on housepricecarsh.co.uk some one wrote:

"Anyone who predicts a HPC will be 100% correct all of the time. Given enough time the market always sees see a boom and a bust. The skill is predicting when and by how much.



My prediction: The correction began late in 2004 when double digit inflation ended and the rate of appreciation slowed dramatically with single digit inflation following ever since. Late 2005 was the first time for negative YoY (Hometrack). December 2006 will see negative YoY of between 5-7%. December 2007 negative 10-15%, December 2008 negative 15-20%. Bottom will be around 2009-2012.

These predictions are not factoring in a global crisis such as a major war or significant bombing of a major western city (similar to 9/11), bird flu crossing over to become a 1918 style pandemic, Japan failing to keep central bank rates under 3%. If any of these occur all predictions are off as any one of them could trigger a major recession/depression and hpi will be an irrelevant issue."




I don't know if this site is full of people thinking its going to crash when its not though??

Any thoughts on the above quote?