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

sabretoothtigger

Price matters when your bill depends on it and its the trillions added that makes the debt cost less and therefore the cost of the house overall better value


Houses are over valued if you can buy or use something cheaper. In this part of the world therefore houses are not massively overvalued.
We are very different from USA with our more expensive land which represents the longer term worth and houses of brick not wood

Jimmy_31

Sibley wrote: »

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

I tried checking my local EAs website but it's gone so I went to his place of business and he wasn't their either so I still couldn't ask him if what you say is correct, there was a few lads at his place of business but they couldn't really tell me much as they were very busy installing all the new cooking equipment into the premises, apparently it's going to be a chippy now.

Every cloud

nembot

Sibley wrote: »

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

See the land registry report for Wales, some areas have lost 20% in a year.


Not crashing..... pah!

tara747

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

Oh right. And what happens when borrowing costs and mortgage rates go up? :cool:

Poshbird wrote: »

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.

Exactamente my friend.

tara747

Sibley wrote: »

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

*Asking* prices you mean? That's just hopeless delusion on the part of overstretched sellers.

Big difference between asking and selling prices in a lot of cases.

The spring bounce has been cancelled this year... it's the spring splat. :rotfl:

sabretoothtigger

Oh right. And what happens when borrowing costs and mortgage rates go up?

It will cost more.

Its not certain this will produce forced sellers. Alot of people are better off now with lower costs to housing then ever before. SO its a low percent of their costs, how far this swing back Im not sure maybe 50% of income to housing ?

That cant last, I estimate the market will stagnate not sell off unless we have great excess of rentable housing as a cheaper alternative to owning. I'm not bullish on housing but expecting a great drop in price also is unlikely.

The trillions printed off is a reason for price increases, someone will be buying and probably at similar prices (on average) to now for years to come

blisk3

Sibley wrote: »

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

Slow, steady, quietly.

No point in asking estate agents, they still live in dreamland.

Poshbird

nembot wrote: »

See the land registry report for Wales, some areas have lost 20% in a year.


Not crashing..... pah!

The rest of the country will follow shortly!!!!!!!!!!!!!!

Sibley

Slow, steady, quietly.

No point in asking estate agents, they still live in dreamland.

Dreamland?

You want to buy something cheap but the sellers won't drop the price.

Now you are paying somebody elses mortgage. Enjoy.

Poshbird

Sibley wrote: »

Dreamland?

You want to buy something cheap but the sellers won't drop the price.

Now you are paying somebody elses mortgage. Enjoy.

Just wait a few years if the sellers do not drop the price they will not sell period. Hope hey can still afford the mortgage when payments go up.