The Future

Dan:_4

To prevent the HPC’ers from ruining the top quality House buying, selling and renting board, this forum developed from a single sticky on that board, to a sub board and finally to its very own board we all love and cherish today.

2008 arrived and the HPC’ers never had it better, month after month of house price falls, banks were failing, shares collapsing, unemployment increasing and the recession was made official.

Everyone was all set for another great year in 2009, it was meant to be far worse than 08, and widely assumed that house prices could end up down 50% by end of the year, some even hoping to hit the magic figure of 70% during 2010. It was a glorious time......

Sadly, it wasn’t meant to be. It was only into the second month and house prices showed an increase, shares were recovering and the general economy was suddenly improving. With every passing month, the daily fix for bearish articles were getting more and more difficult to find, and house prices just kept moving upwards.

Even on the highly bearish website of HPC.co.uk, folk couldn’t hide their disappointment. Only today some of the desperate threads are “Air India Workers Go On Mass Hunger Strike” and “British Property developers are evil”. People are giving up hope on the thread “Have we got it all wrong” and more worryingly is the information contained in the thread “95% mortgages are back” No one seems happy anymore.

Defeated by the sheer disappointment of the year, the usually happy HPC’ers got very angry, sock puppets were invented and invaded the board, and many, once great and respected members, ended up banned. This lead to frequent new Ids being registered, some only lasting for a few hours.

A bull victory.

Is it time to close the board?

StevieJ

In a word no

Graham_Devon

Someone, or a group, who thinks they have "defeated" their "opponents" as it is so often referred to, would not have any reason in the slightest to write and post such a thread.

Unless they needed some re-assurance, or were looking to further stir the pot.

nearlynew

That's very good that Dan.

Who wrote it for you ?



nice to have you back graham.

mewbie_2

Dan, although you have called it the "Future" you actually only discuss your view up to the present time. Bit disappointed tbh. Perhaps Counting Chickens would be a good title for next time?

Note - I mean this in a caring sharing kind of way, and do not wish to be reported or otherwise inconvenienced.

PasturesNew

It's a blip. Today's "now, now, now" culture expecting things overnight .... this is a W shape, not a "tick" shape.

Prices are going nowhere, except a bit further down.

In the meantime, I am looking to move, if anybody is in the South West anywhwere and has a tiny annexe they want to rent out to somebody reliable, let me know. Must be cheap as chips and VERY sunny, beyond that I have a full spec on my wishlist.

mewbie_2

Badger2000 wrote: »

I thought that prices had been increasing over the last few months?
Do people think that they will be going down again?

I expect them to fall over several years. People seem to forget that the economies globally have been dealt a very severe blow. By borrowing / printing money they have papered over the huge cracks. Behind this flimsy papering, which can only last a little while longer is a yawning chasm of bad debt. To be dealt with by public spending cuts, higher taxes and prayers.

Straight up, my honest opinion.

subarusty

Its funny how many "Crash over" type threads there have been recently when the majority of bulls still suggest that prices will be down by the end of the year.
Even McTavish has said they will drop a bit more and I think he's one of the most bullish posters I've seen.

Dan:_4

subarusty wrote: »

Its funny how many "Crash over" type threads there have been recently when the majority of bulls still suggest that prices will be down by the end of the year.
Even McTavish has said they will drop a bit more and I think he's one of the most bullish posters I've seen.

McTavish predicts further drops throughout the winter, but is unlikely to end up less then the low of Feb 09.

PasturesNew

Badger2000 wrote: »

Do people think that they will be going down again?

I do ... but what do I know. I'm not what you'd call any great brain on the subject.... I just have an opinion based on .... nothing really.

I just decided in 2006 that prices would go down for 5 years and as I made that decision I will be sticking with it. I don't change my mind about much. or quickly.

subarusty

Dan: True but I'm not saying he's right. My point is that bulls seem to suggest prices will drop a bit over the winter, bears are suggesting it will drop loads over the next few years.
I'd expect it to be somewhere in between but that still leaves them dropping a bit from today.