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Debate House Prices
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Why house prices may fall another 38%
Comments
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Exactly! I'm waiting 2-3 years before I think seriously about property purchase.
Why are you waiting 2-3 years to buy? We are all very educated about what is happening but we don't really know what will happen..... because no one (well only a very very few people/companies) predicted the recession & credit crunch and if you wait and wait & wait you might find the economy recovering or something happen that you have not predicted which means that you cannot no longer afford you house. (sorry for this long sentence)
So I am personally waiting for my income and saving to increase over this year and also for prices to decrease enough for me to afford to move to a more expensive house in a better area.“…the ‘insatiability doctrine – we spend money we don’t have, on things we don’t need, to make impressions that don’t last, on people we don’t care about.” Professor Tim Jackson
“The best things in life is not things"0 -
So how the hell do you know.
You are speaking purely on opinion. The cost of living in this recession is much lower (inflation, IR etc)
So stop going on like you know because you dont, people always fear the future and look at the past with rose tinted glasses.
Ask some one who lost their job in the 70s 80s or 90s and see how they got on.
The low IR at the moment mean a lot can still survive on one wage unlike then.
I hate the "uni" crowd going on how worse it will be this time without living through one.:rolleyes:
At least we don't have Thatcher and the let them eat cake brigade. In the 80's Thatcher decided that tough love was the answer, no help to industry and the oil revenues could pay the dole bills, I think it was 1984 when we finally became manufacturing negative. A loss of 30% of UK manufacturing capacity and 1.5 million manufacturing jobs, most never to return. If this is worse than that God help us
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I
I don't know for a fact what will happen, no one does but I work int he financial sector and have a basic understanding of economics and the inter-relatedness of things financial and it really scares me where we are. The fact that if there hasn't been bailout part I the entire western financial system would have collapsed is terrifying.
Take your anger at the "uni" crowd elsewhere!
Well there you go your fear is for your own job.
Stop blowing smoke up your @rse you know nothing about me but I can asure you the 2001 dot com crash effected me a whole lot more than this.
You only look at yourself you selfish little tyke.
Now get doing some work. No wonder we are in this mess when all the financial sector spend all day talking about financial doom on the net.:rotfl:0 -
Why are you waiting 2-3 years to buy?
Because I don't believe that house prices will bottom out before then.We are all very educated about what is happening but we don't really know what will happen.....
Agreedbecause no one (well only a very very few people/companies) predicted the recession & credit crunch and if you wait and wait & wait you might find the economy recovering or something happen that you have not predicted which means that you cannot no longer afford you house. (sorry for this long sentence)
Actually quite a lot of people have predicted a house price correction. For example, see www.housepricecrash.co.uk...So I am personally waiting for my income and saving to increase over this year and also for prices to decrease enough for me to afford to move to a more expensive house in a better area.
Good luck
0 -
Why are you waiting 2-3 years to buy? We are all very educated about what is happening but we don't really know what will happen..... because no one (well only a very very few people/companies) predicted the recession & credit crunch and if you wait and wait & wait you might find the economy recovering or something happen that you have not predicted which means that you cannot no longer afford you house. (sorry for this long sentence)
So I am personally waiting for my income and saving to increase over this year and also for prices to decrease enough for me to afford to move to a more expensive house in a better area.
(sorry for this long sentence)
So lets make it longer
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Well there you go your fear is for your own job.
Stop blowing smoke up your @rse you know nothing about me but I can asure you the 2001 dot crom crash effected me a whole lot more than this.
You only look at yourself you selfish litle tyke.
Now get doing some work. No wonder we are in this mess when all the financial sector spend all day talking about financial doom on the net.:rotfl:
Actually I don't fear for my job - I know I will be unemployed at the end of February :rolleyes:
The only person living in smoke is you - you can't see more than 10m in front of you.
Not suite sure what you find selfish about me - would you like to elaborate?
Or is it the fact that I am part of the "uni" crowd? (Nothing wrong with education you know).0 -
Yes there is; have a peak here
http://www.york.ac.uk/inst/chp/hsa/papers/kiddle.doc
otherwise speak to this chap - he know everything http://forums.moneysavingexpert.com/member.html?u=220762
Thanks for this but I cannot open the file? My word is asking what format the file is in. I have tried all sorts of formats but non work.“…the ‘insatiability doctrine – we spend money we don’t have, on things we don’t need, to make impressions that don’t last, on people we don’t care about.” Professor Tim Jackson
“The best things in life is not things"0 -
Actually I don't fear for my job - I know I will be unemployed at the end of February :rolleyes:
The only person living in smoke is you - you can't see more than 10m in front of you.
Not suite sure what you find selfish about me - would you like to elaborate?
Or is it the fact that I am part of the "uni" crowd? (Nothing wrong with education you know).
I am sorry about your job mate but some companies are still growing.
Like I said 90% will still be employed unfortunatly this time it is the people who thought they were untouchable who are bearing the brunt (the financial sector) and the current mess shows how untouchable the financial sector thought it was.0
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