Denial to Acceptance on MSE

Woby_Tide

!!!!!!? wrote: »

Take a look at the 'House Price Crash discussion thread"

It was created on 20-10-2007 because the rash of MSE threads in the previous few weeks warning of an impending crash had upset many of the bullish posters on the Forum.

When did prices peak, according to records? Aug/Sep 2007.

If you can time your "House Price recovery thread" as well as that, I'll be impressed :rotfl:

as you've only been here a few months I'll let you off

http://forums.moneysavingexpert.com/showthread.html?t=5377

August 2004

so I've got 4 years leeway to see if prices start rising like I ....er.....predicted

ManAtHome

Good job we had troosers to carry on peddling debt to the masses, otherwise we'd have had a few quid in the kitty to stave off the "gloom and doom" headlines...

2004 was when the BoE started to get it wrong (eg when the NICE e-Con was starting to run out of steam) - their 2 year horizon for 2% inflation seems to have been just a bit wrong for 2006, 2007, and 2008 even though troosers moved the goalposts. In the bits of the e-Con I was working in, most talk was around a levelling off (having skimmed the thread, similar to what Dunston was posting) - the extra 4 years of "boom" have worked wonders for mp's and ceo's etc, other mileages may vary...

Dunno how it pans out from here - public and personal debt is much much larger than the last downturn/slowdown/recession, a hell of a lot to pay back (whether paid or written off) before the next splurge.

meester

ManAtHome wrote: »

Good job we had troosers to carry on peddling debt to the masses, otherwise we'd have had a few quid in the kitty to stave off the "gloom and doom" headlines...

2004 was when the BoE started to get it wrong (eg when the NICE e-Con was starting to run out of steam) - their 2 year horizon for 2% inflation seems to have been just a bit wrong for 2006, 2007, and 2008 even though troosers moved the goalposts. In the bits of the e-Con I was working in, most talk was around a levelling off (having skimmed the thread, similar to what Dunston was posting) - the extra 4 years of "boom" have worked wonders for mp's and ceo's etc, other mileages may vary...

Dunno how it pans out from here - public and personal debt is much much larger than the last downturn/slowdown/recession, a hell of a lot to pay back (whether paid or written off) before the next splurge.

4th August 2005 was the date the BoE banged the nail in the economy's coffin. Base rates, which had risen five times in a row, were cut. At the time house prices were stagnating, but wham another 2 years of HPI, and 20% on the already inflated prices, and there was the nail in the coffin of our chances of weathering the credit crunch, and there was the certainty of price falls.

dudleyboy

mr.broderick wrote: »

Carol i am obsessed with your rudeness, lack of tact and your general bad attitude to other members. Trust me it is nothing sexual.

I dunno, I do love it when she talks dirty...

dudleyboy

meester wrote: »

4th August 2005 was the date the BoE banged the nail in the economy's coffin. Base rates, which had risen five times in a row, were cut. At the time house prices were stagnating, but wham another 2 years of HPI, and 20% on the already inflated prices, and there was the nail in the coffin of our chances of weathering the credit crunch, and there was the certainty of price falls.

Absolutely! Only that and the introduction of the brilliant 125% mortgage delayed the HPC in 2005. Anyone who predicted the fall in 2004/05 were quite correct - the govt and banks predicted it too! - but how were we to know the risky lengths the government and banks would go to to maintain the housing bubble?!

Wishful thinking isn't going to make house prices go down any more than they helped them go up. The instruments that manipulated our economic miracle have now been completely removed and we're currently in Wile E. Coyote cliff-hovering territory as the realisation sets in just before an almighty fall.

WTF?_2

Woby_Tide wrote: »

as you've only been here a few months I'll let you off

http://forums.moneysavingexpert.com/showthread.html?t=5377

August 2004

so I've got 4 years leeway to see if prices start rising like I ....er.....predicted

And I'm talking about the explosion of posts from different posters warning of an imminent crash which began this time last Sep/Oct which riled the bulls ..who kicked up such a fuss that all talk was ghettoised to a single thread, the sticky thread at the top of the page .. and thus ultimately led to the creation of this group once the volume of posts to that thread reached such a level it spilled over and out into the main group again.

Quite clearly there were more than a few people who timed the matter of the actual crash exactly right as hindsight shows that was the peak of the market.


As for people saying houses are overvalued and the prices out of touch with reality, they've been right since about 2003. The only question was when exactly would the fall start. Well, we know the answer to that one.

kristianwilliams

mr.broderick wrote: »

Carol i am obsessed with your rudeness, lack of tact and your general bad attitude to other members. Trust me it is nothing sexual.

coming from the guy that told me "To go away until I was debt free" before I could discuss the economy and matters. Dismissing me because of that when my point of view did not match yours of "House prices will not fall" argument?????

WTF?_2

kristianwilliams wrote: »

coming from the guy that told me "To go away until I was debt free" before I could discuss the economy and matters. Dismissing me because of that when my point of view did not match yours of "House prices will not fall" argument?????

Kristian, some people post here because they want to engage in debate and discussion about a subject which affects and interests them.

Others just get a kick out of arguing and having a go at other people.

kristianwilliams

I just find it quite a giggle. anyway, I stoped posting here when I realised that its happening and not alot else is going to effect it now. Im off to build myself a bunker with my GF, and live a nice quiet life together now

Off down the hole I go

Cya

neverdespairgirl

mr.broderick wrote: »

I fear prices are going to rise very soon and i will still be here (some may like that some may not) to say ....."I told you so"

When do you think house prices will start to rise?