Price Crash ITV 8pm TONIGHT....

roswell

And the answers to those will vary widely,

One could give an example.

1 ) Yes paid it off in 1965

2) because I love my house but my children cant afford a property and im sick fo the rug rats having all there mates round or coming in at 3 am in the morning singing.

or it could be.

1) No

2) Not relivant

or many others.

Im interest in what was shown not on if there is or isnt going to be a crash.

nmiah786

roswell wrote:

And the answers to those will vary widely,

One could give an example.

1 ) Yes paid it off in 1965

2) because I love my house but my children cant afford a property and im sick fo the rug rats having all there mates round or coming in at 3 am in the morning singing.

or it could be.

1) No

2) Not relivant

or many others.

Im interest in what was shown not on if there is or isnt going to be a crash.

SAME HERE!:D

kay_fin

I missed it too. if you go on you tube and type in tonight with trever mcdonald a few clips are available.

exil

Don't really understand those responses to my post.

Every few weeks someone comes on here predicting that house prices are just about to crash, and here we have a TV programme predicting the same thing.

My point is - I don't think the people making these claims really believe it - if they did they would have sold any property they have and be renting for the duration.

vansboy

My Synopsis....

Panel of ....
Phil (from LocationLocationLocation)
Jonathan Maitland (didn't he do some 'prove I'll make fortune' stunt with his equity in his house)
Unknown buy to let investor lady

Had to listen & watch cases & opinions put to them from ...
Boss of Savills, boasting how much £$£$£ city types were making & 'investing' in London, 'cos it's really safe - politically/financially/otherwise.

Girl who lost her home, after ilness, new baby & 5 times her salary, interest only mortgage.

Couple of younger guys, who buy, do up & rent out houses. But hardly cover their X's. Still show off the Aston Martin though!!

Results for prices in 18months timewere..

Phil = 10%+ up
Lady BTL = same as inflation (7%)
Jonathan = DOWN 10%

SO NOW WE KNOW!!

VB

roswell

exil wrote:

Don't really understand those responses to my post.

The responce is there will be many reasons to why people want / dont want a crash many will also just have a healthy interest in housing and whats happening.

exil wrote:

Every few weeks someone comes on here predicting that house prices are just about to crash, and here we have a TV programme predicting the same thing.

Correct, there was also a similar show a few months ago about 2 woman getting a 250 000 mortgage and 1 of them didnt even have an employment contract yet. There will always be people with opinions or great knowledge than otheres and its nice to hear there thoughts.

exil wrote:

My point is - I don't think the people making these claims really believe it - if they did they would have sold any property they have and be renting for the duration.

Some people have sold up and rented maybe not all of them directly for this reason but just the same as the stock market at the moment if you have the profits / equity to take a fall there is no rush to sell. Its panic selling that causes the values to fall or an influx of cheaper goods eg like DVD players a few years ago.

In my case my property is worth about £90 000 I have a outstanding mortgage of just over £15 000. I dont need to sell for fear of negative equity after all you can only take the money out the property by selling it and that £90 000 would only buy me a house more or less the same as I currently have unless I was to increase my borrowing.

peter999

I've added £50k to my property price.
I'm sure some idiot will pay it.
Think of a number & double it.

La La land property prices & you know it.
No basis on reality.

Funny how each generation thinks they're something special & can buck the trends.
You won't know until you're in deep poo poo.

peter999

ashli_2

peter999 wrote:

I've added £50k to my property price.
I'm sure some idiot will pay it.
Think of a number & double it.

La La land property prices & you know it.
No basis on reality.

Funny how each generation thinks they're something special & can buck the trends.
You won't know until you're in deep poo poo.

peter999

I didn't mean to thank that, I meant to quote it... that doesn't make any sense at all.....

roswell

What peter is saying is his property is on the market he thought of a number and doubled it £25 000 X2 so he added £50 000 ontop of his valuation and is wating for someone to buy.

Wether he has done this or not doesnt matter the point he is making is that if someone does buy it for that price the sale price will be registered on the land registory and will push the average up. In effect thsi is what happens with every house sale but not directly.

EG a house should only be worth the cost of the materials and labour to build it but we all know that this isnt how they are valued, they are valued by and estate agent coming round saying I Got £400 000 for one round the corner 2 months ago we will put thsi up for £450 000 and see if we get any interest.

ManAtHome

Do I own a house? - yes
Why have'nt I flogged it? - will swap it for another one when I retire (and I'm not dependent on property for retirement income).

Should we have a bit of a crash? - yes. I think it's appalling that an allegedly socialist govt can effectively leave a couple of generations without a hope of buying their own place. Additionally, the housing market is sucking in an increasing percentage of disposable income - a VERY BAD idea for a country with an economy based largely on consumption.

Apparently we (homeowners) are all now mega-rich... Big snag is that all our profit is the following (several) generations debt - so just how rich are we?