House prices set to crash from this point on

davilown

Harry_Powell wrote: »

.

While we have followed the US in certain respects with out of town shopping centres, we still retain high streets and could transition back to a more 1950's lifestyle (a time where hardly anyone had cars) and where we would produce more of our own goods (because while overseas labour is cheaper, transportation costs are more expensive) and working closer to schools, factories, etc. Many of our cities can be walked across in a hour or so, unlike in the US.

I actually feel it would not be such a bad thing if we can't send kids to schools in the next town, work and shop miles away from where we live. We might return to more cohesive communities where people actually know their neighbours. Bring it on, I say!

I, for one, would love this to happen - maybe more of that community spirit could return to these isles.
You never know, it may make us less desirable as an immigration destination, decrease the population and cut out the 'high' demand that is keeping our house prices so high

chucky

Cannon_Fodder wrote: »

Isn't there another option?

"The Govt have managed to defer the pain."

maybe - but the least likely as QE won't be removed overnight and could be there for years. the more likely scenario is stagnant growth that is possibly negative in real terms when compared to other countries.

Cannon_Fodder wrote: »

VAT is back. Stamp duty is back. Car scrappage runs out next month. Extension of repossession orders to 6 months pushes them back, but only so far. Interest Rates to rise, of course. £10Bn in Public Works brought forward, means a gap is ahead somewhere. Etc, etc.

that's a strange comment - on this forum the VAT cut, stamp duty holiday and car scrappage schemes were ridiculed as useless and a waste of time and money by the bears. how come they could be an issue once they end?

they were either useful and the government did a good job implementing and they will cause pain when they are removed or they were useless to start with and won't have any impact when they're removed. there isn't really an alternative there.

Cannon_Fodder

Nearly as strange as you previously taunting people with missing the boat, but yesterday you didn't think it should be surprising to have faith in a graph aiming under peak in 5 years.

People change their stance to suit new realities, or their mood of the day.

Or their memory!

chucky

Mr.Brown wrote: »

Maybe, if we return to normal, then so will house prices.

apparently the "return to normal" for house prices has come and gone.

Cannon_Fodder

Just the over-correction to go, then...

chucky

love these posts when the poor sad little bear decides to personalise the discussion because he has no other comebacks - lol

Cannon_Fodder wrote: »

Nearly as strange as you previously taunting people with missing the boat, but yesterday you didn't think it should be surprising to have faith in a graph aiming under peak in 5 years.

no that was taunting just you - you can't buy because you locked your money into a 1 year bond that gives you no access to your cash. that wasn't my mistake was it?

why would you care about derivative futures who have moved their prediction from 50% down to HPI increasing with inflation....

shouldn't' you be worried about your local area instead of derivative contracts that require a £500k minimum investment?

Cannon_Fodder wrote: »

People change their stance to suit new realities, or their mood of the day.

they certainly do - especially those that make yourself who have made poor financial decisions in the past like buying at the wrong time in the 90s...

chucky

Cannon_Fodder wrote: »

Just the over-correction to go, then...

maybe - but i can't predict the future. can you?

ps... the real house price is higher than it is now... that's a big trend that is going to need reversing...

Cannon_Fodder

chucky wrote: »

you can't buy because you locked your money into a 1 year bond that gives you no access to your cash.

The usual sad absence of facts.

Read what I post, not what your imagination creates.

chucky

Cannon_Fodder wrote: »

The usual sad absence of facts.

Read what I post, not what your imagination creates.

i'd speak to someone if i was you - you need help

Cannon_Fodder wrote: »

People change their stance to suit new realities, or their mood of the day.

Or their memory!

Cannon_Fodder

chucky wrote: »

especially those that make yourself who have made poor financial decisions in the past like buying at the wrong time in the 90s...

Now I am Hamish?!


Still no facts.