House Prices Will Boom - Daily Express still in Denial or Stupid

mr.broderick

Pobby wrote: »

Brodders old chap. I would be highly interested to know what you base your thinking around that house prices will quickly recover.

More in hope that they don't capitulate pob as i feel my job will go with them and i have a nice cushy job that i wanna keep..apart from that don't give a monkeys what happens..would you consider that selfish?:p

ultra10

What amazes me is how a Biased ill informed article is taken as gospel by people on these boards ... prices have quite a way to go beofor they bottom out..at LEAST another 10% quite proably more, & Property prices will not sky rocket again ... wake up !!!!!! .....

mr.broderick

ultra10 wrote: »

What amazes me is how a Biased ill informed article is taken as gospel by people on these boards ... prices have quite a way to go beofor they bottom out..at LEAST another 10% quite proably more, & Property prices will not sky rocket again ... wake up !!!!!! .....

Yes and the media have convinced you of that opinion

pickledpink

ultra10 wrote: »

What amazes me is how a Biased ill informed article is taken as gospel by people on these boards ... prices have quite a way to go beofor they bottom out..at LEAST another 10% quite proably more, & Property prices will not sky rocket again ... wake up !!!!!! .....

Well, properties sky rocketed after the early 90's recession and crash, and we're nowhere near as bad as things were then! In case you've forgotten, interest rates rose to 15% and inflation went up to 10%! It was much worse then!

Yet properties soared after that - just like they ALWAYS do after a crash. The main problem this time round is consumer confidence and the fact that banks have tightened the criteria. But that won't stay that way..............people need homes.............and banks need to make money.

:money:

barnaby-bear

brit1234 wrote: »

The Daily Express have done it again with their mad property ramping. Spot the key area that they ignore which will shoot their predictions out of the sky.

Remember a large proportion of the Daily Express editorial staff are still under the impression that Princess Di is alive and front page news.... :rotfl: So maybe it's just their news stories have a 10 years lag....

barnaby-bear

geoffky wrote: »

do all these new babies each buy a house ?
demand is not wanting something, its having the money and inclination to PAY for it

Recent population increases have been largely adult immigration, but people producing small people also increases demand for family size homes pushing up prices, a lot of recent building has been flats in urban settings which don't work that well with two kiddies and a buggy... I think some areas are going to have micro-markets owing to the type and split of housing stock.

ultra10

mr.broderick wrote: »

Yes and the media have convinced you of that opinion

Taking comfort from the Express of all places is just silly broders ... we can all argue endlessly i guess, but come back in 1 yrs time & property WILL be in the region of 10 -15% less than todays prices... PERIOD .... In the meantime ofcourse we will no doubt have had numerous articles in papers like the express and mail with headlines similar TO this one .... In the Global scheme of things they will have the effect of causing discussion on boards such as this... nothing more ......

neverdespairgirl

confused31 wrote: »

Having said that the population in the uk is growing each year infact in 2006 it grew by 350,000 people, so if they do stop building in 2010 we should have over 1 million more people to house.

Past performance is no guarantee of future immigration levels, though.

The UK has seen massive immigration from the A8 countries, in particular, Poland. But that will not necessarily continue. In fact, many Poles are now going back - the Zloty is now at c. 4 to the £, whereas a year or 18 months ago, it was 7 to the £. So people who came here to earn some cash to set themselves up back home are reassessing. And as wages and the economy grow in Poland, there is less incentive to migrate.

neverdespairgirl

havethis1 wrote: »

Cheap lending will NEVER return.

The last time somebody had an idea as bright as 'cheap lending it was a bloke with a dodgey mustach saying

Shal ve invade ze Roosha yah?

To be fair, "never" is a long time.

I think Yassah Arafat had a similarly bright idea in the early 1990s - "Saddam Hussain? Let's support him! Always good to back a winner......"

dopester

neverdespairgirl wrote: »

Past performance is no guarantee of future immigration levels, though.

The UK has seen massive immigration from the A8 countries, in particular, Poland. But that will not necessarily continue. In fact, many Poles are now going back - the Zloty is now at c. 4 to the £, whereas a year or 18 months ago, it was 7 to the £. So people who came here to earn some cash to set themselves up back home are reassessing. And as wages and the economy grow in Poland, there is less incentive to migrate.

Fully agree. And I read last night in the Times or Telegraph that Carpetright, despite the downwards pressures here, is expanding in Poland as it looks a strong market for future growth.

The UK has no automatic right to be top-dog economy. There is too much complacency. There are many other countries wanting their own wealth and prosperity.. and competing with us to get it.