500,000 jobs to go by year-end

[fatboy b]

Apologies for linking to the Daily Mail, but crickey!

[Fivepercent]

As ever the Daily Mail are doing their best to get middle England pooing its collective self.

However.
At the beginning of the year I thought a 40% drop in house prices was on the cards.
Now I don't think it will stop there.
Especially newish aspirational houses and city centre apartments.
There are going to be so many distress sales with no buyers that it is going to drag the whole market down well past the 50% drop.
We have at least two long, cold, doom laden winters ahead of us.

If you have any assets to sell then bail out now. They may be down on their peak value but they still have a long way to fall.

[Silver993tt]

Fivepercent said:

As ever the Daily Mail are doing their best to get middle England pooing its collective self.

However.
At the beginning of the year I thought a 40% drop in house prices was on the cards.
Now I don't think it will stop there.
Especially newish aspirational houses and city centre apartments.
There are going to be so many distress sales with no buyers that it is going to drag the whole market down well past the 50% drop.
We have at least two long, cold, doom laden winters ahead of us.

If you have any assets to sell then bail out now. They may be down on their peak value but they still have a long way to fall.

nah, I think property prices will fall by 100% now

[Jasandjules]

Do I hear 200? 300?

They will fall by a bit, but they will soon recover because demand outstrips supply - we have more people entering this country than leaving it (though Mr Brown is doing his best to ensure the Brits all get so p***ed off that they leave)...

[2something]

Silver993tt said:

Fivepercent said:

As ever the Daily Mail are doing their best to get middle England pooing its collective self.

However.
At the beginning of the year I thought a 40% drop in house prices was on the cards.
Now I don't think it will stop there.
Especially newish aspirational houses and city centre apartments.
There are going to be so many distress sales with no buyers that it is going to drag the whole market down well past the 50% drop.
We have at least two long, cold, doom laden winters ahead of us.

If you have any assets to sell then bail out now. They may be down on their peak value but they still have a long way to fall.

nah, I think property prices will fall by 100% now

You forget to mention putting it all into gold

[NoelWatson]

Jasandjules said:

Do I hear 200? 300?

They will fall by a bit, but they will soon recover because demand outstrips supply - we have more people entering this country than leaving it (though Mr Brown is doing his best to ensure the Brits all get so p***ed off that they leave)...

And the people entering this country are cash buyers?

[Skipppy]

NoelWatson said:

Jasandjules said:

Do I hear 200? 300?

They will fall by a bit, but they will soon recover because demand outstrips supply - we have more people entering this country than leaving it (though Mr Brown is doing his best to ensure the Brits all get so p***ed off that they leave)...

And the people entering this country are cash buyers?

Agreed, no one can just waltz into the UK with no financial history here and expect to be given a mortgage. Rents are soaring too. We are heading for recession which i would have thought would put people off trying to come here for work.

[quyen]

Skipppy said:

Rents are soaring too.

At least the BTL market won't collapse then

[Landlord]

Article Title said:

Britain IS in recession and 500,000 will lose their job by the end of the year, CBI warns

A mere two paragraphs later said:

The business lobby group will also claim an extra 500,000 workers could lose their jobs by the end of next year

I fking HATE this kind of journalism. They're s, IMO. As are the public for taking it all at face value.

[Silver993tt]

Landlord said:

Article Title said:

Britain IS in recession and 500,000 will lose their job by the end of the year, CBI warns

A mere two paragraphs later said:

The business lobby group will also claim an extra 500,000 workers could lose their jobs by the end of next year

I fking HATE this kind of journalism. They're s, IMO. As are the public for taking it all at face value.

Well, the media will exaggerate any kind of news and that's what they love to do to get their ratings. You'll also see quite a few people on here who love to talk down things like the property market because they don't own any and have missed out on huge profits (potential or realised) over the last 10-15 years. All I can say is that these people certainly are deluded if they think that their opinions will make the slightest difference in any of this.

Still, it provides some entertainment when I'm having a cup of tea

[trooperiziz]

Fivepercent said:

As ever the Daily Mail are doing their best to get middle England pooing its collective self.

However.
At the beginning of the year I thought a 40% drop in house prices was on the cards.
Now I don't think it will stop there.
Especially newish aspirational houses and city centre apartments.
There are going to be so many distress sales with no buyers that it is going to drag the whole market down well past the 50% drop.
We have at least two long, cold, doom laden winters ahead of us.

If you have any assets to sell then bail out now. They may be down on their peak value but they still have a long way to fall.

I've got a funny feeling we've heard from you before