Originally posted by Testin da Cable
We exchanged some thoughts on the pricing of houses a couple of threads ago. Ananova has run an article about some stuff Halifax has dreamed up. There are some numbers in there that may be of interest to some.
Originally posted by Testin da Cable
the rest are just watching it seems
94
Originally posted by Shocko
Actually, logic dictates that house prices will stop going up, and porberbly go down again, very soon.
Put it this way: Everyone who's thinking about buying, knows that the prices must go down at some point, and the most mentioned time frame is about 1 year. Now, because people are expecting the prices to go down so soon, no-one* in there right mind is actually going to buy a house now.
Of course if people stop buying houses, then the prices will drop, hence the rumours on when the prices will drop are making a drop in prices even more likely
*Unless they know something about the state of the market, that suggests houses won't drop.