AN estate agent with a brain? Savills warning of price drops

the_ash_and_the_oak

StiflersMom wrote: »

No sign of QE easing anytime soon from the PM's comments at today's G20. On the assumption then that QE and low interest rates will remain in place until the end of 2010, I'd say that house prices would be running at a multiple of 1.5 times their August 2009 level by Dec 2010.

Which would be nice !!

:rotfl:

a 50% rise in a year?

tommy75

HAMISH_MCTAVISH wrote: »

See that's where you've got it wrong.

I couldn't care less if you or anyone else on here ever buys a house.

I't pretty obvious that most of the pessimists on here will never buy a house. Which in a market of 75,000 house sales a month makes no difference whatsoever.

So I may as well just continue to take my enjoyment from mocking the incredible stupidity of anyone who ever thought a 50% crash was even a remote possibility.:beer:

I didn't mean to draw you out, you did that yourself.

doire_2

StiflersMom wrote: »

:rolleyes:
The market isn't going to move south just because you can't afford a house.



Buy now, while there is still time to get back in at pre-credit crunch prices. The BOE will only stop QE once the credit market completely thaws, and by that time house prices will be much much higher than today, and certainly a multipe of Aug 2009 figres


:rotfl:

What drugs are you on today. Can i have some?

doire_2

StiflersMom wrote: »

What if QE continued to work, and low cost mortgages became more widely available again, allowing FTBs and investors to get into the market?

Would the market continue to move up, as it has done since Feb of this year?

:rotfl:

You forget that billions have been pumped into the economy and whats happend....the UK is still in recession, thousands of jobs are still getting lost and the the UK has a huge debt which must be paid back.

When all these goverment incentives are stopped whats going to happen? The big bad debt will suddenly go away and we will all live happily ever after while watching house prices rise to boom times again. :rolleyes:

chucky

tommy75 wrote: »

Brit1234 had no idea Labour would of gone to the extreme lengths it has to maintain property asset prices. We were certainly heading that way before the government + BoE stepped in.

yep - he wouldn't have. it's a bit naive to think that house prices would drop even 50%.
it was never going to happen - the bottom of the market had to artificially be put there to stop it falling. now it 'seems' to be found it may be tested or maybe not. let's see what happens next year.

tommy75 wrote: »

I think its a bit harsh to batter him/her forever because of an outdate prediction that was certainly plausible in 2008.

that's fair - despite him mocking directly in the past it should stop.
i'll still be here if there are falls and taking it on the chin.

PoorYoric wrote: »

But that's what they do. If everyone reported this stuff then it might stop.

good point - i'll check out your IP address.

HAMISH_MCTAVISH wrote: »

I couldn't care less if you or anyone else on here ever buys a house.

me neither - it's a forum to put your views across

HAMISH_MCTAVISH wrote: »

I't pretty obvious that most of the pessimists on here will never buy a house. Which in a market of 75,000 house sales a month makes no difference whatsoever.

in what you say there are some genuine posters on here - you can tell the difference straight away.

HAMISH_MCTAVISH wrote: »

So I may as well just continue to take my enjoyment from mocking the incredible stupidity of anyone who ever thought a 50% crash was even a remote possibility

harsh but very fair - as the same poster that knocked it for you was lapping it up and giving out here every month here last year each time there was monthly fall.

chucky

PoorYoric wrote: »

You would have more luck getting within 100 miles than selling a dodgy BTL property.

thanks mewbie - it was a joke, i would never want to go to suffolk

IveSeenTheLight

PricedOut wrote: »

50% falls by Chrimbo this year aint gonna happen but they might fall a bit more next year. If I cant afford a house, flat really then I dont see how they can stay the same price. Unless I got a second job but thats not very likely.

Doesn't mean just because you can't afford that someone else can

nollag2006

chucky wrote: »

harsh but very fair - as the same poster that knocked it for you was lapping it up and giving out here every month here last year each time there was monthly fall.

Too true - these bears have had their crash. It's really fun now watching them panic, and become increasingly defensive, as the market rises month on month.

Just had the EA around to value my own property yesterday - now back up above the late 2007 level !

:T:T:T

Do I think that's sustainable ?? Possibly we will see a wobble over the cold winter months, but we will see prices rise again from March onwards.

Lets be honest here, the credit crunch was a once in a lifetime event that panicked the world, with a huge impact on house prices. Luckily that was just an ephemeral effect, and prices (along with the economy in general) are back on the path to growth.

:j:j:j

treliac

mr_fishbulb wrote: »

I can't work out if that's your signature, or if you append it to every post.

:rotfl:

I got confused by all the rolling and laughing things and thanked the wrong post. Not yours mr_fishbulb, I meant to thank that.

Cleaver

doire wrote: »

When all these goverment incentives are stopped whats going to happen?

I suppose one of two things. One scenario could be that once all the incentives cease we are in real trouble as they have just been masking all the problems. Houses fall, mass unemployment, stock market crashes etc. etc. The other scenario is that these incentives have been like stablisers on a bike: they take them off and you hope that, even with a bit of a wobble, the bike can ride on its own without any help.

I'm stupid and rubbish at predictions, so I don't know which will happen. If I had to guess I would probably say the latter as humans tend to have ways and means of muddling through stuff somehow.