Media Is Now Predicting A Massive 40% Property Price Crash

Bossypants

patel007 wrote: »

A bit forward but I will try and OT but relevant to this topic - so many decent/agreeable posts but not a single thank you to the op, not cricket, is it.

Whining about the lack of thanks, did this place turn into Reddit while I was away?

If you don't feel we're being sufficiently grateful for your 'news', maybe you should consider taking it to a different forum. I'm sure the good people at that HPC place would welcome you with open arms.

Mickygg

Hahahaha an article from daily mail that someone takes seriously. Oh dear.

All we need now is Crashy time to post on here (im surprised he hasnt already) and you have two of the worst predictors known to man in one thread.

seashore22

Mickygg wrote: »

Hahahaha an article from daily mail that someone takes seriously. Oh dear.

All we need now is Crashy time to post on here (im surprised he hasnt already) and you have two of the worst predictors known to man in one thread.

I was just thinking about crashy and how much he and patel have in common. It's a match made in heaven.

AdrianC

seashore22 wrote: »

I was just thinking about crashy and how much he and patel have in common. It's a match made in heaven.

Maybe Crashy's been banned, and he's got another user ID out?

katebl

Koldweather1 wrote: »

I seem to recall equally large doomsday reports in the 2008 crash, and sure the prices did go down a reasonable amount, but It wasn't much of a crash in the end, probably HtB and a gradual loosening of money by the central banks nipped it in the bud before it got into the 90s type drop.

It wasn't nipped in the bud though, it was just kicking the can down the road... QE, HTB, emergency interest rates for 10 years... All props to prevent the crash becoming more than a dip. Looking closely at the stats there was no great recovery, just a massive injection of debt to give the illusion of normality

DaftyDuck

AdrianC wrote: »

Maybe Crashy's been banned, and he's got another user ID out?

Unlikely to be Trashy. He may be wrong, but he presents a well-written, albeit erroneous, case to go with his tripe.

Oh, and Trashy has never started a thread of his own, I believe. Never bought a house through fear of a price crash either.....

Davesnave

Crashy is far too polite to be banned, or ask for thanks.

forvar

SuboJvR wrote: »

Although this isn't the proper place for the discussion I would like to offer another media based counterpoint to hopefully balance the thread, which hopefully demonstrates that still, no one knows for sure, and the media relies on sensationalist headlines to sell papers.

The Telegraph is massively pro landlord and property so maybe not the greatest counterpoint. Not really sure why. I imagine they could be involved in the business. (DM group owns Zoopla for example).

Anecdotally I've seen a huge slump in the South East. High prices being advertised but sellers struggling to find buyers and then settling for lower offers. Prices have gone so far out of whack for ordinary people and first time buyers, imo people just can't afford to get a deposit together or move up the ladder.

Tiners

katebl wrote: »

It wasn't nipped in the bud though, it was just kicking the can down the road... QE, HTB, emergency interest rates for 10 years... All props to prevent the crash becoming more than a dip. Looking closely at the stats there was no great recovery, just a massive injection of debt to give the illusion of normality

Perfectly summarised, but the HPI forever crowd and the over leveraged don't understand/don't want to hear such a sensible and accurate assessment of the current property market.

00ec25

forvar wrote: »

Anecdotally I've seen a huge slump in the South East. High prices being advertised but sellers struggling to find buyers and then settling for lower offers. Prices have gone so far out of whack for ordinary people and first time buyers, imo people just can't afford to get a deposit together or move up the ladder.

agreed, an adjustment is (almost) inevitable for the basic reason you state, few real people can continue to support expanding the bubble. However, that is very far from "predicting" a 40% crash.