How long will this last?

ad9898_3

2019+

That's a good graph bubbles, it shows now that we are in the worst financial situation since the Great Depression, will it be as bad, time will tell I guess, it feels grim though.

arealbasketcase

2012

I'm not sure I want house prices to return to the 2007 level - and I'm trying to sell one!

The boom was based on almost nothing but credit, OK so I'm over simplifying but I guess you know what I mean. I have friends who have been living the life by re-mortgaging to finance cars, holidays and "shopping" based on nothing more than the notional value of their home.

I'd much rather see the financial institutions taking intelligent risks, rather than creating yet another bubble whether it be the south sea bubble or the sub-prime mortgage bubble. I just spand a few hundred years of history in a sentence - my guess is the next bubble is right around the twelve year corner - the city fat cats need a bonus like a junkie needs a fix!

Twelve years is also about the amount of time it takes for the next generation of financial risk takers to become so conceited as to think they have been so clever as to find the goose with it's proverbial golden eggs that every previous generation was too stupid to find.

Me cynical, never!

Dan:_4

2016

I have sobered up since I posted this poll and may have done things a little different if I wernt on ths p!ss.

In this case, forget inflation - I am mearly talking about the 2007 figures.

ad9898_3

2019+

Dan: wrote: »

I have sobered up since I posted this poll and may have done things a little different if I wernt on ths p!ss.

In this case, forget inflation - I am mearly talking about the 2007 figures.

In that case then, I reckon 2016-17.

bubblesmoney

2018

have a look at this. wonder if something similar occurs everywhere.

The Herengracht index shows real prices in the early 1970s were little changed from 1650.

so now we have data from both usa (i have posted the graphs in other recent posts) and holland that over the longterm the inflation adjusted prices dont change but there will be periodic fluctuations on both sides of the average price. wonder if someone can give a link to such data for the uk. market oracle has a couple of articles on this issue but they refer only to prices till 1983 during the analysis. searched the nationwide website a s well and couldnt find any inflation adjusted figures for long term price trends for the uk.

besonders1

2019+

I think they'll see a few years going down before they go back up (if ever to 2007 levels) in a decade's time. I would imagine that the government would be more skeptical about future house prices increases and warning signs. Although, I do agree that greed is blinding and one day people will "forget" about this, maybe in 50 years time we will see prices shooting up to silly levels and we'll probably be accused of going "senile" for believing that there was a crash in the year 2007/8!
At least there is one good thing, that the obsession with the value of people's homes is starting to die out, and is something that homeowners just don't want to talk about now!

1echidna

2014

I go for 2014, mainly because I think quantitative easing will be too easy a way for gov'ts (here and elsewhere) to inflate their way out of some of their debts. Nothing like 2007 terms in real terms though.

whathavewedone

2016

I don't think it will take 50 years for there to be another boom. The toddlers of today are the FTBs of the 2020s. I think prices will return to 2007 levels by 2016 at the latest and then I think we'll be looking at another boom.

If prices continue dropping at the rate that they have been then I think we'll hit the bottom in early 2010 and they could rise again very quickly after a couple of years of stagnation.

Dan:_4

2016

House Price Crashes are always immediately forgotten. Boom and Bust will always happen, its just mother nature.

1echidna

2014

Dan: wrote: »

House Price Crashes are always immediately forgotten.

Sounds like a rash generalisation.