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

ukcarper

Crashy_Time wrote: »

It isn`t, and as I am thick, please spell out what you mean.

I referred to you finding flats at less than market rent and then a couple of post later you talked about borrowing.

Crashy_Time

Joeskeppi wrote: »

Slightly easier to achieve if you're a serial singleton.

Oh dear. Is there something you would like to share with us Joedebty?

Jack_Johnson_the_acorn

Crashy_Time wrote: »

So are you seriously going to try and argue that rent prices are increasing?

Over the last 17 years........... Hmmmmmm this is a tough one, can I phone a friend..... have rents increased over the last 17 years............ I don't know is the answer Squirrel..

HAMISH_MCTAVISH

Philuk wrote: »

Once again, you are ignoring the fact that many properties are left vacant or underused. I work in mayfair, and by the look of windows at night, no many home owners are using their luxurious property, that is the same in Notting Hill and even more obvious in Kensington area.

I'm not ignoring it at all.

But the fact remains that young couples looking for their first home are not going to be buying in Mayfair, Notting Hill, or Kensington, even if the handful of rich foreigners sold up to another handful of rich people.

These are a vanishingly small percentage of the market.

They may be disproportionately of concern to you, living and working there, but they are just of no relevance whatsoever when compared against the million house shortage we're looking at today....

A shortage that is worsening at the rate of another million houses every 7 years at current build rates.

Another consideration is the misallocation of space,

Only if you think it's likely that there will be a significant reallocation of that space.

Will all the older generations suddenly decide to downsize?

No. Of course not.

They obviously have no desire or need to do so, and no government will alienate voters on that scale.

So then ask yourself if it's likely, given the economic recovery, and the desire of politicians not to alienate this group, that enough of them will want to, or be forced to, to make a difference?

Any objective observer would have to conclude that's about as likely as Nigel Farage being crowned King of England.

House market is not purely quantitative but also qualitative.

Quite.

And we have millions of people today in shared accommodation that would prefer to have their own place....

They can't, because they are 'priced out'..... The market has priced them out because there aren't enough places to go around.

So just assume for a moment that prices fell and these millions could now buy..... Where are the houses for them all?

HAMISH_MCTAVISH

I see we've got quite a few visitors from HPC in this thread at the moment, so in the event you want to expand the discussion beyond any potential "tipping point", or indeed to debate the underlying causes of UK house prices being where they are....

The link for the debate house prices/economy board, where you are just now, and where all threads on house prices are contained, is here.......

http://forums.moneysavingexpert.com/forumdisplay.php?f=149


There's a thread on the London housing shortage here.....

https://forums.moneysavingexpert.com/discussion/5030798


And the UK wide housing shortage here.....

https://forums.moneysavingexpert.com/discussion/5026820

and here....

https://forums.moneysavingexpert.com/discussion/5028693


You can discuss the current performance of rents versus house prices, the skew inherent in the ONS rent index, and how these things relate to a housing shortage here......

https://forums.moneysavingexpert.com/discussion/5033480


And my personal favourite thread, the one discussing Aberdeen house prices, is here....

https://forums.moneysavingexpert.com/discussion/5025761


And of course, in the interest of reciprocity, if any of our more bearish MSE-ers have not yet found HPC, the thread inviting all of them to come over and post can be found, here......

http://www.housepricecrash.co.uk/forum/index.php?/topic/195761-is-prime-london-crashing/page-91


We're a fairly broad church over here on MSE, you won't get banned for being bullish or bearish, you certainly won't get moderated for claiming house prices will rise, and we welcome opposing views.....

:beer:

Crashy_Time

ukcarper wrote: »

I referred to you finding flats at less than market rent and then a couple of post later you talked about borrowing.

You said market price was what most people were paying, I said most people borrow to "own" property.

wotsthat

Joeskeppi wrote: »

Slightly easier to achieve if you're a serial singleton.

“ No I don’t talk about my love life for a very good reason, and that reason is I don’t have one. Which is very good news for the ladies - I am still available.

I’m a heck of a catch, cos, er well look at it; I live in Slough, in a lovely house, with my parents. I have my own room, which I’ve had since yep.. since I was born. That’s seen a lot of action I tell you. Mainly dusting. I went to university for a year as well, before I dropped out, so I’m a quitter.

So, er, form an orderly queue ladies. “

Tim from The Office

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Oh dear. Is there something you would like to share with us Joedebty?

On the link to HPC that Hamish posted DWS / Crashy is lying to his fellow cultists that they Just got someone telling me that sold prices in the street won`t affect his value at all

HAHAHAHAHAHA I don't know if they actually believe what they type. But I'm starting to fear for my safety :rotfl::rotfl::rotfl:

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Over the last 17 years........... Hmmmmmm this is a tough one, can I phone a friend..... have rents increased over the last 17 years............ I don't know is the answer Squirrel..

Why don`t you phone the banker, he might tell you, and he might tell you how much you are in for while he is at it?

System

What job do you have where typing an apostrophe is not a requirement?