FSA warn Banks Housing could "dip" 20%

mystic_trev

Please note I haven't used the C word!

What makes this article interesting is that it's the FSA doing the warning!

http://www.moneymarketing.co.uk/cgi-bin/item.cgi?id=140595&d=11

I notice the article was written by a Mr Anker.......no smutty comments please!

losgiganteskid

I believe Walter is an expert on the subject matter !!:o

mrstinchcombe

Sorry but Im getting bored of these threads despite not being a non-homeowner and wanting house prices to C***h.

Some "experts" say they will, some say they wont... do we really need a link to every article about it?

mystic_trev

mrstinchcombe wrote: »

Sorry but Im getting bored of these threads despite not being a non-homeowner and wanting house prices to C***h.

Some "experts" say they will, some say they wont... do we really need a link to every article about it?

Like most articles, some like reading them some don't. You saw what thread was, why didn't you just ignore it?

mrstinchcombe

mystic_trev wrote: »

Like most articles, some like reading them some don't. You saw what thread was, why didn't you just ignore it?

The only reason I dont like them is that they get my hopes up

I take your point tho, my bad!

mchu6am4

U might see a 'dip' (a few percent and not 20%!) in prices but 'crash' is a thing of the past.

alared

When the stock market dot com was booming,Alan Greenspan,the Fed chairman warned it was getting out of hand.
Of course,he was an old fool and stock markets don`t crash anymore.
It took a couple of years after his warning but in 2000---they crashed.

House prices in this country crashed in 1989/1990.
It can happen again and probably will.
With higher interest rates on the way,inflation on the up and the lastest silly interference from the gov.,mainly the Home Sellers Pack the recipe is there for it to happen.

mchu6am4

alared wrote: »

When the stock market dot com was booming,Alan Greenspan,the Fed chairman warned it was getting out of hand.
Of course,he was an old fool and stock markets don`t crash anymore.
It took a couple of years after his warning but in 2000---they crashed.

House prices in this country crashed in 1989/1990.
It can happen again and probably will.
With higher interest rates on the way,inflation on the up and the lastest silly interference from the gov.,mainly the Home Sellers Pack the recipe is there for it to happen.

dot.com boom & bust - that brings some painful memories as I graduated in 2000 and then saw my company go through a dramatic collapse (biggest in british corporate history!) - Marconi if you need a reminder.

Generali

mchu6am4 wrote: »

U might see a 'dip' (a few percent and not 20%!) in prices but 'crash' is a thing of the past.

Why do you think that? Not a rhetorical question, I am interested to know.

mchu6am4

Generali wrote: »

Why do you think that? Not a rhetorical question, I am interested to know.

There's nothing scientific about it - its just a gut feeling.

Generali

mchu6am4 wrote: »

There's nothing scientific about it - its just a gut feeling.

Ok.

2 further qs:

1. Do you mean that HPs won't fall in real terms (i.e. they'll rise by at least the rate of inflation each month or year) or do you mean in nominal terms (the price of the house may stay the same but be effectively erroded by inflation)?

2. Do you think that all properties in all regions won't fall in value (excepting if someone builds a motorway out the front or something obvious like that) or that HPs could fall in some areas/property types but that overall prices will hold up?