'We've reached a tipping point' Signs of house price weakness

AndyGuil

In_For_A_Penny wrote: »

Latest attempt to shore up house prices & vote winning manoeuvre?

Would be a widely popular move I would imagine.

It would be extremely popular. I'm not sure about it adding to house prices that much as it is the salary has a 1:4.5 effect and cash only 1:1 effect on prices. Obviously it will enable more people to buy which could add pressure but it will also incentivise more building in the long term. When you have saved hard for a deposit it is awful to have to hand over a huge chunk of it as tax.

In_For_A_Penny_2

AndyGuil wrote: »

It would be extremely popular. I'm not sure about it adding to house prices that much as it is the salary has a 1:4.5 effect and cash only 1:1 effect on prices. Obviously it will enable more people to buy which could add pressure but it will also incentivise more building in the long term. When you have saved hard for a deposit it is awful to have to hand over a huge chunk of it as tax.

I just mean the overall average house price - in certain areas there are a considerable number "stuck" at the stamp duty threshold. Removing this would inevitably lead to these properties creeping up in value (assuming nothing else changes).

Can't see anything happening this side of the budget though. . .

AndyGuil

In_For_A_Penny wrote: »

I just mean the overall average house price - in certain areas there are a considerable number "stuck" at the stamp duty threshold. Removing this would inevitably lead to these properties creeping up in value (assuming nothing else changes).

Can't see anything happening this side of the budget though. . .

I have also observed crowding at stamp duty levels. I have also seen it take just one property to sell over and they all start going over.

I think it will be an election manifesto as also mentioned in the news.

Crashy_Time

In_For_A_Penny wrote: »

I think you must have posted the wrong link.

The link was from the Prime London Crashing thread.

Crashy_Time

The-Joker wrote: »

Please take this link down, do not let facts get in the way of what everyone wants.

This times its different, from now on there will not be another correction ever again........ House prices will only ever go from now on. Even after interest rates go back up to normal.

Yep, "This time it`s different" is certainly the mantra of many who post on here, but IMO this time it will crash hard without rates going up.

Bubble_and_Squeak

Crashy_Time wrote: »

Yep, "This time it`s different" is certainly the mantra of many who post on here, but IMO this time it will crash hard without rates going up.

na
will correct hard
then get back to "normal"
i'm thinking 2012 levels
too many bomads waiting in the wings
having said that, if a downward spiral gets going it will reduce the amount of equity they can get from mummy and daddys house

Crashy_Time

Bubble_and_Squeak wrote: »

na
will correct hard
then get back to "normal"
i'm thinking 2012 levels
too many bomads waiting in the wings
having said that, if a downward spiral gets going it will reduce the amount of equity they can get from mummy and daddys house

Volumes are about half what they were in `07? Bomads are getting squeezed hard, and they are a dwindling number with money or "equity" to throw about. IMO. We are in deflation now, people don`t have any money left.

Bubble_and_Squeak

Crashy_Time wrote: »

Volumes are about half what they were in `07? Bomads are getting squeezed hard, and they are a dwindling number with money or "equity" to throw about. IMO. We are in deflation now, people don`t have any money left.

as canadian country legend michael macdougal would say "that much is true"
theres only so many people that can pay £470,000 for a house in a not very good part of walthamstow

Crashy_Time

Bubble_and_Squeak wrote: »

as canadian country legend michael macdougal would say "that much is true"
theres only so many people that can pay £470,000 for a house in a not very good part of walthamstow

Yes, very "Special" people though?

Bubble_and_Squeak

Crashy_Time wrote: »

Yes, very "Special" people though?

even for prices to sustain their nominal value will take an enormous amount of money to keep flowing in
i can't see where this can possibly come from