V shaped recovery underway

[DimPrawn]

http://newsimg.bbc.co.uk/media/image...s_29_may09.jpg

Who says you can't inflate a burst credit bubble?



Boomed!

[sasguru]

I'm currently looking to dip a toe back in to the property market - not sure its completely bottomed out though.
Looking for a couple of flats to buy in a decentish central area of London south of the river.

[DimPrawn]

I'm still looking.

Property coming onto the market seems no cheaper than 2007 and sells within days/weeks.

I'll guess I'll have to wait until this (bigger) bubble being blown up now pops next year and bankrupts the UK government.

[ASB]

Wonder what the graph would look like were it seasonally adjusted though.

A mate who is an estate agent is a lot busier than they were, but still having difficulty in actually doing any transactions.

[oracleslave]

I'm still looking.

[DimPrawn]

I know, it's worse than SKA news.

[sasguru]

Even by my tight standards, there are some properties coming on now (probably distress sales) that look good value.
In case this is really a sustainable V-shaped recovery (unlikely but possible), I wouldn't want to miss out, so probably will hedge by buying one flat now and keeping the rest of my powder dry till later.

[BlasterBates]

...an alternative is the stock market, particularly Asia. Japanese manufacturing jumped 5% last month, if that isn't a positive indicator I don't know what is. As one commentator pointed out, this isn't a green shoot it's a tree.

[suityou01]

I'm currently looking to dip a toe back in to the property market - not sure its completely bottomed out though.
Looking for a couple of flats to buy in a decentish central area of London south of the river.

Did you not scoff at me last week for buying a house?

[DimPrawn]

I'm only buying at a big discount. No discount, no sale.