The property market is ready for take-off

Harry_Boyle

Thrugelmir wrote: »

You are one person. One person does not influence or make the market.

The future is very uncertain. History suggests that this time is no different. In fact worse the 1930's. Despite many thinking they had finally cracked the system.

How long can this line of thinking continue until people accept that it's not going to happen? The person you responded to has been waiting 6 years before he gave up, others have been waiting much longer. Some people were predicting a crash as far back as 2003 - 10 years ago!

We've had a virtual collapse of the banking system, entire nations almost go to the wall, a recession lasting 6 years, large banks and investment companies collapse, retail giants fail, high streets becoming wastelands, redundancies galore, inflation year on year, static incomes for 6 years (for those lucky to have jobs), the list goes on.

If all of that isn't going to crash houses, then what will?

james_toney

Harry_Boyle wrote: »

How long can this line of thinking continue until people accept that it's not going to happen? The person you responded to has been waiting 6 years before he gave up, others have been waiting much longer. Some people were predicting a crash as far back as 2003 - 10 years ago!

We've had a virtual collapse of the banking system, entire nations almost go to the wall, a recession lasting 6 years, large banks and investment companies collapse, retail giants fail, high streets becoming wastelands, redundancies galore, inflation year on year, static incomes for 6 years (for those lucky to have jobs), the list goes on.

If all of that isn't going to crash houses, then what will?

exactly right :T
I bought over a year ago and got it for about 30% from the peak, i decided i would not get a better deal, and i said i would have agreed with Thrugelmir over a year ago, we have had the 30 odd % crah in houses in my area so i am happy, not as much as i thought or wanted, but i was not waiting anymore

james_toney

Thrugelmir wrote: »

You are one person. One person does not influence or make the market.

The future is very uncertain. History suggests that this time is no different. In fact worse the 1930's. Despite many thinking they had finally cracked the system.

agreed but i am sick of hearing history suggests this and that, it is not happening in the way you or I wanted or thought it was going to happen, (50% falls)

I just getting on with it. and not wasting anymore time

homelessskilledworker

House prices will "take off" when growth/returns, as simple as that..

Todays prices which are desperatly trying to hold onto pre 2007 levels(down from £190k to £160K) on the back of a golden economic boom that never was.

It cracks me up when people suggest that all we need to do is get the banks to do this that or the other, the only thing that encourages a boom in any assset is what people get in their wage packet.

The only thing keeping the property market clinging on now is investors cash, usually from those making zero returns on savings, this is not going to go on for ever.

Conrad

Thrugelmir wrote: »

The future is very uncertain. History suggests that this time is no different. In fact worse the 1930's.

Investing in B2L now means fixing into long term very low rates, with rents and values rising.
Any investor not recognising this truly isn't an investor.

blogger57

I'd love to be wrong but I think we will see a house price stall for a few more years. I can't see a big boost to houseprices as for most people disposable income is goign down rather than up.

marathonic

blogger57 wrote: »

I'd love to be wrong but I think we will see a house price stall for a few more years. I can't see a big boost to houseprices as for most people disposable income is goign down rather than up.

Having just bought a house, and one that is bigger than I need, I'm hoping for stalls for a couple of years.

Stalls would give me a chance to save up enough for a deposit for a BTL. In saying that, rises or small falls (anything up to the rate that my mortgage capital is paid off) wouldn't bother me anyway.

Even large falls wouldn't be so bad as I bought with a 25% deposit and the BTL would then be cheaper.

nollag2006

Come on Devon, do you agree with the pundits that house prices will rise dramatically dover the next 12 months?

Thrugelmir

Harry_Boyle wrote: »

How long can this line of thinking continue until people accept that it's not going to happen? The person you responded to has been waiting 6 years before he gave up, others have been waiting much longer. Some people were predicting a crash as far back as 2003 - 10 years ago!

We've had a virtual collapse of the banking system, entire nations almost go to the wall, a recession lasting 6 years, large banks and investment companies collapse, retail giants fail, high streets becoming wastelands, redundancies galore, inflation year on year, static incomes for 6 years (for those lucky to have jobs), the list goes on.

If all of that isn't going to crash houses, then what will?

Those immortal words "this time is different".

No evidence to suggest that there is.

6 years? What's the relevance of this. The Great Depression lasted 15 years in some parts of the world.

Thrugelmir

james_toney wrote: »

agreed but i am sick of hearing history suggests this and that, it is not happening in the way you or I wanted or thought it was going to happen, (50% falls)

Why bother debating then?