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Debate House Prices


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House prices could fall for several years

1246

Comments

  • The_Economist
    The_Economist Posts: 653 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    The crash is over.

    Nothing left to argue about really.

    I would disagree. To many variables in the equation to make that assumption.
    If i could i would, but i cannot so i wont, but maybe one day i will.
  • Pobby
    Pobby Posts: 5,438 Forumite
    HAMISH_MCTAVISH wrote: »
    They did fall by almost 25%, and we saw exactly what happened to the banks.

    Another 25% fall would be utterly destructive to the banks and the wider economy.

    Which is why, as we have seen, governments will do whatever is required to avoid such a scenario.

    So why did our great leader, he of no boom and bust. The very person who wouldn`t let the housing market get out of control again bring us to this?
  • nembot
    nembot Posts: 1,234 Forumite
    Hamish says it'd be a disaster, I reckon 24 million people would jump for joy.

    Funny that....
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    nembot wrote: »
    Hamish says it'd be a disaster, I reckon 24 million people would jump for joy.

    Funny that....

    In your opinion, are there 24 million people looking to buy property?
    That's an awful amount of people
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Emy1501 wrote: »
    The CML have said that the First time buyers market is pretty much exclusive to the Rich, those with the bank for Mum and dad for help, STR's and those who have divorced.

    The days where genuine FTB's used their own money to buy their first home is pretty much over now mainly due to few being able to find the deposit to get on the market. Before 125%, 100%, 95% mortgaes were available etc.

    If people could find 10 to 20% deposits in the 70s when house prices were rising why can't they now when house prices are according to you static at best
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    nembot wrote: »
    Hamish says it'd be a disaster, I reckon 24 million people would jump for joy.

    Funny that....

    If that's true thats an awfull lot of pent up demand what will that do for house prices if they do start to drop
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Emy1501 wrote: »
    The CML have said that the First time buyers market is pretty much exclusive to the Rich, those with the bank for Mum and dad for help, STR's and those who have divorced.

    The days where genuine FTB's used their own money to buy their first home is pretty much over now mainly due to few being able to find the deposit to get on the market. Before 125%, 100%, 95% mortgaes were available etc.

    Do that actually ask where the deposits come from
  • Spartacus_Mills
    Spartacus_Mills Posts: 5,545 Forumite
    HAMISH_MCTAVISH wrote: »
    The crash is over.

    Nothing left to argue about really.

    Over or deferred ? There is plenty to argue/discuss.
    "There's no such thing as Macra. Macra do not exist."
    "I could play all day in my Green Cathedral".
    "The Centuries that divide me shall be undone."
    "A dream? Really, Doctor. You'll be consulting the entrails of a sheep next. "
  • Emy1501
    Emy1501 Posts: 1,798 Forumite
    ukcarper wrote: »
    If people could find 10 to 20% deposits in the 70s when house prices were rising why can't they now when house prices are according to you static at best

    You have been able to get 95% mortgages since the mid 90's and 1005 etc later on. The need for the young to save has not been necessary and it will take time for them to learn this.
  • Emy1501
    Emy1501 Posts: 1,798 Forumite
    edited 14 March 2010 at 1:00AM
    ukcarper wrote: »
    Do that actually ask where the deposits come from

    I have always been asked where my deposit has come from when I have bought. I suspect for money laundering purposes the need to know is even more important now.
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