HPC over?

the_ash_and_the_oak

I'm not convinced the crash is over tbf - weird thing is if the prices had stayed around the same for the last 10 months I would be much more inclined to think it was over. But the strong rises of the last 10 months means for me they've gone straight back into vulnerable territory imo

System

I must admit Dan: that when you called the bottom in February I thought you were being very brave, but it's looking like you were right.

Lotus-eater

the_ash_and_the_oak wrote: »

I'm not convinced the crash is over tbf - weird thing is if the prices had stayed around the same for the last 10 months I would be much more inclined to think it was over. But the strong rises of the last 10 months means for me they've gone straight back into vulnerable territory imo

I think you're absolutely right and I totally agree with you, the market hasn't settled at all.

Really2

Lotus-eater wrote: »

I think you're absolutely right and I totally agree with you, the market hasn't settled at all.

I think we all agree on that, just that some think they may not fall back to below Febuary 09 prices.

doire_2

All the Bulls backing each other up. Did you all pm each other to arrange this thread? Just need Hamish to jump in now :rotfl:

the_ash_and_the_oak

well people with similar opinions do tend to agree with other about the things they have a similar opinion on imo

ruggedtoast

doire wrote: »

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

I think you're half right. British people have been propping up the housing market - they dont take a lot of encouragement.

For us home ownership is tied up in all sorts of other factors like self esteem, class, social standing, a sense of security. Not to mention bricks and mortar being the only kind of investment that most people understand, and renting being a bit horrid.

I dont think thats ever going to change. In fact I bet if you went back in a time machine to 1950 and offered the 2007 mortgage market indiscriminately to people then there'd have been a massive house price boom too.

However - its that availability of credit that has dried up, which has knocked the props out this time. More expensive properties from wealthier people with deposits are changing hands.

Not good news for anyone holding an investment in sub-prime locales - regardless of the Haliwide stats.

Lotus-eater

Really2 wrote: »

I think we all agree on that, just that some think they may not fall back to below Febuary 09 prices.

Yes and I admire them in sticking their head out, I hope they put their money where their mouth is and invest some money in the property market, instead of just shouting about it on an internet forum........

Pobby

Of the course the market hasn`t settled yet. They used various forms of alchemy to get the market to the peak and a different form of alchemy is being applied now to stop the mother of all crashes.

As a side point I watched an auction this week. My guess is that the newbie, part time investor wasn`t present. A lot of stuff didn`t sell and I would say that some of the properties seemed fair value.

You might like to check out the results.

http://www.grahampennyauctions.com/index.php?option=com_propertylab&task=propertysearch&type=forsale&minprice=1&start=0&perpage=20&auction_id=29

nembot

Well to be honest, the thread starter said it's over - in my opinion, it's not.

It's just an opinion, nobody can say whether it's right or wrong unless they have as you say a time machine.


I'll just add I got on the boat after I'd been told it had already sailed and saved 30k.

If i'd listened to the HPI'ers on here, back then - well it would of been a mistake wouldn't it?

Not to mention I don't see any benefit for higher prices and the people who promote them tend to be home owners incapable of dealing with losing money on their assets.