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house price crash!!!
thewinkshow
Posts: 333 Forumite
do you think the house market is about to crash?my local paper says its alreadly happening,do anyone else think this?
im looking to buy at the minute,but id rather wait and see what happens.
how long will a crash typically last for and what ar the signs that they are going to go back up after a crash?
if they do crash how much do we expect the, to fall overall? 10% 50% ????
any opinions appreciated.
im looking to buy at the minute,but id rather wait and see what happens.
how long will a crash typically last for and what ar the signs that they are going to go back up after a crash?
if they do crash how much do we expect the, to fall overall? 10% 50% ????
any opinions appreciated.
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I think there will be a stagnation personally in the South East with potential falls in other areas. I have been convinced there would be a crash for about 4 years now but we worked out what we could afford on one salary and have bought a nice 3 bed with garage that we can stay in for some time and we have fixed our mortgage and am planning on overpaying whilst we are both working! We are moving in on Tuesday!0
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ok, the crash may or may not happen.
if it does, it could be anything from 0.0001% to 100% given time.
if it doesn't, prices could rise anything up to 100000000% given time.
As the potential to rise is clearly greater than the potential to fall, property is ALWAYS a good investment.0 -
I think 'crash' is too coarse.
Informed people believe the top of the market has passed. We are now heading for a period of correction. With interest rates still rising, another one due in July, BTL'ers feeling pinch on various fronts, plus other indicators - the market is turning very bearish.
So prices are very likely to fall - how much and for how long - they're the questions?anger, denial, acceptance
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It's worth taking a look at http://www.housepricecrash.co.uk for more detail on this. There's a huge wealth of information and economic theory on this subject.
Be warned though the forum varies in the quality of discussion from being informative/reasonable to borderline BNP/end of the world is nigh.
Personally speaking I'd guess we are in for somekind of correction over the coming years as prices are historically high compared to traditional indicators like wages. Others would argue that things are different now though.0 -
But property is ALWAYS a good investment?Amitoocautious wrote: »Well that could be pretty unlikely when you factor in all the fees etc. I guess he means longer term
Show me someone now who will guarantee property will have increased in value five years hence and I'll show you a fool.anger, denial, acceptance0 -
thanks for the replies.so it seems the general feeling is we are heading for a price correction and not a 50% or so crash as some seem to speculate.
i think ill give it 12 months and then buy with a 5 year plus fixed rate.0 -
There certainly seems to be more and more bearish articles being pumped off the press. Its as though the media have cashed in.
Next months rate rise seems a fair bet. I think 6% and hopefully the wind will be blowing the other way.0 -
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