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Singing Pig » Property Investment Forum » Property Market Discussion » House price crash predictions are premature - Nationwide

    

House price crash predictions are premature - Nationwide

Last post 02 Aug 2008, 8:58 AM by rc169. 40 replies.
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  •  31 May 2008, 8:18 AM 505018 in reply to 504941

    Re: House price crash predictions are premature - Nationwide

    speedy .... are you serious?  capital economics have the worst prediction record ever seen?!!
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  •  31 May 2008, 10:00 AM 505096 in reply to 505018

    Re: House price crash predictions are premature - Nationwide

    I think you will find capitals predictions are about to be proved right on the mark.  Question was timing.

  •  31 May 2008, 11:48 AM 505166 in reply to 505096

    Re: House price crash predictions are premature - Nationwide

    how impressive ......! 

     

    "at some point in the future, houses will fall in value"

    WOW!  Genius!

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  •  31 May 2008, 12:52 PM 505193 in reply to 505166

    Re: House price crash predictions are premature - Nationwide

    It's closer to the mark than "we predict prices will rise 5% in 2008" (said in the latter half of 2007 by Fionnula). She lost all credibility when she was unable to see the big elephant in the room staring right into her lying (or just plain ignorant) eyes. 

    As an interesting aside, I just discovered that if you type "fionnula 6% rise nationwide" into google this is the top result!! Everyone watch your language :)

     
    -----

    £173,583

    Average house price today

    £8,000

    The average price fall since the same time last year

    12 per cent

    The three-month annualised rate of decline

     

  •  31 May 2008, 8:54 PM 505487 in reply to 505193

    Re: House price crash predictions are premature - Nationwide

    you can't be serious?  capital ecomomics have consistently called the market wrong ... fo years.  are you telling me they predicted the credit crunch?  get real.  
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  •  01 Jun 2008, 12:20 AM 505584 in reply to 505166

    Re: House price crash predictions are premature - Nationwide

    Pod:

    how impressive ......! 

     

    "at some point in the future, houses will fall in value"

    WOW!  Genius!

    It was obvious it was going to happen.  It should of been in Aug 2005, however they had that sudden interest rate cut providing false confidence. Also the banks lent even more stupid multiples.  So the crash was delayed by 2 years.

     

    Its the people who have spent all the paper equity that are going to be in deep pooh. ie equity release for buy to let or cars/holidays.

  •  01 Jun 2008, 12:21 AM 505588 in reply to 505487

    Re: House price crash predictions are premature - Nationwide

    OK Pod you win. Capital Economics are useless and Nationwide have accurately predicted the coming year just like they did when they predicted +5% gains this year.

    The IMF, HSBC, George Soros, Mervyn King, and indeed even the governments' (leaked) figures have all got it wrong with their overly pessimistic predictions

     -----

    £173,583

    Average house price today

    £8,000

    The average price fall since the same time last year

    12 per cent

    The three-month annualised rate of decline

     

     

  •  01 Jun 2008, 10:39 AM 505738 in reply to 505588

    Re: House price crash predictions are premature - Nationwide

    SpeedyThing:
    OK Pod you win. Capital Economics are useless and Nationwide have accurately predicted the coming year just like they did when they predicted +5% gains this year. The IMF, HSBC, George Soros, Mervyn King, and indeed even the governments' (leaked) figures have all got it wrong with their overly pessimistic predictions -----£173,583Average house price today£8,000The average price fall since the same time last year12 per centThe three-month annualised rate of decline  
    *chuckle* .... nice one speedy!  in fairness, i simply said that CE have a poor prediction record ... even you wouldn;t deny that. i didn;t say nationwide have accurately predicted either.  the point of the original post is to show that there are a whole range of views out there ... but many HPC-types simply focus on the ones that suit their view ... and dismiss the rest.  and i don;t think mervyn has predicted a 30% HPC ...  
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