HPC over?

Dan:_4

Good morning,

So, here we are in the final month of 2009 and house prices have been on the rise since Feb. We are now around 10% up from the bottom , and no signs of this slowing, despite the long cold winter days.

Surly it is time to accept that I, and some others, were correct that 2009 would see the bottom of the house price crash?

The best we can hope for now is for prices to fall back slightly, but we must accept the bottom has passed.

Even the hard core over on hpc.co.uk are admitting defeat:

"This country has gone mad! I've given up the hope of ever owning my own home. I'm going to buy a nice car instead :-) HPC is over guys I think we should just accept it and move on. The powers that be are hell bent on keeping the bubble going and there isn't anything anyone can do about it. We were right that there was going to be a crash but we just had no idea about how much this market was going to be manipulated."

neas

Hpc cancelled!

nembot

I'm hardly hardcore and I know it's not over, best of luck convincing people it is, you'll need it!

Really2

nembot wrote: »

I'm hardly hardcore and I know it's not over, best of luck convincing people it is, you'll need it!

How could you possibly know? Time machine perhaps?

Seeing as you "know" it is not over are you not trying to convince people it isn't over?

It is very likely Feb 2009 was the nominal bottom. Not many are predicting falls below that level now.

Emy1501

We will not really know anything for certain until QE ends and also until a few months after to General Election epecially the first budget.

For me Jan/Feb new buyers/sellers figures will be really interesting and will give an indicator for where we will go up to the General Election.

Lotus-eater

Dan: wrote: »

Good morning,

So, here we are in the final month of 2009 and house prices have been on the rise since Feb. We are now around 10% up from the bottom , and no signs of this slowing, despite the long cold winter days.

Surly it is time to accept that I, and some others, were correct that 2009 would see the bottom of the house price crash?

The best we can hope for now is for prices to fall back slightly, but we must accept the bottom has passed.

Even the hard core over on hpc.co.uk are admitting defeat:

"This country has gone mad! I've given up the hope of ever owning my own home. I'm going to buy a nice car instead :-) HPC is over guys I think we should just accept it and move on. The powers that be are hell bent on keeping the bubble going and there isn't anything anyone can do about it. We were right that there was going to be a crash but we just had no idea about how much this market was going to be manipulated."

I think hamish posted that link a few weeks ago, can't you find a new one?

In all honesty I'm never going to call house prices again, because they are too crazy to predict.
But I always said, never say never, your calls for the bottom of the market to have already gone might be right and they might not be.

One thing is sure, we live in interesting times...... and I'm glad I'm not waiting to buy my first house, my heart goes out to all of those who are.

nembot

Really2 wrote: »

How could you possibly know? Time machine perhaps?

Seeing as you "know" it is not over are you not trying to convince people it isn't over?

It is very likely Feb 2009 was the nominal bottom. Not many are predicting falls below that level now.

I could put the same question to you, but with your head in the sand, you're not likely to hear it are you?

Really2

nembot wrote: »

I could put the same question to you, but with your head in the sand, you're not likely to hear it are you?

I have not said I "know" though have I.:rolleyes:

Why have I got my head in the sand?

ruggedtoast

In 2007 the UK property market was in overload - BTL investors were falling over one another to spend ever increasing multiples of money on ever more expensive flats, some of which they'd never seen, outnumbered only by the plethora of lenders falling over themselves to lend to them.

You couldnt turn on the tv without seeing a beaming Beeny, or an Allsop, or a Vorderman.

Part timers, self certs, the unemployed, no one was turned down for a mortgage in the frenzy of house purchasing, MEWing, flipping, home improvement.

I think we should ask ourselves - outside the world of the internets F5ers, has this mood, really come back?

Really?

Dan:_4

Lotus-eater wrote: »

I think hamish posted that link a few weeks ago, can't you find a new one?

I doubt it, it was fresh today.

doire_2

Lets just wait until all the governemt incentives have ended.

Its obvious Labour are propping up the housing market because if it crashes then they are out on their !!!! by the next election