UK house price to crash as global asset prices unravel

Garethgrew

cells wrote: »

I was a little worried but the latest figures show the rental market expanded by >440,000 units last year and only ~100,000 BTL mortgages for purchase were given out. There is a rapid structural shift to renting even in cheap affordable parts of the country. It seems to be down to far to restrictive mortgage rationing.

I can see maybe a pause in prices while rents catch up a bit but overall I am still positive that in 5-10 years time buying in 2015 would have been a good decision.

Over ten years that's an easy statement to make. If you invest in anything for ten years you are bound to profit.

The question is will there be a big dip sometime soon,

Will 2016-2019 or something like that be a much better time to invest in property than 2015 was?

I think undoubtably the answer is yes.

chucknorris

Garethgrew wrote: »

Over ten years that's an easy statement to make. If you invest in anything for ten years you are bound to profit.

The question is will there be a big dip sometime soon,

Will 2016-2019 or something like that be a much better time to invest in property than 2015 was?

I think undoubtably the answer is yes.

Property is a long term investment, it is best to plan to invest for the long term, I've held investment property now for almost 25 years, and it is only recently that I have started to think about the finer details of my exit strategy, I always did have about 30 years in mind (obviously depending on the market at the time).

Garethgrew

Graham_Devon wrote: »

Many people say this. Whether it be in shares, metals or houses.

Meanwhile, prices crash. I doubt that that many people actually buy in a falling market. Good luck to you though if you do. It's a gamble really.

Yes this is true, wait for the bottom in property, which could be years away yet

Garethgrew

chucknorris wrote: »

Property is a long term investment, it is best to plan to invest for the long term, I've held investment property now for almost 25 years, and it is only recently that I have started to think about the finer details of my exit strategy, I always did have about 30 years in mind (obviously depending on the market at the time).

Yes I think a lot of property owners are thinking of getting out soon before prices fall too much.

Thrugelmir

cells wrote: »

It seems to be down to far to restrictive mortgage rationing.

No mortgage rationing. There's no queues to obtain a mortgage.

chucknorris

Garethgrew wrote: »

Yes I think a lot of property owners are thinking of getting out soon before prices fall too much.

That isn't the reason, the reason is that I'm 58 years old, and therefore I probably only have about 30 (ish) years left before I die. It is going to take that long to spend the equity, and I don't want to be the richest man in the graveyard, so I need to get a move on.

Garethgrew

Thrugelmir wrote: »

No mortgage rationing. There's no queues to obtain a mortgage.

All those refugees with no money and no hope, they will be happy to get in line for a mortgage.

Yes the perma prop bulls are right, demand is measured by how many people want to live in a certain property. And there is more demand than supply, it's got nothing to do with it that nobody can afford the over priced sky high asking prices.

Mistermeaner

Asking prices are irrelevant it's sale prices that matter and clearly people can afford higher prices because they continue to pay them.

System

Garethgrew wrote: »

All those refugees with no money and no hope, they will be happy to get in line for a mortgage.

Yes the perma prop bulls are right, demand is measured by how many people want to live in a certain property. And there is more demand than supply, it's got nothing to do with it that nobody can afford the over priced sky high asking prices.

Do you think I should sell up and invest it all in silver?

luvpump

Tonight this doesn't look quite as unlikely as some would wish to imagine, with the FTSE down to 2012 levels .:eek: