PDA

View Full Version : V shaped recovery



DimPrawn
8th July 2009, 11:39
http://newsimg.bbc.co.uk/media/images/46025000/gif/_46025837_house_prices_08_jul09.gif

Boomed!

Since the state of the economy is related to the price of your house, I hereby declare the recession well and truly over.

BoredBloke
8th July 2009, 12:05
I don't see it like that - if I'm reading that graph correctly.

Using the blue line The value for june is a -9% drop on the year before which was a -8% drop on the year before. The fact is, that the rate of decline as a percentage is not as great as it once was, but it's still in decline.

Clippy
8th July 2009, 13:09
http://newsimg.bbc.co.uk/media/images/46025000/gif/_46025837_house_prices_08_jul09.gif

Boomed!

Since the state of the economy is related to the price of your house, I hereby declare the recession well and truly over.

FFS, give it a rest - your fookin' worse than atw ever was!

DimPrawn
8th July 2009, 13:10
FFS, give it a rest - your fookin' worse than atw ever was!

Sorry, who the **** are you?

pzz76077
8th July 2009, 13:13
http://newsimg.bbc.co.uk/media/images/46025000/gif/_46025837_house_prices_08_jul09.gif

Boomed!

Since the state of the economy is related to the price of your house, I hereby declare the recession well and truly over.

The UK economy was not based on the price of anyones house, it was based on the ability of a person to obtain credit to buy a house and that this encouraged people to continually move house thus creating an artificial market. Neither of these features are present in the market currently so prices will decline or remain relatively flat until something changes.

PZZ

Clippy
8th July 2009, 13:14
Sorry, who the **** are you?

Not a deluded little man in a terraced house in Swindon who claims to be a millionaire.

HTH.

ace00
8th July 2009, 13:14
What do you think happens when interest rates rise? Be afraid.

DimPrawn
8th July 2009, 13:20
Not a deluded little man in a terraced house in Swindon who claims to be a millionaire.

HTH.

You sound like a green eyed little tosspot living in debt.

:laugh

wurzel
8th July 2009, 13:26
Prices down 0.5% in June according to the Halifax....

Link (http://www.telegraph.co.uk/finance/economics/houseprices/5775896/UK-house-prices-fall-0.5pc-in-June.html)

Clippy
8th July 2009, 13:29
You sound like a green eyed little tosspot living in debt.

:laugh

Far from it.

What's your motto again: This time next year Rodders. :rollin:

MrMark
8th July 2009, 15:05
:banana::banana::banana:We're in the money :banana::banana::banana:

Happy days are here again :banana::banana::yay::banana::banana:

MrMark
8th July 2009, 15:06
Or maybe not. :mad

Menelaus
8th July 2009, 15:08
Suffice to say, far from being a V (which most boom:busts aren't) this is almost certainly a W. Sorry chaps and chapettes.

In fact - so certain am I that this is a W- I will donate £20* to a charity of my choice if this does turn out to be a V.








* I already donate >£20 a month to charity anyway :D