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Debate House Prices


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Deflation

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Comments

  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    :money:
    And you do?
    Crashy_Time wrote: »
    All I claim to know is that the bankers exploited the money system to create the sentiment to borrow very large sums (from them) on property. It wasn`t sustainable and the banks had to be bailed out. It still isn`t sustainable, and property prices (based on the availability of credit) are in the process of correcting. We can argue about the detail, but there is very little argument that can be put forward that says the UK property market is healthy?

    You have just proved my point.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    You have just proved my point.


    I`m not sure what your point was though, can you remind me? I state my beliefs clearly, some posters seem to be trying to shut down discussion of a property price crash?
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    I`m not sure what your point was though, can you remind me? I state my beliefs clearly, some posters seem to be trying to shut down discussion of a property price crash?

    You state categorically prices are unsustainable and in the process of correcting when the first part is debatably to say the least and latest house price states show that the second part is incorrect.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    You state categorically prices are unsustainable and in the process of correcting when the first part is debatably to say the least and latest house price states show that the second part is incorrect.


    I am not convinced by your opinion or the stats. Many people are sitting on property that they would have been forced to sell in a HIRE. When things come to a head, there will be panic selling IMO.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    I am not convinced by your opinion or the stats. Many people are sitting on property that they would have been forced to sell in a HIRE. When things come to a head, there will be panic selling IMO.

    That's the thing it's just your opinion and you are ignoring the stats.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    That's the thing it's just your opinion and you are ignoring the stats.


    The stats are skewed by the London bubble, there are different ways of compiling which can be argued about, and we can only really discuss sold prices. Volumes are low. I am just posting about my real world experience.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    The stats are skewed by the London bubble, there are different ways of compiling which can be argued about, and we can only really discuss sold prices. Volumes are low. I am just posting about my real world experience.

    Stats are available for all parts of the country.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    Stats are available for all parts of the country.


    Won`t change the rent I have paid over the last few years though? Won`t fill the empty BTL`s in my street, or help sellers unable/unwilling to drop their price sell?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    Stats are available for all parts of the country.


    Can you post some up for the biggest price drops so far in the UK then please?
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    Can you post some up for the biggest price drops so far in the UK then please?

    No if you want them look them up yourself, where I am prices are about 18% above the last peak.
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