Of course they're not!
Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, has said that he expects house prices to stabilise from the middle of this year. He also stated that the widely expected 45% overall decline in prices is overly-pessimistic, and that it is more likely to be around 20%.
What an idiot. Thank god we're not in the early phases of a recession, and facing rising unemployment. Oh wait, we are. Reading through an online article written on the subject of the above statement, one reader had this to say: "And in the latest news, turkeys state that Christmas is definitely not coming this year. Sorry, Cancelled... just like the House Price Crash." Couldn't have put it better myself :) Simon Rubinsohns job depends on houses selling, this is obvious, so why do the newspapers print this tosh?!
Like many people I'm a first time buyer trying to get my own home to settle in, and these fat cats are squandering everything with there lies. Who am I supposed to believe, and where am I supposed to obtain REAL advice? All I can do for now is keep saving a deposit up so I can get a mortgage if a time comes when I can actually feel confident that the prices are at there lowest!
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