Is it me? Or has anyone noticed that we are in the largest bubble of all time?

horace_2

When will people wake up?

h

custardy

smcqis

!!!!!!......?

olias

What the OP means is they weren't in a position to buy a property when they were more affordable, and now they are more expensive, they are out of their reach they are jealous and want something to happen to make them cheaper so they can afford one. They don't care what financial harm this may cause to those who own property, as long as they drop enough in price that they can buy.

Of course once they own, they will want prices to rise and will be patting themselves on the back when they do.

Olias

Davesnave

horace wrote: »

When will people wake up?

h

You are on the wrong forum. In 'Debate' people have certainly noticed and others disagree, claiming that demand is so high the bubble will stay inflated.

I think the problems we face are more fundamental than the vagaries of the usual boom/bust cycle, which is why I have bought a property where partial self sufficiency is possible.

What are you doing about it?

Running_Horse

^^^^^^^^^^^^^^^^^^^^^^^^^^
The House Price debate forum is thataway.

https://forums.moneysavingexpert.com/discussion/3032240=

We haven't had a holiday since a week in the Lakes on our honeymoon four years ago, and are unlikely to do so for another year or so. We chose to invest our income in a family home instead. How you choose to spend your money is entirely a personal decision for you.

Orpheo

The trouble with bubbles is that it is delusional to believe that they will remain inflated. Yet people do.

RabbitMad

horace wrote: »

When will people wake up?

h

Of course I have, the cosmos is just one large bubble that's going to burst (or deflate or expand so large that the bits inside are stretched to nothing ness) - however I (and the rest of the human race) won't be around then so don't care.

Or perhaps you are in the eden centre and have mistook the dome for a bubble.

Neil_in_Bristol

I've been telling my friends that house prices are a bubble waiting to burst for the last ten years, but the fact is, prices haven't crashed. Every year, prices have become more an more ridiculous and it's looked inevitable that something would give, but the bubble has largely survived intact.

We've seen one slowdown (in 2004) and a minor correction (2008). On both occasions, people have said that it's the start of a major crash, but that hasn't happened.

I'm inclined to think we'll see some small price falls this year (perhaps 10%) but my advice would be not to wait for "the big one" to happen - like me, you might still be waiting 10 years later.

Davesnave

Neil_in_Bristol wrote: »

We've seen one slowdown (in 2004) and a minor correction (2008). On both occasions, people have said that it's the start of a major crash, but that hasn't happened.

I'm interested to see that 2008 was 'a minor correction.'

I lived less than 20 miles from you, and 2008 was -18% to me, which wasn't 'minor' from my POV!

However, I'm still glad I sold, rented, and then bought again at the bottom of that dip. As you suggest, that chance might never come again.

Neil_in_Bristol

Davesnave wrote: »

I'm interested to see that 2008 was 'a minor correction.'

I lived less than 20 miles from you, and 2008 was -18% to me, which wasn't 'minor' from my POV!

Sorry - what I meant is that it wasn't the crash of 30% or 40% that some people were predicting. The OP implies that the bubble is due to burst, but I think he might end up waiting forever.

I do think that it's a terrible shame that prices might well remain out of reach of many people for some time, and even more so that the government did nothing to prevent it from happening in the first place.