MSE news 'House price crash is over'

Conrad

Scabs wrote: »

Typical vested interests talking the market up

You mean the same VI's such as Nationwide that talked it down 12 months prior?

GSXRCarlos

blah blah blah, too much hype

dfh

Wait till interest rates go up.The next cycle of house price drops will then begin.

kriss_boy

Alan_M wrote: »

Based on the above, your income is £40K. That puts you comfortably in to the top 10% earning percentile in UK salaries.

Therefore 90% of employees in the UK earn a lot less than this...so whilst you are clearly in a comfortable position based on multiples. It is not representative of the country as a whole.

Out of curiosity, at what rate did you agree the £150K mortgage?

Read his thread in the house buying section- hes about to gazunder the sellers.

Heyman_2

dfh wrote: »

Wait till interest rates go up.The next cycle of house price drops will then begin.

That depends on how the banks react. Some of them didn't decrease their SVRs directly in line with the BofE rate decreases.

If they decide they want to protect their current historically large margins, then I would agree with you - but I would have thought the last thing the banks want to be dealing with is increased repossessions, loan defaults and then the inevitable write-downs. We've already been through all that.

It also depends on WHEN interest rates go up and at what speed. So not quite as clear cut as you are stating.

StevieJ

Looks like my prediction of market bottom of minus 20% Spring 2009 was way too pessimistic

not_loaded

ultra10 wrote: »

Well I am a FTB and i am not going to be scared into jumping onto the Property ladder yet ... This is nothing more than stupid ramping by people with a vested interest ..

The ‘come the revolution’ gang should look up the law of supply and demand and see how it applies to their area property-wise.

On reading their futile meanderings for many months on MSE I wonder if they have ever bought property or indeed ever will. Will they always be awaiting the revolution?

It’s enthralling to see people inside the industry being pulled apart by, well exactly who? Apparently anyone with a PC and net connection in their back bedroom. (rented or owned?)

FTBs and their ilk are sooo lucky to have such perceptive advice from posters completely unwilling to declare their credentials. :rolleyes:

On the brighter side for this thread, it’s great to see some intelligent debate from the likes of Alan M, Heyman and Chucky. :T :T :T

the_ash_and_the_oak

not sure - think participatory debate from outside an industry can be as beneficial as proclamations from within it imo

not_loaded

the_ash_and_the_oak wrote: »

not sure - think participatory debate from outside an industry can be as beneficial as proclamations from within it imo

Participatory informed debate, yes. Gormless predictions à la Mystic Meg, no.

the_ash_and_the_oak

a prediction without arguments to back it up is an empty prediction. our trusty ftb can always press the gormless predictor for more convincing reasoning behind the numbers