30% fall in house prices

surfcat

kingkano wrote: »

I read a bit on there last month I think. Its a tad too negative for me, and any kind of disagreement with that negative stance is heavily censored and people are booted off. One sided points of view dont tend to fly too well for me.....

Rubbish, there are plenty of Bulls on housepricecrash.co.uk

And, incidentally, why are falls in houseprices negative?

Surely lower HPs are better for:
a) FTBs, who no longer have to slave away for a massive mortgage,
b) movers, who find that the gap between the rungs on the ladder are not as large,
c) the economy, as both a+b have more money to spend.

Forgive me if I get out the smallest violin in the world to play a tune for those who will lose out:
the greedy who have spent all the equity they have "earned" in their rising house prices
estate agents / other VIs

nollag2006

Yup - I'd have to say that a site called housepricecrash.co.uk (going on now for almost 7 years) is obviously a source of balanced, reasoned debate !!!

Guy_Montag

I would recommend www.globalhousepricecrash.com for a more balanced debate. They/we picked up a lot of disgruntled, long-time bulls when they were banned from HPC. But please, don't troll for the sake of it, if you're bullish & have something interesting (or at least witty) to say you'll get some interesting debate if you pitch up & start a load of threads to the effect of "House prices will go up for ever" (that includes you Bruno) you'll get ignored & be wasting your time.

surfcat

nollag2006 wrote: »

Yup - I'd have to say that a site called housepricecrash.co.uk (going on now for almost 7 years) is obviously a source of balanced, reasoned debate !!!

Don't see the problem there- boom and bust cycles are longer than 7 years. Or do you believe in Gordon Brown's "miracle" economy where boom and bust has been vanquished, removing the effects of cyclical economics from the UK?

:rolleyes:

kingkano

I have been browsing that site for THIS month and find it a bit more balanced and intelligent

adr0ck

http://www.youtube.com/watch?v=tkzb5cmmma8

stphnstevey

Why do we bother to try and predict the future - none of us are clarevoyants! I could predict a 30% rise in house prices and it could just as likely happen. I could predict a 100000% rise/fall in house prices. I could predict the sky is going to fall on our heads and it has the same chance of happening

Besides, a house prices don't crash forever and at some point they pick back up. If your not in it for the long haul and are just looking for the fast buck, you have to live with the short term risks. No point crying about it, you should have known what you got yourself into to start with.

Why do I continue to read these same old threads from the same old people crying that the worlds going to end, the stock market is going to crash and that house prices will fall thourgh the floor.............................

RHemmings

stphnstevey wrote: »

Why do we bother to try and predict the future - none of us are clarevoyants! I could predict a 30% rise in house prices and it could just as likely happen. I could predict a 100000% rise/fall in house prices. I could predict the sky is going to fall on our heads and it has the same chance of happening

But some predictions are more likely than others, and are more likely to convince people or at least change their opinions if they are based on sound logic and good data. Clearly there's more chance of a 10% drop in prices over the next three years than a 1000000% rise.

And it's often the supporting arguments that are most useful and interesting.

Besides, a house prices don't crash forever and at some point they pick back up. If your not in it for the long haul and are just looking for the fast buck, you have to live with the short term risks. No point crying about it, you should have known what you got yourself into to start with.

But people only live for a limited amount of time. Buying at the peak of a bubble compared to some years on either side can severely affect your wealth and hence (all else being equal) your standard of living throughout your lifetime.

Why do I continue to read these same old threads from the same old people crying that the worlds going to end, the stock market is going to crash and that house prices will fall thourgh the floor.............................

Possibly because there is a lot of evidence that these things will happen. Just that predicting when is the problem. Otherwise you get the situation which can be analogised to someone falling off the roof of a skyscraper, and 30 floors further down thinking "those predictions that I'm going to die have all been wrong so far..."

Romani_Ite_Domum

stphnstevey wrote: »

Why do we bother to try and predict the future - none of us are clarevoyants! I could predict a 30% rise in house prices and it could just as likely happen. I could predict a 100000% rise/fall in house prices. I could predict the sky is going to fall on our heads and it has the same chance of happening

Besides, a house prices don't crash forever and at some point they pick back up. If your not in it for the long haul and are just looking for the fast buck, you have to live with the short term risks. No point crying about it, you should have known what you got yourself into to start with.

Why do I continue to read these same old threads from the same old people crying that the worlds going to end, the stock market is going to crash and that house prices will fall thourgh the floor.............................

Too true. why would anyone want to come on a forum entitiled "House Buying, Renting, Selling & Property Prices" and talk about future house prices? Seems pretty daft to me. :rotfl:

Sisyphus

Romani_Ite_Domum wrote: »

Too true. why would anyone want to come on a forum entitiled "House Buying, Renting, Selling & Property Prices" and talk about future house prices? Seems pretty daft to me. :rotfl:

quite, I think it's necessary to come on everyone of these threads and say "they've been predicting it for years " and "no-one has a crystal ball" and "you're ok if you're in it for the long term" "stop being soooo negative"