House prices poll 2023 - poll only.

[spunko]

Poll only

[Joncrete Cungle]

Real term or nominal?

[spunko]

32 minutes ago, Joncrete Cungle said:

Real term or nominal?

Nominal, to make it easier.

[spunko]

Hmm I think I ballsed it up by adding more options.

[F150]

prices in my area in alabama have kept rising

in denmark its down 25% this year

[Stuey]

South will plummet.

The north will hold my beer and stay constant/healthy. 

[Upsettah]

Things will stay pretty much static.

[crashmonitor]

I went with minus 8%. Bearing in mind we are already at minus 4.5 % since August 2022. The two together come to minus 12% ( minus' compound negatively).

Inflation may take a bit of sting out of nominal drops this time. If we follow the BOE inflation forecast we'll have about 9% inflation between August 2022 to January 2024. That would make a real fall by then of minus 19%....88 house prices/109 inflation. And I don't think we will be done with the correction by then.

[blobloblob]

Such a spread of opinions on this poll. I thought we were meant to be experts?

[spunko]

On 22/02/2023 at 20:54, blobloblob said:

Such a spread of opinions on this poll. I thought we were meant to be experts?

There isn't really a spread because most of the poll options are negative. I probably should have done equal options for house price rises and for falls

Only 8% of voters think that house prices are going to rise or stay at 0%...