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December 11 2018 2.11pm

The Great London House-Price Softening

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 06 Dec 18 3.20pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

Originally posted by Lyons550

3% !!! Is that it? I thought you mentioned a CRASH? Back up your doom mongering with a sensible CRASH like figure and i'm in

the 1989 crash lasted for seven years. 3% per year, compound. You do the maths. For a One Million quid house, that will be a wheelbarrow full of cash.

 


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View Lyons550's Profile Lyons550 Flag Shirley 06 Dec 18 3.35pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by PalazioVecchio

the 1989 crash lasted for seven years. 3% per year, compound. You do the maths. For a One Million quid house, that will be a wheelbarrow full of cash.


But its expected that there will be a drop over the next 2 to 3 years as a result of Brexit anyway. Blimey i mentioned this on here last year!

I thought you were telling us something that wasn't already common thought. Also using London (the most over inflated sector) is an easy win....disappointing

If TUX's theory about global economics is also at play then 3% over a 12mnth period doesn't cut it for me.

Now if you said over the next 2 years i'd expect the average house price across Greater Londonwas to fall by -15% then I'd be listening.


Edited by Lyons550 (06 Dec 2018 3.36pm)

 


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View .TUX.'s Profile .TUX. Flag 06 Dec 18 7.55pm Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by the.universal

Come on TUX, letís have another charity bet for next year, name your metric!

I've already cancelled Christmas due to you bud, i have nothing left to give

Edited by .TUX. (06 Dec 2018 7.56pm)

 


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View .TUX.'s Profile .TUX. Flag 06 Dec 18 8.02pm Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by Lyons550


But its expected that there will be a drop over the next 2 to 3 years as a result of Brexit anyway. Blimey i mentioned this on here last year!

I thought you were telling us something that wasn't already common thought. Also using London (the most over inflated sector) is an easy win....disappointing

If TUX's theory about global economics is also at play then 3% over a 12mnth period doesn't cut it for me.

Now if you said over the next 2 years i'd expect the average house price across Greater Londonwas to fall by -15% then I'd be listening.


Edited by Lyons550 (06 Dec 2018 3.36pm)

Rising wedges, inverted yield curves, the list goes on and on.
This bubble is looking for a pin.

 


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View PalazioVecchio's Profile PalazioVecchio Flag south pole 07 Dec 18 12.21am Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

Originally posted by .TUX.

Rising wedges, inverted yield curves, the list goes on and on.
This bubble is looking for a pin.

look at the data link of prices i posted above.

1989 to 1993....£63,000 down to £50,000

that is a price drop of nearly 21 %. It cost the PM her job. I can clearly remember a whole generation locked into negative equity.

 


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View the.universal's Profile the.universal 07 Dec 18 12.22am Send a Private Message to the.universal Add the.universal as a friend

Originally posted by .TUX.

I've already cancelled Christmas due to you bud, i have nothing left to give

Edited by .TUX. (06 Dec 2018 7.56pm)

Thatís all good mate, no worries on paying out (assuming I win) if thatís a stretch. More of a gentlemanís bet really. Double or quits?

 


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