Will House Prices Crash in 10-20 Years?

westernpromise

ruggedtoast wrote: »

The boomers are facing the demographic catastrophe they have created and are about to harvest the whirlwind.

Decades of rightist low tax, high house price, neoliberal boomer pleasing governments have slashed public services for everyone and every thing other than the golden generation.

The remainder is now meant to care and pay for an absolutely colossal number of asset rich, but often cash poor, pensioners, who outnumber them and will live for decades expecting free healthcare, generous pensions, state handouts, free bus travel and heavily subsidised or fully funded twilight care.

Gen X and Y is meant to provide all this for them while

A) Having nowhere proper to live themselves
Being unable to save due to the extortionate costs of private rents
C) Subsisting on wages that are so far below the cost of living that many families rely on in work benefits to just about survive
D) Having no chance of receiving any of the above benefits themselves when they retire

Just to compound the problem, the boomers have now voted us out of the EU. Mainly as far as I can see 'Because we weren't in the EU in the 70s and there are too many foreigners'

Well a lot of things were different in the 70’S. House prices included, and an awful lot of those low low wage jobs the boomers have benefited from having done by other people, are done by the people they now now longer want around.

Despite the Tories having doubled the national debt to a trillion quid just as Gen Boomer starts to cash out of the working economy (and any responsibility for paying it back) themsleves, there simply isn't the money in the economy to keep them in the means to which they have become accustomed and to shrink the population of young people. Unless we all start working for nothing.

I would say house prices will drop in real terms through rampant inflation.

The £250k 'My house is my pension' many older people seem to have been relying on like some kind of lotto God of unearned wealth, isn't going to last long when care home bills already cost £700 a week and there isn't an army of minimum wage staff from Poland to staff them.

Your post drips hatred and envy, and a fair bit of ignorance. Keep it up; you're going to be obliterated.

p1212

anotheruser wrote: »

So all those people who bought houses at rock bottom prices in the 1970's/1980's and 1990's - will they struggle in the future?

There's loads of that generation of people who will come to sell their house, probably around the same time. Do you think house prices will crash down because there will suddenly be loads on the market?
Or are we still not building enough houses / able to fill houses easily / will have many more migrants to fill the houses / more buy to let landlords...

Debate!

I think it is highly likely that prices won't go up anywhere near the pace as they did in the last few years. The last few decades were all about expanding debt and rising property prices and no one really questioned the system.

Now these are very different times. Everyone talks about too high house prices and too much debt - not just in Britain but everywhere else in the world. They've just applied extra 15% tax for foreign purchases in Vancouver to fight high prices, the fed tries to raise interest rates to avoid asset bubbles, even Osborne started to crack down on BTL.

The public view on rising house prices is changing and we slowly enter a new era. This does not necessarily mean a price crash, but as with everything else, if you'd been there at the start you made a fortune, but by now the easy money has gone.

You can still try to get on the train and enter the BTL game, maybe you can even make a lot of money, but you will be in a much more vulnerable position with obscene amounts of debts, no inflation to erode the debt and more and more downward pressure on house prices from government and public.

System

I agree with westernpromise post, it is the truth what no-one likes to hear. The fault lies with central bankers and the government not directly the baby boomer generation.

The-Joker

allthingsmustpass wrote: »

Id just like to add I enjoyed the fact that no-one disputed any of this, and yet still consistently claim that crashy time doesn't know what he's talking about.

Id also like to add since I won't be posting again for a long time that Im also enjoying the signs of capitulation I see in the posts here. Only now of course, they all pretend they don't care... despite posting crap here for months on end trying to prove they must be smart because they bought a house once. When the HPI ends, what meaning can they find in their lives? sad times ahead. :rotfl:

The perma prop bulls will not admit that property can only ever be in a bull market 100% of the time.

The real perma prop bulls seem to have thrown in the towel, but many former perma prop bulls are now flip flopping and saying they don't care anyway :rotfl:

ukcarper

The-Joker wrote: »

The perma prop bulls will not admit that property can only ever be in a bull market 100% of the time.

The real perma prop bulls seem to have thrown in the towel, but many former perma prop bulls are now flip flopping and saying they don't care anyway :rotfl:

I see you have been posting about prema prop bulls on lots of threads. Can you point to someone who is saying or has said prices only ever go up and never fall or are they just a figment of your imagination.

mayonnaise

The-Joker wrote: »

The real perma prop bulls seem to have thrown in the towel

Has your wife thrown in the towel also?

The-Joker wrote:

i said to my wife the big crash has been postponed another 5 yrs, she said you said that 5yrs ago

http://forums.moneysavingexpert.com/showpost.php?p=63013456&postcount=1063

That was 2013.

chucknorris

mayonnaise wrote: »

Has your wife thrown in the towel also?



http://forums.moneysavingexpert.com/showpost.php?p=63013456&postcount=1063

That was 2013.

Poor woman, imagine her pain?

westernpromise

Imagine being stuck with someone who insists on making you poorer.

Jack_Johnson_the_acorn

mayonnaise wrote: »

Has your wife thrown in the towel also?



http://forums.moneysavingexpert.com/showpost.php?p=63013456&postcount=1063

That was 2013.

Wow that's hilariously depressing. I think its the crash wishers arrogance and ignorance that makes them so comical.:o

Jack_Johnson_the_acorn

chucknorris wrote: »

Poor woman, imagine her pain?

In 2013 he predicted in 5 yrs time interest rates would be 8%+ and here we are 4yrs later at 0.25%. She must be so proud to live with such a genius.