Reply To: 50% price falls in UK are actually possible…

jwc wrote:
What makes people think that the ones that write reports etc should be listened to? They know little more that anyone who is interested in the market and are just guessing the same as the man in the street, although granted it is a calculated guess. Sure some will get it right. As for saying that the UK market will fall 50% well that is not even good enough for toilet paper!

The history usually repeats itself. The house prices usually go on a trend and the increase is usually a bit more than the rate of inflation.

The house price tripled in UK in 10 years, in order to go back to the trend they NEED to decrease by 50%.

The question is: is it different this time such that the trend story becomes obsolete?

The man on the street does not know much abouyt trends and very little about graphs and mathematics.

It is very risky to say that mathematics and history are not even good enough for toilet paper…