Crash in house prices

[scooterscot]

They are having problems shifting this one.



Knock 12.5% off - still no takers.

Is it really worth that when I can get this 10 minutes walking distance away?

Seems like a good price too -

[Bob Dalek]

So prices virtually static from 94 to 98 is "picking up very quickly" is it?

On the basis of the "90" slump, we have 4 years of falling prices and 4 further years of static prices.

We would appear to be at the same point in the graph as at 1990. From there prices next went over the "red" line in 2002.

I really can't see this slump being very different, BICBW.

tim

Read the chart: overall, about 2.4% per annum. Crap compared to a decent bank account, but lovely for some short-term time periods, less so for others.

Did you ever buy to cash-in? I never have - too risky. Proper spreading of your investments for the longer term will, almost certainly, avoid "Oh F--k!" surprises like house price falls. I salute those who made a killing, but could never take the risk myself - I'm too cowardly.