This crisis feels young. It doesn’t even have a name yet. It’s happening by stealth

Crashy_Time

carslet wrote: »

I would not care if there was a crash or large falls in the housing market, it would need to be 50% for me to get into negative equity, I also would not care as I think houses are too expensive in the UK.

But there is a shortage of houses and a growing population, so unless the build rapid or the BTL's sell up I can't see there being any massive falls of 50%

http://www.dailymail.co.uk/news/article-3429735/Landlords-flood-market-half-MILLION-homes-drive-house-prices-scramble-avoid-George-Osborne-s-buy-let-crackdown.html :rotfl:


It`s so funny that the MSM has gone all HPC of recent.

purch

Electrum wrote: »

Yes,

Well if you're agreeing with me, I might have to change my mind :eek:

surfer9

If the crisis that is being discussed is extreme, and means those who are in debt are screwed and peoples savings in banks could be wiped out......Then there will be mayhem. Murder, stealing etc. I don't think something like that is worth worrying about. If it happens it happens. Everyone will be in a mess.

Is it that likely to be that severe?

If a collapse is moderate and there's a correction in house prices, more austerity, and inflation, these can be dealt with.