can someone please explain what 50% fall would mean

SquatNow

BTL empires are usually built on debt. If they try and sell it will take then years to unravell the MEWS. If they hold on they'll be in negative equity in 6 months.

I'll be laughing as their empires are reposessed along with their homes, cars, tvs, and anything else the bailifs can carry.

sm9ai

Lets be honest here, prices will fall 50%.

The press will report it and therefore it will happen.

But what does this mean. Well will a four bed house currently £200k be £100k. Extremely unlikely.

Will a newbuild flat (or apartment) 2 or 3 bed priced at £250k (with little to no parking, not near a train station and in a town where the average wage is £20k) drop to £125k. Most Likely.

In fact in Colchester where I live flats like these have already fallen 30% before all the Northern Rock stuff kicked off.


So there you go, 50% prices falls is extremely likely if prices do downturn, but this will be for overpriced new build flats, not necessarily for older 3-4 bed houses.

before_hollywood

pickles110564 wrote: »

Nelly feeling sick now? All you Red talk trying to worry people aint going to pay off all us BTL's are rejoicing bring on at least another 10% Rise in house prices in the next year and we can glow in our little empires

house prices are increasingly going out of reach and falsley inflated, i hope you never have to try and sell your ''little empire'' cos no-one will be able to buy it or be able to sell their own house, its only worth what someone will pay, so when you are stuck with stuff you can't sell i will be laughing at you

<- like that