MSE news 'House price crash is over'

mike5678

There are too many rich people and too many people with lots of capital and equity around to allow a full crash to happen. Any sniff of that happening and they would be snapped up by these people trying to make more money. I don't personally think that properties are that far out of the reach of normal people. I'm a FTB and managed to buy my first 2 bed flat for £180k this week. Put down a £30k deposit and I'm borrowing 3.75x salary. Fair enough this is in London, but up north lower salaries are reflected in much lower asking prices. People that can't afford a flat in their local area would appear to be spending too much on a frivolous lifestyle and not on the important things, like a roof over your head.

nearlynew

This time next year, average house price will be lower than now.

100% guaranteed


Don't believe the hype.

MORPH3US

nearlynew wrote: »

This time next year, average house price will be lower than now.

100% guaranteed


Don't believe the hype.

Oh ok then.... :rolleyes:

Maybe I should give my £200,000 to a Nigerian army general who says he can get me £50,000 back on it when he releases those hidden funds he has

nearlynew

MORPH3US wrote: »

Oh ok then.... :rolleyes:

Maybe I should give my £200,000 to a Nigerian army general who says he can get me £50,000 back on it when he releases those hidden funds he has

Go for it.

You know it makes sense.
:rolleyes:

dosh

Why house prices won't make a miraculous recovery

http://blogs.thisismoney.co.uk/this_is_money_blog/2009/07/why-house-prices-wont-be-making-a-miraculous-recovery.html

mewbie_2

Pump it up MSE Guy. Then we might buy more pizzas, Sky boxes, and the ludicrous 'secret' ways of making money on Tesco voucher deals. If you think house prices are going up again then I guess you would also fail to see the Tesco voucher stuff for the obvious marketing ploy it is.

Really want to save people money? Help them to squat and get free food from supermarket waste. Oh but sorry, no opportunity for coupons and adverts there.

Oh well.

brit1234

Its far from over, the economic situation is horrendous. People buying now are in for a shock next year.

Lending critera does not support prices and they are still highly overvalued. If you think that these 0.5 interest rates are a good thing for buying you are in for a shock.

bo_drinker

Lack of stock is the reason things haven't bombed yet. Wait until the clocks change then we will see, no use ramping like all the rest of them, it's a matter of time, as I say lack of stock has held the crash back, not long now though.

bo_drinker

mewbie wrote: »

Pump it up MSE Guy. Then we might buy more pizzas, Sky boxes, and the ludicrous 'secret' ways of making money on Tesco voucher deals. If you think house prices are going up again then I guess you would also fail to see the Tesco voucher stuff for the obvious marketing ploy it is.

Really want to save people money? Help them to squat and get free food from supermarket waste. Oh but sorry, no opportunity for coupons and adverts there.

Oh well.

Watched a programme on the folk that raid the super market waste, what do they call them?? They get some good stuff as well :T

ManAtHome

bo_drinker wrote: »

Watched a programme on the folk that raid the super market waste, what do they call them??

Freegans? (Dumpster Divers in the USofA).