house price crash!!!

ManAtHome

It's your own cash-flow you need to consider, not whether prices will rise or fall. If your job is dependent on ever-increasing consumer debt, this may not be the time to splash out.

gtone28

about 4 years ago I was going to buy a house but would have had to get my loan on overtime at work. I decided not to, then all overtime stopped in work and the bank of england started putting the interest rates up (very lucky).

My point is I know people who actually did this and now they are in trouble with loan repayments creeping up. The banks will be knocking soon to repo their houses.

I think it will be similar to the 80-90.

ManAtHome

Sorry, should have also said if your job doesn't depend on ever-increasing government debt as well...

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gtone28 wrote: »

about 4 years ago I was going to buy a house but would have had to get my loan on overtime at work. I decided not to, then all overtime stopped in work and the bank of england started putting the interest rates up (very lucky).

My point is I know people who actually did this and now they are in trouble with loan repayments creeping up. The banks will be knocking soon to repo their houses.

I think it will be similar to the 80-90.

The recent rise in bonds in the US and Europe is a signal that the markets expect interest rates to continue rising and that the era of cheap credit is coming to an end.

danm

don't see a crash

levelling off of appreciation to a healthy 2-4%

demand is still masively outstripping supply and will continuing to be so due to BTL'ers, morality rates and immigration.

can see the top end of the market falling as limited potential market

wifeforlife

thewinkshow wrote: »

do you think the house market is about to crash?my local paper says its alreadly happening,do anyone else think this?

im looking to buy at the minute,but id rather wait and see what happens.

how long will a crash typically last for and what ar the signs that they are going to go back up after a crash?

Nobody knows, have a guess and you'll be the same as everyone else here

if they do crash how much do we expect the, to fall overall? 10% 50% ????

Again it's anybody's game

any opinions appreciated.

The truth is none of us will no we're heading for a crash until it happens, although you'll get lots of differing opinions here and feel even more confused than before you posted.

My 2pennies worth is this, do you want a house to make money on/from?
Or do you want a home?

If it's the first wait and see a few months, if it's the latter start looking!

Goodluck my friend
Cate

advent1122

Trawl through these forums from the beginning.
You will have seen this question asked 3 years ago - and it is continuing.

Heres just one example to have a chuckle at.
http://forums.moneysavingexpert.com/showthread.html?t=10875

Jonbvn

danm wrote: »

morality rates and immigration.

Was this a Freudian slip?

nelly_2

in history house prices have never been higher compared to wages!

the people that benefit from this situation - ie estate agents will promise you this situation will carry on, because they rely on it.

the truth is only an idiot says it can carry on

house price inflation at 10%...wage inflation at 3.1 %

???????????????????????????

not rocket scienc it!

Generali

real1314 wrote: »

ok, the crash may or may not happen.

if it does, it could be anything from 0.0001% to 100% given time.

if it doesn't, prices could rise anything up to 100000000% given time.

As the potential to rise is clearly greater than the potential to fall, property is ALWAYS a good investment.

Not true. E.g. you put down a £20k deposit on a £200k house, borrowing the rest. If the house subsequently falls in value to £160k you've lost 200% of your initial investment.

Etc.