House prices wont Crash/interest rates wont rise...

B_Blank

Conrad wrote: »

Absolutley classic response. Go read the papers of 1974, 1982, 1991 - it's always the worst time ever but in different ways.

Life goes on, fuc it all and get stuck in.
Who gives a rats @rse what the headlines read. Go cleaning people wheelie bins this summer, make £20,000 cash on the side.

TO be honest this is pretty !!!!!!. If you think something is going to fall in value and it wont effect you too much to wait then you should wait for it to fall in value before you buy. Blindly just "getting stuck in" isnt a sensible apporach really.

If you think the market will decline then it makes sense to wait. The last 4 months we have seen a 2% decline across the UK (from land registry prices). This equates to a 6% decline over a year long peroid and this is inspite of unprecedented monetary stimulation (which is ongoing) and very high fiscal stimulus (which is just starting to filter out of the system).

If I can wait another 12 months and see a further 5-10% decline (as the economists predict - not just some forum idiots) then I will be able to buy a slightly better place with my money. I dont expect a crash, although you can never be sure!

the_flying_pig

B_Blank wrote: »

TO be honest this is pretty !!!!!!. If you think something is going to fall in value and it wont effect you too much to wait then you should wait for it to fall in value before you buy. Blindly just "getting stuck in" isnt a sensible apporach really.

If you think the market will decline then it makes sense to wait...

nah, everyone should just get stuck in.

for example, i don't particularly expect stoke city to beat arsenal in the premiership tonight, but i still fully intend to get stuck into betting on them to do so. just because.

crash123

julieq wrote: »

I need a fall in the price of Georgian Rectories too.

More than that. I am ENTITLED to a fall in the price of Georgian Rectories.

antique furniture has dropped in price

nicksthename

I think possibly a small decline. Not a crash.

Credit availability is not becoming any easier, and is unlikely to, as banks will be restricted from lending sums that will never be paid back.

Interest rates are currently being held artificially low, which can't go on forever.

So in terms of financing the purchase, money is tight. However as home ownership is so important to us in the UK, people will always try to find a way, so there will still be a demand....

drc

Who knows what will happen. If the bankers feel like they've had enough of HPI, then maybe they will bet on house prices crashing just when everyone thinks its not going to happen and make a tidy sum. There are too many unpredictables in this world at the moment - I bet nobody thought that Mubarak and Gaddafi would be ousted from power so quickly. The world is a changin'.

stringsmk2

AD9898 wrote: »

With approvals at all time lows the chances of selling a house are very low, therefore the 'crash' visits you if you become a forced seller. Forced sellers are the key whether on a large scale or small scale.

Where are the forced sellers?

Alot of people might want to sell, but they can not as the banks wont let them