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Where's Your Crash?
spurs_nut
Posts: 329 Forumite
Still round the corner?
LMAO, you muppets.
6 years and counting.
LMAO, you muppets.
6 years and counting.
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Comments
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idiot, it will be here and when it does I will laugh in your face, even if it's in another 10 years I would've been right all along! haha back at ya
oh sorry thought i had logged in as someone else then
good news is that old Brown ain't calling an election just yet, so he'll keep the feeding the fire for another year or so, just in time for my fixed policy to end.
sell up and travel the world! lol
oh and by the way spurs are doing well, another thing that was lied about (spurs breaking the top 4 ) - and that's from me a spurs fan too! 
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As someone who has prescribed to the correction theory for ~18 months. I would assert it is here now and that it will become more and more evident in a relentless slide for the next three years.
If you mean where's the CRASH, ie. a 50% drop in house prices overnight - won't happen. Now run along, it is after all, school in morning.anger, denial, acceptance0 -
Still round the corner?
LMAO, you muppets.
6 years and counting.
Oooh another person who has obviously something to fear from a property crash.
How long do you think it takes for a crash to play out and gather speed? Not a few months YOU MUPPET.
Come back on here in 12 months time and I guess you will be laughing on the other side of your smug face...0 -
izzybusy23 wrote: »Oooh another person who has obviously something to fear from a property crash.
How long do you think it takes for a crash to play out and gather speed? Not a few months YOU MUPPET.
Come back on here in 12 months time and I guess you will be laughing on the other side of your smug face...
in fairness though, people have been saying this for YEARS, so i'm sure a similar thread would no doubt have been posted last year and the year before and the year before that 0 -
in fairness though, people have been saying this for YEARS, so i'm sure a similar thread would no doubt have been posted last year and the year before and the year before that
Fair play, but last year and the year before that, we didn't have the NR fiasco and a mass credit crunch and interest rates rising, did we? 0 -
correct - so it's more likely now, but no more definite though
but with (some) people expecting IR's to start coming down & NR being sorted out, there's only the little problem of the credit crunch, which no doubt the pm will sort out.
oh and with Gordon Brown, bottling it i just can't see him funking up before he decides to call an election, so hopefully he'll keep it going for another year or so 0 -
izzybusy23 wrote: »Fair play, but last year and the year before that, we didn't have the NR fiasco and a mass credit crunch and interest rates rising, did we?
Exactly before it was all based on it's got to drop at some point because it always does, and now it will, because all of the points you mention above have changed in the last year.In Progress!!!0 -
Still round the corner?
LMAO, you muppets.
6 years and counting.
No one really knows where the housing market is going but common sense suggests that you may have spoken too early.
Recognising a crash
Crashes are not always easy to see at the time. There are two reasons for this. Firstly house transactions are slow to sell and people are apt to hold out for the best price. For this reason how crashes tend to happen in slow motion. Secondly, the most useful market data is held by estate agents and lenders. For obvious reasons they are keen to manage the news. If you look for them however, there are however tell tale signs. During the early stages of a crash buyers become much harder to find and the occurance of failed transactions increases. Auctions also see big discounts and higher percentages of unsold properties.
Causes of crashes
Rising unemployment
Tightening of credit
House prices too high
Change in sentiment
Higher taxes
Falling disposable incomes0
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