House Price Crash 4

cordial

I am seriously cheesed off about the endlessly-repeated speculation about impending 'crashes' in house prices.

Yes, of course it's possible... and, Sod's Law being what it is, it probably WILL happen sooner or later. When it does, needless to say, there will be winners and losers.

Nevertheless, after reading through all such threads in recent times, it seems to me that nobody has the magic formula for predicting exactly when this will happen or what sort of dive prices will take.

In the circumstances, I think that all this amounts to is an exercise in extended navel-gazing and an opportunity for the doom-mongers to mix it, ego-wise, with the rose-tinted optimists.

Unless someone is actually going to come up with said crystal ball, can we all not please drop this one, for god's sake?

beanieandme

Can't see much of a drop if more people young people continue to need housing, and there aren't enough coz old people are living longer

Sisyphus

cordial wrote:

... blah blahh
Unless someone is actually going to come up with said crystal ball, can we all not please drop this one, for god's sake?

The clue was in the thread title Sherlock. No-one forced you to open it up and read it. Chill out and go and talk about something else with someone who's interested in what you've got to say.

beanieandme

Sisyphus wrote:

The clue was in the thread title Sherlock. No-one forced you to open it up and read it. Chill out and go and talk about something else with someone who's interested in what you've got to say.

lol, yeah, get on with living your life, and good for any of you if you live in a big expensive house coz you inherited. Can't wait for my turn

Sisyphus

beanieandme wrote:

Can't see much of a drop if more people young people continue to need housing, and there aren't enough coz old people are living longer

You're right - keep it simple! Absolutely no need to complicate the discussion with trivialities such as interest rates, inflation, affordability, cost of living, untenable mortgage multiples, loss making BTLs, tiny rental yields, bankruptcies, repossessions, rising unemployment, bubble mentalities and falling American real-estate markets.

More buyers than sellers innit. Always have been always will be. Fill yer boots. End of.

beanieandme

Sisyphus wrote:

You're right - keep it simple! Absolutely no need to complicate the discussion with trivialities such as interest rates, inflation, affordability, cost of living, untenable mortgage multiples, loss making BTLs, tiny rental yields, bankruptcies, repossessions, rising unemployment, bubble mentalities and falling American real-estate markets.

More buyers than sellers innit. Always have been always will be. Fill yer boots. End of.

Yeah, and I don't see why people have to get all snappy on here. People are just plain greedy. If you just get by every day, then good for you.

Alan_M_2

cordial wrote:

I am seriously cheesed off about the endlessly-repeated speculation about impending 'crashes' in house prices.

Yes, of course it's possible... and, Sod's Law being what it is, it probably WILL happen sooner or later. When it does, needless to say, there will be winners and losers.

Nevertheless, after reading through all such threads in recent times, it seems to me that nobody has the magic formula for predicting exactly when this will happen or what sort of dive prices will take.

In the circumstances, I think that all this amounts to is an exercise in extended navel-gazing and an opportunity for the doom-mongers to mix it, ego-wise, with the rose-tinted optimists.

Unless someone is actually going to come up with said crystal ball, can we all not please drop this one, for god's sake?

Feel free not to read the thread if it's so annoying, really, posting on an open forum about how much you dislike reading the threads posted on the open forum...well, that's kind of like going to the Doctor and saying, "Doctor my eyeballs really hurt when I stick my fingers in them".

Waddya think the Doc will say Huh?

beanieandme

Forums are for open, even opinionated discussions aren't they? Who are we to moderate anyway? There are so many complicated issues to discuss in the house market situation, and no one can can tell you how it's going to be, so why not just let it be, lol. If you bought cheap years ago then good on ya, if you didn't then that's that, you can't change anything, stop worrying.

fimonkey

To add my two penneth worth, discussions like this are HUGELY interesting to me as I'm a potential FTB who's just inherited 30K and lives in Bournemouth (Immensley expensive, and yes the folk down here are definately living longer, .. good on em). ... So what should I do? put down 20K down as deposit on an overpriced shed, or put the 20K into a savings account in the hope the market stagnates/falls?

Keep the discussion up please guys, inlcuding all the variables re: interest rates/unemployment etc, I'm learning heaps! (And any advice on what you'd do in my position is very welcome).

Guy_Montag

fimonkey wrote:

To add my two penneth worth, discussions like this are HUGELY interesting to me as I'm a potential FTB who's just inherited 30K and lives in Bournemouth (Immensley expensive, and yes the folk down here are definately living longer, .. good on em). ... So what should I do? put down 20K down as deposit on an overpriced shed, or put the 20K into a savings account in the hope the market stagnates/falls?

Keep the discussion up please guys, inlcuding all the variables re: interest rates/unemployment etc, I'm learning heaps! (And any advice on what you'd do in my position is very welcome).

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