PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

crashing house prices faster than the last crash

2

Comments

  • Snooze
    Snooze Posts: 2,041 Forumite
    1,000 Posts Combo Breaker
    snarffie wrote: »
    What a miserable pile of contradictory twaddle. And another thing. When you start a new sentence after a full stop, you could try using a CAPITAL letter at the start of the first word. And another thing. Never start a sentence with the word 'and'. Doh!

    I have the match....anybody got some petrol.....?

    [Of course, I'm just joking. Setting people alight is not nice, and should only be attempted as a last resort] :rolleyes:

    I was just thinking the same. :confused: I don't understand what his issue is. He's contradicted himself in every post in this thread. First it started as a bad thing, then it was a good thing, then it was a bad thing.... !!!!!!? :confused: :rolleyes:

    Next..

    Rob
  • stuart30
    stuart30 Posts: 499 Forumite
    Could Geoff be a little bitter that we couldn't afford that first glorious rung on the ladder and now makes up less than humorous stories to hide his pain....:D :T


    Wait a second silly me he has 250k and saves his family tens of thousands of pounds....i dunno whats the world coming too.:rolleyes:


    My house is a HOME so really couldn't care if the prices quadruple or sink lower than a big brother contestant on a night out.:D
  • geoffky
    geoffky Posts: 6,835 Forumite
    speedbird1973 wrote: »
    Geoff,

    It's going to be just as out of reach for everyone.. because no one will lend them any money! look at why house prices are heading down! the issue is one of available credit, it's nothing to do with supply/demand for housing, where demand still far exceeds supply.


    Nothing to do with prices???
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • geoffky
    geoffky Posts: 6,835 Forumite
    pickles110564 wrote: »
    You are right.
    One question I have is this.
    If no houses are selling anywhere how can anyone work out how much they have fallen?


    Because they are cleverer than you..
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • SpendCurber
    SpendCurber Posts: 44 Forumite
    pickles110564 wrote: »
    You are right.
    One question I have is this.
    If no houses are selling anywhere how can anyone work out how much they have fallen?
    If credit is so tight where are people getting the funds from to Buy?

    Didnt you know? They all have £250k cash in the bank ready for this moment....I dont see what all the fuss is about EVERYONE can afford to buy now that theres a crash! :rolleyes:
    January 2014 - £20,340
  • hearts
    hearts Posts: 1,191 Forumite
    geoffky wrote: »
    Enjoy the fact that i and thousands of others have not fell for all the rubbish spouted that house prices only go up. i was going to pay 250k cash in august last year but did not like what i saw and believed we were due a correction and by doing this i have saved my family tens of thousands of pounds up to now and will save them a lot more by not buying for another year at least.....enjoy

    Well bully for you ;-)

    I don't know what you do for a living but I hope you realise the full implications of a "crash" on society as a whole.
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    geoffky wrote: »
    pickles110564 wrote: »
    You are right.
    One question I have is this.
    If no houses are selling anywhere how can anyone work out how much they have fallen?


    Because they are cleverer than you..
    Oh I forgot this is from a bloke who cant even get a deposit together.:rotfl:
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    They were saying on the news last night that a conservative estimate was a prediction of 20% drop in two years and that in the last crash, it took 4 years for houses to lose 20%.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • geoffky
    geoffky Posts: 6,835 Forumite
    pickles110564 wrote: »
    [
    Oh I forgot this is from a bloke who cant even get a deposit together.:rotfl:


    To a bloke who cannot read.....i have all i need to pay cash for my house why would i need a deposit??????? :confused::rotfl:
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • Badger_Lady
    Badger_Lady Posts: 6,264 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    My amateur prediction is that they will crash quickly and start to recover quickly too - less than two years to reach bottom and start picking up again.

    There will be a mixed bag of HPC-supporters - those who will buy during the slump, pleased that they can now afford the property they want, helping to pick the market back up again. Then there will be those who will continue to say "don't buy! It's gonna get cheaper!", until they suddenly realise that they've missed the trough, and either panic to start buying or stubbornly refuse to pay increasing prices until they're priced back out again.
    Mortgage | £145,000Unsecured Debt | [strike]£7,000[/strike] £0 Lodgers | |
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture