Are House Prices Going to Crash?

Gorgeous_George

No, they will continue to rise

So, Al Mac, Alan M, borewaiting, libitina, manhattan and whambamboo expect a crash within the next year.

Might have to make a note in my diary.

I voted 'No, they will continue to rise' and this may be correct for a year or two. After that, it rather depends on so many unpredictable factors that no-one can really know.



GG

manhattan

Yes, within the next year

mr.broderick wrote:

:rotfl: Yeah sod em all who cant get on the ladder.....

i hope you loose everything,you truely deserve it!
and i would love to be first in the que to kick that ladder away from you.

the_postman_2

Yes, within the next year

have to agree

ill kick you on the way up that pesky ladder

Jim_B_3

There is no ladder, chaps.

cwcw

No, they will stabilise and interest rates will stay low enough

I'm not worried about being able to afford the mortgage repayments. We have a fixed rate for 2 years and even if interest rates have doubled at the end of it I could still afford that. What worries me is that, the amount I'm paying now for a 2 bedroom flat, may buy me a 4 bed detached in an equally good area in a year or so. That really would make me feel sick (even more sick than being born 5 years too late to have bought at the start of the current boom). Grrr. :mad:

Gorgeous_George

No, they will continue to rise

My best advice would be - buy a house that you want to spend many years living in.

The risk with a 2 year fixed rate is that, should you wish to move in 2 years time, you could find your mortgage doubled and propertry price halved. This could make it very difficult to move.

Good luck with whatever you decide. Bae your decision on your own reasoning then you've only got yourself to blame, or thank.



GG

cwcw

No, they will stabilise and interest rates will stay low enough

Gorgeous_George wrote:

The risk with a 2 year fixed rate is that, should you wish to move in 2 years time, you could find your mortgage doubled and propertry price halved. This could make it very difficult to move.

But that would be the same with a fixed or a variable? So long as I don't want to move within the fixed period and incur a hefty 3% fee.

roswell

I've absolutely no idea

If your not sure about buying look at the price of a mortgage, look at what you can buy, Then look at what the rent is on the same (ish) property.

if cheaper to rent - rent.
if cheaper to buy - buy

mr.broderick

No, they will stabilise and interest rates will stay low enough

manhattan wrote:

i hope you loose everything,you truely deserve it!
and i would love to be first in the que to kick that ladder away from you.

Thanks manhattan, you replied just as i knew you would.
That is why i posted it.
Most of the posters on here would love to see a crash and dont give a monkey about people who bought in the recent boom, i didnt by the way. Its ok for you guys to keep phrophecising a crash in the hope it will happen but when anyone says anything to the contrary you get upset. I wont "Loose lol" lose anything, Im happy where i am and would never buy for investment, only for a home, married, 2 children, another on the way, so if there is a correction which wouldnt affect me anyway, i wouldnt be arsed.....:p

Xbigman

Wow. It only seems like 5 minutes since the last 'house price crash' thread.

Hmmm. Actually, it was only 5 minutes since the last 'house price crash' thread. :rotfl:
Regards



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