Debate House Prices


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How low will property go?

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    cells wrote: »
    The crash wishers thinking and analysis is not based on what is likely but based on what they hope will happen. Put a lot of them in the same room (or forum) and they convince themselves that what they hope to happen is actually what is likely to happen when the reality is that much of their hopes are very unlikely.


    Says the man who doesn`t know the difference between housing benefit and paying a mortgage....:rotfl:There are some right circus performers on these boards I tell thee!
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    Crashy_Time wrote: »
    Says the man who doesn`t know the difference between housing benefit and paying a mortgage....:rotfl:There are some right circus performers on these boards I tell thee!

    Talking of clowns.... what's your BCR Mystic Meg?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ukcarper wrote: »
    That's always been the case do you really believe the banks will stop selling mortgages ?

    The market will adjust. Just as it did after the GFC when around 30% of lenders left the market entirely.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Thrugelmir wrote: »
    The market will adjust. Just as it did after the GFC when around 30% of lenders left the market entirely.
    Will it or is it just that you think it will.
  • pop_gun
    pop_gun Posts: 372 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Under the old system we would've have had a crash. Under the new system house prices will continue to go up. Within 7 years I expect the average house price in London to be over a million pounds.
    Many won't be able to raise even a 5% deposit and the government will reinstate self cert mortgages.

    Shared ownership will be the only way to get on the property ladder (in London) in the not so distant future.
  • Electrum
    Electrum Posts: 218 Forumite
    ukcarper wrote: »
    That's always been the case do you really believe the banks will stop selling mortgages ?


    If credit dries up then yes, as much as they would like to keep selling mortgages, how can they?
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Electrum wrote: »
    If credit dries up then yes, as much as they would like to keep selling mortgages, how can they?
    I don't think you have been following and why should credit dry up.
  • AG47
    AG47 Posts: 1,618 Forumite
    ukcarper wrote: »
    I don't think you have been following and why should credit dry up.

    Nothing has been fixed since 2008, it was just pushed into the future
    Nothing has been fixed since 2008, it was just pushed into the future
  • The-Joker
    The-Joker Posts: 718 Forumite
    AG47 wrote: »
    Nothing has been fixed since 2008, it was just pushed into the future

    Wrong something has been fixed, now the people will not stand for another bailout.
    The thing about chaos is, it's fair.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    AG47 wrote: »
    Nothing has been fixed since 2008, it was just pushed into the future
    Things have not been completely fixed but things are better than 2008 and banks have more capital.
This discussion has been closed.
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