Tony Posted October 7, 2011 Share Posted October 7, 2011 Very true Cyclone, even the banks didn't know that they would be paralysed when I made that prediction. Gordon's overnight bailout didn't come for another six months. But, the market will always trump knee-jerk sentiment, and that's why the remainder of the prediction was accurate. Link to comment Share on other sites More sharing options...
donkey Posted October 7, 2011 Share Posted October 7, 2011 Yep, did you? With the exception of a wholly unexpectedly paralysed mortgage market, if you had taken my advice in early 2008 you would have been onto a winner on every single point. http://www.communities.gov.uk/documents/statistics/pdf/1637517.pdf I can take a donkey to water, but I can't make it drink. The biref blip of house price increases at that time was - as well you must know - largely as a result of panic buying due to the diminishing availability of mortgages. You said steady growth. The vast majority of people who bought at that time would not get the same price for their houses now in real terms. The only people who could possibly have profited where those who bouight for cash and sold on almost immediately. This donkey knows when the water has bull poo in it. Link to comment Share on other sites More sharing options...
Tony Posted October 7, 2011 Share Posted October 7, 2011 As much as I like to hear your thoughts and opinions because it help me to form my own, I rely on facts. You obviously didn't look at the report in the link that I provided, but the graph on P2 should interest you. http://www.communities.gov.uk/docume...df/1637517.pdf Link to comment Share on other sites More sharing options...
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