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

sabretoothtigger

Fc I dont think uk will go bankrupt, the actual events will probably be much more boring, spread out and less dramatic.

Im waiting for credit crunch the movie starting tom cruise as Mr brown but I dont think reality will be that exciting

As to tips, I dont really aim to do that kind of thing. People have to decide for themselves how important all this info is, in what proportion to their own circumstances.
A good tip I did read on here was someone who is maintaining their mortgage payment as it falls so that even though its falling, they are still keeping back the same amount every month and putting it towards future bills. Like if rates went up, this would be great thinking

fc123

sabretoothtigger wrote: »

Fc I dont think uk will go bankrupt, the actual events will probably be much more boring, spread out and less dramatic.

Im waiting for credit crunch the movie starting tom cruise as Mr brown but I dont think reality will be that exciting

As to tips, I dont really aim to do that kind of thing. People have to decide for themselves how important all this info is, in what proportion to their own circumstances.
A good tip I did read on here was someone who is maintaining their mortgage payment as it falls so that even though its falling, they are still keeping back the same amount every month and putting it towards future bills. Like if rates went up, this would be great thinking

I guess you mean that day to day (or even month to month) changes aren't that obvious but after 5 years, say, when one looks back, then the change is there for all to see.
I am just having that with a decade of price deflation in my sector. Whilst it was happening, of course we noticed but. only now, do we feel the full impact.

BTW, are you going to start a STT thread just for you?

sabretoothtigger

Yea the account balance is a long term thing
My o level business studies doesnt allow me to judge exactly how important it will be in day to day buiness for us little peons

Ive started a couple of threads myself but they werent terribly popular, I think people prefer soap opera type subjects and I like the figures and the graphs more

I'd rather bump old threads so a proper conclusion and insight can hopefully be drawn not momentary superlatives. Im not sure what a STT blog would look like, a total mixmash probably

StevieJ

I have noticed that a lot of companies are now incorporating credit crunch in their advertising e.g have a credit crunch weekend Maybe we are not far from the end.

StevieJ

john539 wrote: »

United Kingdom, 3rd from bottom.

Wonderful, says it all.

179 United Kingdom -105.224
180 Spain -145.141
181 United States -731.214

Not really :rolleyes:

RDB

The house price boom of the late 90s to 2007 was arguably the biggest suckers rally in history. It convinced many people that wildly overpriced houses represented a new reality. The fact that many people were buying houses they could not afford did not matter. In a rising market, the lenders could always recover the outstanding loan when borrowers defaulted.

Houses will never return to 2007 prices (in real terms). They will fall until lenders feel safe again (3 to 4 times earnings). Thereafter, they will track inflation. I also suspect there will be a fair bit of overshoot on the way down.
Anyone who is hoping for another roller coaster is going to be out of luck. Lenders have come close to bankrupting the world (and we are still not out of the woods, it could still happen). Banks will never be given the freedom to lend again like this.

If you are trying to get a house at the best price, I should wait a few years. Renting is comparatively good value and getting cheaper(especially in London rents are going to fall a long way). House prices are a one way bet for the next few years. If you are looking to make money, I think you are probably 15 years too late.

Some of the biggest price falls are shown here, but I still think prices have long way to fall.

http://www.propertysnake.co.uk/

sabretoothtigger

john539

So where are we in this Crash, beginning, middle or end ??

If only we could predict the future.

[Deleted User]

sabretoothtigger

Beginning John, the investment markets operate forward though so its more debatable there but I think further falls and/or poor growth are quite likely