Price Crash ITV 8pm TONIGHT....

franklee

exil wrote:

Things to ask people who predict house price crashes:-

1. Do you own a house

Yes?

No.

exil wrote:

2. Why have you not sold it - if you believe house prices will crash, you ought to sell it and rent for the duration of the crash, then buy it back.

I would be surprised if they have a good answer to the 2nd question.

Err, why do you think I don't own a house? :j

Oh and I don't want that one back, thanks, the commute would be too long .

RufusFrog_2

vansboy wrote:

My Synopsis....

Panel of ....
Tim (from LocationLocationLocation)

You mean Phil!
Also there was another witness, editor from Mortgage Week? She was the one predicting a big dip (20%?)

vansboy wrote:

Results for prices in 18months timewere..

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

SO NOW WE KNOW!!

VB

But look, I bought my first house in 1986 and prices almost immediately started to rise sharply.
I bought my second house in 1989 and prices quickly started to fall.
I bought my third house in 1996 and prices then went up, straightaway.
I've hung on in this house for 10.5 years and prices have carried on rising, even though many people thought they shouldn't.
I am moving house this month.
Since my house moving activity clearly triggers a reverse in the direction of house prices, we must be in for a drop! :rotfl: :rotfl: :rotfl:

mrstinchcombe

Interesting to see that the woman that predicted a House Price Crash is a "pessimist".

Thats an optimist in my book!

mystic_trev

RufusFrog wrote:

Since my house moving activity clearly triggers a reverse in the direction of house prices, we must be in for a drop!

Ahhhh you're the infamous Trigger............or are you just Roy Rogers horse!?

BettiePage

vansboy wrote:

Unknown buy to let investor lady



VB

Rosie Millard.

leftieM

ManAtHome wrote:

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.

What socialist government? Did I miss an election?

On topic, I wouldn't have thought it was a 'socialist' policy to have eveyone owning their own homes. Somewhere decent to live, yes, ownership, no.

JBeau

Anyone who thinks that house prices only go up should go back to school. Prices will correct eventually. If any property expert announced on national tv their REAL feelings about the market then they could kiss goodbye to any further business. Doesn't really matter that perhaps Phil Spencer really goes to bed at night thinking CRASH CRASH CRASH.........he'll keep his mouth firmly shut until the facts hit the headlines. Its not about "predicting crashes" this isn't reading tarot cards ....this is just plain fact....house prices will eventually come down. And yes, I've put my money where my mouth is...sold up and will carry on renting until I think prices are sensible.:p

PINGLEIST

I am in the position of owning my own house wanting to upgrade but not sure if I should sell my existing house or rent it out.

I hear all the chants and counter-chants regarding house pricing and up until very recently was very keen to rent out but I,ve never known a time when so many indicators point to a drop in prices.

Unless the house of my dreams comes along at the right price I am very reluctant to jump at the moment, I just can,t ignore my instincts.

JBeau

PINGLEIST........trust your instincts!!!!!;)

talksalot81

There are a few things that people should consider. Only 6 months ago, every last 'expert' was predicting rises. The media was the same, every report was bullish, there was barely mention of a slowdown, much less a crash. In fact, the 'crash' word was almost a swear word - absolutely no one in the press used it. So it is worth asking why the concept of a crash has become mainstream. It is no longer a few geeks who can reasonably be dismissed. There is significant backing to the idea of a crash. Anecdotal evidence indicates that those predicting a crash are well versed and have good reasons to predict it. In contrast, your average individual who 'nonsenses' a crash is doing so with little evidence beyond the fact that the economy is (supposedly) strong and prices only ever go up.