They think its all over....It is now...

lukeh23

I am not sure who is more pathetic, those guys for obsessing over house-price crash speculation, or you for having nothing better to do then obsess over what they post.

I think you all need to get out more.

[Deleted User]

right move now has a feature that in some cases shows recent history of what a property has been sold for,we are currently looking at property in the n.west /n east/wales and the vast majority are for sale at prices below 3/5/even 10 years ago
it is without doubt the case that property prices have only avoided a crash because of the south east bubble

Philuk

Conrad wrote: »

Why do people say it's impossible to buy, these characters have been around forever and yet every day, ordinary folk buy homes.

Only people within the M25, if you live in Sunderland, Sheffield or any other places not south, or beyond commuting distance from London, prices are still below 2007 level or about, sure you can afford a lot for a fraction of a million.

MARTYM8`

What a horrible bunch!

Maybe you don't have kids/grandkids/nephews/nieces who are on ordinary salaries in areas where house prices are way out of kilter with wages?!

Just because they aren't as lucky as you to have been born before 1980 so weren't old enough to buy before prices tripled in the late 1990s/early 2000s and so may want prices to fall so they can afford to buy - does not make them losers!

mayonnaise

MARTYM8` wrote: »

What a horrible bunch!

Yep. They are now collectively creaming their pants because some poor soul found themselves in negative equity and posted about it on mumsnet. Lots of LOL-ing going on.

http://www.housepricecrash.co.uk/forum/index.php?/topic/204381-chickens-roosting-barratt-dream-homes-scheme-screwed-up-my-life/

Horrible bunch.:(

hpifever

from Mumsnet: http://www.mumsnet.com/Talk/am_i_being_unreasonable/2363777-to-take-legal-action-over-barrat-homes-dream-home-scheme-that-has-screwed-up-my-life?pg=1

I don't think it is dodgy. You borrowed a certain amount, they wouldn't risk you paying back 25% of the value after ten years because if this scenario. You have to pay back what you borrowed.

Was it a financial advisor who told you to not save to pay this back and rely on the equity?

Simples really. Perfect response.

Some people are stuck in the "house prices always go up" and therefore why would they need to save up.

brit1234

padington wrote: »

It's a strategy you can use if you your're economy needs kick starting.

We've had the slowest move out of depression for a long time. We needed to use whatever kickstart remedies we could. If we hadn't have done it, god knows where we would be be.

In a reality we would be in a better position. All the stimulus has done is increase asset prices and miss-allocate resources. Personal debt is now at a record high and national debt is at a record high. Instead of bad practice being allowed to fail it was bailed out and allowed to multiply.

If house prices were allowed to correct then people could buy for less and have more money to put into the economy. Cheap credit just fuels debt and what do you do when that debt bubble burst. Interest rates are technically zero, when this debt bomb goes off there is almost no stimulus left to save you.

cells

I think the vast majority of housepricecrash-ers are young and poorly paid and they would like houses to be more affordable so they can buy something decent for themselves. nothing wrong with that

the sad bit it the negative natural condition of confirmation bias. it can keep otherwise very sane people in ignorance for years and years and years

thequant

MARTYM8` wrote: »

What a horrible bunch!

Maybe you don't have kids/grandkids/nephews/nieces who are on ordinary salaries in areas where house prices are way out of kilter with wages?!

Just because they aren't as lucky as you to have been born before 1980 so weren't old enough to buy before prices tripled in the late 1990s/early 2000s and so may want prices to fall so they can afford to buy - does not make them losers!

At school some people don't bother so as to better themselves, as they expect the state to take care of them when they leave, unemployment benefit, council houses etc.


Come to adult life, some of them are eventually forced into looking for work due to benefit sanctions.


However they still expect the state to look after them via tax credits and now the sense of entitlement is to be able to buy homes at knock down prices.


Life will always have it's losers, whether they are working or not because they will always expect others to pick up the tab for them.

noodle_doodle

They need to MAFLATSE

Move Away From London And The South East


They're all arguing they're extremely skilled, but it must be one hell of a narrow skill set that keeps you tied to within 50 miles of that there Lunnon.

I've posted on there numerous times, before I was banned for using maths that disproved hpc mythology, that the difference in house prices between edinburgh (expensive enough itself) and london means I'd need to double my wage to buy a similar house in a similar area down south. Of course I could move to dagenham instead for no differential, but why the hell would I do that?