**Don't Buy A House** House Prices Set To Crash!!!

GDB2222

These are difficult times but history has shown that however many times property prices have dipped in the past, the line on the graph has still gone in the upward direction overall.

I agree that **eventually** this will happen, but try telling that to someone who bought Japanese equities at the height of the market 15 years ago. Based on exactly the same argument, the market chased itself up to a ridiculous level. It is now 1/3rd of its level 15 years ago.

UK house prices are now double the long-term trend line, and there is a real possibility of a 40% to 50% fall. It's going to take many years to catch up again.

The clever money is staying well out of the market at the moment. There's no real possibility of significant growth, with a real risk of a crash.

Barter

Am I the only one who can't access https://www.nethouseprices.com ?
Every time I try, it comes up with a MSN search or can't find/page unavailable message - please tell me this is a problem common to others, otherwise my computer's playing up again!

VH

Am I the only one who can't access https://www.nethouseprices.com ?
Every time I try, it comes up with a MSN search or can't find/page unavailable message - please tell me this is a problem common to others, otherwise my computer's playing up again!

Works fine for me. Very useful site, cheers!

Barter

Hmm... methinks we have a problem, then.

Having kept trying via my unmetered ISP (monthly subscription) I blew the budget!!! & used a different ISP on PAYG - & hey presto - got the site, but couldn't get any info. anyway as a message said unable to register because of the volume of traffic they've been having.

***Please could someone post here when they remove the red notice saying that they've disabled registration, as I can't keep looking "freely & easily" - or send a message/email me even?***

However the issue remains as to WHY can't I access this website through my usual ISP? Perhaps I better ask on the techie board!

Very many thanks, Barbara.

frugal_dougal_3

This is a popular view however it does not take into account that there is a shortage of housing in this country for reasons that I won't bother to list here.
No commodity will ever be cheap if demand outweighs supply, and everyone has got to live somewhere.

There is an awful lot of fear and panic out there which has effectively paralysed the market, but people will eventually become bored with this and will decide to start moving again.

webmister22

Thaqnks for the https://www.nethouseprices.com link. Very useful.

Webmister22

GDB2222

This is a popular view however it does not take into account that there is a shortage of  housing in this country for reasons that I won't bother to list here.
No commodity will ever be cheap if demand outweighs supply, and everyone has got to live somewhere.

There's *always* a shortage of houses in this country. The shortage is the same now as it was in 1995, but prices have trebled in the meantime. The shortage won't stop part of that increase unravelling again.

deemy2004

Its excess liquidity thats driven prices higher...

The world is awash with money and it had to go somewhere.

P.S.

Blame the Americans

frugal_dougal_3

There's *always* a shortage of houses in this country. The shortage is the same now as it was in 1995, but prices have trebled in the meantime. The shortage won't stop part of that increase unravelling again.

I agree with you GDB2222. There has "always" been a shortage of housing in this country. How many of your friends have got grown up kids still living with them?

How far can you drive without getting into a major traffic jam?

How many times can you go into a shop and get served without having to queue up for ages ?
Overcrowding is everywhere, as it was in 1995 but there is a lot more people living alone now than there was then.

I am not saying that the shortage alone will prevent a crash. The fear and panic created by the media is the biggest problem

dippy

I was able to register at https://www.nethouseprices.com and it was so refreshing. The final sale prices of flats in the block where I'm renting (London) are nothing like the asking prices at the estate agents. There were a couple of mugs that bought at prices close to the asking prices but the majority were much lower. I really pity these poor mugs who bought houses way over what everybody else was paying. The difference was about 10-20%. I was so shocked.

I think estate agents are putting people off buying houses by asking such ridiculously high prices.