By: matthew

matthew — Fri, 10 Apr 2009 18:58:18 +0000

I assume these so called experts are also those who told us a couple of years ago that house prices were going to hit three or four hundred thousand pounds across the country? With unemployment predicted to rise, pay deals at record lows, fiscal stimulus only going so far and interest rates only to be held at their disgustingly low levels for so long, if people fall for this latest round of tripe then they are even more ignorant of the facts than I thought. Why would it be so good if house prices remained at these inflated overvalued prices? Everything must look so wonderful through those rose tinted glasses…Fact is, house prices will continue to fall to a level where people can afford to buy them…if they choose. Banks will not lend at those stupid multiples again, no matter what Gord and the other joker tell them to do….we have another 25-30% of falls to come until we get to a level where people can buy a ‘HOME’. So pack up your laminate flooring, your amatuer buy-to-let hand books, kirsty and Phill re-runs, and hop it…Spin, Spin and Spin again jokers

By: derek bilston

derek bilston — Fri, 10 Apr 2009 13:44:51 +0000

Really. Well Estate Agents always like to talk prices up. But the reality is that a depression is coming and not just for house sales. There may be some movement in the more highly sought after type of property. But most people are in a debt situation that is not just going to go away that easy.

Comments on: A mere 10% to go on UK house price falls

By: matthew

By: derek bilston