Daily Mail headlines house price crash

Alan_M_2

I'm not the slightest bit interested what the Daily Mail or tabloids suggest will happen, it's nothing more than a quiet news day so it fills some space.

However, when odds compilers and spread betting firms start quoting a slide then I'm more interested, these people are very astute, that's why they are where they are and they very rarely get thing wrong.

Tiger_greeneyes

BTman wrote: »

I can hear the word's "I told you so" being repeated a lot on this board in the coming couple of years.. :cool: :cool:

Well, I'll save you the bother because I'm aware that house prices can fall, as is everyone else in this thread!

Posting journalist's opinions and anecdotal information isn't evidence of either a rise or fall. We've heard the same old yarns year in, year out for way over a decade and the market hasn't dropped yet - in fact it's increased year in, year out. If you want to believe tabloids, anecdotes and anything without substance or hard evidence then be my guest. I'll make my mind up when I see fact, not fiction. I'm definitely not gullible enough to believe what's written in the newspapers!!!

I repeat, how anybody can find joy in other people's misery, I'll never understand. But, to each his own, I hope other people's misfortune makes your day, every day! Good for you!!!

BTman

You're a feisty one aren't you..

I just get sick of people (not me btw) getting ridiculed for saying that prices may drop, being called doom-mongers, members of a HPC cult etc.

There are many on this board who I would truly love to see loose their shirt's, and when that time comes I'll see them on the DFW board.

Tiger_greeneyes

It has been said!!

I understand exactly how you feel, I'm sick of reading unsubstantiated claims of hacks being proclaimed the Word of God. I'm a realist, I'll take the highs and lows as they come and go, I lived though the 80's and I'm still here. I'm sick of conjecture and wishful thinkers panic mongering on the strength of well-worn tabloid anecdotes.

I need to see hard evidence before I'll believe anyone

Woby_Tide

BTman wrote: »

There are many on this board who I would truly love to see loose their shirt's, and when that time comes I'll see them on the DFW board.

You've already lost your shirt?

ollyshaw

Here is some none daily mail evidence of falling prices in 2 regions.

http://www.home.co.uk//asking_price_index/HAPIndex_APR07.pdf

North £166,803 -0.5%
East Midlands £189,644 -0.9%

Olly

ollyshaw

Ohh and there is an article on the BBC now too!

http://news.bbc.co.uk/1/hi/business/6549299.stm

Guardian, bbc, perhaps it is a left wing conspiracy ;-)

Ems*Honie

BTman wrote: »

You're a feisty one aren't you..

I just get sick of people (not me btw) getting ridiculed for saying that prices may drop, being called doom-mongers, members of a HPC cult etc.

There are many on this board who I would truly love to see loose their shirt's, and when that time comes I'll see them on the DFW board.

As far as I've seen, the only people that get called doom mongers etc, are people like you who would take joy in other peoples misfortune, and would brag about it. It's a really horrible way to live your life in my humble opinion, waiting for others to hit hard times in order to enjoy life yourself.

BTman

Ems*Honie wrote: »

It's a really horrible way to live your life in my humble opinion, waiting for others to hit hard times in order to enjoy life yourself.

I fully agree with that..

It is a real shame that the only way that a lot of people in my situation will ever be able to afford a home is if prices tumble and the people you refer to hit hard times, I would rather most didn't, but you got to look out for number one...
It really is not my problem if people have stretched themselves to the limit when interest rates are historically low (but now heading upwards).
I could probably buy now, The bank will probably lend me enough for a 1 bedroom hovel in chavsville, but I am sensible and predict higher interest rates due to inflation creeping up. There is no reason why rates shouldn't return to the average of around 7% and maybe even hit 10% to 12% in the next few years.
Even with a fixed rate mortgage people will get stung with their fix runs out and they notice that their IO mortgage payments have doubled over night, just as those who bought at 3.5% a couple of years back are finding out.

OK, maybe I was a bit harsh in my comments, but having your nose rubbed in it by multiple home owners and BTL numptys when you can't afford a home for your family makes one slightly bitter...

Tiger_greeneyes

Do you honestly think that anyone on here is rubbing your nose in the fact you've been priced out of the property market?

I'm from the south east too - I bought a little flat in the slump in 1993. When I needed more space I had to move away to buy a bigger property - I've since moved a few more times and I've now had to settle a 250 mile round trip from my only family to be able to afford to buy somewhere to live. During my moves, I'll admit I've done really well and don't personally have a mortgage - although my partner (also from Kent) has a smallish mortgage so we could afford the house we're in.

I had a problem and I found a solution to it, even though it's not entirely perfect I've had to compromise and make sacrifices. I've not taken it out on anyone else...

I do admire your honesty though, your comments were harsh, so thanks for being so honest