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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (30578)	5/22/2005 12:24:04 PM
From: John Carragher	Respond to of 116555

the english are all buying in florida.. shouldn't that be taken into the results of slow down in real estate in england.

To: mishedlo who wrote (30578)	5/22/2005 3:06:46 PM
From: maceng2	Respond to of 116555

with buyers no longer willing, or able, to meet asking prices and sellers reluctant to lower them. Well, this is just a normal trading aspect. The demand to sell and buy property is still there. There will eventually have be a break to the upside or the downside price wise. Momentum will make the direction stronger as it continues. Higher prices mean more "wealth" to push around, lower prices mean real tightening of the debt problem and reduced consumer spending. So, currently, I think property prices will fall, and the BOE will ease rates in an attempt to soften the blow. There have already been hints in the British media. I've been looking to negotiate a fixed rate mortgage (for 5 or 10 yrs) on my property. Been talking to the banks and the building societies. I might wait for a few more months before deciding. A nice BBC link. Some good email comments too. news.bbc.co.uk Do you agree with Evan - should house prices fall? Or will higher property values make us all richer? You sent us your views: If house prices were to increase at the same rate as they have done over the last 40 years, in 2044, a modest 3 bed semi in Redhill will cost about 15 million quid! Isn't it time we realised our expectations are just a tad unrealistic!? Matt, Redhill Uk -lol-