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

Crashy_Time

Bubble_and_Squeak wrote: »

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

Why don`t you post a question on MSE, I hear they have some posters who are VERY knowledgeable on the property market, and finance in general......Oh wait a minute...:rotfl:

Bubble_and_Squeak

Crashy_Time wrote: »

Why don`t you post a question on MSE, I hear they have some posters who are VERY knowledgeable on the property market, and finance in general......Oh wait a minute...:rotfl:

when i posed this question hamish hit me with a broadside of complex calculations about how banks will increase lending.
maybe he can explain it again.

Crashy_Time

Bubble_and_Squeak wrote: »

when i posed this question hamish hit me with a broadside of complex calculations about how banks will increase lending.
maybe he can explain it again.

When Hamish took out all his loans, just before the property market imploded, the Goon selling the "product" asked him to show his ability to re-pay by walking round the room a couple of times and doing one press up, Hamish thought that this was the "New Normal" and has been trying to justify it ever since.

Bubble_and_Squeak

Crashy_Time wrote: »

When Hamish took out all his loans, just before the property market imploded, the Goon selling the "product" asked him to show his ability to re-pay by walking round the room a couple of times and doing one press up, Hamish thought that this was the "New Normal" and has been trying to justify it ever since.

if there is a crash do you think prices would go below 2007 levels?

Crashy_Time

Bubble_and_Squeak wrote: »

if there is a crash do you think prices would go below 2007 levels?

Prices in many parts of the UK are at 2004 levels. In a proper correction we are going back to 1995 in some places.

Bubble_and_Squeak

Crashy_Time wrote: »

Prices in many parts of the UK are at 2004 levels. In a proper correction we are going back to 1995 in some places.

can't see that happening
houses would be dime a dozen
i'd be tempted to cross over to the dark side and become a slum landlord

Crashy_Time

Bubble_and_Squeak wrote: »

can't see that happening
houses would be dime a dozen
i'd be tempted to cross over to the dark side and become a slum landlord

Houses and flats (ordinary ones) already are dime a dozen, it just hasn`t been price discovery time (yet) That will come from Interest rate rises, demographic changes or just seller fatigue, where people get fed up paying the council tax on empty BTL, or doing the maintenance on a house they have been trying to sell for ten years. There is already empty BTL all around me, and this is central Edinburgh. (Where the laws of normal markets do not apply! according to one deluded EA a few years ago)

Crashy_Time

Thought I`d bump this thread as no doubt it will see some action soon.

In_For_A_Penny_2

Crashy_Time wrote: »

Thought I`d bump this thread as no doubt it will see some action soon.

Sorry crashy but I think you're living in a bubble (and not of the housing kind).

Posted from another thread (because this thread seems duplicated all over the place).

wotsthat wrote: »

Selling prices as well as asking prices are on the up.

http://www.ons.gov.uk/ons/rel/hpi/house-price-index/july-2014/stb-july-2014.html

• UK house prices increased by 11.7% in the year to July 2014, up from 10.2% in the year to June 2014.
• House price annual inflation was 12.0% in England, 7.4% in Wales, 7.6% in Scotland and 4.5% in Northern Ireland.
• House prices are increasing strongly across the UK, with prices in London again showing the highest growth.
• Annual house price increases in England were driven by an annual increase in London of 19.1% and to a lesser extent increases in the South East (12.2%) and the East (10.6%).
• Excluding London and the South East, UK house prices increased by 7.9% in the 12 months to July 2014.
• On a seasonally adjusted basis, average house prices increased by 1.6% between June and July 2014.
• In July 2014, prices paid by first-time buyers were 13.5% higher on average than in July 2013. For owner-occupiers (existing owners), prices increased by 10.9% for the same period.

EDIT - Of course if Scotland votes yes, all that could change but in the absence of that or some other seismic economic shift I can't see anything dramatic happening with the housing market.

Crashy_Time

In_For_A_Penny wrote: »

Sorry crashy but I think you're living in a bubble (and not of the housing kind).

Posted from another thread (because this thread seems duplicated all over the place).



EDIT - Of course if Scotland votes yes, all that could change but in the absence of that or some other seismic economic shift I can't see anything dramatic happening with the housing market.[/QUOTE]


Ok, let`s just hold that thought and see shall we?