House prices 'could fall by further 55 per cent'

[Cyberman]

BTLs can fall 80% from stupidly high levels, just the same as shares will during this depression, because they were bought on the same principle of shares on the rise, without any thought to sustainability, but purely for profit.
However, larger properties that are not 'ten a penny' will not fall by this amount at all. I predicted an AVERAGE 30% drop throughout the market, and I will stick to that now that demand is picking up.

[Foxy Moron]

Which Average?

[Cyberman]

Which Average?

Average of the housing market as a whole throughout the country.

[Foxy Moron]

Yes but which Average?

[DimPrawn]

Yes but which Average?

What do you Mean?

[Doggy Styles]

What do you Mean?

I think he's in awkward Mode

[Sysman]

If so, why is every home called "a great investment" and living there is all about "adding value".?

A story about selling my first house. The estate agent was moaning at me that I "hadn't done anything" to my house. Well no, I hadn't lashed out on double glazing, new central heating, new kitchen and bathroom, a garage etc, but when I compared it with the house half a dozen doors away who had done all that, they probably hadn't made a penny on their "added value". Granted, they'd had the use of the extras and their's sold in days where mine took a couple of months, but quids in they were not.