Soft landing

[DimPrawn]

http://newsimg.bbc.co.uk/media/image...ices_06_06.gif

[Xenophon]

Comedy graph. It can't be accurate. Or can it...

/gulp

[DiscoStu]

I'm sure if the government were ever to release these figures this graph would have a huge horizontal stretch...

[Bagpuss]

Graph is accurate, compared to last October it's even worse.

[KentPhilip]

Prices are collapsing faster than the world trade centre...

[Moscow Mule]

Isn't it showing %age change rather than actual prices?

So in Feb 2007 houses were going up at 10% a year, and now they are going down at 4-5% a year.

It''l take a while before those years of 10%+ growth are wiped out...

[rootsnall]

That's truly impressive, send it to http://www.housepricecrash.co.uk/ , it's better than the one on their front page.

[Spacecadet]

Isn't it showing %age change rather than actual prices?

So in Feb 2007 houses were going up at 10% a year, and now they are going down at 4-5% a year.

It''l take a while before those years of 10%+ growth are wiped out...

Correct, best example I've ever seen of doom mongering

Using the same data they could have shown a graph of the average house price, wouldn't be quite as scary/news worthy then

[DimPrawn]

Isn't it showing %age change rather than actual prices?

So in Feb 2007 houses were going up at 10% a year, and now they are going down at 4-5% a year.

It''l take a while before those years of 10%+ growth are wiped out...

It is.

But the "pundits" were predicting house prices would not fall, but would stop rising, i.e. a soft landing.

Yes, they need to fall for about 5 years to become affordable, which is I suspect what they are going to do.

Boomed!

[Spacecadet]

That's truly impressive, send it to http://www.housepricecrash.co.uk/ , it's better than the one on their front page.

The guy who runs that site was on the BBC the other morning.
he's a complete cock