A crash explained in laymans terms.......

nembot

It's probably more due to the unbiased approach MSE take, that you're both still here.

I mean, do you guys actually believe some of the stuff you write, you know... seriously?

Sibley

It's probably more due to the unbiased approach MSE take, that you're both still here.

I mean, do you guys actually believe some of the stuff you write, you know... seriously?

Yes, both sides of the arguement should be represented. Normally makes better reading.

Most of the stuff we right is actually true. If that were not the case HPC wouldn't have banned us would they?

Believe me if they could have proved the silly bulls proved wrong, we would still be on there.

Who cares anyway? This is bigger and better now.
Glad to be a part of MSE. :T

DaddyBear

Sibley wrote: »

I don't believe anyone is priced out

:rotfl::rotfl::rotfl::rotfl:
Blinkerd in the extreme.

Sibley

Blinkerd in the extreme.

How do you work that out?

Single person should earn 20k a year at least. Save 30k deposit then 70k mortgage.
Get a flat for 100k easy.

2 people will earn 40k.
Easily can buy a 2 bedroom house for around 130k.

Just cut your cloth to suit your purse. Don't believe the idiots telling you to wait and a 200k house will drop to 75k.

Simple.

geneer

Sibley wrote: »

Yes, both sides of the arguement should be represented. Normally makes better reading.

Most of the stuff we right is actually true. If that were not the case HPC wouldn't have banned us would they?

Believe me if they could have proved the silly bulls proved wrong, we would still be on there.

Who cares anyway? This is bigger and better now.
Glad to be a part of MSE. :T

The lady doth protest too much.
Its funny, but a quick check of HPC does show that there are still bullish posters on the site.

I can only imagine that those who were punted were proper berks.

HAMISH_MCTAVISH

geneer wrote: »

a quick check of HPC does show that there are still bullish posters on the site.
.

Name one properly bullish poster that isn't on mod pre-approval.

And link to a thread where they've posted recently.

B_Blank

Sibley/Hamish predict house prices rises
Consensus of economists predict 5% falls this year and then around 25% real term falls over the next 5 years.

I am going to go with the economist consensus rather than some internet troll. Let him have his days of bleating about the bears being idiots though, its all good fun! They feel like every piece of "good news" of prices rising (during a month) further flaters their claims.

The truth is that the economic fundamentals all point to a BIG correction in prices. Tight lending is here to stay (the banks will soon have to pay back alot of money to the boe and government), IR rates will rise and unemployment will rise. The results are obvious, and impossible to argue with in my view. House prices are heading only one way, down, it isnt a matter of if...but rather a matter of when and in what way (slow fall or crash, real term fall or nominal fall)

HAMISH_MCTAVISH

B_Blank wrote: »

Sibley/Hamish predict house prices rises

Really?

Have you read my predictions?

(Clue: Flattish in nominal terms and falling in real terms.)

Or are you just turning into another tedious poster that likes to invent things I haven't said and then argue with them....

macaque_2

Sibley wrote: »

Wonderful read with great comment.
http://www.thisisplymouth.co.uk/regionalnews/served-crash-West-house-prices/article-3296274-detail/article.html

Having posted this article a few days ago, I will save myself the trouble of writing a new response.

This is the classic 'I want to help homebuyers so long it does not affect my windfall profits'. What they fail to explain is how this 'wealth' can be sustained if the next generation cannot afford these prices.
The 70% club subscribes to Newton's Law of Gravity.
https://forums.moneysavingexpert.com/discussion/3092670

I cannot claim the best response however, this came from Graham Devon:

Sounds like that writer is a bit scared of losing his/her built up property wealth.

"We understand that you cannot afford houses, and we have loads of cash, but seriously, lower prices are bad for you....look into my eyes....lower prices are bad for you.

Funnily enough, near to the area of that paper, theres been plannin going on for ages for a whole new town development. Vested interests have now joined up with green campaigners to try and stop it. Fear for loss of wealth through lower prices if more housing is availiable is rife in the council.

Sibley

Sibley/Hamish predict house prices rises

I don't think prices will rise for a few years. They won't crash though.