Wow 50% here we come

lypsey

2.6% in ONE MONTH- houses are gonna crash and burn



http://www.bloomberg.com/apps/news?pid=20601087&sid=ahSczFENPM1E&refer=home

If last month was 2.6% , who wants a wager that this month with all the Northern Rock debacle etc could be a 3% drop

Let the bets begin

CB1979_2

where's the "yawn" icon?

let's hope everyone suffers just in time for xmas

:xmassign:

Generali

CB1979 wrote: »

let's hope everyone suffers just in time for xmas

Why would you suffer if house prices fall? Are you planning on selling?

LostSocks

I wish I didn't have to worry about house prices. But we are trying to buy a house and in this current climate, we can't even afford a shed. So, I'm hoping a house crash/correction is on the cards, because then we might be able to buy a house to go with the shed. :-)

Generali

CB1979 wrote: »

nope not at all, but the "ahahahahha let's all laugh at the idiotic thickos who deserve to be struck down with the plague, cos they're fuking stupid and mortgaged upto the hilt cos they're dumbfuks" brigade are getting a bit tiresome.

just don't understand why there needs to be 100 different threads all saying the same, usually with the same links in them too.

yeah questions/polls are all good, but it comes across as smugness to the other people.

life's too short, to be honest i couldn't care less what house prices do, perhaps it's the way i have my outlook on life or because i'm in quite a fortunate position have a house (granted still rented out) as well as quite a well paid job and quite a substantial bundle of cash so if the worst came to the worst I'd still be able to afford the repayments and/or buy another place.

obviously i'd be thinking differently if i'd remortgaged to enable me to go on a "once in a lifetime holiday" every year for the last 5 years (do people realise what once in a life time means! lol ) and have 3 kids in tow as well.

My poll isn't meant to be smug (if that's aimed at me). If the economy goes wrong, I'm going to be in a lot of trouble. As a City contractor, I'll be the first on the dole queue!

CB1979_2

nah sorry mate, not the poll at all, that is good imo cos you're actually getting people's opinion's and it's nice & easy to actually see the general consensus without trying to go through 100 different replies.

it's the other threads, hahahaha 50% price crash, you lot are gonna suffer type threads.

same as the hahahaha 50% price increase, you lot can't afford it type threads (even though i contributed to a few of them! lol)

MikeLondon_3

LostSocks wrote: »

I wish I didn't have to worry about house prices. But we are trying to buy a house and in this current climate, we can't even afford a shed. So, I'm hoping a house crash/correction is on the cards, because then we might be able to buy a house to go with the shed. :-)

Surely 1000's of people are going to be in your position, and they will all be waiting for a drop. But if there are loads of people waiting in the wings, won't they themselves force the price up.

The only thing I can imagine is that mortgage rates will go up, or multiples will go down, and then it will still be a massive stretch for people to buy property, even though the price will appear cheaper.

Unless of course, I've got it all entirely wrong.

dolce_vita

MikeLondon wrote: »

Surely 1000's of people are going to be in your position, and they will all be waiting for a drop. But if there are loads of people waiting in the wings, won't they themselves force the price up.

But when the tide turns not all of them will have the money available even if they do now.

And why buy today when next week you can buy something cheaper?

lypsey

CB
I hope that isn't aimed at me either

As I have explained before I was in negative equity for about 8 years in the last crash. If I can stop one youngster (maybe a few oldies as well) stepping onto the ladder today and being in the nightmare position I was in then I will be very very happy . we forget that Rightmove , Halifax and the media have drummed it into us that house prices ALWAYS go up . I know from experience that is wrong

I don't particaulairly care what happens to Northern Rock or Bradford and Bingley or Perssimon or Bovis because it is partly their greed that has driven this market.

I have never ever said hahaha because I know it will devestate peoples lives in the future , and not just adults but their children as well

CB , I apologise if this has come over wrong

MikeLondon_3

dolce_vita wrote: »

But when the tide turns not all of them will have the money available even if they do now.

And why buy today when next week you can buy something cheaper?

But if someone's prepared to lend you £10.00 now, and the item you want costs £10.00, you're laughing.

Next week, it may only be worth £6.00, (yay!!!!), but you may only be able to borrow £5.00, thus making it less affordable, despite being less expensive?

That make any sense at all?

nobblyned

Yeah, nothing to do with the fact that a greater number of the 4+ bedroom houses went on before the intro of HIPs, and a lesser number now.

Add more of a more expensive item into a mix, average price goes up, slow the flow of the more expensive item, average goes down.

Tells you nothing about the price of an average house however.