Debate House Prices


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Media Is Now Predicting A Massive 40% Property Price Crash

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Comments

  • noddynoo
    noddynoo Posts: 346
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    I work in maintenance of rentals and the agencies we are affiliated to all are telling us that the market has stalled and even decent reductions of 10% aren't working. We are definitely seeing landlords sprucing up BTLs and trying to get rid of them and a bit of panic amongst my bosses tbh. This is in brighton
  • debtisnotme
    debtisnotme Posts: 111 Forumite
    00ec25 wrote: »
    "it" is not a game

    "it" is about making reasonable statements for discussion, not repeating tabloid sensationalism as though it were a reliable prediction.

    asking for thanks when you could not be bothered to post on the correct forum is very sad. Had you done so there are loads of [STRIKE]lunatics[/STRIKE] fellow "believers" over there who will give you the thanks you apparently crave.

    meantime, perhaps spend as much time learning to spell as you do reading the Daily Fail?

    If the thankless OP had posted on the correct board he would have been eaten alive ;)
    Debt on 25/5/17
    Mortgage[STRIKE] £61,999[/STRIKE] £59,335
    Secured loan approximately[STRIKE] £20,000[/STRIKE] £19,353
    Unsecured debt in DMP with Stepchange[STRIKE] £38,887[/STRIKE] £37,763
  • patel007
    patel007 Posts: 816 Forumite
    A significant drop in the price of new flats in London wouldn't surprise me. These are invariably tiny, in rancid parts of town and are laughably overpriced.

    Sensibly sized houses in respectable areas with good transport connections will always be desirable.


    True re "desirable" but once the crash comes, they too will be affected. Price crashes usally start with sall aprtments, then it snowballs.
  • Thrugelmir
    Thrugelmir Posts: 89,546
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    economic wrote: »
    the only thing the daily mail is good for is for wiping my bum.

    At least the paper causes issues to be debated in a mature manner. Irrespective of whether you agree with what they publish or not. ;)
  • theGrinch
    theGrinch Posts: 3,122
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    we should all be panicking and sleepless. The media are always right and never wrong and they are experts and never rehash stories decades old. No one in the media rents or drinks and they are all billionaires from investments.
    "enough is a feast"...old Buddist proverb
  • AdrianC
    AdrianC Posts: 42,189
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    Tiners wrote: »
    You can be as sniffy as you like about the Daily Mail but the fact is it has one of the biggest readerships nationally and internationally online of any newspaper in the world... that's a whole lot of sentiment that can be influenced.
    And a trillion flies can't possibly be wrong about the ideal diet, either.
  • katebl
    katebl Posts: 637 Forumite
    To those who say the government would never allow a crash under their term, I would ordinarily agree, however Brexit could well be the get out of jail free card - a once in a lifetime event after all - plenty of agents using it as an excuse already
  • Thrugelmir
    Thrugelmir Posts: 89,546
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    katebl wrote: »
    To those who say the government would never allow a crash under their term,

    Downturns, recessions are a fact of life. There's a whole generation that have never experienced one firsthand. Governments have no say or control either. As outside factors are normally the trigger.
  • BobQ
    BobQ Posts: 11,181
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    patel007 wrote: »
    We have put off buying another property for the last 6/9 months as we too expect a long over due price crash, but not the 40% predicted in the link but more like 30% in London at least................

    .

    Unless you are trading up by a large amount if this were to happen the price of your house would fall like the one you want to buy.

    If that kind of price fall occurred most owners would stay put if they could so there will be a shortage of houses to buy. There will be some houses at absurd prices (including probably yours) that nobody bothers to view. Houses would still sell at the new market rate including yours.

    As a Mail reader you must have seen these silly stories every other month?

    It seems to me that what you are really saying that you cannot afford to buy the house you want so are waiting till you can. There is probably someone else wanting to buy a house like yours thinking the same. Meanwhile we are not building houses.
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • BobQ
    BobQ Posts: 11,181
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    00ec25 wrote: »
    there is a separate board for DEBATE HOUSE PRICES, it is here:
    http://forums.moneysavingexpert.com/forumdisplay.php?f=149

    the reason for that is to keep speculative nonsense away from this board where genuine people ask real questions needing real help.
    Not posts from Daily Fail readers about articles they do not understand

    either you need a place to live or you don't. Congratulations on taking 9 months to find an article to support your view.

    Your link goes to the board on which the OP has posted. So I do not see your point.
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
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