A very very very bad day for the housing market

lypsey

It says "British manufacturers are looking to put up prices at their fastest pace in 12 years as order books improved for the for the 4 month running " ... oh dear ... not good for inflation, I can predict another lovely letter for the BoE being written

http://uk.biz.yahoo.com/24052007/325/factory-orders-price-expectations-soar.html


And this one says "Homeowners have been warned to brace themselves for two more hikes in interest rates before the summer is over" Two more rises . My interest rate predictions are looking closer and closer . The housing market is starting to wobble already and with another 2 rises there will be a LOT of pain to come
http://www.thisismoney.co.uk/news/article.html?in_article_id=420660&in_page_id=

lynzpower

yi think we all know there are going to be at least 2 more rises probably before October.

yes, its going to be tough, but these are the choices weve all made when getting as mortgage

those of us who agree adn are concerned by the topping of the market are already reading HPC where you are lifting this info from .

Do you post ANYTHING original ( ie your own thoughts) or do you just lift from other siteS?

Woby_Tide

so lypsey isn't a spambot? How disappointing

CB1979_2

congrats you predicted a HPC months ago, there's others that beat that!

but anyway can you please tell me where this HPC is that you predicted months ago?

I'm still waiting to see where these places are that are NOW 25%-50% less, after all we're now experiencing what you predicted, right?

phlash

CB1979 wrote: »

congrats you predicted a HPC months ago, there's others that beat that!

but anyway can you please tell me where this HPC is that you predicted months ago?

I'm still waiting to see where these places are that are NOW 25%-50% less, after all we're now experiencing what you predicted, right?

The same question goes to you CB, that I just posed to mr.Broderick in another thread. Stop trying to discredit an argument or theory because it hasn't come 'true' yet.

A much more constructive thing to do, if you feel like it won't happen, is to put your point across in a meaningful way. One that everyone can appreciate.

"Where is this crash then?" or "I'm still waiting to see where these places are that are NOW 25%-50% less" hold no sensible value in this discussion.

If you don't have anything to offer that is constructive to the discussion about the future direction of the housing market, and yes it is possible to gain insight into the future behaviour of a market, then really there's no point posting. Because as they say, "I've heard all that drivel before".

ds1980

if you guess something for long enough that is in a supply and emand market then one day or one year (in your case) youll eventually get it right.

Have you ever thought about reading tarot cards for a living people would be falling over for your wisdom.

The simple fact will still remain.....................Your a !!!! now and then whatever happens at the end of it all......................you'll still be a !!!!.

PS im putting you forward for the bestest post of the month.....good luck.

phlash

Al_Mac wrote: »

phlash. we've heard your drivel before as well. What crash?

Thankyou for reinforcing my post.

PJD

This forum used to be such a friendly place

*sits back & opens popcorn*

hearts

"The same question goes to you CB, that I just posed to mr.Broderick in another thread. Stop trying to discredit an argument or theory because it hasn't come 'true' yet."

No offence m8 but surely if it hasn't happened......? Is this not proof to discredit it?
Now I'm not saying it will never happen. But its like saying "The end of the World is nigh" I'm damn sure if we wait long enough one day he (or his grandson ;-) ) will be right.
Since the doom mongers have been spreading this "word" prices have probably risen by 30% now asuming we see a fall of 20% (which we won't) then the buyer then is still ok.

mr.broderick

I think house prices are going to continue to rise.
In my area houses are being sold at asking price and above.
A couple of interest rate hikes aren't going to stop people buying houses.
Im in the north west of england where the market is buoyant.
Phlash please dont mention my name in a post directed at somebody else.

Cheers ears.

Generali

It is impossible to pick the top of a bubble or what causes them to burst. Even in hindsight, it is impossible to see what caused the turn in sentiment that popped the bubble in almost all cases (1929 Wall Street Crash excepted - it was a rise in interest rates).

Saying that this isn't a bubble because it hasn't burst yet is the same logic as saying that you are immortal because you haven't died yet!

Fundamentally, the yield on any asset can't tend to zero for an infinite period of time. Eventually, people can't afford the interest payments on the loan used to buy the house. If you have any understanding of compound interest (future price = current price x (1+interest rate)^no of years) you would see that.