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UK House Prices to fall up to 50% / CWR pt.3

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Uploaded by on May 25, 2008

From a mid-May Commodity Watch Radio podcast. Dominic Frisby and Michael Hampton (DrBubb) discuss Gold, sagging Uk property prices, governmental policies, and the psychology of Bear markets.

Pt.3: This section discusses the psychology of Property Bear markets

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Uploader Comments (BubbFromGEI)

  • Dominic's house was sold at auction by Norwich Union. Price? I heard now that it was Pds 500,000 - which was soemwhat "below market", but not particularly cheap. The old woman will go on with her "protected tenancy", and have no extra cash for a move into alternative housing.

  • Who is willing to pay "market price", when it is obvious a fall is coming? No one. So prices fall. And today's "bargain priced" home sales become tomorrow's market level.

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This video is a response to Biggest UK House Price Falls/Crash PT1
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  • And there 60% to high in Australia!!!

    Australia the most expencive place in the world to buy a home!

  • Well, it's happening now!

    House prices fell by 2.5 per cent this month - the biggest monthly drop since records began 17 years ago, according to Nationwide figures. The drop in prices during May also represented a seventh successive month of falls, the longest consecutive period of decline since 1992 when Britain was emerging from recession.

  • Absolutely correct Doc!!

    consa

  • Keep up the good work Dr B

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