Pound to Dollar

[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