House prices: 50% falls before fair value

[Turion]

Recent house price falls represent just a fraction of the potential 50% downside shown when growth is measured against historical data stretching back almost 60 years.

Health warning: If you are highly mortgaged, or have recently bought property, reading this article could seriously damage your health

http://www.citywire.co.uk/adviser/-/...2949&ea=118560

[NoddY]

Recent house price falls represent just a fraction of the potential 50% downside shown when growth is measured against historical data stretching back almost 60 years.

Health warning: If you are highly mortgaged, or have recently bought property, reading this article could seriously damage your health

http://www.citywire.co.uk/adviser/-/...2949&ea=118560

They've already fallen 15% in 6 months.

[gingerjedi]

Recent house price falls represent just a fraction of the potential 50% downside shown when growth is measured against historical data stretching back almost 60 years.

How many people owned their own home 60 years ago? This data is worthless as it doesn't consider certain trends such as population growth and relative affluence.

According to a local news report a few nights ago house prices haven't fallen in my area of the south west.

[Turion]

How many people owned their own home 60 years ago? This data is worthless as it doesn't consider certain trends such as population growth and relative affluence.

OK, I take it all back then, cos it's different this time

No, actually I don't because all investment bubbles eventually burst. Housing became the must do investment fad, and it's starting to deflate.

[gingerjedi]

http://www.nationwide.co.uk/hpi/calculator.asp

If you use this crude calculator it seems Northern Ireland accounts for the biggest falls (-12% compared to UK average of -2.5% which includes NI) but if you compare prices from 8 years ago Northern Ireland had by far the biggest gains in the first place.

When mortgages and investments are sold there is a government warning they carry which states rates can go down as well as up and historical data cannot be relied upon, yes it is very different from 60 years ago.

[51st State]

Recent house price falls represent just a fraction of the potential 50% downside shown when growth is measured against historical data stretching back almost 60 years.

Health warning: If you are highly mortgaged, or have recently bought property, reading this article could seriously damage your health

http://www.citywire.co.uk/adviser/-/...2949&ea=118560

What a one track, one trick pony nobhead you really are. YAWN.

[Diver]

Recent house price falls represent just a fraction of the potential 50% downside shown when growth is measured against historical data stretching back almost 60 years.

Health warning: If you are highly mortgaged, or have recently bought property, reading this article could seriously damage your health

http://www.citywire.co.uk/adviser/-/...2949&ea=118560

It's okay Turion, you're safe aren't you. renting a dingy basement bedsit.

>YAWN<

[Bagpuss]

How many people owned their own home 60 years ago? This data is worthless as it doesn't consider certain trends such as population growth and relative affluence.

60 years maybe, but 70s-now is pretty representative of things. I'd say the graph shows we have pretty good predictor of house price trends, and it links up well to the economic cycle. When the recession hits there is no way house prices won't significantly fall, especially, as we can now also see, many immigrants will leave in a downturn.

[bogeyman]

Turion lives in a coucil house

Turion,

Your posting history clearly illustrates that you have a deep and abiding loathing for anyone who actually owns property.

I own several properties, have no mortgages, and receive a modest income from them.

So what's your problem?

Are you some sort of socialist who would have my property confiscated for the good of the state?

[DimPrawn]

Turion,

Your posting history clearly illustrates that you have a deep and abiding loathing for anyone who actually owns property.

I own several properties, have no mortgages, and receive a modest income from them.

So what's your problem?

Are you some sort of socialist who would have my property confiscated for the good of the state?

You look like a commie to me comrade.