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

Batchy

Blisk, you need to get out more, see how many people are in the market... see the FTBers enjoying the choice they have for a change, and having a bit of power of negotiation.

All this is good for the market. Finally, the FTBers have a little respect... they mean homeowners can finally move and buy another house.

Respect all round, we havent been bailed out by investors like the labour days... people are getting their own homes!!

blisk3

Batchy wrote: »

Blisk, you need to get out more, see how many people are in the market... see the FTBers enjoying the choice they have for a change, and having a bit of power of negotiation.

All this is good for the market. Finally, the FTBers have a little respect... they mean homeowners can finally move and buy another house.

Respect all round, we havent been bailed out by investors like the labour days... people are getting their own homes!!

No need, there is nothing to see in real time, it's happening slooowly.

blisk3

House prices falling, says survey

Poshbird

blisk3 wrote: »

No need, there is nothing to see in real time, it's happening slooowly.

Yes it has been and will continue to be a slow crash.

I am thinking the bottom will be about 2015 but could be wrong.

sabretoothtigger

The bottom is right now as finance costs form the larger part of a house purchase cost you wont get any cheaper imo

System

That's... a really creepy picture.

Poshbird

sabretoothtigger wrote: »

The bottom is right now as finance costs form the larger part of a house purchase cost you wont get any cheaper imo

You are right that borrowing will get more expensive and there will be less money available to buy property. This is why prices will continue to crash if someone wants to sell they will need to reduce price to find a buyer who can actually come up with that much cash.

Sibley

You are right that borrowing will get more expensive and there will be less money available to buy property. This is why prices will continue to crash if someone wants to sell they will need to reduce price to find a buyer who can actually come up with that much cash

Prices are not crashing. Why don't you take a look on estate agents websites before you post things like that?

sabretoothtigger

Yea I get that might happen. In real terms house value will likely fall but Im talking about the normal mortgage buyer, their biggest worry is the finance cost.

Also dont count on houses falling too much more as it is an asset that will adjust upwards with inflation, debt or cash is fairly fixed in comparison hence that ratio is a positive aid in paying.
Thats pretty much the majority of why rates are low

Another thing is international money, this is mainly for places like London but that knocks on countrywide. Just because uk people are poorer does not mean it will cause a fall directly linked to their decreasing budgets.

I think this might mean less sales as people just hold still and wait, moving is something that costs money after all. Cheaper just to stick if possible.
It'll be the reverse of all those housing programs where they keep moving and renovating, that was nice but it was also mostly unnecessary, basically a luxury.
People will just do without, this all does not guarantee forced sales or plunging prices. It will just be a more boring market
A forced sale can come from a new job so it might be the market rises in volume and finds its lowest price just as real sustained recovery in UK wages starts I dont think that will be a plunge, U shaped recovery, so long slow bottom to prices

So not more choice, unless the buyer is offering a real premium over market rate through better investment then housing has been and will be

Speak to someone who owned in the 70's see what they say.

Poshbird

Price means nothing as trillions of units of fiat currency are added to supply. Value is everything.

House prices the world over are crashing in value, how much stuff is worth the same as an average house. So houses are not the best protection against inflation now, because they are already so over valued.

http://www.youtube.com/watch?v=7Bb-Z2Zdueg