House Price Predictions "Futile"

G

GlasgowGirl

Facilitator
Jul 22, 2008
287
0
0
In an announcement that will surprise no-one, the Council of Mortgage Lenders has said that trying to keep its price predictions up to date is "futile". At least that's how the BBC is reporting it. Actually, on reading the story it seems more like the CML is just saying that there is no point in updating its now-inaccurate prediction from May, and that prices may not recover till 2010. I think the basic message is, "No-one has a clue what's going to happen."
 
H

happywriter

New Member
Apr 25, 2009
299
0
0
House prices have always been subject to finding what the buyer wants at a reasonable price. We have finally found what we wanted to buy, and are paying what the seller wants. At a certain point we would have stopped bidding - who know what that point is for each person.
 
You must log in or register to reply here.
Top Bottom