When do you think house prices will hit the bottom of the market?

harryhound

Is potentially "rich !!!!!!" the phrase you are looking for?

Me thinks this might be something to do with shooting the messenger?

A bit exuberant perhaps:
http://en.wikipedia.org/wiki/Schadenfreude

penguine

June 2013 or later

Mary_Hartnell wrote: »

Are you thinking "depression"?

I think it's a possibility, and that if the worst we get is a severe recession, we'll have gotten off lightly. Speaking to friends and relatives in the US, no one but my grandma (who lived through the Great Depression) can remember anything like this crisis happening before.

StevieJ

June 2009

penguine wrote: »

I think it's a possibility, and that if the worst we get is a severe recession, we'll have gotten off lightly. Speaking to friends and relatives in the US, no one but my grandma (who lived through the Great Depression) can remember anything like this crisis happening before.

I think that is what they say about women and babies, they wouldn't have another one if they could remember what it was like last time (i.e. bad times are often blanked from the mind), I think we need to see how this spins out and judge it looking back.

dopester

June 2013 or later

Nagiw wrote: »

What a horrible person.

Yes. Go on then. Leverage yourself in to BTL when you think the market has bottomed.

Just don't blame me if your gamble sees you lose your own home from your risk and utter stupidity.

besonders1

June 2013 or later

Op's original Question

When do you think house prices will hit bottom of the market?

Answer;- When the banks start to offer mortgages to people on Job Seekers Allowance

neverdespairgirl

June 2012

StevieJ wrote: »

I think that is what they say about women and babies, they wouldn't have another one if they could remember what it was like last time (i.e. bad times are often blanked from the mind), I think we need to see how this spins out and judge it looking back.

My mother remembers it well, each time. She had 4 (-:

John_Pierpoint

They also say that if men and women took it in turns, there would be some 3 child families but no 4.

StevieJ

June 2009

neverdespairgirl wrote: »

My mother remembers it well, each time. She had 4 (-:

Exactly, she thinks she does.

ad9898_3

December 2010

besonders1 wrote: »

Op's original Question

When do you think house prices will hit bottom of the market?

Answer;- When the banks start to offer mortgages to people on Job Seekers Allowance

You can tell by the LTV's being offered by the banks for their best mortgage deals (60% now) how far prices still have to go, they need savings to be able to lend, packaging up mortgage debt and selling it on in the markets as pretty much completely dried up.

What I'm am shocked at is when Brown/Darling ask for 2007 lending to be restored they totally fail to understand where the banks used to get their money from to sustain the ridiculous prices. Brown/Darling, if you are reading this, they didn't get it from anywhere, it was made upon a computer screen, in a hope that if prices kept going up, the debts would be covered by the rising asset, and to think these people are running the country, god help us.

Bottom of the market usually happens when the public feel confident about what they can afford, the difference this time, is the banks are in the same position.

Thermidor

December 2009

Nagiw wrote: »

What a horrible person.

Repugnant little being! I absolutely agree. I'm further surprised that some people have thanked some of his comments. I can only imagine they are his pseudonyms or the people agreeing with him are as sick as he is.