Price Crash ITV 8pm TONIGHT....

roswell

Well as good luck has it I got home this monring and found the program living on my Hdd recorder,

So iv watched it and thsi is my view,

A agent for Savills is sellign houses in the choose a number and add 6 O`s to it market, He doesnt have any idea of the market outside of these properties and is unlikely to know anything about wales / scotland manchester etc.
This is a large part of his market but a small part of the whole UK market.

The twins, well they have been in property since 1997 but are only just making profit and in there own words repairs or viods kill there profit, They drive a aston martin (not the yellow porsche of the 80`s) thsi is probably a lease car, it seems that they really believe in property and dont understand the possibility of a loss.

The woman from money Week, She has feet on the ground knows that the average property in the UK isnt a penthouse on the Thames. I think she is most likely to be correct in the wider / longer term.

Phil, Well he isnt goign to say there is going to be a crash is he ? that would kill his career and his investments,

The presenter was the only objective on there if you ask me he asked the good questions and got the answers to the questions, But i feel it was all a bit kit gloves EG, you make a documentry of what you do and then asnwer 2 questions at the end.

Really I think there should have been some stats on regonal repo`s and regional house pices, regional wages / employment or unemployment and regional debt.

What Do i think will happen ? No idea but its fun to watch just like the stock market this week. All markets hang on sentiment and when that changes a new market is born.

brasso

exil wrote:

"Markets go up and down, and housing is no exception."

Well - actually they seem to be. There was a brief dip in prices around 1990, but basically prices have risen relentlessly since the 1930s.

Long term, house prices rise more or less in line with disposable incomes. And as long as those incomes keep rising, so will house prices. Why? Because unlike other markets, supply is restricted by green belt and other regulations, and the sheer lack of available land - houses are not built where people want to live - so prices rise in hot spots - so people are pushed out into surrounding areas, raising prices there - so eventually the house price wave spreads out throughout the country. Typically, a boom starts in London and moves out from there over the next few years. This is usually followed by a "correction" but that means prices stabilising rather than crashing - people just stop selling as soon as they think they might lose money on the sale and the supply is quickly restricted.

Property has indeed risen in the long term though there have been a number of crashes/corrections along the way. Late 70s, late 80s right up to mid-90s were bad times in which a lot of people were repossessed or battled against negative equity. If you buy property for the long term, you are very likely to be OK unless a point comes when you HAVE to sell which coincides with one of these extended downturns.

If you buy property only as an investment, or with a short-term view, you are likely to have many anxious days ahead.

brasso

do_it_today! wrote:

There maybe economic wellbeing ie higher incomes and employment but that doesnt translate into happiness of peace of mind

It certainly does for me.

talksalot81

leftieM wrote:

They won't part with their BTLs to make it easier for you though!

I cant be absolutely certain about everyone, but there are more than a few who are not up to these tricks. I am guessing that with so many solicitors, medics and senior management types, the amount of money flowing is sufficiently high that they need not bother with BTL - I certainly know this to be true for some.

brainiac44

the real FACTS were there from the EXPERT from money week.
all others on the program were SPECULATORS offering OPINION.


its clear as day whats going to happen next.
buy now and you deserve all you get.

those two buy to let types made me laugh - "we'll put rents up (if) the interest rate rises". haha. rents are not rising. not since 2001 and the btl oversupply. these guys got a little lucky being have in the low trough of 98, but to offer this as a solution or investment right now in the bubble is madness. anyone taking up that advice was always going to lose their savings anyway.

three has NEVER been so many vacant property in the whole uk history as now.

brasso

brainiac44 wrote:

the real FACTS were there from the EXPERT from money week.
all others on the program were SPECULATORS offering OPINION.

I read that lady in Moneyweek every week, and she is a born contrarian, and seems highly bearish by nature. So far she has been wrong on almost everything I've read that she's written, whether it was why the Google floation would ruin the company, why no one would ever make money from commodities, or why the oil price would never fall (just before it crashed last summer).

But of course one day there will indeed be a correction in the housing market. It may be next month, next year or 5 years. We really don't know. Presumably she will then declare that she was right all along. In the meantime, people who have ignored her advice for years will have done very nicely thank you.

PosterBoy77

brasso wrote:

I read that lady in Moneyweek every week, and she is a born contrarian, and seems highly bearish by nature. So far she has been wrong on almost everything I've read that she's written, whether it was why the Google floation would ruin the company, why no one would ever make money from commodities, or why the oil price would never fall (just before it crashed last summer).

But of course one day there will indeed be a correction in the housing market. It may be next month, next year or 5 years. We really don't know. Presumably she will then declare that she was right all along. In the meantime, people who have ignored her advice for years will have done very nicely thank you.

I read moneyweek regularly, and I think you must be reading something different. She has certainly not said that commodities would not make money, she has been touting uranium for a while and soft commodities also. The oil price has also not fallen far compared to where it rose from.