Estate agent told me prices were on the verge of going up again

Zelie

RecoveringAlcoholic wrote: »

Where would an EA get a grand from?

The ones I know of are very deep in debt.

Could she sell her mini perhaps?

moanymoany

baby_boomer wrote: »

Sometimes it's not just an e-mail. It can be more blatant.

Northern newbuilds to lead recovery says "research" from EA Knight Frank.

Roll up and get 'em while they're still cheap .

They are absolutely right. Near me is a massive developement of houses/flats crammed together like a honeycomb. They are selling so fast that the four builders I see working on there can't finish the thousand or so houses/flats quick enough.

Davesnave

Well, house prices are about to start going up, some time between now and 2011, probably. Of course the 'going up' may be preceded by a further period of going down, but eventually, if we survive 2012, people may see something like a return to 2007 values by, say, 2017, but it could be later.

TBH nobody, not even eminent economists, have any certainty about the price of houses in the future, so you have to ask yourself, if your agent 'knows,' what is he/she doing wasting his/her talents in what has become a dying industry?

Davesnave

Cat695 wrote: »

(the only reason I can think he was truthful with me was I'm a soldier and he is an ex soldier)

So all you ex-soldiers are normally lying b'tards, are you?:rotfl:

skap7309

Estate agent told me prices were on the verge of going up again...

Gas guzzling car manufacturers told me global warming was decreasing rapidly.....

Cat695

Davesnave wrote: »

So all you ex-soldiers are normally lying b'tards, are you?:rotfl:

Yes that makes lots of sense......the only person on this planet I would ever trust is another soldier. whether I knew them or not

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Davesnave wrote: »

Well, house prices are about to start going up, some time between now and 2011, probably. Of course the 'going up' may be preceded by a further period of going down, but eventually, if we survive 2012, people may see something like a return to 2007 values by, say, 2017, but it could be later.

TBH nobody, not even eminent economists, have any certainty about the price of houses in the future, so you have to ask yourself, if your agent 'knows,' what is he/she doing wasting his/her talents in what has become a dying industry?

You're right, however we could be sure that monopoly money wouldn't be needed again to purchase if the government would regulate that you had to have a minimum of 10% deposit and 3.5x single or 2.5x joint salary multiples weren't breached.

If these terms wer implemented and then properly regulated, once we were through recession the economy would pick up quite quickly. Imagine the vast amount of the public being able to buy things with cash instead of on the never never

People would have many more choices, couples with children would be able to choose whether both would like to work or maybe just one would work while the other stays and looks after the child. At the moment this is no option for many people who have to find huge sums of money for mortgages.

It could be so easily implemented too, there would be pain for some who bought in the last 2-3 years with little deposit but I'm sure its only a relatively small proportion of the whole market.

We can hope that perhaps Gordon may come out with a long term policy one day, instead of thinking of anything that will keep him in a job after 2010, I won't hold my breath.

gastroboy

The estate agent could be right.....if she was from 2015...........and in a desperate bid to save the last of her kind.....she sent one final email back to 2008 in the hope of starting another housing bubble......

hethmar

Well I think Cat's ea was being honest - Ive known a local EA for over 20 years and he was saying to me that he is telling ftbs to hang on til after Christmas when he reckons the prices will be at a low. He also said he expects the market to be poor until the end of next year but there will be bargains to be had in the meantime.

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hethmar wrote: »

Well I think Cat's ea was being honest - Ive known a local EA for over 20 years and he was saying to me that he is telling ftbs to hang on til after Christmas when he reckons the prices will be at a low. He also said he expects the market to be poor until the end of next year but there will be bargains to be had in the meantime.

EA's are dreaming if they think the whole crash scenerio is going to be over after Christmas or even this time next year, it's purely wishful thinking on their part.

No housing downturn in history as been over and done with in 12 months, the last one in the 90's took over 6 years before there was even a slight upward pressure on prices.

With the banking crisis, looming recession, huge amounts of personal debt, this downturn will probably last a fair bit longer.

They need to smell the coffee real sharpish otherwise they too will down the Post Office on a Monday morning.