So no higher than 2004 then!

ukcarper

Crashy_Time wrote: »

Many have BTL`s they can`t fill, second properties from before they got married or whatever, or property they have inherited. Many need to pay care fees, or really want to downsize, or think it is time they took that retirement pay out they thought bricks n` debt would set in stone for their old age. Highly unlikely that these types will hold the line when real drops start to be reported, they are going to bottle it straight away and chase the market down IMO.

You really don't understand do you

Yes some people will have to sell as people do have to sell for care home fees but that is very few people, people with a choice will not sell.

In the areas where prices are high there are very few empty BTL.

Crashy_Time

ukcarper wrote: »

You really don't understand do you

Yes some people will have to sell as people do have to sell for care home fees but that is very few people, people with a choice will not sell.

In the areas where prices are high there are very few empty BTL.

Are we expected to believe that you do? :rotfl:

ukcarper

Crashy_Time wrote: »

Are we expected to believe that you do? :rotfl:

I don't care if you do or don't but at least I haven't spent the last 16 years living in house share waiting for a crash that hasn't happened and will in all probability not happen.

Just to make it clear that doesn't mean I think prices will rise I can see prices falling but not the crash you are hoping for.

chucknorris

ukcarper wrote: »

I don't care if you do or don't but at least I haven't spent the last 16 years living in house share waiting for a crash that hasn't happened and will in all probability not happen.

Just to make it clear that doesn't mean I think prices will rise I can see prices falling but not the crash you are hoping for.

I really can't see the London market (in real terms) advancing much from where we are now. If it wasn't for the fact that my profit is high (more due to lower interest rates than yield, which has fallen due to capital growth) and that there isn't a particularly good home for any cashed in equity, I would sell up. But then I've been wrong before, I really didn't expect values to surge to their current level (hats off to Hamish, he was right).


As for still being back at 2004 levels outside of London, that isn't my experience where we actually live in Dorking, Surrey. I bought for £360k (but I did get a good deal as cash buyer) in 2005 and the current value is about £540k (no improvement work done).

Crashy_Time

ukcarper wrote: »

I don't care if you do or don't but at least I haven't spent the last 16 years living in house share waiting for a crash that hasn't happened and will in all probability not happen.

Just to make it clear that doesn't mean I think prices will rise I can see prices falling but not the crash you are hoping for.

I have been waiting for a crash since 2008, you can`t even count.

ukcarper

Crashy_Time wrote: »

I have been waiting for a crash since 2008, you can`t even count.

I though you sold 16 years ago

Crashy_Time

ukcarper wrote: »

I though you sold 16 years ago

No, I sold before that because I lived in a different part of the country, and was sick of having people in the house causing problems with the neighbours. The fact that houses were in a bubble (Edinburgh) only started to occur to me at some point in the early 2000`s (according to debate on here it must have been 2004 or thereabouts) and the fact that it was an orchestrated credit event run for the benefit of the bankers, and that it was all going to fall down only became clear when I joined the HPC site in 2007.

ukcarper

Crashy_Time wrote: »

No, I sold before that because I lived in a different part of the country, and was sick of having people in the house causing problems with the neighbours. The fact that houses were in a bubble (Edinburgh) only started to occur to me at some point in the early 2000`s (according to debate on here it must have been 2004 or thereabouts) and the fact that it was an orchestrated credit event run for the benefit of the bankers, and that it was all going to fall down only became clear when I joined the HPC site in 2007.

Why did you think house prices were in a bubble at a time when compared to earnings they were below average.

Crashy_Time

ukcarper wrote: »

Why did you think house prices were in a bubble at a time when compared to earnings they were below average.

Why did the PTB have to step in during 2008?

ukcarper

Crashy_Time wrote: »

Why did the PTB have to step in during 2008?

Not because for UK house prices