From: curiosity 
Newsgroups: uk.politics.misc uk.finance
Subject: Re: Bank warns of "collapsing house price nightmare" in UK
Date: Fri, 13 May 2005 12:21:51 +0200

On Fri, 13 May 2005 10:52:36 +0100, Aramis Gunton 
wrote:

>In message <1115975106.676284.219310@g43g2000cwa.googlegroups.com>, 
>crowleyalastair@yahoo.co.uk writes
>>Another day, another dire warning about the state of the UK economy 
>>foreseeing the possibility of a "collapsing house price nightmare"
>
>Considering that the 'value' of one's property exists only in the 
>received wisdom of the buyer I get the impression that someone 
>desperately requires a downward revision in UK house 'prices'.
>
>As a buyer I will certainly now revise my subsequent offers downward.
>
>"Don't you realise there is a 'collapsing house price nightmare' 
>approaching? How on earth do you expect to get 250 grand for this 
>place?"
>
>Has someone informed the 'Estate Agents' of this altering reality?

I doubt it - very few people set foot in estate agents these days.