John   11 #25 Posted February 9, 2009 Like it or not recession IS coming to an end but not quite the way the OP thinks it is. Recession only lasts 2 quarters then it becomes a depression if the country's gross domestic product continues to decline. Share this post Link to post Share on other sites Share this content via...
barny_100 Â Â 10 #26 Posted February 9, 2009 Like it or not recession IS coming to an end but not quite the way the OP thinks it is. Recession only lasts 2 quarters then it becomes a depression if the country's gross domestic product continues to decline. Â No, a recession can last any number of quarters, within reason of course. It only officially becomes a recession after 2 consecutive quarters of negative GDP growth. Â Just found this: Â So how can we tell the difference between a recession and a depression? Â A good rule of thumb for determining the difference between a recession and a depression is to look at the changes in GNP. A depression is any economic downturn where real GDP declines by more than 10 percent. A recession is an economic downturn that is less severe. Share this post Link to post Share on other sites Share this content via...
Bonjon   10 #27 Posted February 19, 2009 (edited) Well as I predicted the media are starting to say its the end of the housing crash, next they will be reporting the end in sight for the credit crunch too. ________ Wiki Edited February 8, 2011 by Bonjon Share this post Link to post Share on other sites Share this content via...
Cyclone   10 #28 Posted February 19, 2009 Links please, I've not seen a single reputable paper (ie not a tabloid) claiming that it's the end of the housing price crash. And the only stories I've seen about credit at the moment are bemoaning how the government measures haven't done anything to ease the situation. Share this post Link to post Share on other sites Share this content via...
ukdobby   223 #29 Posted February 19, 2009 Gimme a rope Share this post Link to post Share on other sites Share this content via...
Bonjon   10 #30 Posted February 23, 2009 Links please, I've not seen a single reputable paper (ie not a tabloid) claiming that it's the end of the housing price crash. And the only stories I've seen about credit at the moment are bemoaning how the government measures haven't done anything to ease the situation.  It was on Sky news the other day 16th, or 17th iirc.  The only people I see scaremongering are the people hoping they dont continue to rise as they missed the boat when the prices were at the lowest they will be!! Share this post Link to post Share on other sites Share this content via...
rustyfunk   10 #31 Posted February 23, 2009 thats wierd. The only people i see who are talking of upturns are either BTLers, estate agents or mortgage brokers. Even a cursory look at the figures for every part of the wider economy suggest that the fabled green shoots are several years away, with things to get worse before they get better.  Sky news is hardly a n unwavering bastion of journalistic integrity either, is it? Its as bad as pravda the BBC for its general pandering to the hard of thinking  Each to their own tho... Share this post Link to post Share on other sites Share this content via...
Tomataheeed   10 #32 Posted February 23, 2009 What about the news today that Northern Rock will make a lot of money available on 90% LTV ? Will this help get more FTBs actually buying? Share this post Link to post Share on other sites Share this content via...
Cyclone   10 #33 Posted February 23, 2009 It was on Sky news the other day 16th, or 17th iirc. The only people I see scaremongering are the people hoping they dont continue to rise as they missed the boat when the prices were at the lowest they will be!!  http://news.sky.com/skynews/Home/Business/House-Prices-Latest-Housing-Market-Figures-To-Be-Released/Article/200902315224196  This? Lots of 'maybe' and 'slight signs' in that article. Reads more like wishful thinking than anything else. Share this post Link to post Share on other sites Share this content via...
Dimitri 11   10 #34 Posted February 23, 2009 (edited) It was on Sky news the other day 16th, or 17th iirc.  A small selection of newspaper headlines from the last crash:  Friday 11 AUG 1989 - The Times - House prices will not rise until 1991 Sunday 05 NOV 1989 - The Sunday Times - House prices may rise next spring Friday 17 NOV 1989 - The Times - House prices to recover next year  Saturday 06 JAN 1990 - The Times - Recovery forecast for house prices in market awash with loan funds Friday 09 MAR 1990 - The Times - Switch to poll tax 'may lift house prices 15%' Sunday 14 OCT 1990 - The Sunday Times - House prices bottom out Sunday 18 NOV 1990 - The Sunday Times - House prices set to take off in spring Monday 26 NOV 1990 - The Times - Increase in house prices predicted Saturday 29 DEC 1990 - The Times - Two-point cut in bank rate 'could revive house prices' Thursday 10 JAN 1991 - The Times - House price rises suggest a recovery Wednesday 06 MAR 1991 - The Times - House price rises predicted this year Wednesday 13 MAR 1991 - The Times - House prices predicted to rise 66% over five years Sunday 29 SEP 1991 - The Sunday Times - House-price surge is on the way, but wait for it Monday 30 DEC 1991 - The Times - House prices stuck 'till 1993' Thursday 16 DEC 1993 - The Times - House price boom predicted for 1994 Friday 17 DEC 1993 - The Times - Experts back forecast of big rise in house prices Sunday 02 JAN 1994 - The Sunday Times - Pundits agree on big rise in house prices Thursday 07 APR 1994 - The Times - Bank figures reinforce signs of house price recovery Friday 03 JUN 1994 - The Times - Fears for housing recovery as prices fall Thursday 20 OCT 1994 - The Times - House prices 'to rise 6%' Sunday 01 JAN 1995 - The Sunday Times - House prices poised for modest recovery Wednesday 24 MAY 1995 - The Times - Relief for young in falling house prices Sunday 31 DEC 1995 - The Sunday Times - House prices set to rise, say lenders It took 6 years but they got there in the end.  And then the recovery 1996 1 January Wednesday 03 JAN 1996 - The Times - House prices remain lower than a year ago Wednesday 24 JAN 1996 - The Times - The Nobel laureate, his wife and how expectation moves house prices Sunday 28 JAN 1996 - The Sunday Times - Lenders predict patchy rise in house prices 2 February FRI 02 FEB 1996 - The Times - House prices rise again 3 March SUN 10 MAR 1996 - The Sunday Times - Housing market starts on the road to recovery;Prices likely to rise 2%-4% this year SUN 10 MAR 1996 - The Sunday Times - Housing market starts on the road to recovery; A gentle pick-up, not a boom SUN 10 MAR 1996 - The Sunday Times - Blair's housing ideas rejected SUN 10 MAR 1996 - The Sunday Times - Time to shop around for fee-free mortgage SUN 10 MAR 1996 - The Sunday Times - Women trapped by negative equity 4 April TUE 02 APR 1996 - The Times - House prices rise SAT 06 APR 1996 - The Times - Rising prices and falling costs boost housing market FRI 12 APR 1996 - The Times - Debt trap eased by housing price rise WED 24 APR 1996 - The Times - House prices in Scotland hit by sharp fall in 1995 TUE 30 APR 1996 - The Times - Putting a spin on house prices 5 May THU 02 MAY 1996 - The Times - House prices rise in 'fragile' market SUN 05 MAY 1996 - The Sunday Times - House prices continue to rise THU 09 MAY 1996 - The Times - UBS lifts house price forecast 6 June SUN 30 JUN 1996 - The Sunday Times - A "mini boom" in house prices TUE 02 JUL 1996 - The Times - House prices show signs of levelling SAT 06 JUL 1996 - The Times - Artificially low house prices are luring buyers into a frenzy of competitive bidding   Look how much ramping there was and some of it SIX YEARS before any recovery happened.  The only people I see scaremongering are the people hoping they dont continue to rise as they missed the boat when the prices were at the lowest they will be!!  Anybody waiting to buy should keep an eye on things but not delude themselves. If house prices do start to rise and look like they are going to continue rising then so be it, you haven't given any indication this is going to happen though. One story on Sky News, come on man, that's ridiculous!  If anybody can tell me why house prices are going to rise i'll gladly listen. I don't want to miss the boat and if it's sailing off i'll jump in and swim after it to get what I can. It's still firmly tied to the pier as far as I can see, in one of those knots that sailors tie where it's almost impossible to undo, LOL. Hyperinflation is my only real worry when it comes to buying a house now or waiting. Edited February 23, 2009 by Dimitri 11 Share this post Link to post Share on other sites Share this content via...
Cyclone   10 #35 Posted February 23, 2009 What about the news today that Northern Rock will make a lot of money available on 90% LTV ? Will this help get more FTBs actually buying?  They haven't said what kind of credit rating they'll require though. It certainly can't hurt, but they won't turn the market around on their own. Share this post Link to post Share on other sites Share this content via...
saxondale   10 #36 Posted February 23, 2009 dimitri mate, you really need to get a hobby. Share this post Link to post Share on other sites Share this content via...