House Price Crash within 2 years???????

cwcw

Alan_M wrote:

Shall we take bets on who will start the first "House Price Crash, I told you so" thread:T

My negative equity is on meanmachine.

ukbondraider

Like I said times change.

Everyone expects things because it was like that in the past. Everyone cant comprehend why they should live differently because the older generation didnt have to.

In the past no one had cars yet everyman and his dog has one today.

In the past there was not a NHS service yet everyman and his dog to some extent can get medical treatment.

Whether house prices fall or rise lets not expect things because it was like that in the past. If that was the case then we would all be shafted. Why cant people accept the possibility that we could possibly be entering into a paradigm shift.

As for kids rioting because they cant afford a house, this is rubbish and it again shows the greed in this country -- if I cant buy it, I'm going to steal it...

I dont now which way house prices are going and to be frank I dont really care. The underlying problem I see in this country is how people think they can spend when they cant afford it. The number of new cars I see on the roads or parked in tiny houses amazes me as do the way people spend on their credit card without taking into account the potential consequences. Not surpisingly the next question they ask themselves is why should houses be expensive.

Everyone talks about how an average wage should be able to buy an average house. If I had my way and could influence the economy a better more fairer criteria for being able to buy a house would be that only people with straight A's at school and a 2.1 at uni can be able to buy a house. Why??

Because in my opinon everyone should earn the right to buy a house and not expect it. Wouldnt we all love to see all the school drop outs stay in rented acommodation all their lives?? OK maybe a bit extreme but its a different flavour to the constant average wage vs average house whinging.

ukbondraider

I now refuse to reply to any more of these house price crash or house price boom type posts. Its all so repetitive.

Amitoocautious

I am an above average earner with a 2:1 and straight A's and an above average salary but i am not prepared to take on a huge multiple just because times change! Why should i spend my hard earned money paying 4 times what a chav may have bought through the RTB scheme.

I still dont think its greedy for people to want to own their own home though

Guy_Montag

ukbondraider wrote:

As for kids rioting because they cant afford a house, this is rubbish and it again shows the greed in this country -- if I cant buy it, I'm going to steal it...

I think you are making a mistake here, kids don't riot because they can't afford to buy a house, but owning a house or even aspiring to owning a house discourages reckless behaviour for any reason. In a nutshell homeowners don't riot.

Though there is, as happened in Wales (& I know of a case in Scotland), the "if I can't afford it, no matter how hard I work, when should some English !!!! come in & price me out"... But that's not what, I think, movieman was refering to.

talksalot81

MickKnipfler wrote:

Maybe though, we will get inflation too and interest rates will rise. Therefore, the monthly payment on a FTB motgage won't be any cheaper. However, you may only owe £75k instrad of £150k!

Let us say that a 20k deposit is a hell of alot more useful when you are purchasing at 75k than it is at 150k!

You know the thing that gets me most about these threads? It is all the whingeing. Those who see a crash are just discussing it. If you dont like it, why not just sod off? There can be only one thing more sad than predicting a crash - namely reading it over and over again because you have nothing better to do than try and insult people over the internet.

zorber

ukbondraider wrote:

Like I said times change.

Everyone talks about how an average wage should be able to buy an average house. If I had my way and could influence the economy a better more fairer criteria for being able to buy a house would be that only people with straight A's at school and a 2.1 at uni can be able to buy a house. Why??

Because in my opinon everyone should earn the right to buy a house and not expect it. Wouldnt we all love to see all the school drop outs stay in rented acommodation all their lives?? OK maybe a bit extreme but its a different flavour to the constant average wage vs average house whinging.

Whilst i agree with your therory, i think your views are boardering on the extreme, just because some one doesnt have a top degree and straight A's you think they shouldnt have the right to own their own house.
How wrong you are! There are people that do not have the education or have had the chance in life to get that education but may have worked twice as hard to get to where they are now and may even own a multimillion pound small business and may be even be better off than you.
For such an educated person you have such a narrow minded view, its as though you wish to have all the poorer people be your slave. Yet its some of these poorer less well paid people that do important jobs that you wouldnt like to do, like collect rubbish, mend roads, armed forces who all deserve good housing as well. with out these poorer less well educated workers the country would grind to a halt.
For the record i am not saying any of these named trades are any well less educated then ukbondraider and i am not trying to pick a fight either i just feel that the view expressed is a little extreme for being on here.

Buy the way i have honors degree in biochemistry but started my working life after uni stacking shelves and trying to work to the top rather than take the easy 37hr per wk civil service job option!!!

MickKnipfler

talksalot81 wrote:

Let us say that a 20k deposit is a hell of alot more useful when you are purchasing at 75k than it is at 150k!

You know the thing that gets me most about these threads? It is all the whingeing. Those who see a crash are just discussing it. If you dont like it, why not just sod off? There can be only one thing more sad than predicting a crash - namely reading it over and over again because you have nothing better to do than try and insult people over the internet.

was that last comment aimed at me?

scorpio_princess

ukbondraider wrote:

Basically everyone who wants a crash will talk about it to try and persuade people to think ta crash will happen so that they can greedily beneifit. Those that own lots of house will do the opposite.

No one knows.

Its like when people buy shares.

'Greedily benefit'? What is greedy about wanting to own your own home rather than pay someone elses mortgage through renting? Yet again, a smug homeowner looking down on the have-nots :rolleyes:

movingforward2010

i doubt that houses prices will be half price in 2yrs , i think the majority of the people in the country will be in negative equity. ull be still saying the same in 10 yrs ' oooooo wait till 2020 we'll be able to get a 5 bed mansion for £50k'