A price crash.

advent1122

I was speaking to a bloke down the pub yesterday and he said a housing price crash is about to happen.
Should I sell my house and invest in the Soya Bean market then move to Bulgaria and buy a 10 bedroom mansion for £49.99?
Decisions Decisions.

real1314

well, there's pros and cons to either choice :T

my advice is go back to the pub and....:beer:

roswell

could be excellent demand for soya if bio diesel takes off globaly ... might not as well

MickKnipfler

Quite a few people have sold to rent on that belief

missk_ensington

I dont think it'll happen, sure if interest rates rise a few people who have not budgeted for an increase in outgoings and are already massively stretched might have to sell up. This could result in more houses for sale, and less demand thus prices wont be through the roof.

If people are renting on the proviso that everyone is suddenly going to lose their house then they're wasting their time. The few houses that will go up for sale to be sold urgently due to repossession will be snapped up by investors in the same way that any cheap houses are now. Dont know about where you are, but !!!!!! hole houses that have development potential are snapped up before even going on the market where I live.

Same would happen I think with ANY property going cheap, and there won't be that many of them to flood the market. Some will sell up, but not to the extent people are predicting.

I dont think the powers that be would allow a crash, having seen it happen before in history.

Ian_W

advent1122 wrote:

I was speaking to a bloke down the pub yesterday and he said a housing price crash is about to happen.
Should I sell my house and invest in the Soya Bean market then move to Bulgaria and buy a 10 bedroom mansion for £49.99?
Decisions Decisions.

Could I refer the honourable gentleman to the previous debate at:
http://forums.moneysavingexpert.com/showthread.html?t=360409

It proves conclusively that there will NOT be a crash - though less certain is why Noddy and big Ears became involved, the relevance of the Year of the Pig being in Uranus, and how many pages it will take to conclude.

Doozergirl

If we could just get the threads merged, I think there's some pertinent issues in this thread that those participating in 'No Price Crash' would be happy to debate.

And we'd be well into five pages.

talksalot81

A funny thing is that people will complain if a crash does occur. Threads like this are why many people would give zero sympathy.

PoorDave

Echo...echo

CB1979_2

yes and no

you work it out

wayne42

Looking at the historical property charts a huge dip is inevitable IMO at some point.

I read somewhere that the last time inflation was this high,interest rates were 10% !!
Next base rate rise in Feb??