Debate House Prices


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

18182848687109

Comments

  • Poshbird
    Poshbird Posts: 222 Forumite
    Conrad wrote: »
    Why do you frame you lifestyle, your 20,000 or so awake days on Earth in terms of money and realtive wealth measurments?
    Is money your God?

    Why would you come to that conclusion? Do you think that about everyone who talks about wealth cycles?

    Its just one part of my life, I do think its important but not the most important thing.
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    tara747 wrote: »
    Yeees, and what happens then?



    and then they live happily ever after. This is a bit like saying people will sell their cars when petrol prices rise. Train fares tend to rise at the same time so what happens to houses will not likely be in isolation.

    Im presuming that was your point

    5 or even 10% I think will be normal rates but now is abnormal, anyone relying on that to last would suffer I'd agree.

    Cost of living will rise but would people not agree general living standards have greatly risen over the last 20 years, its going back some now.
    I still see the early nineties unemployment problem as worse then now, maybe that level is where we will end up but right now its not at all bad relatively
  • debtistheft
    debtistheft Posts: 267 Forumite
    Unless home owners want to stay in their overpriced houses indefinitely they will have to reduce their prices. They have already been locked into their castles of greed for 4 years since the great crash of 2007. Will they wait another 4 years? I think not.

    “And I will smite the winter house with the summer house; and the houses of ivory shall perish, and the great houses shall have an end, saith the LORD.”
  • blisk3
    blisk3 Posts: 204 Forumite
    Sibley wrote: »
    Dreamland?

    You want to buy something cheap but the sellers won't drop the price.
    Because they are stupid & in denial, spent too many years watching phil & krusty, sarah beenie & all the other property hype !!!!!!.
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    edited 19 May 2011 at 7:41PM
    Because they are stupid & in denial

    Or living in the house, using it everyday making good use of it. If people speculate or overbuy by getting a 6 bedroom house for 2 people then sure its hype and they are flaky.

    But alot of holders need that house, selling is not much of an option in many cases.


    Look first for rental prices to drop greatly. If that happens, its opening up a path for people to move to. I guess there is also mass migration
  • blisk3
    blisk3 Posts: 204 Forumite
    selling is not much of an option in many cases.
    Not if the market is stuck & unrealistic with everyone still holding out for out of date old high prices.

    Many won't be selling if they don't drop their prices,, they'll be waiting a long time for the good old days.
  • matbe
    matbe Posts: 568 Forumite
    Part of the Furniture 500 Posts
    Unless home owners want to stay in their overpriced houses indefinitely they will have to reduce their prices. They have already been locked into their castles of greed for 4 years since the great crash of 2007. Will they wait another 4 years? I think not.

    “And I will smite the winter house with the summer house; and the houses of ivory shall perish, and the great houses shall have an end, saith the LORD.”


    Jesus Freak.

    Try prison planet thats more up your street.
  • debtistheft
    debtistheft Posts: 267 Forumite
    matbe wrote: »
    Jesus Freak.

    Try prison planet thats more up your street.

    Why are you so afraid?
  • Poshbird
    Poshbird Posts: 222 Forumite
    blisk3 wrote: »
    Not if the market is stuck & unrealistic with everyone still holding out for out of date old high prices.

    Many won't be selling if they don't drop their prices,, they'll be waiting a long time for the good old days.

    They may have to wait until mortgage payments go up so much that auction house will be flooded with property`s that the old owners couldnt keep up with their payments.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Why are you so afraid?

    You've asked this sevral times, so lets now turn your apparantly valid question back on you.

    Why are you so afraid of home ownership? Much less than than 1% were repossesed in the last 30 years. Why so afraid of a small and manageable risk? Driving is risky, should we refrain?
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