We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Some People Still Think This Will Be All Over In A Few Years!!!
geoffky
Posts: 6,835 Forumite
I see some sellers are still thinking this is a blip and we are going to go back to 2007 levels in prices.
I reckon those prices were the very very top prices in a boom that will not be repeated for a very very long time.
So all these sellers hanging on for good prices are going to end up chasing the market down
The prices are being set in the margins now and the supply of money will not reach 2007 levels again in my lifetime.
I went through the 80s crash and this is ten times worse economically speaking and just can not see where their is any hope for a housing market that went up 300% in a credit bubble and then goes in to a recession and maintaining much of the gains that where a illusion financed by cheap and easy credit.
Those days are gone and will not return for a very very long time so houses and their prices have only one way to go and that is down whether you want to sell or not as it does not matter because the market has done all its work while you are waiting.
i really think 50 % at least falls are possible when i look at all the figures..
I reckon those prices were the very very top prices in a boom that will not be repeated for a very very long time.
So all these sellers hanging on for good prices are going to end up chasing the market down
The prices are being set in the margins now and the supply of money will not reach 2007 levels again in my lifetime.
I went through the 80s crash and this is ten times worse economically speaking and just can not see where their is any hope for a housing market that went up 300% in a credit bubble and then goes in to a recession and maintaining much of the gains that where a illusion financed by cheap and easy credit.
Those days are gone and will not return for a very very long time so houses and their prices have only one way to go and that is down whether you want to sell or not as it does not matter because the market has done all its work while you are waiting.
i really think 50 % at least falls are possible when i look at all the figures..
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
0
Comments
-
Phew! - I thought you meant the economy there, for a minute.
I really, really hope that will sort itself out sometime soon.
House prices? That's a different matter. Down with them!0 -
Eventually they will be enough forced sales to bring the dreamers into line. The more people who get burnt with high house prices the better, that way we might not let this madness happen again.0
-
carolt i reckon we will have at least two years of job losses and the four day week will enter the arena at some stage.
where the take up of new jobs starts and in what industry god only knows and all the crap stuff that people have believed makes thier life better is being built elsewere so i think alot of these jobs that are being lost will never return.. not what we want to hear but i just do not see where future job gains are going to come from unless they mange to pull off the great escape and find oil and gold in slough...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
overlander wrote: »Eventually they will be enough forced sales to bring the dreamers into line. The more people who get burnt with high house prices the better, that way we might not let this madness happen again.
Agree with most of your post but I don't want people to suffer who bought in all innocence - those genuine buyers who worked and saved their butts off in order to buy their own home - and were manipulated into a sickening trap!0 -
carolt i reckon we will have at least two years of job losses and the four day week will enter the arena at some stage.
where the take up of new jobs starts and in what industry god only knows and all the crap stuff that people have believed makes thier life better is being built elsewere so i think alot of these jobs that are being lost will never return.. not what we want to hear but i just do not see where future job gains are going to come from unless they mange to pull off the great escape and find oil and gold in slough...
If we're to climb out of this mire, we need to come up with something of value to trade with the rest of the world.0 -
carolt i reckon we will have at least two years of job losses and the four day week will enter the arena at some stage.
where the take up of new jobs starts and in what industry god only knows and all the crap stuff that people have believed makes thier life better is being built elsewere so i think alot of these jobs that are being lost will never return.. not what we want to hear but i just do not see where future job gains are going to come from unless they mange to pull off the great escape and find oil and gold in slough...
No idea either, but I hope we just muddle through, somehow.
Very British, and the best idea I've got anyway.0 -
negative bus , negative bus all abroad
Slimming world start 28/01/2012 starting weight 21st 2.5lb current weight 17st 9-total loss 3st 7.5lb
Slimmer of the month February , March ,April
0 -
realism= better prepared for what comes your way...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
I agree with your post. But try telling all those sellers on rightmove that they won't get 2007 prices.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards