what do the HPC mob think prices will drop too

LandyAndy

No sign of drops round here.

Darthvader

First you have to define who the house price crash mob are? Isn't everyone in agreement now that property is now in a bear market?

I know there are a few left who still think the bull market will continue for some time yet, but they are few and far between.

Pimperne1

Darthvader wrote: »

First you have to define who the house price crash mob are? Isn't everyone in agreement now that property is now in a bear market?

I know there are a few left who still think the bull market will continue for some time yet, but they are few and far between.

Unless you are talking in "real" terms I don't think there are many bulls or bears. I suspect we are nearly all on the stagnation bandwagon.

Smilver

Pimperne1 wrote: »

Unless you are talking in "real" terms I don't think there are many bulls or bears. I suspect we are nearly all on the stagnation bandwagon.

Stagnation is bearish. Bull means you think values are going up from here.

Only the uneducated do not think in real terms. If in several years time an uneducated person says see my house is about the same price as it was 10 years ago! Then they can not see that it has been in a bear market for 10 yrs.

Darthvader

LandyAndy wrote: »

No sign of drops round here.

If the price is not changing over the years then that is bearish, it just proves property is now in a bear market.

Darthvader

moneyinmypocket wrote: »

there is a lot of threads of the HPC cheer leading squad - pointing any bad press as further proof of a pending HPC - please let me know what you think prices will drop to and what you consider a HPC?

What I would consider a propert crash would be 50% down in property values from the top to the bottom.

If the top was around 2007 then 50% down in real terms, could be about the same 'price' as then. The bottom could be around 2018 or something, who knows. But it might not look like a crash if prices are about the same as they were at the top. But you have to undertsand the difference between price and value. Price means nothing, value is everything.

Sibley

There will be no crash now that's obvious.

They are desperate and are grabbing at real terms rubbish.

At the end of the day after 7 years of !!!!!ing most of them still rent.

Mike.M_6

moneyinmypocket wrote: »

there is a lot of threads of the HPC cheer leading squad - pointing any bad press as further proof of a pending HPC - please let me know what you think prices will drop to and what you consider a HPC?

At the moment prices are well priced with record low IR - do you really think it would be better to have house prices half price and treble the IR??

Good question. The bottom could be in the next few years, I can see the average price staying the same for most of this decade. So to answer your question what property will drop to, I think 40-50% real falls.

There are too many factors that could change this, like how long before interest rates correct to their mean long term norm. But I think after the dust has settled looking back at this property bear market it will be a 50% real fall from the top to the bottom.

johnny_storm

MrsRee wrote: »

They'll always rent. Some people just arent cut out for owning their own place. They don't have the balls. They're cut from a different cloth.

Its nothing to do with balls, its ability. They dont earn enough to buy somewhere, they are in low paid brainless work.

Its quite simple, if they were as clever as they thought they were, they would be paid enough to have been able to have afford a house. They werent, arent, and wont be.

pioneer22

johnny_storm wrote: »

Its nothing to do with balls, its ability. They dont earn enough to buy somewhere, they are in low paid brainless work.

Its quite simple, if they were as clever as they thought they were, they would be paid enough to have been able to have afford a house. They werent, arent, and wont be.

Not really my girlfriends a teacher and she find it hard to be able to save up and pay for everything. Unless that's brainless work of course.