UK House Prices 2010 Part 2. Stubbornly high asking prices warn further falls ahead

[MikeOxsmells]

Seller denial: the sentiment of homeowners who were foolish enough to believe  Gordon Brown's "No more boom and bust" bullshit.

[ospTube]

Wow... we're into 2011... Havent seen much of a fall as of yet. Mby update this... or guess again. You have a 50-50 chance. Mby turn the graph upside down?

[Ashtonian54]

The longer the house stays on the market the more mortgage payments have to be made. This has to be subtracted from the price paid at sale if and when the sale takes place.

BTW You look like Chris Gascoyne from Corrie!

Local Prices here in Los Angeles shrunk 7% compared with last year.

[neverfearchrisishere]

Britains housing problems aren't severe enough to prompt a second property collapse. If UK was alone in the world then property prices would stagnate for a few years - effectively dropping in value over 5-6 years as they wouldn't rise with inflation.

HOWEVER americas problems are still nightmarish - and they WILL have a second dip (they have vaste tracts of foreclosed homes).... This will prompt a us crash, and our market will follow. 20-30% fall followed by prolonged stagnation.

[redroofestates]

Market is soft again, just in line with the prediction. Wave c due now.