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

m00m00

it's not the bunch of muppets doing the predicting that's the problem (after all many 1000s of liverpool fans predict every year will be 'their season, and it won't be)

it's the muppets who believe it, and set their pricing accordingly, and then wonder why their house isn't selling and whether another coat of magnolia is needed.

Pobby

I posted this on another thread but it`s well worth a look.

http://www.housepricecrash.co.uk/graphs-ftb-average-house-price-to-earnings-ratio.php

Draw your own conclusions.

amcluesent

>Draw your own conclusions<

FTB (in the sense of couples in their twenties) are now longer the main market driver? Could be that immigration, divorce, BTL etc. have become the primary engines of purchasing.

Paul_N_4

amcluesent wrote: »

>Draw your own conclusions<

FTB (in the sense of couples in their twenties) are now longer the main market driver? Could be that immigration, divorce, BTL etc. have become the primary engines of purchasing.

Immigration - all those productive men and women currently leaving the UK as we enter recession.

Divorce - that would put downward pressure on house prices as single income multiples would become more common.

BTL - banks pulling their BTL mortgages, now a dying breed.

Conrad

Prices could well be up 25% in 5 years.

Best we be mindful of the British distain for traditional pensions and shares, hence why so many will continue to invest in property. You gotta put it somewhere, and even Banks look shakey as places to store cash.
No one can ever take a brick away (as long as no arrears) - thats how the great Brit public will process thier choices.

I think the next 8 at 10 months will see the bottom so some will buy now with a hefty price reduction and be perfectly satisfied. Only the pessimist that frets over his pennies will hang around wiating for a big sign saying "bottom reached"

adr0ck

Conrad wrote: »

Only the pessimist that frets over his pennies will hang around wiating for a big sign saying "bottom reached"

that will be most of the posters on this board then

Conrad

Paul_N wrote: »

Immigration - all those productive men and women currently leaving the UK as we enter recession.

Divorce - that would put downward pressure on house prices as single income multiples would become more common.

BTL - banks pulling their BTL mortgages, now a dying breed.

But 3 factors in a multiverse of factors. Easy to overdo the downside, but note even in the far more tumultous 1970s life went on and all the gloomers got it wrong (they said Japan and HK would devour us)

drbeat

Conrad wrote: »

(they said Japan and HK would devour us)

Maybe not Japan, but Hong Kong is part of China!

brit1234

Conrad wrote: »

Prices could well be up 25% in 5 years.

Best we be mindful of the British distain for traditional pensions and shares, hence why so many will continue to invest in property. You gotta put it somewhere, and even Banks look shakey as places to store cash.
No one can ever take a brick away (as long as no arrears) - thats how the great Brit public will process thier choices.

I think the next 8 at 10 months will see the bottom so some will buy now with a hefty price reduction and be perfectly satisfied. Only the pessimist that frets over his pennies will hang around wiating for a big sign saying "bottom reached"

Conrad, would you like to enlighten us the British Public where the banks will get the money to lax lend again to push prices above there well overvalued level. Would you also like to state how rising inflation won't put a dampener on your theory?:question:



The facts are simple and if you think prices are going to recover in a year then you have deluded yourself from the facts.

House prices only went up multiple salaries because the banks packed up these loans and sold them on as investment vehicles. Which provided the banks with more money to lend. This facility is now gone and led to huge loses in the banks as repossessions rise. Hence banks can only now lend what they use to based on savings in the bank.

Its over prices won't rise, they will fall dramatically till they find an equilibrium which will be about 3-4 times salary or less.:exclamati

johnycoldears

MrDT wrote: »

Daily Express. :rotfl:

'National Housing Federation', vested interest much?

A brief summary of the Express's credibility as a commentator in these matters :