Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

blisk3

only way is DoWn with triple dipper on the way !

House prices fall, says Halifax

sabretoothtigger

This car in 2012 dollars is $8300 If you keep the 100 dollars you lost alot of money. If you had kept the car it'd be worth far more then 100 as an antique. If at the time you'd gone to the bank and changed dollars for gold as you could then it'd be 8300 as mentioned.

Theres no scenario at present for houses that really says unlike this car you are going to lose a significant amount. Like the 1920's we have a crazy economy with inaccurate prices, all you have to do now is to fix your rates and pay the mortgage and there'll be no crash.
Sell the house, keep the cash as cash and theres the crash

Conrad

sabretoothtigger wrote: »

Sell the house, keep the cash as cash and theres the crash

Lots of my clients are making very handsome income profits on thier properties, where a good proportion of them have been enjoing super low mortgage rates around 1 or 2%.

At the same time thier rents have been rising rapidly in the last few months as ever more people are declined a mortgage.

I do believe in holding some cash for the long term compounding benefits it may bring.

IveSeenTheLight

I note the House Price Crash Discussion thread has been locked.
Time to take the pin / sticky off and let it slide into the archives.

sabretoothtigger

This WSJ game seemed appropriate to this thread as it is literally about not crashing
Steer the QE helicopter, keep unemployment under 10% and inflation under 5%

http://www.zerohedge.com/news/2013-05-30/being-bernanke-game

OffGridLiving

So... 52 pages and no crash. In the words of Comic Book Guy from the Simpsons, "I've wasted my life".

chucknorris

SAVING_IS_DEAD_MONEY wrote: »

In an act of humble pie eating for the OP the mods should close this thread immediately.

Thank if you agree.

I strongly disagree (but thanked you anyway), leave the thread here to show how wrong they were.

OffGridLiving

chucknorris wrote: »

I strongly disagree (but thanked you anyway), leave the thread here to show how wrong they were.

And some of the die-hards are still wrong and still spouting the same claptrap. They must work on the principle that even a stopped clock is right twice a day. Unfortunately for them , the timescales on the economy aren't 24 hours, so they could be waiting another decade before they are proved right.

Meanwhile the rest of us will be close to being mortgage free, will have built up our pensions in the stockmarket and will be looking at winding down to retirement.

Life is just so much better being an optimist rather than a pessimist.

JencParker

SAVING_IS_DEAD_MONEY wrote: »

In an act of humble pie eating for the OP the mods should close this thread immediately.

Thank if you agree.

I've only read the first page, but I can't see any sensible debate in it. It just seems to be yet another sensationalist thread designed to wind people up - so common on this forum from all sides and so many posters seem to relish in getting involved in them. :rotfl:

Ronaldo_Mconaldo

'Get out while you can'.

We bought our house in May 2008. No doubt i'll have read this thread and listened much of the other hysteria in those uncertain days and been very concerned. By October this year we should have paid off £70 grand of what we paid (£148k). Quite glad I didn't out out. May rising house prices bring misery to all who didn't stay the course.