House prices 'to recover by 2013' House prices 'to recover by 2013'
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  1. #1

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    Default House prices 'to recover by 2013'

    http://news.bbc.co.uk/2/hi/business/7692814.stm

    House prices 'to recover by 2013'

    Look out of the window - its a pig squadron.

    After peak of 1989 - there were drops until 1992 then flat until 1995. I would be interested if anyone knows when prices hit 1989 levels but reckon it was 1998?

  2. #2

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    halifax have a xls with the prices going back that far.

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    Quote Originally Posted by BrilloPad View Post
    http://news.bbc.co.uk/2/hi/business/7692814.stm

    House prices 'to recover by 2013'

    Look out of the window - its a pig squadron.

    After peak of 1989 - there were drops until 1992 then flat until 1995. I would be interested if anyone knows when prices hit 1989 levels but reckon it was 1998?
    How many times do you have to be told:

    "It's different this time (TM)"
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    Quote Originally Posted by BigTime View Post
    halifax have a xls with the prices going back that far.
    Linky please?
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    Quote Originally Posted by sasguru View Post
    How many times do you have to be told:

    "It's different this time (TM)"
    How many times do you have to be told:

    A new, disturbing Economic Reality ...

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    Quote Originally Posted by BrilloPad View Post

    After peak of 1989 - there were drops until 1992 then flat until 1995. I would be interested if anyone knows when prices hit 1989 levels but reckon it was 1998?
    According to this graph, in real terms, not till 2002

    http://www.housepricecrash.co.uk/
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    Quote Originally Posted by sasguru View Post
    Linky please?
    http://www.google.co.uk/search?hl=en...e+Search&meta=
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  8. #8

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    Quote Originally Posted by sasguru View Post
    Linky please?
    http://www.hbosplc.com/economy/histo...preadsheet.asp

    Jun 1989 70,095
    Jan 1998 70,296
    Last edited by BigTime; 27th October 2008 at 17:01.

  9. #9

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    that was the correct response. i must be bored.

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    It's like saying a critically wounded person will recover - that may well happen, but the recovery will be from the point of death, it does not necesserily mean 100% recovery to the peak previous condition that might not be achieveable anytime soon.

    The only reason house prices might not tank big time is inflation, so on face value they might reach old valuations in 2013, however in real terms those money might not be worth as much as they used to.

    Granted, I think with commodities falling we face deflation for some time, so many of the home owners will be stuck with huge debts and inflation won't be there to help them. That's Japanese scenario basically, which means this kind of lull will last for a long time - over 10 years easy.

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