House prices 'at the cliff face'

Blacklight

Yeah they might come down in price by 50%... they really just might.

JonnyBravo

AD9898 wrote: »

The bottom line is IRs, hundreds of thousands of households are just about treading water, any rise back to say 3% would surely have disastrous consequences for the housing market.

All this with 2-3 times as many dual income families as there were a few decades back. The question for FTBrs is, do you think rates will stay this low for 25 years, on a backdrop peak oil, low wage inflation and massive global debt ?

Well do ya feel lucky .........

Ad, you do remind me of Chicken Licken sometimes.....

tyllwyd

Its an interesting graph, but as I already said in this thread on exactly the same graph
https://forums.moneysavingexpert.com/discussion/2895308
I'm not convinced that it necessarily shows that house prices will crash. Apart from anything else, the annotation on the graph is stupid - who ever said that gravity had anything to do with house prices (apart from if it is subsiding, or the roof is falling down, of course).

ukcarper

Bangkok-Dave wrote: »

Right. lets draw a line in the sand here.

So you are saying house prices will halve in the next 18 months?

OK, if they don't then can we agree you should wear a large bell round your neck and join the nearest lepper community?:)

If you read his post I think he saying house prices will drop 75% as 25% is considered a good deposit.

doire_2

Bangkok-Dave wrote: »

Right. lets draw a line in the sand here.

So you are saying house prices will halve in the next 18 months?

OK, if they don't then can we agree you should wear a large bell round your neck and join the nearest lepper community?:)

Or failing that he could move into the slum you live in

IveSeenTheLight

macaque wrote: »

If you are thinking of buying, why not hold off for a bit. In 18 months time, your deposit may be enough to buy the entire house for cash.



http://www.moneyweek.com/news-and-charts/economic-indicators/uk-house-prices/02-uk-net-mortgage-lending-00011.aspx

From a comedy perspective, it does still hold some laughter value.
The repetitiveness is drying up that humour though as we've heard it all before.

What's increasing the comedy calue is that you appear to genuinely believe that a deposit may be enough to buy a property for cash in 18 months time.
Thats pure comedy genius, but if you yuse the same too often the laughter will fade away and you'll be locked up in a padded cell to keep your loony rantings to yourself.

michaels

I don't understand - you suggest three reasons why rates will stay low for the foreseeable and yet the thrust of your post is that increasing rates will cause problems?

AD9898 wrote: »

The bottom line is IRs, hundreds of thousands of households are just about treading water, any rise back to say 3% would surely have disastrous consequences for the housing market.

All this with 2-3 times as many dual income families as there were a few decades back. The question for FTBrs is, do you think rates will stay this low for 25 years, on a backdrop peak oil, low wage inflation and massive global debt ?

Well do ya feel lucky .........

purch

Why is there always the assumption that the House Price line on the graph HAS to move lower, rather than the Nett Mortgage Lending line rise ?.

In reality, both lines on that graph will ultimately move back towards each other, but I doubt very much that ALL of that movement will come from house prices.

RenovationMan

Macaque is my favourite poster. His excellent and humourous posts piqued my interest in House Prices and now, despite not caring whether they go up or down, I seem to be commenting on all of them. Great fun.

StevieJ

AD9898 wrote: »

The bottom line is IRs, hundreds of thousands of households are just about treading water, any rise back to say 3% would surely have disastrous consequences for the housing market.

All this with 2-3 times as many dual income families as there were a few decades back. The question for FTBrs is, do you think rates will stay this low for 25 years, on a backdrop peak oil, low wage inflation and massive global debt ?

Well do ya feel lucky .........

I really don't know where you get that from, in my experience the number of duel income house households has been at a similar level for many a decade.