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

Crashy_Time

http://moneyweek.com/uk-property-house-price-bubble-finally-bursting/

Bubble_and_Squeak

Crashy_Time wrote: »

http://moneyweek.com/uk-property-house-price-bubble-finally-bursting/

"Hometrack reckons the number of new buyers in London fell by 3.4% last month..."

and supply is increasing

when i first started trolling this site about 3 months ago the hamish was saying it was a good time to buy and the bulls pressing the "thanks" button on his comments while deriding my assertion that the market had topped.

Crashy_Time

Bubble_and_Squeak wrote: »

"Hometrack reckons the number of new buyers in London fell by 3.4% last month..."

and supply is increasing

when i first started trolling this site about 3 months ago the hamish was saying it was a good time to buy and the bulls pressing the "thanks" button on his comments while deriding my assertion that the market had topped.

Yes, it is a sick little HPI circle jerk on here. The best thing for the UK economy now would be a steep correction in property prices, the banks won`t collapse this time around, I hope!

Crashy_Time

http://www.housepricecrash.co.uk/forum/index.php?/topic/195761-is-prime-london-crashing/page-170




Remember, not everyone will get out of a Ponzi with their "equity" intact, in this instance panicking (and dropping price early) might be the way to go?

Jack_Johnson_the_acorn

Crashy_Time wrote: »

http://www.housepricecrash.co.uk/forum/index.php?/topic/195761-is-prime-london-crashing/page-170




Remember, not everyone will get out of a Ponzi with their "equity" intact, in this instance panicking (and dropping price early) might be the way to go?

I think you'll never buy..... You're probably frustrated that you can't afford to buy, hence trolling the fortunate home owners on this forum.

MobileSaver

Crashy_Time wrote: »

panicking (and dropping price early) might be the way to go?

According to you, six years of steadily increasing volumes and prices does not indicate a healthy market but a reported 0.1% drop in one month indicates a crash is on the way...

You couldn't make it up.

Jack Johnson called it right, you'll never own your own place and you'll be complaining forever that prices are too high while paying off your landlord's mortgage for them. If that's the lifestyle you want then good luck with that but you could be doing so much better for yourself.

padington

Funnily enough, I've never had such a steep Zoopla increase as today, they whacked up my place by 3.4% for some random reason.

chucknorris

Bubble_and_Squeak wrote: »

a sign that people (but not the bulls on this site) have realised that london property is massively overvalued perhaps

Value is extremely subjective, it might just be that London property prices will never again look like value to you (and possibly me also, but then we already have 8), but the point is that it may look like enough value for others to buy, therefore locking you out for the future, what then?

In_For_A_Penny_2

Crashy_Time wrote: »

http://moneyweek.com/uk-property-house-price-bubble-finally-bursting/

That's some pretty tentative stuff right there. . .

0.1% fall (in one monthly snapshot of one region in the UK) and an admission that still over 96% of houses are meeting the asking price. . . and yet the headline reads "Timberrrrr"

You're not really convincing anyone with this drivel.

padington

I was in Muswell hill yesterday to visit my uncle, he said that everyone they knew had moved out of the street and loads of young people had moved in. My aunt said they all pretty much work for the financial sector these days. Every house was done up to the nines with lots of porches around.

So it's not the average wage for teachers, actors and middle managers you need to consider when competing in the housing market for a place in Muswell hill any more, it's the average wage of the high flying global financial sector workers.

Says it all really. Global cities command global prices.