Media Is Now Predicting A Massive 40% Property Price Crash

kinger101

BobQ wrote: »

As a Mail reader you must have seen these silly stories every other month?

But do house price rises kill or cause cancer?

AdrianC

BobQ wrote: »

Your link goes to the board on which the OP has posted. So I do not see your point.

The thread's been moved from the normal MSE house buying/selling/renting forum.

Aberdeenangarse

patel007 wrote: »

so many decent/agreeable posts but not a single thank you to the op, not cricket, is it.

So many boring / repedative posts, I'm not surprised. Have you. ever thought of posting your junk on mumsnet instead? If it's cricket you're after sign up with the Barmyarmy, as you seem well suited.

Out,_Vile_Jelly

patel007 wrote: »

True re "desirable" but once the crash comes, they too will be affected. Price crashes usally start with sall aprtments, then it snowballs.

But people still have to live somewhere, and people keep having kids. There are many more people wanting to live in London than there are properties available. At present desperate people are paying stupid money for poky little flats in "vibrant, up and coming" areas. If prices fall, they look at what nicer properties they can get for their money, and the decent house in the decent area has an extra pool of potential buyers.

lisyloo

If prices fall, they look at what nicer properties they can get

But would most buy if they think it will be cheaper in 6 months or they could get more/better location?


Some with an imminent need (2nd child arriving, horrendous commute) might, but I think most who can tolerate their current circumstances would wait. This is why markets overshoot.

Filo25

BobQ wrote: »

Unless you are trading up by a large amount if this were to happen the price of your house would fall like the one you want to buy.

If that kind of price fall occurred most owners would stay put if they could so there will be a shortage of houses to buy. There will be some houses at absurd prices (including probably yours) that nobody bothers to view. Houses would still sell at the new market rate including yours.

As a Mail reader you must have seen these silly stories every other month?

It seems to me that what you are really saying that you cannot afford to buy the house you want so are waiting till you can. There is probably someone else wanting to buy a house like yours thinking the same. Meanwhile we are not building houses.

We'll be building even less if the market turns decisively as well

bobbymotors

There will be no crash.

There might be a small to medium correction of 20% or less...it happens: but look again in 10 years time, they will all have gone up again by 50% or so.

We are an island. They can't make any more ground, and lots of people want to live here. Over time, the only way is up.

Even in a slow market, a nice place in a nice road will always sell. It's the not so nice places in not so nice roads that won't sell.

Crashy_Time

bobbymotors wrote: »

There will be no crash.

There might be a small to medium correction of 20% or less...it happens: but look again in 10 years time, they will all have gone up again by 50% or so.

We are an island. They can't make any more ground, and lots of people want to live here. Over time, the only way is up.

Even in a slow market, a nice place in a nice road will always sell. It's the not so nice places in not so nice roads that won't sell.

Yep, if you discount the price enough.


http://www.chroniclelive.co.uk/news/north-east-news/disgraced-footballer-adam-johnson-sells-13272485

AdrianC

Crashy_Time wrote: »

Yep, if you discount the price enough.

http://www.chroniclelive.co.uk/news/north-east-news/disgraced-footballer-adam-johnson-sells-13272485

You don't think that there may be at LEAST as much of a problem there due to the reason for sale...?

Crashy_Time

bobbymotors wrote: »

There will be no crash.

There might be a small to medium correction of 20% or less...it happens: but look again in 10 years time, they will all have gone up again by 50% or so.

We are an island. They can't make any more ground, and lots of people want to live here. Over time, the only way is up.

Even in a slow market, a nice place in a nice road will always sell. It's the not so nice places in not so nice roads that won't sell.

http://www.bbc.co.uk/news/uk-18623096


Bubble prices are credit driven, nothing else.