HIPs causing house price fall

Generali

dannyboycey wrote: »

With all due respect (and I mean that) - That sounds like a comment from someone with a vested interest in continued HPI.

However, time will tell - we'll have to keep an eye on the land registry figures over the next few months.

Nope! I don't own a house (I'm off to Oz in a couple of years, max) nor am I an estate agent (heaven forbid). I work for an investment bank as a contractor in equities. I should do ok whatever happens, within reason.

My main point is that, whilst I believe that we have seen the mother of all asset price bubbles, it's not HIPs or even necessarily the credit crunch that will end it. It'll just end.

Take 1929 as a good example of a massive bubble ending. Nothing caused it. It's arguable whether any subsequent policy even extended the pain. One day shares in the US were worth $X The next day they were worth $X-0.01.

Read 'The Great Crash: 1929' by JK Galbraith for a very readable (and short) book on the subject.

ivegotabig1

Hips may be one of the reasons..however the fact that property is just sooo overvalued is likely the main reason, that & the end of almost limitless credit spell challenging times ahead !!! The bottom line is this..the property bull run is OVER !!! period ...