Pound to Dollar

[fred]

Now hoping that the housing price correction will pick up speed..
Possibly the best place and value for Pounds and long term capital security will be a house..
(not yet though)

[KeithD]

Possibly the best place and value for Pounds and long term capital security will be a house..
(not yet though)

Between Spet 09-Mar 10 will likely be when it bottoms out, don't listen to the 'experts' they've all got bugger all right so far!

[fred]

Between Spet 09-Mar 10 will likely be when it bottoms out, don't listen to the 'experts' they've all got bugger all right so far!

Im betting the housing market will keep heading downwards for at least 2/3 years until prices get low enough to even consider it as "bottomed out"..
You only need to look at how recent history has behaved with housing boom and bust cycles to realize that..I have a feeling that coupled with the credit crisis and the global financial problems it could be much worse this time.
I was very fortunate to be a money week subscriber back in 2006 when they urged us to sell property back then.
So glad I did now or my plans to live here would have taken a serious set back.
Not sure what view Money week hold now but I would be very interested in finding out.

[somebody]

Im betting the housing market will keep heading downwards for at least 2/3 years until prices get low enough to even consider it as "bottomed out"..
You only need to look at how recent history has behaved with housing boom and bust cycles to realize that..I have a feeling that coupled with the credit crisis and the global financial problems it could be much worse this time.
I was very fortunate to be a money week subscriber back in 2006 when they urged us to sell property back then.
So glad I did now or my plans to live here would have taken a serious set back.
Not sure what view Money week hold now but I would be very interested in finding out.

Do remeber Fred this is NOT like recent housing crisis this is the worse situation since the great depression and has the potential to be far worse due to the sheer scale of it.

As avg wages drop and banks bring in sensible lending policys this will determine the avg house price.

So yes at least 2 or 3 years untill they bottom out and they may not rise considerably for a long time. The people around here will possibly be like the generaton who remeber the great depression and very cautious and careful with money once bitten twice shy and all that.

heres your answer guv

http://www.moneyweek.com/investments...ent-15753.aspx

[somebody]

Now hoping that the housing price correction will pick up speed..
Possibly the best place and value for Pounds and long term capital security will be a house..
(not yet though)

Once they are three times or so avg wage which is going to be more like 20k-30k depending on location a year or so. So 60 to 90k so a long way to go in most areas still.

Both private and public sector the silly wages and expenses are going to disapear with the surplus of talent,skils,workers etc.

Still a lot of new and old propeties either sitting around empty or propties still being bulit or mothballed nearly complete in many areas.

Supply and demand and all that.

Look how many people buggering off to various parts of the globe both indigeous, those who been here longterm and short term as workers, students.

Trains, buses and public areas in our area seem to be much quieter than in recent years and a far higher mixed of settled people . To let signs sitting for months when before you didn't even see them.

Demand has gone down and all the supply is not being used means prices HAVE to go down further surely.

In one of the london free papers you can buy flats and house quarter share for guess what about 3 times a avg wage.