Are the property bears relieving themselves in the woods ?

Bubble_and_Squeak

padington wrote: »

Or write.

Personally I think many people in including myself would like houses to be free but that's a side argument. The only bear / bull debate is which direction is the market going or how is the market going to change.

People really need to stop confusing the two.

The real answer is probably up and not much, invest accordingly.

Don't be surprised if things double again rather quickly.

so you keep saying
but they're actually falling

Jason74

padington wrote: »

Or write.

Personally I think many people in including myself would like houses to be free but that's a side argument. The only bear / bull debate is which direction is the market going.

People really need to stop confusing the two.

That much is true. While I'm someone who would love to see a meaningful fall in house prices, I'd be the first to acknowledge that such an outcome is unlikely. I think much of London is likely to drop off a tad in the very short term (I know your part of town appears a bit different here) following the recent madness, but long term, I can't see anything other than prices getting more and more excessive in the medium term.


There will come a point where the politics shift away from the "HPI is good" approach at the moment, and there is a lot of evidence that public thought is moving in that direction. But imho we're still quite a way from the tipping point where politicians actively introduce "anti HPI" policies. An while I believe we will eventually hit that point, until we do, the long term trend for house prices will always be up.

Bantex_2

padington wrote: »

You can, just make sure to sell your house for half it's price next time it's up for sale.

Not so tempting now ?

I would happily sell my place for half its current price if the better one I wanted was also half its current price.

ukcarper

Jason74 wrote: »

That much is true. While I'm someone who would love to see a meaningful fall in house prices, I'd be the first to acknowledge that such an outcome is unlikely. I think much of London is likely to drop off a tad in the very short term (I know your part of town appears a bit different here) following the recent madness, but long term, I can't see anything other than prices getting more and more excessive in the medium term.


There will come a point where the politics shift away from the "HPI is good" approach at the moment, and there is a lot of evidence that public thought is moving in that direction. But imho we're still quite a way from the tipping point where politicians actively introduce "anti HPI" policies. An while I believe we will eventually hit that point, until we do, the long term trend for house prices will always be up.

Although I would prefer prices to be lower I would not like to see a large drop in prices. It wouldn't effect me personally but I think it would be bad for a lot of people. I think the best solution would be for prices to stagnate or fall slightly.

kabayiri

Jason74 wrote: »

That much is true. While I'm someone who would love to see a meaningful fall in house prices, I'd be the first to acknowledge that such an outcome is unlikely. I think much of London is likely to drop off a tad in the very short term (I know your part of town appears a bit different here) following the recent madness, but long term, I can't see anything other than prices getting more and more excessive in the medium term.


There will come a point where the politics shift away from the "HPI is good" approach at the moment, and there is a lot of evidence that public thought is moving in that direction. But imho we're still quite a way from the tipping point where politicians actively introduce "anti HPI" policies. An while I believe we will eventually hit that point, until we do, the long term trend for house prices will always be up.

Getting a bit more supply in London might be a reasonable start. There is plenty of green space still. If they relax planning I'm sure they could find space for a decent number of new houses, and it would support construction jobs too.

People are pretty inconsistent though. They don't want to be "overlooked", and in the next breath they moan about how their offspring have no chance of buying.

lukeh23

As someone trying to get on the ladder, yep.

Bubble_and_Squeak

lukeh23 wrote: »

As someone trying to get on the ladder, yep.

don't worry
supply is increasing
asking prices are falling
number of properties achieving the (declining) asking price falling
buyer/seller ratio is moving in your favour
of course, the bulls will start quoting LR figures and 'thanking' each other but they live in the past

Bantex_2

lukeh23 wrote: »

As someone trying to get on the ladder, yep.

if we all stopped thinking "ladder" and started thing "home" again, I think things would be better.

Bubble_and_Squeak

Bantex wrote: »

if we all stopped thinking "ladder" and started thing "home" again, I think things would be better.

as canadian country legend michael macdougall would say "that much is true"

padington

Bantex wrote: »

I would happily sell my place for half its current price if the better one I wanted was also half its current price.

If the price halved across the land , the nation would lose the best 50% of its equity, have you any idea what the implications of that would be ?

Hence why a law halving property prices is as rare as a bear with a clean bum.

If property prices doubled over night on the other hand, the nation would enjoy a welcome spike of prosperity creating many jobs which would also help pay down the national debt.

We are still massively in the red dont forget. We don't have the option of waving magic wands. There is no free lunch nor will there be.

Invest occordingly.