House price crash on hold again

distilled

Send me your CV lol!

nmiah786

I got no front end sales experience apart from the numerous sales jobs I did while at uni (6 years ago) so I guess my CV will go straight to the bin!!!! I'm an engineer by profession and into property as a hobby, I guess I'm resigned to that fact!!!

Thanks nonetheless!! :beer:

Rave

Hmm- indeed the crash was on hold....for two days:

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/12/21/cmnhouse21.xml

I personally couldn't afford to buy right now even if prices crashed 50% overnight....I just like laughing at greedy people, and trust me I will be laughing hard when prices come down:).

sleepy

Rave wrote:

Hmm- indeed the crash was on hold....for two days:

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/12/21/cmnhouse21.xml

I personally couldn't afford to buy right now even if prices crashed 50% overnight....I just like laughing at greedy people, and trust me I will be laughing hard when prices come down:).

Why do you have to be greedy to buy property? My boyrfiend and I just bought our very first house together, as we'd rather buy than carry on renting. So I personally don't want the market to have a huge crash, not because I plan on making money out of our home, but because I don't want to loose all our money.
Not everyone who buys a house is a developer or is buying to let. Someof us just want a home.

Woby_Tide

Rave wrote:

Hmm- indeed the crash was on hold....for two days:

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/12/21/cmnhouse21.xml

I personally couldn't afford to buy right now even if prices crashed 50% overnight....I just like laughing at greedy people, and trust me I will be laughing hard when prices come down:).

I take it you've read about the first two lines of the report, rather than the last two paragraphs of the same report before making your first comment:rolleyes: :silenced:

kinster_2

Rave wrote:

Hmm- indeed the crash was on hold....for two days:

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/12/21/cmnhouse21.xml

I personally couldn't afford to buy right now even if prices crashed 50% overnight....I just like laughing at greedy people, and trust me I will be laughing hard when prices come down:).

so whoever 'owns' residential property you think is greedy? LOL, how narrow-minded because you can't 'afford' one yourself? Be creative and stop hating...

BobProperty

I get to read the Telegraph Money and Property sections every Saturday. I am always amused that whatever the situation or statistics there's a story - but then that's what journalist's do, after all they have to come up with something each week. (The classic headlines like "Super Cally were fantastic Celtic were atrocious" and "Vicar's wife runs off with Chinese bacon man from Co-Op" are once in a journalist's lifetime) What annoys me is that in a year or two they pull out a quote from the past saying look we told you so, like you should(n't) have invested in this fund/area/holiday home and make out that they know it all. They probably ran the opposite story within a month or two of the first one but don't highlight that. Hindsight is a wonderfull thing. So don't forget, when there is a house price crash (and we'll tell you when there is one) then you'll be able to read where we predicted it first.

Rave

sleepy wrote:

Why do you have to be greedy to buy property? My boyrfiend and I just bought our very first house together, as we'd rather buy than carry on renting. So I personally don't want the market to have a huge crash, not because I plan on making money out of our home, but because I don't want to loose all our money.
Not everyone who buys a house is a developer or is buying to let. Someof us just want a home.

I won't be laughing at you, I'll be laughing at the Buy To Let merchants and amateur 'property developers' who have hyped the market up so ridiculously. In fact my brother and my dad have both bought flats this year at IMO hugely inflated prices....so I won't be laughing at them either. My dad can afford to lose money, my brother can't really.

Still, if you or he get stranded on the bottom rung of the 'property ladder' when prices drop, I'll have no sympathy either. You can't say you weren't warned.

deemy2004

GingeG wrote:

Strangely

Deemy and meanmachine are very quiet!!

Yes, proved wrong, the fall has not happened as expected.

SO ?

Like meanmachine - not looking to buy - invested large chunks of capital elsewhere.

As for what the housing market will do ? Well until they go back inline with average earnings, I am a permabear on housing. At best they will stay static in nominal terms i.e. a fall in real terms 8% in 3 years at worst fall 30% in real terms.

So yes, still a housing bear !

:xmassign:

The point is we are in a difficult time, so many conflicting factors.

kinesin_2

Woby_Tide wrote:

I take it you've read about the first two lines of the report, rather than the last two paragraphs of the same report before making your first comment:rolleyes: :silenced:

The part about RICS guessimating a 4% rise. Tho if you read the other threads and read the full RICS report it stated that the original figures were -24vs11 in favour of a fall.. but RICS decided that the xmas period makes the surveryors too gloomy so they added 13 to the -24 :snow_laug

Oh but last year the same period didn't.. - I'm not saying their a VI and fudge the figures..but just maybe

edit: FT article here. http://news.ft.com/cms/s/13d6f558-70fd-11da-89d3-0000779e2340.html

Also note that this was done survey was done before GB sipps withdrawal