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How Much Longer Before The Crash
Comments
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Plenty of people made a LOT of money in the dotcom bubble. I didn't, but I'm not even the tiniest bit bitter about it. Why do people assume that those who "missed out" on the property bubble are bitter?
Because they would have been bitter if they'd 'lost out'. Face is everything to some people.0 -
I heard the crash was happening while Hell's Kitchen is on later
Is that not right? Everything that is supposed to be in heaven is already here on earth.
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Oh dear, feeding the trolls.
Bear in mind that, if there ever were to be a crash, it would be the very first.
To date, the biggest drop in UK house prices was 25%, and it took almost four years in the early 90s to manage that. That is not a 'crash'. And they recovered over the following four years.
There was never a stage where 'estate agents refused to sell your house'! That would have been hilarious!
I wish share prices were as resilient!0 -
Oh dear, feeding the trolls.
Bear in mind that, if there ever were to be a crash, it would be the very first.
To date, the biggest drop in UK house prices was 25%, and it took almost four years in the early 90s to manage that. That is not a 'crash'. And they recovered over the following four years.
There was never a stage where 'estate agents refused to sell your house'! That would have been hilarious!
I wish share prices were as resilient!
A crash is usually defined as a nominal fall of 15% over any period, be it stocks or houses.0 -
Oh dear, feeding the trolls.
Bear in mind that, if there ever were to be a crash, it would be the very first.
To date, the biggest drop in UK house prices was 25%, and it took almost four years in the early 90s to manage that. That is not a 'crash'. And they recovered over the following four years.
There was never a stage where 'estate agents refused to sell your house'! That would have been hilarious!
I wish share prices were as resilient!
Obviously you werent around in the Newcastle then. Whole areas had zero value, others were unsellable. These type of things will never show up in figures as there were NEVER a sale.
So you seriously think an estate agent would take on something they cant sell? Obviously you do 0 -
People have been speculating about a price crash for years. some of those are probably a little bitter now, given that they could have made a lot of profit if they'd bought 7 years ago rather than sitting and waiting for a crash... zzzzzzzzzz.
Yawn.
By the way pinkshoes, you never answered the questions I put to you in this thread http://forums.moneysavingexpert.com/showthread.html?p=5946075#post5946075Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
If prices reach 1990 levels again, I'll be buying a few as a pension plan.
A crash or correction is long overdue. In the future, I expect mortgages will not be tied to BofE base rates and lending multiples will fall to 3 times joint income. This will see many people lose loads of equity. Those who cannot afford a house now will still be unable to buy due to the squeeze on lending multiples and interest rates being relatively high but stable at around 7.5%.
Of course, I could be wrong.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Gorgeous_George wrote: »If prices reach 1990 levels again, I'll be buying a few as a pension plan.
A crash or correction is long overdue. In the future, I expect mortgages will not be tied to BofE base rates and lending multiples will fall to 3 times joint income. This will see many people lose loads of equity. Those who cannot afford a house now will still be unable to buy due to the squeeze on lending multiples and interest rates being relatively high but stable at around 7.5%.
Of course, I could be wrong.
GG
I'm sure you weren't this bearish on housing when I first started lurking on MSE. Why the change in sentiment George?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Turnbull2000 wrote: »I'm sure you weren't this bearish on housing when I first started lurking on MSE. Why the change in sentiment George?
The tide is turning my friend.dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
Turnbull2000 wrote: »I'm sure you weren't this bearish on housing when I first started lurking on MSE. Why the change in sentiment George?
The tablets must be having less effect.
IMHO, FTBer house prices have reached the maximum possible level. Even if IRs were reduced to zero, the capital would need to be repaid and that alone would be difficult enough. Perhaps a year or two ago, I thought the same but expected continuing demand and low IRs to provide a smoothing off rather than a crash.
I have two kids that should be looking to buying a place of their own but are forced to rent. It is a desperate and dire situation. A HPC won't really help them, I'm afraid. The best that they could do is have 10 kids and sponge off the State.
A HPC could yet be averted but I think a world recession will eventually stuff us all.
Still, no point worrying about things that you cannot change.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
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