Just for fun. PLace your stakes and say when you think the bottom will be.

fimonkey

.. Sorry for long title...

Who's willing to make a definite predicton? Who has a crystal ball? I challenge you to put your neck on the line and state the month and year you think the bottom of the housing price crash will be. If you want to add reasons why then all the better. No !!!!!ing at each other please.

In the same vein, the popular media states the peak was OCt 2007. Who can prove they predicted this? (links to your posts/blogs please).

Let the challenge begin!

.. PS, no use me taking part personally, I almost bought a flat in Sept 2007 and was saved by the vendor pulling out. Therefore my powers of predicting the future of house-prices have already been shown to be flawed.

geoffky

2012 Aug 4,30pm

[Deleted User]

I'd hope somewhere around 2012 June and not before mainly because I'll have the deposit saved by then

ad9898_3

2007 was the end of the party, it will never return. Housing and house prices will be irrelevent in the large scheme of things, resource depletion, resources wars, famine and de-population of at least 2/3rds of the world's people will occur over the next 50-100 years.

If you are 40 or under, you are likely to see and experience things in the future that at this time you find unimagineable, and not in a good way.

Forget house prices, 2007 was the end of the line, in 2008 we saw peak oil finally rear it's head with $148 a barrel, this will be back with a vengeance with the slightest flicker of economic improvement. Think technology is going to rescue our way of life ????, it's not going to happen.

treliac

ad9898 wrote: »

2007 was the end of the party, it will never return. Housing and house prices will be irrelevent in the large scheme of things, resource depletion, resources wars, famine and de-population of at least 2/3rds of the world's people will occur over the next 50-100 years.

If you are 40 or under, you are likely to see and experience things in the future that at this time you find unimagineable, and not in a good way.

Forget house prices, 2007 was the end of the line, in 2008 we saw peak oil finally rear it's head with $148 a barrel, this will be back with a vengeance with the slightest flicker of economic improvement. Think technology is going to rescue our way of life ????, it's not going to happen.

Hmm, some grim doom-mongering. Fortunately (or not, as the case may be) we can't foresee the future. But lets maintain some optimism. Humans have faced and overcome very many challenges of the past.

[Deleted User]

ad9898 wrote: »

2007 was the end of the party, it will never return. Housing and house prices will be irrelevent in the large scheme of things, resource depletion, resources wars, famine and de-population of at least 2/3rds of the world's people will occur over the next 50-100 years.

If you are 40 or under, you are likely to see and experience things in the future that at this time you find unimagineable, and not in a good way.

Forget house prices, 2007 was the end of the line, in 2008 we saw peak oil finally rear it's head with $148 a barrel, this will be back with a vengeance with the slightest flicker of economic improvement. Think technology is going to rescue our way of life ????, it's not going to happen.

Sounds like a Hollywood blockbuster to me... Will? Will Smith anyone?

fimonkey

Doom and Gloom, Doom and Gloom.

I'm waiting for some more deflation, at which point I'm gonna spend some of my cash ISA on treats for myself. Then when rampant inflation returns I'll get a mortgage. Hopefully this'll coincide with the bottom of the housing market, .. but I have no idea when that'll be!

iltisman

2015 after bird flu has wiped out half the UK population.

Rochdale_Pioneers

August 29th 1997.

No wait, that was Judgement Day......

sarkin1

Next week, now cash the ISA and give me a call, only joking bottom will be middle of 2010

tom9980

End of 2010 will be bottom then a few years of stagnation before a long slow recovery over 5-10 years.