90% chance that house prices won't crash

[King Cnvt]

http://news.bbc.co.uk/1/hi/business/7000598.stm

There is a one in 10 chance of a 1990s-style housing market crash in the UK, according the Royal Institution of Chartered Surveyors (Rics).

Sounds like a signal to buy buy buy to me.

[beaker]

And 20% chance of a 10% drop. I've noticed asking prices in my area have been getting lower and the same properties are on the market for a while.

One flat I've had my eye on started at 295K, now it's 280K - thinking of putting an offer in at under 250K

[shaunbhoy]

One flat I've had my eye on started at 295K, now it's 280K - thinking of putting an offer in at under 250K

Great idea, you'll be able to go on renting whilst your offer gets bounced!!

[AlfredJPruffock]

The chances of anything coming from Mars - are a million to one he said.

But still - they come ...

[sunnysan]

1 in 10

Whose @rse did they pull that figure out of.

Its all in the words , "1990s style crash". So if it all goes tits up like never before they will turn around and say that the crash is not like the 1990's

[beaker]

Great idea, you'll be able to go on renting whilst your offer gets bounced!!

Umm... I take it you're being sarcastic here...?

[shaunbhoy]

Umm... I take it you're being sarcastic here...?

Sarcastic?? Moi??

[beaker]

Sarcastic?? Moi??

Hey, it's worth a try

I might even get a bargain