posted by BrilloPad View PostJust to double check - was that houses or flats? most of the gloom in flats.How fortunate for governments that the people they administer don't thinkComment
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