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Has the crash finally bugun?

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Comments

  • binay
    binay Posts: 20 Forumite
    Dont' think the market is going to CRASH though signs are towards stabilization after NR debacle .
    Problems occur with people who inspite of knowing what they cannot afford buy properties and then get them repossessed .
    Unlikey there would be another interest rate hike as it will be bad for the economy which is already slowed down.
    If you buy after researching there are still profits to be made though dont expect much CAPITAL GAIN in short term
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    binay wrote: »
    Dont' think the market is going to CRASH though signs are towards stabilization after NR debacle .
    Problems occur with people who inspite of knowing what they cannot afford buy properties and then get them repossessed .
    Unlikey there would be another interest rate hike as it will be bad for the economy which is already slowed down.
    If you buy after researching there are still profits to be made though dont expect much CAPITAL GAIN in short term

    someone care to translate this?
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    Not round our way, houses still selling across all price ranges and at stupid money.
    Also LL's charging more due to available property's.
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    pickles110564 wrote: »
    Not round our way, houses still selling across all price ranges and at stupid money.
    Also LL's charging more due to available property's.

    With interest rate cuts planned, where's it going to end?:eek:
  • LilMissEmmylou
    LilMissEmmylou Posts: 1,721 Forumite
    as somebody who wants on the ladder in a few yrs, i hope so, but if not ah well it will come at some stage :)
  • Jason74
    Jason74 Posts: 650 Forumite
    Has the crash finally bugun?

    Hmm . . . . .in short the answer to that question is no. There is a very real risk that there will be significant price falls in the near future. However that risk has not yet crystalised, and may not do so at all.

    So not yet, but it might happen soon. A bit like when this question was asked yesterday, last week, and last Month . . . . . . . . . . .
  • inmypocketnottheirs
    inmypocketnottheirs Posts: 4,745 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    crash crash crash crash. Rent rent rent.

    Sounds good to me.
    Don't lie, thieve, cheat or steal. The Government do not like the competition.
     The Lord Giveth and the Government Taketh Away.
     I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)
  • guppy
    guppy Posts: 1,084 Forumite
    Part of the Furniture Combo Breaker
    Terry_Tibs wrote: »
    3/4 years of stagnation, doomers will still be in rented waiting for the HPC, owners will remain happy.

    I'm not buying in to the stagnation/stabilisation theory. The housing market has never flatlined for any great length of time since the 1970s. Its always been boom and bust.

    I'm not sure this time can be any different. Especially when so many people are skeptical about the current high prices. I wouldn't be so bold as to predict a crash though.
  • inmypocketnottheirs
    inmypocketnottheirs Posts: 4,745 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Common sense prevails. All those who predict a crash have not lived through the same period as we have I guess.
    Don't lie, thieve, cheat or steal. The Government do not like the competition.
     The Lord Giveth and the Government Taketh Away.
     I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    bugun...it's actually a type of bird you know, wouldn't believe that would you..:confused:
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