Member100 Posted October 23, 2010 Report Share Posted October 23, 2010 I saw DrBubb's posting on SP, and it was funny to read that they thought he was "a visitor from HPC, winding them up". Kevin Reeves : "Interesting to see a HPC poster on here! You on for the wind up DrBub? There is no hard and fast rule that can be used for the UK Market, the UK market is really now a set of sub-markets with prices plummeting in some areas and rising in others. In Sleaford, Lincs for example getting a sale at all is damn near impossible regardless of the price, go twenty minutes down the road to Newark and houses are selling fast and prices are rising slightly. To generalise and say that prices are on the verge of plummeting into the abyss is absurd and makes you sound like a real amatuer in the property world, basing your argument on mainstream facts and figures is also pointless and these are only really indices and none are truly representative of the market." Dr Bubb : If you read HPC, you may know that I do not post there anymore. If if you want to find my historical forecasts, you may need to visit sites like: Global Property Cycles (dotcom) or even look around on SP itself. I would be interested in hearing your logic for why HOUSE PRICES WILL NOT FALL. I see plenty of evidence that this is happening. The recent 3.6% falling reported in one of the most widely followed indices is a fairly clear signal that market sentiment is turning fast. I am expecting falls averaging 0.5-1.0% per month over maybe 2-3 years. And the slide could be faster than that. BTL investors have benefitted from lower interest rates, rising rents, and rising capital values since the BofE panicked and cut rates in late 2008/ early 2009. All three of those favorable factors may be about to reverse. And so, if I was a BTL investor in the UK I would be "lightening up" aggressively, and getting out of debt. In fact, I have done so with my own BTL portfolio in HK, and am now "long cash", and awaiting better opportunities. NO INDICES ARE TRULY REPRESENTATIVE of the market? Then what do they represent? Prices on the planet Mars? I think you need to be careful. When there is money at stake, it is easy to delude yourself. ### Is Bubb inviting SP posters to come to GPC ? Link to comment Share on other sites More sharing options...
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