Property crash soon???

F_T_Buyer

NSR2 wrote:

From what I can see prices have began to stagnate.
The market is ready to crash, its just missing a trigger.

[...]

Summed up very well indeed.

Frankly, it has surprised me market activity rose during the last 6months, and this downward cycle didn't start. It goes to show the pent up demand during 2005... and the tremendous spin that went with it.

Maybe we seeing a 'head and shoulders' pattern?

The best advise for anyone is to get out of debt (or make that debt manageable), and that's what this website is for!

Is still does make me laugh the irrational arguments people put forward to sustain this bubble. Next, they'll be buying tulips!

sheffield_lad

Hi guys, I am on the soft landing side of the argument as stated above there needs to be a trigger for a crash. Example the FTSE, 9/11 & the Iraq war sends shares plumeting (before this doom mongers suggested the FTSE was far too high), but without this trigger the market carried on upwards. Ironicly look at its position now the recovery has been unexpectedly fast and we are back to where the doomers said was to high. Could this mirror our current property market?

ManAtHome

After 9/11 the stock market dropped for a couple of years - at the time the Footsie was a bit on the high side, but suffered from the OMG IT'S GONE DOWN SEL SELL SELL scenario. Currenly it's it's still on the 'value' side.

The world (and their interest rates) may be conspiring against the over-leveraged IMHO, but what the hell apparently THE ONLY WAY IS UP..??

adr0ck

Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Supply & Demand Etc Etc

[Deleted User]

I really don't know what to do - I'm 26 now and really feel like I want to own a property. I want a home, i'm sick of paying dead money to a landlord i've never met and sharing a flat with people I don't like.

I have minimal student loan left to pay and no other debts. I have 12K sat in an ISA waiting for the day house prices and 4x wages converge. 5 years ago, i don't think i'd be worrying and i'd probably have a place to call home now. I'm expecting to get a payrise to 30K in September... great, now i can get a 120K mortgage.. hmm, in north london where are the 130K houses? There's very little under 200K here.

The house market sucks, when the hell is it going to collapse?

MORPH3US

Wickedkitten wrote:

The way I see it, a house is a home first, and an investment for the long term next.

Good to see someone talking sense.

As long as a person buying a house can afford their house, even if interest rates go up then they will be ok because they will have somewhere to live!

M

MORPH3US

ringo_24601 wrote:

i'm sick of paying dead money

DON'T say those words on here, you'll live to regret it :eek:

meanmachine_2

adr0ck wrote:

Supply & Demand etc

Demand has been artificially pumped up by temporary cheap money. The supply side hasn't changed much in the last 5 years, has it?

Look at Ireland. Enough room to swing a horse, and houses coming out of their ears. Nothing to do with supply and demand in the traditional sense.

Sorry.

Tassotti

ringo_24601 wrote:

I really don't know what to do - I'm 26 now and really feel like I want to own a property. I want a home, i'm sick of paying dead money to a landlord i've never met and sharing a flat with people I don't like.

I have minimal student loan left to pay and no other debts. I have 12K sat in an ISA waiting for the day house prices and 4x wages converge. 5 years ago, i don't think i'd be worrying and i'd probably have a place to call home now. I'm expecting to get a payrise to 30K in September... great, now i can get a 120K mortgage.. hmm, in north london where are the 130K houses? There's very little under 200K here.

The house market sucks, when the hell is it going to collapse?

London prices are extortionate. However, if you move a bit further out, your 130K can buy you a 2/3 bed terrace. May not be ideal, and commuting may be a bit longer, but you would own your own house, and mortgage repayments would be on a par with rents.

You have to look outside your area ...just slightly affield.

eg./. I live in dartford.. you can pick up a 3 bed terrace house in Northfleet for the money you are looking at, and next year, the new international rail link can get you into London in 17 minutes.

You have to be quick though, as I have bought up most of this area. :j

Even further out, look at Chatham, Rochester. For your money, good property, maybe rent out a room to help with mortgage payments, still commutable to London..Thanes Gateway regeneration in progress.

Even if there is a housing correction, negative equity is not a problem as long as you can afford repayments and see it through. Prices will always rise again.

Check it out

sanfrancisco

Tassotti wrote:

Even if there is a housing correction, negative equity is not a problem as long as you can afford repayments and see it through. Prices will always rise again.

Check it out

I used to have this child like view of life, along with why can't all the political parties just work together. What about marriage, babies, illness, divorce, new job, redundancy, noisy neighbours etc etc etc.