New builds - making an offer

Crashy_Time

ReadingTim wrote: »

There is too much invested in property, in every sense of the word, for that crash to realistically happen, no matter how much you want it.

If, in the unlikely event a "crash" does ever occur, I would suggest it's in response to something pretty catastrophic, and in which case, we'd probably all have far more serious things to worry about.

Yes, they said that about Dot.com as well, and Japan, they are still bumping along after a massive price crash, and they said it about London in the late 80`s, and NI more recently? The political consequences of not allowing property prices to correct are now too great, hence the tax attack on BTL and the media trumpeting CRASH at every opportunity . Making a bet that the PTB "have your back" by borrowing very large sums of money in this interest rate environment is not very sensible IMO, and the fact that the banks are now giving less and less people "large sums" is another red flag. DYOR.

Time2go

We gotn7.5k of ours but no carpets and free stamp duty and £1k of legals but plot is built and price we got it for was same as leahold ones across road and stamped duty limit was bargaining chip.

Crashy_Time

http://www.independent.co.uk/voices/housing-market-property-london-south-east-burst-bubble-inflation-home-owner-a7918556.html

ReadingTim

Crashy_Time wrote: »

http://www.independent.co.uk/voices/housing-market-property-london-south-east-burst-bubble-inflation-home-owner-a7918556.html

We can all find links to support what we're saying...

https://www.theguardian.com/money/2017/aug/29/house-price-crash-price-dublin-economy

Crashy_Time

ReadingTim wrote: »

We can all find links to support what we're saying...

https://www.theguardian.com/money/2017/aug/29/house-price-crash-price-dublin-economy

The point is though that the media are now positively revelling in CRASH stories, and a big section of the public now want it to crash, that is a massive difference from the raging HPI Go Bubble! years, no? Anyone thinking of stretching to get on the "ladder" should think twice IMO.

ReadingTim

Crashy_Time wrote: »

The point is though that the media are now positively revelling in CRASH stories, and a big section of the public now want it to crash, that is a massive difference from the raging HPI Go Bubble! years, no? Anyone thinking of stretching to get on the "ladder" should think twice IMO.

Its a slight change of emphasis from 'Go Bubble!' to 'Here's why it won't pop' and 'Careful what you wish for re. crash', in the same way as 'half empty' is a slight change of emphasis from 'half full'. The end result however, is still the same.

As I said, there's too much invested in property, metaphorically as well as literally, for that crash to realistically happen; and if it did, we'd probably all have far more serious things to worry about.

Crashy_Time

ReadingTim wrote: »

Its a slight change of emphasis from 'Go Bubble!' to 'Here's why it won't pop' and 'Careful what you wish for re. crash', in the same way as 'half empty' is a slight change of emphasis from 'half full'. The end result however, is still the same.

As I said, there's too much invested in property, metaphorically as well as literally, for that crash to realistically happen; and if it did, we'd probably all have far more serious things to worry about.

By who....?

ReadingTim

Crashy_Time wrote: »

By who....?

"The Government", "Politicians", "The Banksters", "the middle class" - pick an ill-defined bogeyman of choice.

Crashy_Time

ReadingTim wrote: »

"The Government", "Politicians", "The Banksters", "the middle class" - pick an ill-defined bogeyman of choice.

I can see three people there who would benefit from a nice big house price crash, can you spot the odd one out? The odds are no longer stacked for borrowing beyond your means I`m afraid