Recovery of the Housing Market will come Quickly

Gangstabird

Dithering Dad and !!!!!!, I can see both sides of your argument. But I have to say that there is rather a lot of hard evidence that things can only get worse. DD is right when he says that a recession will affect everyone, because those very people who are FTB could lose jobs, so there will be no buying of houses for them.

I suppose as this board is about money it's not surprising that people are going to discuss it and the general consensus either.

No one wants a crash in the market, but some FTB's do as it benefits them, it's human nature really. I think the crash and a recession are two different issues though.

WTF?_2

Gangstabird wrote: »

Dithering Dad and !!!!!!, I can see both sides of your argument. But I have to say that there is rather a lot of hard evidence that things can only get worse. DD is right when he says that a recession will affect everyone, because those very people who are FTB could lose jobs, so there will be no buying of houses for them.

I suppose as this board is about money it's not surprising that people are going to discuss it and the general consensus either.

No one wants a crash in the market, but some FTB's do as it benefits them, it's human nature really. I think the crash and a recession are two different issues though.

The only poster I've seen here who actually wants a recession based on their posts is Zammo.

Anyone smart enough to think through the facts and ignore the peer pressure and property hype of the last few years and wait for prices to come down is more than capable of figuring out that recession is a 'bad thing' for everyone. Pointing out that it's going to happen however does not equal cheering it on.

Plenty of us do want to see lower prices. Which is quite reasonable unless you have lots of money tied up in prices staying high.

mewbie_2

Gangstabird wrote: »

No one wants a crash in the market, but some FTB's do as it benefits them...

Not just FTB's. I'd quite like my children, and their children, to be able to afford to buy a house, without ridiculous multiples and over priced show boxes ruining their futures. For houses to become homes again, not investments.

Gangstabird

!!!!!!, I agree with you, but I can see the point of someone who maybe wants to sell to rent and doesn't want the prices to come down either. As I said there is an awful lot of hard evidence to say that it's not over yet and will get worse.

If I was a FTB with a secure job, like nurse/police/army/govt I would be whooping for joy as I would be hanging on and maybe be able to buy a house instead of a flat etc.

If I was a person who had just got divorced and was hoping for two big deposits for two seperate houses and to pay off joint debts, I would slit my wrists if you know what I mean.

I don't think you are cheering it on either.

Walter_J

Dithering_Dad wrote: »

Get it into your head that nearly everyone loses in a recession.

A recession can actually offer great opportunities to the entrepreneur, so long as he goes into it with no debts and low overheads.

As his competitors go bust one after the other, he can mop up their existing business and emerge the strongest player in his field once things start to pick up again.

Many very profitable businesses were born in times of recession.

posh*spice

!!!!!!? wrote: »

However, even if the crunch eases soon

Can't see the crunch easing soon - there is no signs yet (as far a I'm aware) that the markets for MBSs are any where near back to normal. At the moment housebuyers don't want to buy houses, so it's not so obvious that banks are in no position to lend. There is no sign yet of banks getting anywhere near back to normal - if it ever happens IMHO. Indeed, if people start losing their jobs, the banking situation is only going to get steadily worse....banks can't lend so house prices can't rise.

Dithering_Dad

Walter_J wrote: »

A recession can actually offer great opportunities to the entrepreneur, so long as he goes into it with no debts and low overheads.

As his competitors go bust one after the other, he can mop up their existing business and emerge the strongest player in his field once things start to pick up again.

Many very profitable businesses were born in times of recession.

True, hence the 'nearly everyone' caveat in my post. Usually though, even if they're not directly impacted by a recession they could have friends or family who are badly affected, or suppliers who go bust and take some of their cash with them.

The only winners seem to be repo firms and bailiffs.

posh*spice

mewbie wrote: »

Not just FTB's. I'd quite like my children, and their children, to be able to afford to buy a house, without ridiculous multiples and over priced show boxes ruining their futures. .

Amen to that

Dithering_Dad

!!!!!!? wrote: »

What a pity that I can't make a plain observation of fact without you bizarrely needing to ascribe some sort of desire on my behalf for it to happen.

But I guess if you stuck to debating the facts here, you wouldn't be indulging in the sort of behaviour which really seems to float your boat. Namely trolling for trouble and picking arguments with other posters. You've done it with a number of people in this forum and done it on other MSE subforums too so it's a pattern of behaviour.


I'm fed up with coming here for some discussion and having a 'character' like you making snipes and dragging the whole experience down with an attempt to make things personal. Go address whatever issues there are in your real life that leave you looking for anonymous on-line aggression with strangers and this place will be better for you and for everyone else.

Dry your eyes !!!!!!, if you really weren't hoping for a recession then my comments wouldn't have started you blubbing. Had you said "Dithering dad is a short fat bloater", I would have laughed it off because it's not true. I probably wouldn't have even commented on it (for the record, DD is actually 6ft 3ins with iron hard muscles and a 6 pack). You on the other hand start crying on about Trolls and how awful it is when someone questions your posts - the usual tactic of someone who is on the ropes.

As Shakespeare says, "The lady doth protest too much, methinks".

neverdespairgirl

Dithering_Dad wrote: »

The only winners seem to be repo firms and bailiffs.

a few more - fraud lawyers and investigators (a downturn shows up dodgy practices in teh past, often) receivers, accountants?