When did you realize house prices would not crash?

Sibley

I was worried there may be a property crash about 2 years ago.

I returned from a months holiday to be greeted with ' House prices may crash' headlines in the newspapers. To be honest everything was in place for that to happen.

The government made moves to protect home owners though.

Once this happened they were committed. It was obvious that the UK would have to crash and burn before the government would allow prices to drop.

A couple of times in the last two years I wouldn't have been surprised if prices had gone down a bit. They defied gravity at times and the bears underestimated the will power of the home owner. We simply refuse to sell our places cheap.

Basically the bears see a drop in Right move prices (say 2%) then apply that to every house they see for sale. This is crazy.

I've noticed the bears have given up in the last week. The rise in prices last month was the final nail in the coffin for a house price crash.

I'd like to ask them. Are you going to hold out for a crash or just buy now?

abaxas

Sibley wrote: »

I was worried there may be a property crash about 2 years ago.

I returned from a months holiday to be greeted with ' House prices may crash' headlines in the newspapers. To be honest everything was in place for that to happen.

The government made moves to protect home owners though.

Once this happened they were committed. It was obvious that the UK would have to crash and burn before the government would allow prices to drop.

A couple of times in the last two years I wouldn't have been surprised if prices had gone down a bit. They defied gravity at times and the bears underestimated the will power of the home owner. We simply refuse to sell our places cheap.

Basically the bears see a drop in Right move prices (say 2%) then apply that to every house they see for sale. This is crazy.

I've noticed the bears have given up in the last week. The rise in prices last month was the final nail in the coffin for a house price crash.

I'd like to ask them. Are you going to hold out for a crash or just buy now?

Why bother buying something when you can rent it and make a profit.

If someone offered you a new BMW 320d for £100pm, you'd be biting their hands off. Why should housing be any different?

ILW

abaxas wrote: »

Why bother buying something when you can rent it and make a profit.

If someone offered you a new BMW 320d for £100pm, you'd be biting their hands off. Why should housing be any different?

But I don't like diesels.

doire_2

Sibley wrote: »

I was worried there may be a property crash about 2 years ago.

I returned from a months holiday to be greeted with ' House prices may crash' headlines in the newspapers. To be honest everything was in place for that to happen.

The government made moves to protect home owners though.

Once this happened they were committed. It was obvious that the UK would have to crash and burn before the government would allow prices to drop.

A couple of times in the last two years I wouldn't have been surprised if prices had gone down a bit. They defied gravity at times and the bears underestimated the will power of the home owner. We simply refuse to sell our places cheap.

Basically the bears see a drop in Right move prices (say 2%) then apply that to every house they see for sale. This is crazy.

I've noticed the bears have given up in the last week. The rise in prices last month was the final nail in the coffin for a house price crash.

I'd like to ask them. Are you going to hold out for a crash or just buy now?

The village idiot with another cr.ap post. Why dont you grow up a bit?

Out,_Vile_Jelly

Sibley wrote: »

I'd like to ask them. Are you going to hold out for a crash or just buy now?

Could you lend me £200k to buy a flat in London please?

angrypirate

Sibley wrote: »

I was worried there may be a property crash about 2 years ago.

I returned from a months holiday to be greeted with ' House prices may crash' headlines in the newspapers. To be honest everything was in place for that to happen.

The government made moves to protect home owners though.

Once this happened they were committed. It was obvious that the UK would have to crash and burn before the government would allow prices to drop.

A couple of times in the last two years I wouldn't have been surprised if prices had gone down a bit. They defied gravity at times and the bears underestimated the will power of the home owner. We simply refuse to sell our places cheap.

Basically the bears see a drop in Right move prices (say 2%) then apply that to every house they see for sale. This is crazy.

I've noticed the bears have given up in the last week. The rise in prices last month was the final nail in the coffin for a house price crash.

I'd like to ask them. Are you going to hold out for a crash or just buy now?

Not really. I presume you are talking about the Halifax's figures. That would be
+0.4 followed by
-3.7 followed by
+ 1.8 each month over the last 3 months.
The 3monthly change being -1.2.

You always tell us that we have to look at the trend - not just months in isolation. So looking at the 3monthly figures since may, we see
May -0.2,
June -0.3,
July -0.4,
Aug -0.4,
Sept -0.9,
Oct -1.2.

Now to me that shows a crash just beginning to get momentum. If i were you Sibley, I would start being worried again. Interest rates cant get any lower and this government arent interesting in saving your empire.

Dan:_4

angrypirate wrote: »

Now to me that shows a crash just beginning to get momentum. If i were you Sibley, I would start being worried again. Interest rates cant get any lower and this government arent interesting in saving your empire.

We have been reading this line for the last 3 years, it's beginning to wear a little thin now.

angrypirate

Dan: wrote: »

We have been reading this line for the last 3 years, it's beginning to wear a little thin now.

No such thing as a bull trap then? No? I thought not. I first saw this graph in 2006. How accurate its proving to be

Graham_Devon

Oh, I like that graph / chart / doodle / oil painting.

Blacklight

angrypirate wrote: »

No such thing as a bull trap then? No? I thought not. I first saw this graph in 2006. How accurate its proving to be

Not very at all. House prices will not fall by 90%.

In response to the OP I realised when people started talking about 'HPC mkII' and 'next leg down'. I mean, why? What's the reason this time other than wishful thinking?

Now the situation is improving again with a 1.8% rise I fully expect we'll see comments about HPC mkIII fairly soon.

Total fantasy land stuff.

purch

When did you realize house prices would not crash?

Never.

I am in England and I can spell :eek: