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

abaxas

nollag2006 wrote: »

You're being very charitable Jason. These House Price Crash muppets have been peddling their nonsense for at least 5 years now, and show no sign of accepting reality, that while house prices may slow for a while in certain areas, they are just not going to drop.

What I find really amusing is how they use the term VI (Vested Interests) to descibe some sort of nefarious conspiracy by the media and the Government to push up house prices, while ignoring their own vested interest to get a house on the cheap.



These muppets should have bought 3 or 4 years ago, when house prices were substantially lower than they are now, rather than coming on here wailing and moaning about how unfair life is !!

:mad:

Get over it, and join the Muppet show on the HPC website...

You appear to be very scared of something? Don't try to hide it with anger, or invest your ego in this. No-one here wants to brandish you a fool, don't do it yourself.

Pobby

Nollag,wake up and smell the coffee.In many areas prices are already dropping in particular on certain new build property.The market is stagnating right now.Think GGs last post is about right regarding the amount that properties fall.

SquatNow

RICS figures out today for October show 8% drop in prices in Nortern Ireland. (Part of the UK!)

That's not 8% YoY that's 8% IN OCTOBER ALONE.

House prices only every go up.

Using the agreed Estate-Agent method of calculation, that means by next october they will have dropped 63%.

And you can't argue with that calculation cos that's how the estate agents do it and they're the experts.... right?

Romani_Ite_Domum

“First they ignore you, then they laugh at you,"

nollag2006 wrote: »

What I find really amusing is how they use the term VI (Vested Interests) to descibe some sort of nefarious conspiracy by the media and the Government to push up house prices, while ignoring their own vested interest to get a house on the cheap.

"then they fight you,"

nollag2006 wrote: »

These muppets should have bought 3 or 4 years ago, when house prices were substantially lower than they are now, rather than coming on here wailing and moaning about how unfair life is !!

:mad:

Get over it, and join the Muppet show on the HPC website...

"then you win.”

Mahatma Gandhi

nollag2006

Oh how I love to rile the House Price Crash muppets !!!

sheffield_lad

nollag2006 wrote: »

You're being very charitable Jason. These House Price Crash muppets have been peddling their nonsense for at least 5 years now, and show no sign of accepting reality, that while house prices may slow for a while in certain areas, they are just not going to drop.

What I find really amusing is how they use the term VI (Vested Interests) to descibe some sort of nefarious conspiracy by the media and the Government to push up house prices, while ignoring their own vested interest to get a house on the cheap.



These muppets should have bought 3 or 4 years ago, when house prices were substantially lower than they are now, rather than coming on here wailing and moaning about how unfair life is !!

:mad:

Get over it, and join the Muppet show on the HPC website...

Spot on! Some poor mug will have held off buying a property in 2004 after reading PPC and the like. I think the renters are praying for a drop they look at how fast the market has risen and say they have to come down don't they? The answer is no-one knows for sure. My own opinion is prices will stagnate over the next couple of years, maybe there will be a drop but not to what the guys who don't own a house want.

As for Northern Ireland that is the one area you could have predicted a fall after the unbelivable rises over the past couple of years it has outperformed any area of the country and was bound to fall back into line at one time I guess that times now.

SquatNow

Saying that because something hasn't happened that proves it wont is muppetry of the highest degree.

Do you have home insurance? House burnt down before? No? Then why bother? It hasn't happened yet so it never will! Been run over by a bus before? No? Then why bother looking before you cross the road!

The HPC people simple failed to comprehend how far the government would go to keep the debt monster alive...
=> They agreed to throw out all the Xsalary rules
=> They agreed to turn all debts into secured debts, secured on the debtees home.
=> They tweaked taxes to favour property speculators
=> They "invented" shared ownership
=> BTL mortgages were invented... now anyone could speculate in property

They did everything they could to increase house prices. Why? Because then everyone looked at their house value and felt wealthy... so they assume the government were doing a good job and voted them in again.

Labour took over just after the bottom of the last crash and have enjoyed massive HPI for their entire time in power. It would have stopped in 2005 but they dropped the rates to stupifyingly low levels and BTL took off.

House prices crash roughly every 18 years, give or take a year or so. That's not open to discussion, it's just fact. All economists know it.

Our 18 years is up. The crash is here. Even the estate agents are admitting it. 2004 prices will fly past as houses make their way to the bottom. Anyone who bought into the property pyramid in the last 4 years will weep.

Laugh at the "HPC Doomsayers" if you want, but we know that behind your laughter you are terrified out of your minds that the "HPC Doomsayers" were right and you, blinded by your greed, were wrong.

Here that whooshing sound at the window? That's the wind whistling past your house value as it drops like a skydiver in the dark, unable to see the bottom.

sheffield_lad

I can't wait to bump this in a years time lol. Look you may be right it maybe here but to say a crash arrives every 18yrs is rubbish the market is so different to the previous crashes with buy to let and people having access to bigger mortgages in fact everything you are saying only the other way around. I am not saying there won't be a crash I just find it amazing some folk know for certain there is going to be a crash. They never say might they know for certain and keep telling us over and over again in fact for the last 5yrs! As for this conspiracy theory are interest rates not set independently? Or are THEM all in it together lol.

carolt

There is no logic in your claims that because house prices haven't come down so far, they are destined never to do so. History shows that house prices go in cycles and therefore one would expect them to return to the mean relative to incomes. They are clearly far from that, at the moment, and the fact that the rise has gone on for as long as it has means one thing only, as far as I'm concerned - THEY HAVE THAT MUCH FURTHER TO FALL!!!!!

Here are a couple of articles to whet your appetite for what lies ahead:


http://www.ft.com/cms/s/0/f49b4ad4-8e25-11dc-8591-0000779fd2ac.html

http://www.ft.com/cms/s/0/20d093be-915c-11dc-9590-0000779fd2ac.html

You might find the following extracts interesting reading (unless, of course, you are far greater experts on the future of the property market than the FT, RICS and the nation's estate agents combined):


"New buyer enquiries have been withering for almost a year, the Royal Institution of Chartered Surveyors reported on Tuesday, and now the first signs are emerging that home owners are rushing to try to sell before the market tumbles. New stock on estate agents books leapt 8.8 per cent in October at the same time as newly agreed sales were lower that at any time since April 1999 when Rics members were first asked how their businesses were faring.

........

By contrast, estate agents have become extremely gloomy about the outlook for property prices as they experience falling demand and an increasing supply of property. Some 34 per cent more surveyors now expect prices to fall than think they will rise over the next three months.
The large negative balance on house price expectations is worse than that recorded in the 2005 slowdown and represents a huge shift in sentiment on a year ago.
In recent years, the Rics survey has proved a reliable early guide to the housing market and its monthly surveys are closely watched by both economists and the Bank of England.
So far, the falls reported by surveyors and estate agents are yet to be seen in national house price inflation measures, which still include the big price rises of last winter and spring. But the Rics survey is corroborated in the October FT house price index, which also found that prices had declined in half England’s regions since June.

.........

Arwel Griffith of WJ Meade Chartered Surveyors in Walthamstow, east London, said: “All poor news on the ‘eastern’ front. Poor enquiries, poor stocks, poor prospects.”
Most agents have so far reported that prices have fallen modestly by between 0 and 2 per cent in their areas over the past three months as weak demand was balanced by tight supply.
But Rics economists said on Monday that the jump in the stock of properties on estate agents’ books would represent a new negative turn in the prospects for house prices if it persisted."

caveatvenditor

HAHA thread is soooo funny. The blindness of some people! HPC is here folks...and you are in s.h.i.t.e.

Cant wait to buy ya house dirt cheapo