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

blisk3

Get out while you can.

Running_Horse

Who cares?

My mortgage is half what the rent would be.

Prices rise, prices fall, but home is still home for my family.

Pete111

Question for the bearish types

If 2011 doesn't result in average falls of say 10%+ will you call it a day on this whole 50-70% off thing?

I think we are going to see stagnation with some parts of the UK (Ie the SE) keeping it's head above water personally but there you go

Pete111

Running_Horse wrote: »

Who cares?

My mortgage is half what the rent would be.

Prices rise, prices fall, but home is still home for my family.

An excellent point. (though mine is more like 1/3rd!)

P

blisk3

Running_Horse wrote: »

Who cares?

My mortgage is half what the rent would be.

Prices rise, prices fall, but home is still home for my family.

All the people who worry about house prices now & in future

geneer

Pete111 wrote: »

Question for the bearish types

If 2011 doesn't result in average falls of say 10%+ will you call it a day on this whole 50-70% off thing?

:rotfl::rotfl::rotfl:
is that the bearish consensus is it?

you have to laugh at the wriggly realignment of it.
House prices only fell 30%...so the bulls win! :T

Cleaver

Pete111 wrote: »

If 2011 doesn't result in average falls of say 10%+ will you call it a day on this whole 50-70% off thing?

There isn't really anyone on this site (is there?) that thinks there will be falls of 50% to 70%. Macaque just has a bit of a laugh and Brit is akin to a conspiracy nut who will never really change his opinion whatever the facts in front of him.

Most of the other bearish posters on here have looked at the fundamentals and feel that there's a strong possibility of house price falls over the next few years. Which seems just as reasonable a prediction as stagnation or slight rises.

sabretoothtigger

For the housing bears, what do you think sterling index will do in 2011 ? In 2005, it was 100, now its recovered to 80 so will it rise in 2011 maybe

What if uk money went down again, would house prices fall or stay the same

diable

Cleaver wrote: »

Most of the other bearish posters on here have looked at the fundamentals and feel that there's a strong possibility of house price falls over the next few years. Which seems just as reasonable a prediction as stagnation or slight rises.

I blame those foreign fundamentalists as well.......................

sabretoothtigger

Cleaver wrote: »

There isn't really anyone on this site (is there?) that thinks there will be falls of 50% to 70%.

Most of the other bearish posters on here have looked at the fundamentals and feel that there's a strong possibility of house price falls over the next few years. Which seems just as reasonable a prediction as stagnation or slight rises.

My mortgage is half what the rent would be.

If money isnt in housing where is it going to be better used. It could happen but where is the money going to.
If people can pay the mortgage it seems likely they will continue to do so as selling now would lose more then it will gain for most.

If people were emigrating and using the money to settle elsewhere that'd make more sense.


House prices can fall literally and obviously as the number reduces. Or what we can see and is more likely that prices will stay the same and the cost of everything else goes up so in effect the house is worth less.

So 1990 to 2010 prices roughly doubled on everything roughly. If your house didnt double also in price, it went down in effect as in it became cheaper relative to the rest of the economy.


Short story is nobody is making money from housing, not the bears who bet they will get a bargain. Not the bulls who still think a house is for profit.

What will happen is people pay a bill for the house each month, you lose part of your income and you get to keep the house and thats it. Till the next boom, no profit