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So the 'crash' is over, how was it for you?

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  • chucknorris
    chucknorris Posts: 10,795 Forumite
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    IveSeenTheLight wrote: »
    No your'e wrong mate.
    Some on here still prescribe to the 70% club ;)

    Some of the bears who are sports fans prescribe to the 110% club
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • tek-monkey
    tek-monkey Posts: 1,434 Forumite
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    Interesting idea, can Chuck Norris predict the housing market? ;)
  • chucknorris
    chucknorris Posts: 10,795 Forumite
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    tek-monkey wrote: »
    Interesting idea, can Chuck Norris predict the housing market? ;)

    I was hoping google would find me a suitable 'chuck norris joke about housing prediction' but all it came up with was one of my posts on here
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Conrad
    Conrad Posts: 33,137 Forumite
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    Who's gonna start the 'comming crash of 2015' thread? Twill all end in tears this ponzi scheme, mark thy words.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
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    IveSeenTheLight wrote: »
    No your'e wrong mate.
    Some on here still prescribe to the 70% club ;)
    Interesting use of the word there, but perhaps its different north of the border.

    70% is nailed on for some of the spots where the boom spread out to. BTLers buying in Wales, when they live in London for example. Because they had to had to had to get onto the BTL ladder. New build flats already getting close to that figure.

    Also wonder about the top end in London, crazy money from Russian billionaires - the tops taken a hit as well.

    Leaves us with the middle - terraces and estates, old roads, new roads. I think a rough 40-50% from peak, which with the effect of inflation would add up to about 70%.

    Doesn't seem so far out really - all things considered.
  • nembot
    nembot Posts: 1,234 Forumite
    Conrad wrote: »
    As I predicted in 2008, the crash would be over by late summer / Autumn 2009, at least for the S East, although it now seems I may have been overly cautious as there are signs much of the rest of the UK has bottomed.

    So, how was it for you?

    A dissapointment?

    I'll let you know in a few years, when it is really over.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Conrad wrote: »
    As I predicted in 2008, the crash would be over by late summer / Autumn 2009, at least for the S East, although it now seems I may have been overly cautious as there are signs much of the rest of the UK has bottomed.

    So, how was it for you?

    A dissapointment?

    If there's been a crash then I've blinked and missed it.

    There's been a market correction which would have been far worse if interest rates had been higher.

    Good to time now to bail out of property after several months of rises. When the herd changes direction then we will see where we are heading.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
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    Conrad wrote: »
    As I predicted in 2008, the crash would be over by late summer / Autumn 2009, at least for the S East, although it now seems I may have been overly cautious as there are signs much of the rest of the UK has bottomed.

    So, how was it for you?

    A dissapointment?

    To use a clumsy analogy, maybe the financial crash is like a crash on the motorway. The crash might be over, meaning that no cars are hitting each other any more and the dust has settled. But then the slow recovery starts - operations on injured people, rehabilitation, insurance claims, people getting the confidence to get back on the road. Same as the financial crash really: people, companies and governments slowly start rebuilding, probably making mistakes along the way.

    So the hard work starts here for everyone. In my opinion of course.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
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    Cleaver wrote: »
    To use a clumsy analogy, maybe the financial crash is like a crash on the motorway. The crash might be over, meaning that no cars are hitting each other any more and the dust has settled. But then the slow recovery starts - operations on injured people, rehabilitation, insurance claims, people getting the confidence to get back on the road. Same as the financial crash really: people, companies and governments slowly start rebuilding, probably making mistakes along the way.

    So the hard work starts here for everyone. In my opinion of course.

    phew! I walked away without a scratch.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
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    Dan: wrote: »
    phew! I walked away without a scratch.

    People often think this, then get a flared up symtom due to something that happened earlier on.

    In your case, it will be the government taking more of your pay packet.

    I don't call that without a scratch ;)
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