5 (2nd leg of the crash is here)

markharding557

macaque wrote: »

I should send you a bill for this post. I sprayed a mouthful of coffee over my computer when I read it.

Every one is entitled to their own opinion,you have yours and i have mine,others have different opinions still.

I stand by my view that there is not going to be any big crash but neither do i think everything is fine and dandy with the economy.
I can't see house prices or anything else going through the roof like some think because there is too much to drag it back.

I don't consider myself being bull or bear I;m in the middle and that's where i will stay.

luvpump

Pete111 wrote: »

In other news, the HPC 'Wishfulthinkingometer' has just exploded.

I am one of thoes "wishful thinkers" but that made me laugh

:rotfl:

pingu2209

It depends upon what you mean by 'big'. For some 10% drop will be considere big. My area houses have been very boyant but still dropped 15-20% from peak prices. I would expect there possibly to be a further 10% drop, so in total about 25% off peak prices.

Is that big?

The_White_Horse

i called an estate agent to enquire as to the price of a house I saw.

It was a detached 4 bedroom house. From the outside it looked as though it needed a lot of work.

they wanted 1.1m. Yeah, 1.1m!!!!! i don't see any signs of any crash.

they had a semi detached a little further up the road - 1.25m!!!! hahahahaa

there is no crash.

but those prices are insane. these are not mansions - just suburban family homes.

FATBALLZ

markharding557 wrote: »

I think there is a high probability that the market is in for a long period of slow growth or even stagnation but i still can't see any huge crash

I've heard that one before.

shane42

what crash ?
i just phoned an estate agent and told them , guess what they laughed , no seriously i said i want that house cheaper its just gone down in price,,,,,i can still hear the laughter

nembot

All estate agents are liars and thieves, to quote whoever says that

The crashometer is at '1' currently, let's see if we hit '5' in 4 months

macaque_2

nembot wrote: »

The crashometer is at '1' currently, let's see if we hit '5' in 4 months

Don't argue with science!
The 70% crashometer is an IBM water tank. Valve 1 (house prices) lets the water out. Valves 2-100 fill the tank. The fuller the tank the closer we are to a crash.

At the moment everyone is down in the lab with wellies and mops. Apparantly inlet valve 24 (stupidity) and valve 28 (greed) have been fully open for so long they won't close. Valve 60 (I'm not giving it away) is also now fully open. Valve 16 (BTL panic) has also been turned on in the past few days.

purch

I have my own valve (#101) Chronic Indifference

chucky

macaque wrote: »

The House price crashometer finally hit 5 today. The 70% team have concluded that the second leg of the house price crash has arrived.

has it come and gone then and you missed out again?