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

MobileSaver

Crashy_Time wrote: »

yes I will be cheering the demise of this nonsense all the way to the bottom

You do realise that your friends on the HPC site have been saying this since 2003. It's almost 11 years to the day that HPC was set up. You may want to ask them how that's going?

gallygirl

chucknorris wrote: »

Oh yes he has, wow the pantomime season has started early this Xmas?

:eek: He's behind you :eek:

chucknorris

MobileSaver wrote: »

You do realise that your friends on the HPC site have been saying this since 2003. It's almost 11 years to the day that HPC was set up. You may want to ask them how that's going?

Gambling system going great, please send more money.

caronoel

MobileSaver wrote: »

You do realise that your friends on the HPC site have been saying this since 2003. It's almost 11 years to the day that HPC was set up. You may want to ask them how that's going?

Ahhh! HPC - how I love their refreshing insight into the market. It seemingly can only fall!

My favourite video has to be this one from Aug 2004:
https://www.housepricecrash.co.uk/media/LondonTonight-2005-12-12.wmv

If either of these "experts" had stayed invested in property, rather than gambling (and losing) on a predicted fall, they would have done very well indeed.

According to Nationwide, a London house costing £250k in Q2 2004 would be worth in excess of £420k today!!!

Think also of the increased rents and reduced mortgage rates during that time.

Ouch!

:rotfl::rotfl:

Mummy100

Prices need to fall but the govt will do anything to prop them up Any hair brained scheme they are on it as without a country drinking milky coffee on the high streets and selling each other overpriced houses we are stuffed! having said that prices and sales have ground to a halt here in the SE and my phone has been ringing off the hook with reductions but I am waiting for December for a bargain

Crashy_Time

jack_johnson_the_acorn wrote: »

you've already lost.

y..a..w...n..........

Crashy_Time

Mummy100 wrote: »

Prices need to fall but the govt will do anything to prop them up Any hair brained scheme they are on it as without a country drinking milky coffee on the high streets and selling each other overpriced houses we are stuffed! having said that prices and sales have ground to a halt here in the SE and my phone has been ringing off the hook with reductions but I am waiting for December for a bargain

They could always slash interest rates?

In_For_A_Penny_2

Mummy100 wrote: »

Prices need to fall but the govt will do anything to prop them up Any hair brained scheme they are on it as without a country drinking milky coffee on the high streets and selling each other overpriced houses we are stuffed! having said that prices and sales have ground to a halt here in the SE and my phone has been ringing off the hook with reductions but I am waiting for December for a bargain

Not sure what you would consider a "bargain" but compared to elsewhere in the country prices in the SE would need to fall about 50% and that ain't happening.

Mummy100

In_For_A_Penny wrote: »

Not sure what you would consider a "bargain" but compared to elsewhere in the country prices in the SE would need to fall about 50% and that ain't happening.

A bargain to me is about 15% off current prices and more than that a home not an investment

Crashy_Time

In_For_A_Penny wrote: »

Not sure what you would consider a "bargain" but compared to elsewhere in the country prices in the SE would need to fall about 50% and that ain't happening.

..yet. :money: