Some People Still Think This Will Be All Over In A Few Years!!!

louiser123

hi everyone,

have been reading the posts, can i ask what does HPC mean?? i have seen this allover but have no idea!! lol

Really2

billythetramp wrote: »

i am looking straight at it how it is ,not through rose coloured glasses.imo which i am entitled to (quote):T

You can look how it how you like. It will still be the vast majority of the population who escape relatively unscathed.

PS how do we know what colour your glass's are.;)

davilown

louiser123 wrote: »

hi everyone,

have been reading the posts, can i ask what does HPC mean?? i have seen this allover but have no idea!! lol

house price crash I believe

davilown

Anyway, after hearing the news today, i think you've all manage to get cheap Nescafe with the vouchers shown to your left in the deals section, and all started hallucinating, seeing ghosts and hearing voices:rotfl:

geoffky

sorry been watching mandy on newsnight did i miss anything?

geoffky

ess0two wrote: »

It gets better,hi geoff.

I would not know where to start and wonder how they do it also.football is on itv so goodnight all

billythetramp

Really2 wrote: »

You can look how it how you like. It will still be the vast majority of the population who escape relatively unscathed.

PS how do we know what colour your glass's are.;)

I hope your correct in your theory and i am wrong .
the glass,s i am wearing at the mo are a bit clouded over :eek:

however i can see the wood through the tree,s

mr.broderick

geoffky wrote: »

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..

They are always set at the margins, geoff are you b.uggering off back to gran canaria any time soon? I for one, will not miss you. You're a bloody loonie.

dopester

treliac wrote: »

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.

I think I've got a solution to it all. An unconventional but simple strategy that would help fix a lot. Limit job losses, the pain of a deep long recession/depression - not just here, but all around the world - whilst actually spur business and trade at little cost, whilst also being providing government with good returns.

However it could be flawed in a couple of areas where my expertise is slightly limited, and Gen might rip up the flaws. Maybe when I'm more confident I'll outline my "plan."

stevetodd

Really2 wrote: »

But Geoff what happend last time as put you in a better posission this time.
But why you would be any better at seeing the future this time round is beyond me.
Last time you got it wrong so this time you are bound to think it is going to be worse as it was so bad for you last time. (also you are prepared for the worst so you kind of want it otherwise your preperation may have not been partialy wasted, although sensible)

The vast majority will still get through virtualy unscathed. Unfortunatly we don't know who.

He doesn't seem to realise that this is a cycle, some sheeple thought house prices go up forever, some right now also think everything has ended and nothing will be the same again, whereas it's just a simple (although serious) inevitable downturn. This will happen again and again and in about 2025-2030 (ish) someone on here will be saying something like " Yes but this recession is much worse than the 2007-???? downturn because in that one interest rates were slashed to next to nothing very early on and it still took a few years etc etc..... It is the end of the housing market things will never be the same again".

Even when someone points out that this has also happened in the 1970's, 1980's-1990's and 2000's-2010's they will not accept that it is merely cyclical. They will concontrate on particular reasons why the latest recession started and citing it as totally different instead of realising a correction (as part of a cyclical market) was invetibale. But it doesn't mean that it's end of civilisation as we know it. I remember in the 70's when we went onto a 3 day working week a lot of my friends and colleagues thought it was the end of the world. In the early 90's some I knew actually said house prices would never rise again and handed their keys back (crazy I know but they did it).Yes it's bad right now, but it will be good again, then bad again etc etc.