Crash in house prices

[DimPrawn]

http://www.housepricecrash.co.uk/gra...d/homepage.png

Not what I'd call the end of the world is it?

Boomed!

[Xenophon]

Yay!

[ThomasSoerensen]

based on this it looks like it will bottom out at just under 100K. Just a few months to wait.

[HairyArsedBloke]

They are having problems shifting this one.

Reduced from £4,000,000 for a quick sale.

Knock 12.5% off - still no takers.

[Bob Dalek]

That graph's very interesting. Even when the poo hit the fan, things picked up pretty quickly, and overall trend is up, up, up!

A lot of the current Doomed pap in the papers, etc., is just tired and emotional journos going for the easy Doomed story.

[Francko]

They are having problems shifting this one.



Knock 12.5% off - still no takers.

It could have costed 100000. If only it was in Swindon.

[Bob Dalek]

£3.5M and yet overlooked by the neighbours!

[tim123]

That graph's very interesting. Even when the poo hit the fan, things picked up pretty quickly, and overall trend is up, up, up!
.

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

[Cyberman]

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

The chart shows that property prices are not always one-way in the short-term, but in the long-term they are definitely one-way, and that is UP !!!

[VectraMan]

The chart shows that property prices are not always one-way in the short-term, but in the long-term they are definitely one-way, and that is UP !!!

Yep. But that only helps you if you buy at or below the long term trend (i.e. the red line). Even if we had a long slow return to the red line rather than a crash, you'd still not likely beat inflation. So anybody who owns anything now can only lose. Boomed!