Fears: "Massive global property crash"

Zxcv_Bnm

Crashy_Time wrote: »

Actually I think one of the big drivers against remote working is office politics, if you are tapping away at the keyboard out in the sticks the people in the office could be plotting/undermining/slagging or over-looking you in some way, I think many people are so fearful of losing their position that they attach themselves to the office to look productive and to keep a general eye/ear on things that may affect their own position.

Possible.

Also there is the factor that at home, without interruptions, I can do a day's work in 3 hours, and a week's in 2 days. Management correctly figures that "working from home" = "not working" so don't like it anyway but would probably sanction it as long as I took a 60% pay cut.

Of course I'd then go and get either 1.5 more jobs or more likely an employer who'll contract me at 250% of the rate...

Zxcv_Bnm

Crashy_Time wrote: »

The main point though, IMO, is what were the drivers that pumped up prices to where they are, and are they sustainable, IMO that was cheap credit and the sentiment of ever increasing HPI becoming the norm.

Not convinced. Credit is as cheap in Blackburn as in Blackheath so why hasn't Blackburn gone up like Blackheath? Because nobody wants to live in Blackburn.

That says that something other than cheap credit has pushed London / SE prices up. Take away the cheap credit and you'd only go back to whatever prices were in 2009. Except that in real terms today, and given that the SE is now looking cheap to people buying in dollars, euros and renmimbi, they'd go back to more than 2009 even then.

The losers by this aren't people who are 60 and who bought in 1980. The losers are FTBs who bought inside the last 3 or 4 years.

Zxcv_Bnm

Srgur wrote: »

Surely we're not interested in those who may lose their many properties similar to how they're not interested in those who are struggling to even get on the ladder. 'I'm alright Jack' That's the reality right?

You say that as though people who own houses have deliberately done something bad to do you down. All they've done for the most part is bought a house and used it as a house. If its price has gone thats because people like you kept offering more and more!

You should be angry with buyers not sellers. What could homeowners do to make you happy? Sell you their house at the 1985 price?

Srgur

You say that as though people who own houses have deliberately done something bad to do you down. All they've done for the most part is bought a house and used it as a house. If its price has gone thats because people like you kept offering more and more!

You should be angry with buyers not sellers. What could homeowners do to make you happy? Sell you their house at the 1985 price?

You're right, it was meant to be a provocative general statement, a devils advocate if you like, meant to create challenge or agreement. Your point is a good one and indeed demand pumps up the price. Anger shouldn't be directed at buyers or sellers IMO - there is no benefit.

If you do hear of anyone selling at 1985 prices though, pop it on this forum so we can bid it up to current prices and beyond.:o