Why house prices are certain to fall

StevieJ

mbga9pgf wrote: »

How quaint and original. I think you will find your financially reckless mate out on his !!!!! pretty quickly once the election is done and dusted; the banks will not be able to keep this up forever you know. The mortgage support schemes have a shelf life as long as 1 May 2010

You must be getting a tiny bit concerned :eek:

new_home_owner_3

thriftybabe wrote: »

Of all the people I know that has been made redundant in the last year only one has been re-employed. The others who are within Construction are getting bits here and there and are mostly relying heavily on their savings. I am talking about people who were Directors and Contract Managers. In addition the others that I know worked as a Teacher training young offenders has not found a job and my friend who is looking for anything albeit she has a degree in Journalism. All this has got to have an effect on house prices. I really don't think they will be rising any time soon!

I dont think they will be rising soon either, but because of the low interest rates and the banks not forcing people to sell, why would there be certain falls as the person posted at the begining?

StevieJ

thriftybabe wrote: »

. All this has got to have an effect on house prices. I really don't think they will be rising any time soon!

I thought they were rising

The_White_Horse

i think the answer you are looking for is this: house prices are still well overvalued. a three bed house that is worth 300k should really be worth no more than 150k. However, they will not fall to this level for one reason, and one reason only. People are spazzes.

new_home_owner_3

StevieJ wrote: »

I thought they were rising

I personally think that they have gone up in the last few months, but i think they will stabalise now until after christmas and then we will just have to wait and see what spring brings next year, im not sure whether they will shoot up but i certainly think the way things are no one can predict certain falls or massive rises.

Yakubu22

The_White_Horse wrote: »

People are spazzes.

:rotfl::beer:

mbga9pgf

StevieJ wrote: »

You must be getting a tiny bit concerned :eek:

Nope. Market in these parts as dead as a doornail. We have seen a pallty 2K rise in prices for the type of property I am looking for, plus, we have a looong cold winter setting in, and as I predicted earlier this year, finance is becoming more constrained in the second half, not less. Less credit is going to lead to one thing. Lower asset prices(and I aint talking about QE pumped shares here either).

So, in other words, things may be taking a little longer, but things are still going as expected.

new_home_owner_3

The_White_Horse wrote: »

i think the answer you are looking for is this: house prices are still well overvalued. a three bed house that is worth 300k should really be worth no more than 150k. However, they will not fall to this level for one reason, and one reason only. People are spazzes.

I have to agree with the last bit

julieq

A paltry £2K rise is not a drop (and you don't mention the period you're timing over). And in a constricted market in which people are trying to time purchases against an expectation of rises you may find seasonal effects are dissipated.

But keep the faith, eh?

geoffky

Joeskeppi wrote: »

........................

JOE the king of the one liner.....again.. and four fools