Breaking News: House Price Crash Over!!!!!

brit1234

HOUSE PRICES TO RISE BY 25%

HOUSE prices will soar by nearly a quarter over the next five years, it was predicted yesterday.

http://www.dailyexpress.co.uk/posts/view/54301

Any thoughts?

ianian99

brit1234 wrote: »

Any thoughts?

no thoughts just laughter

brit1234

And then there is this page.:rotfl:

http://news.hotproperty.co.uk/Category/House_prices/

Crash Over
:rotfl:

Its as if Austrian Economic theory never existed.:rotfl:

Everyone lets magic money out of nowhere as prices can only go up.:rotfl:

brit1234

There is even more.



:rotfl:



How can people talk the market up when there are no funds to lend. Inflation is rising fast, banks can't sell off their mortgage vehicles and are facing ever bigger debts. Prices are going to fall for years and a couple of baseless articles aren't going to change that.

This is all vested interest tripe.

AceCobra1

Myleene looks quite nice

lynzpower

cant believe I missed those free sunglasses in the express _pale_

michaels

So everyone laughing on here is willing to bet their mortgage on there not being a 25% rise in house prices FROM a low point in 2009/10 over the next 3 years?

I would have thought even as a full HPC aficionado one might still see prices bottoming in 2 years time and then starting to recover and obviously if affordability is right it would make sense to buy once bottom is reached rather than wait too long till the direction is clear but miss out on the first half of the upswing?

drbeat

As Bruno would say "House Price Crash CANCELLED!!!!"

...now where's that brolley??

WTF?_2

michaels wrote: »

So everyone laughing on here is willing to bet their mortgage on there not being a 25% rise in house prices FROM a low point in 2009/10 over the next 3 years?

That's not what the reports said. They're saying that prices will be up 25% on last year's peak by 2013. Very unlikely if this crash is anything like previous ones where it normally takes up to a decade for prices to get back to peak. So I'd expect prices to be back at last summer's levels sometime between 2015 and 2017.

I would have thought even as a full HPC aficionado one might still see prices bottoming in 2 years time and then starting to recover and obviously if affordability is right it would make sense to buy once bottom is reached rather than wait too long till the direction is clear but miss out on the first half of the upswing?

I don't think there's any danger of 'missing out' on the upswing since even the Sun thinks it'll be at least 2010 before there's any recovery at all. Better to 'lose' a few months worth of gains and wait for consistently rising prices before buying.

I'll certainly be considering buying in the 12-24 month timeframe though. I reckon 2010 will be the year to start thinking about buying.

bubblesmoney

maybe the writers of these articles and editors have got a few houses to offload to the public who read these papers. hence trying to talk up the market

steadysaver

Its stories like this that will reconfirm in sellers minds that their house is still "worth" a bucket full of cash and they won't drop the price thus continuing the stalemate.

Will banks really begin to lend crazy money again in just a few years time?