House Price Crash Discussion Thread

Doc_N

Lenders withdraw mortgage deals



UK lenders have withdrawn 40% of their mortgage deals in the past three months, according to the financial information company Moneyfacts. Most of that has been due to the collapse of the market for sub-prime mortgages, with 54% of those policies being taken off the shelves.


The rest of the article:


http://news.bbc.co.uk/1/hi/business/7048592.stm

At last sensible lending criteria return to the market, which is already reducing the flow of money into the market and causing prices to start falling.

poppy10_2

This is what AskAboutMoney did over in Ireland...

Turnbull2000

Has somebody been whining again? I see 'crash' has been replaced with 'prices' in the subject. Kinda defeats the point, when the forum itself is called 'House Buying, Renting, Selling & Prices'.

A single sticky will prevent market discussions diversifying. If you wish to avoid upsetting those who wish to talk the market up, at least provide a sub-forum - something a bit more practical.

Truly pathetic.

BettiePage

Long live free speech!


Ooops, sorry! Wrong site! :rolleyes:

firsttimetom

Can you clarify a couple of points OP:

1. Are people still allowed to post Land reg figures etc (e.g Rightmove says asking prices down 2.6% for thid month running)??

2. If a crash does happen and when house prices start to rise again, will all the 'My house has gone up 15% in 2 years!!!' and all house price INCREASE threads be erged into one or deleted? Only seems fair that they are.

Turnbull2000

Obviously MSE have little faith in their users to formulate their own opinions and conclusions. Let's just wrap them in cotton wool instead and ignore the dangerously* unbalanced market as a whole.

Poppy is right. This is direction AskAboutMoney took. So like AAM, do the mods and administrators here have a personal interest in maintaining over-valuations?

*In the view of those perpetual doommongers at the International Monetary Fund.

tr3mor

divadee wrote: »

A sub board is not really a requirement for this subject, if it was where do you stop? a sub board for buying, selling, renting, BT, crashing, rising markets etc...

Sub boards for Buying/Selling, Renting and Markets would be a good idea.

If someone is looking for buying advice why do they want to use a forum "cluttered up" with people whinging about landlords?

BTman

It seems my thread was closed..
There's nothing I can add to the above few posts.
So it's fine to talk up the market, but not down?
Maybe this has something to do with Martins growing attachment to the BBC.

Doozergirl

I think there is too much discussion for this to be limited to a single thread.

A wedding is a special occassion perhaps just bigger than many, so it has it's own subforum. It doesn't mean that every special occassion needs it's own subforum, just perhaps the more popular ones

What concerns me about some of the threads on the mai board is that there is a camaraderie (I don't know how else to explain the constant ribbing!!) which might exclude new posters. Also they might wonder why no-one can be bothered to argue with lypsey when they tell us for the 136th time that the crash will be 50%, maybe more.

mystic_trev

Britain is facing the prospect of house price declines as severe as those suffered in the US following the crisis in the sub-prime mortgage lending, the International Monetary Fund has warned.

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=R3BZQWYHFS5ZRQFIQMGSFFWAVCBQWIV0?xml=/money/2007/10/17/bcnimf217.xml