House prices up in Jan
06 February 2009, 08:16 PM
#31
Scooby Regular
Join Date: Jan 2001
Posts: 5,582
Likes: 0
Received 0 Likes
on
0 Posts
lol! Look at the stats from the last house price crash in the early 90's - prices fell for something like 3 years straight overall, but there was never more than 6 months of monthly falls without an increase.
The house price crash is still near the beginning as we're only now starting to see mass redundancies which will result in forced sales, and sharper price falls.
Why is it good news?! Prices are hugely inflated, and returning to the 'norm' (ie worth about 3.5 x average salary, down from over 6 x currently) can only be a good thing!
The house price crash is still near the beginning as we're only now starting to see mass redundancies which will result in forced sales, and sharper price falls.
Why is it good news?! Prices are hugely inflated, and returning to the 'norm' (ie worth about 3.5 x average salary, down from over 6 x currently) can only be a good thing!
06 February 2009, 09:51 PM
#32
Scooby Regular
Join Date: Sep 2007
Location: Essex scooby less crew :(
Posts: 1,095
Likes: 0
Received 0 Likes
on
0 Posts
Did house prices rise or fall in January 
House Prices Fell By 1.3 Percent Over January According To Nationwide Figures | Business | Sky News
House Prices Fell By 1.3 Percent Over January According To Nationwide Figures | Business | Sky News
Thread
Thread Starter
Forum
Replies
Last Post