Market state for selling

buggy_boy

Crashy_Time wrote: »

I called Brexit on the HPC forum, Trump on the debate forum here, and said that if interest rates start rising the UK property market will start a crashin`

You must be right then, how long have you been saying the property market will crash?

caronoel

buggy_boy wrote: »

You must be right then, how long have you been saying the property market will crash?

Crash moved into rented rooms in thr mid 90s, waiting for the crash that never came.

Now he's single, still renting and in his mid 50s. What a catch for the ladies!

Crashy_Time

buggy_boy wrote: »

You must be right then, how long have you been saying the property market will crash?

You seem oblivious to the massive political and social upheaval that has resulted from bailing debt holders out for far too long, who would have called Brexit and Trump in 2008 without being laughed out of the room? The housing market is a side show now, although you could say that in effect it has already crashed because it is not working as a market should in many parts of the country, price discovery needs higher interest rates though

Brock_and_Roll

Interesting comments from Mark Carney today - interpreted that interest rates need to rise faster and harder, possible 3 rises in 2018.


Obviously nothing like the bad old days when rates moved 1% at a time, but of course asset prices are a function of the cost of money so at the very least, making money more expensive will let more air out of the balloon.

Beardmidget

Today’s announcement seems just as likely to put a bit of heat under the market as buyers look to lock in fixed rate deals now. Then who actually knows what happens in May. Talk can be pretty expensive...

buggy_boy

Crashy_Time wrote: »

You seem oblivious to the massive political and social upheaval that has resulted from bailing debt holders out for far too long, who would have called Brexit and Trump in 2008 without being laughed out of the room? The housing market is a side show now, although you could say that in effect it has already crashed because it is not working as a market should in many parts of the country, price discovery needs higher interest rates though

Brexit and Trump were a victory for the silent majority, just like Corbyn will flop given a half decent opponent.. Yes interest rates will need to move up, but banks already stress test people to a much higher interest rate. Seeing interest rates move to around 3% over the next 4-5 years will not see the kind of pressure on housing to cause a crash that you so desperately want.

buggy_boy

Beardmidget wrote: »

Today’s announcement seems just as likely to put a bit of heat under the market as buyers look to lock in fixed rate deals now. Then who actually knows what happens in May. Talk can be pretty expensive...

He has been talking up rates for ages, everyone knows rates will go back up slowly but he is trying to warn people so they are prepared... Ironically those that need to listen the most are likely to be those that listen the least.

Crashy_Time

Brock_and_Roll wrote: »

Interesting comments from Mark Carney today - interpreted that interest rates need to rise faster and harder, possible 3 rises in 2018.


Obviously nothing like the bad old days when rates moved 1% at a time, but of course asset prices are a function of the cost of money so at the very least, making money more expensive will let more air out of the balloon.

Yep.......

Crashy_Time

Brock_and_Roll wrote: »

Interesting comments from Mark Carney today - interpreted that interest rates need to rise faster and harder, possible 3 rises in 2018.


Obviously nothing like the bad old days when rates moved 1% at a time, but of course asset prices are a function of the cost of money so at the very least, making money more expensive will let more air out of the balloon.

https://www.cnbc.com/2018/02/16/bonds-are-entering-a-rising-rates-cycle-for-the-first-time-since-the-1940s.html

caronoel

Crashy_Time wrote: »

The price is just silly for what it is, sorry.

Ignore the rantings of Crashy.

He sold up and moved into a rented room in the mid 90s, waiting for the crash that never came.

Now he's single, still renting and in his mid 50s. What a catch for the ladies!

He has stopped posting on the Debate house prices board, as they rip him to pieces