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

Bubble_and_Squeak

i was in WALTHAMSTOW today
the horrible new builds on hoe street had several large banners saying 33% ALREADY RESERVED!
i think the intention was to panic people into jumping on the band wagon before they miss out
i wonder what happened to those 8 buyers for every london property?
or the chinese investor buying for his unborn children?

hpifever

Hopefully!

In_For_A_Penny_2

hpifever wrote: »

Hopefully!

Hi and welcome to the forum. If you want to respond to a post it's best to hit "quote" at the bottom. That will open a reply screen and incorporate the post you are responding to into your reply.

That way we know what you're replying to!

ukcarper

In_For_A_Penny wrote: »

Hi and welcome to the forum. If you want to respond to a post it's best to hit "quote" at the bottom. That will open a reply screen and incorporate the post you are responding to into your reply.

That way we know what you're replying to!

I think he was replying to me and his reply just shows how bitter and shortsighted he is.

In_For_A_Penny_2

ukcarper wrote: »

I think he was replying to me and his reply just shows how bitter and shortsighted he is.

Yea I just read the earlier exchange. The forum is a great place for debate, some of well articulated, some not. To wish someone ill is pretty poor form whatever way you look at it and adds nothing to the debate.

hpifever wrote: »

Hopefully if the interest goes to 12% your house would drop massively in price and therefore remortgaging your house will be impossible. I cant wait!

:T:T

That's pretty pathetic tbh.

Bubble_and_Squeak

In_For_A_Penny wrote: »

Yea I just read the earlier exchange. The forum is a great place for debate, some of well articulated, some not. To wish someone ill is pretty poor form whatever way you look at it and adds nothing to the debate.



That's pretty pathetic tbh.

i don't condone such comments but i understand the anger some people feel about the property market. from my own perspective i've worked very hard and made sacrifices to get a good wedge together only to see prices rocket earlier this year and the value of my deposit dwindle in the face of a bomad onslaught.

In_For_A_Penny_2

Bubble_and_Squeak wrote: »

i don't condone such comments but i understand the anger some people feel about the property market. from my own perspective i've worked very hard and made sacrifices to get a good wedge together only to see prices rocket earlier this year and the value of my deposit dwindle in the face of a bomad onslaught.

Agree in many respects and I find the comments about "how much money my house made last month" to be equally repulsive.

As a prospective FTB, on a purely financial level, a house price "crash" might benefit me but equally would cause problems for several family members who, I feel have over-stretched themselves buying London property in recent times. I also don't believe it is what the economy needs.

This rather sad situation has resulted from successive governments failure to address the housing situation/shortage and instead take measures to shore up house prices for fear of alienating the electorate. Short term measures that merely store up trouble down the line.

All this has created a "them-and-us" mentality, between home owners and FTB's that sometimes gets played out on these forums.

Jason74

ukcarper wrote: »

Especially if you read Jason's posts.

Indeed. A quick look at the "London has peaked" thread tells you that I disagree with Paddington on much around the housing market. I even alluded to that in the post that Crashy posted, but he seems to have missed that bit . . . .oh well

ukcarper

Jason74 wrote: »

Indeed. A quick look at the "London has peaked" thread tells you that I disagree with Paddington on much around the housing market. I even alluded to that in the post that Crashy posted, but he seems to have missed that bit . . . .oh well

The problem Crashy has is that he sees anybody who does not think that house prices will crash as wanting and promoting HPI. He fails to see that we are just commenting on the situation as we see it.

wotsthat

Bubble_and_Squeak wrote: »

i don't condone such comments but i understand the anger some people feel about the property market. from my own perspective i've worked very hard and made sacrifices to get a good wedge together only to see prices rocket earlier this year and the value of my deposit dwindle in the face of a bomad onslaught.

That's not the fault of someone who has already done what you hope to do.

HPIfever will probably hate you once you buy. You'll probably fall off Crashy's Christmas card list too.