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how many REALLY think there'll be a crash rather than a stabilisation ?
Comments
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I was making that comment at Keeperbear, and Melissa not you.
I actually agree with the vast majority of your comments.
:beer: I wasn't sure who it was aimed at so decided to chime in anyway as there
were a few posts in a row saying things I'd assumed
What a lot of the bullish posters don't seem to understand is a lot of the people who are bearish on house prices, are bearish on the situation NOW, and think it's madness to buy at these inflated prices, not that it's insane to buy at all.
Yes this is what I don't get. I haven't been injected with irreversible rental genes or anything and will change stance with the market!0 -
Yes this is what I don't get. I haven't been injected with irreversible rental genes or anything and will change stance with the market!
I don't know why but there seems to be some sort of misconception that whatever the state of the world around us is at any given moment, it will remain exactly like that forever.
House prices rising at 30%? Buy now because you won't afford one in a year.
Unemployment rising? Nobody in the UK will have a job in 12 years time.
Hot summer? No more water ever.
Summer floods? Everyone move to the Highlands/Surrey Hills.
If you remember newspapers from the early 90s, they came up with all sorts of reasons why HPI would never take off again.
<hollow laugh>ha</hollow laugh>0 -
I remember lots of stories and TV documentaries with people who'd been repo'd saying they'd never be suckered in again.If you remember newspapers from the early 90s, they came up with all sorts of reasons why HPI would never take off again.
Oh, and Norman Lamont seeing "the green shoots of recovery" evey other week (pity he didn't see a "miracle economy" eh?).0 -
Everyone move to the Highlands/Surrey Hills.
Actually run for the hills is my plan B. Probably. Either that or run from the hills ...
BLACKADDER: Run for your lives! Run for the hills!
BALDRICK: Er, My Lord, they're coming from the hills.
BLACKADDER: Oh, sorry. Run away from the hills! Run away from the hills! If you see the hills, run the other way!0 -
I think house price will continue to rise because of particular trends (esp in London):
- immigration
- a lenient tax regime for foreigners
- people wanting to live on their own more and more
- increase in populationErrors of opinion may be tolerated where reason is left free to combat it. - Jefferson0 -
Story from this morning's BBC (I don't believe in predictions by professional bodies, but it's an interesting read)
http://news.bbc.co.uk/1/hi/business/6932304.stmErrors of opinion may be tolerated where reason is left free to combat it. - Jefferson0 -
Two things to remember:
1. After a boom there is ALWAYS a bust (that's the way banks like it)
2. House prices ALWAYS fall back into line with wages (average house approx four times average wage)
Or is it different this time?dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
It's always different this time...
...until it's not"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
dolce_vita wrote: »Two things to remember:
1. After a boom there is ALWAYS a bust (that's the way banks like it)
2. House prices ALWAYS fall back into line with wages (average house approx four times average wage)
Or is it different this time?
So you truly honestly believe that the avg house price will drop to £75,200 (thats 4 x the avg salary quoted in this article of 18,800 approx). Thats from £208,000 or whatever it claimed it is now. I make that a 65% drop? (well its 35% of the current price anyways)....
Would that not be depression , blow your brains out, kinda time for about 50% of the population of the UK?0
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