House Price Crash Discussion Thread

brit1234

subjecttocontract wrote: »

Mervyn King sees a flat property market for the next 4 years .....which is better than a significant price drop.....

http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=430364&in_page_id=57&ct=5

Forgive me if I missed something but the same article say he said this:

"Property owners should brace themselves for the possibility of falling prices and not expect their homes to rise substantially in the medium term.":beer:

Generali

brit1234 wrote: »

possibility of falling prices

Contrary to popular opinion (on these boards) King is not an idiot. He knows that there are a range of possible outcomes for any future event. His point is that, in his opinion, the most likely outcome is that house prices will be flat over the next 4 years but they might fall or even rise. From previous pronouncements I think that he thinks that the 3rd possible outcome is the least likely.

I think that house prices are more likely to fall that stay static but I am realistic enough to see that I am capable of being wrong.

Thali

Does this:

http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article3373610.ece

change everything now? Now crash or if so, "just" with a super soft landing?

"Signs of life are re-emerging in the property market as it prepares to enter the spring buying season, as agents herald the return of bargain-hunting first-time buyers and City professionals with bonus cash to spend.
...

He (King) said: “The return of buyers, and particularly first-time buyers, early in 2008 marks a significant change in the fortunes of the market. ...
He said: “Buy-to-let investors are opportunists and they are looking at repossessions with interest. There are loads of people going to viewings."

IMO it depends very much where you live to be affected by the crash - UK vs. London, Greater London (Surrey, Kent) vs. "London London", Fulham vs. where the 17+ teenage murders happened

John_Pierpoint

I've had a spam email inviting me to a three day fest of Property !!!!!!.
The ticket is free, I even get a free guide to the knowledge.

This must be a huge industry, that was virtually non existent 15 years ago.

This year it is free and they are asking me, they must be desperate.
Actually like most !!!!!! it is not really free, you have to pay for the hard core stuff and it costs 7 GBP a session.

I've posted the first page of services on offer below. Which of these do you fancy, or do you think are complete flights of fancy?

In fairness to the organisers they offer all sorts of world wide lovelies.
Here they are in alphabetical order:
Australia, Brazil, Bulgaria, Cape Verde, Canada, Cyprus, Dominican Republic, Dubai, Egypt, Finland, France, Hungary, Italy, Montenegro, Morocco, New Zealand, Panama, Portugal, Romania, S.Africa, Spain, Thailand, Turkey, UAE, USA.

On the first day. a Friday, presumably the day for professionals not punters, a panel of experts will debate “Is the UK buy-to-let sector facing its Armageddon?”
led by Richard Bowser (Editor, Property Investor News).

Pass my long "Macintosh" with the big lapels, I just can't wait.

John.

How To Regularly Source Bargain Property Deals 30% Below Market Value To Build A Bullet-Proof, Income Producing Property Portfolio In 2008
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Why Now is Such a Fantastic Time to Buy at Auction
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How to create wealth through property investment
The Essential Guide to Investing in Poland
Secrets Of No Money Down Deals In the Current Marketplace, 2008
How you can make money from property in a stagnant or declining market
How To Build A £1,000,000 Property Portfolio Producing An Annual Income Of £50,000, In Just 12 Months… Starting Today !!!
20-20 Vision: How to profit from investment in property in the next 12 years
Buy-to-Let Finance post-Credit Crunch
Build a £million property portfolio without using any of your own money
"Discover How A 26-Year-Old Ex Forklift Driver Makes Over £35,748.18 Per Month In Property, Using This Proven, Easy-To-Follow, Step-By-Step System."
Why Panama?
'The 7 Biggest Mistakes Made By Novice Property Investors and How To Avoid Them'
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How To Buy An Unlimited Number Of Properties Without Using Any Of Your Own Money
"Gulf Opportunity Zone" – the “Must Review” US Investment Opportunity
Credit Crunch Opportunities and How To Capitalise On Them
“Is the UK buy-to-let sector facing its Armageddon?”
Make Money by Bridging
How to protect yourself against currency volatility
"Discover The Unique System I'm Using To Consistently Source Two Repossessed Properties A Week Without Talking To Any Estate Agents Or Visiting A Single Auction"
Pensions in Property
How to calculate a property’s true value – and buy it at a discount!
Investing in Commercial Property: Successful Strategies for the Private Investor in 2008
The Best Practise Checklist when Making an Overseas Property Investment
How To Regularly Source Bargain Property Deals 30% Below Market Value To Build A Bullet-Proof, Income Producing Property Portfolio In 2008
What type of property will show both capital and rental growth over the next 5 -10 years?
30 Things you MUST know before Investing in Property Abroad
How Anyone Can Use The Internet To Locate Property Hotspots For Quick Profit (In Less Than One Day)
Buying in Eastern Europe – The Head or the Heart
How Not To Fall Foul of The Tax Man (UK themed session)
Ways of getting onto the property ladder (Homebuyer)
30 Things you MUST know before Investing in Property Abroad
How To Buy An Unlimited Number Of Properties Without Using Any Of Your Own Money
Why Now is such a Fantastic Time to Buy at Auction
Great Deal or Dead Dog? How to spot the best deals and what to avoid like the plague

brit1234

John_Pierpoint wrote: »

I've had a spam email inviting me to a three day fest of Property !!!!!!.
The ticket is free, I even get a free guide to the knowledge.

This must be a huge industry, that was virtually non existent 15 years ago.

This year it is free and they are asking me, they must be desperate.
Actually like most !!!!!! it is not really free, you have to pay for the hard core stuff and it costs 7 GBP a session.

I've posted the first page of services on offer below. Which of these do you fancy, or do you think are complete flights of fancy?

In fairness to the organisers they offer all sorts of world wide lovelies.
Here they are in alphabetical order:
Australia, Brazil, Bulgaria, Cape Verde, Canada, Cyprus, Dominican Republic, Dubai, Egypt, Finland, France, Hungary, Italy, Montenegro, Morocco, New Zealand, Panama, Portugal, Romania, S.Africa, Spain, Thailand, Turkey, UAE, USA.

On the first day. a Friday, presumably the day for professionals not punters, a panel of experts will debate “Is the UK buy-to-let sector facing its Armageddon?”
led by Richard Bowser (Editor, Property Investor News).

Pass my long "Macintosh" with the big lapels, I just can't wait.

John.

How To Regularly Source Bargain Property Deals 30% Below Market Value To Build A Bullet-Proof, Income Producing Property Portfolio In 2008
80% Will Fail to Get the Right Advice - Top 20 Tips in Tax, Accounts, & Finance
Dealing with Tenants From Hell
Why Now is Such a Fantastic Time to Buy at Auction
How Anyone Can Use The Internet To Locate Property Hotspots For Quick Profit (In Less Than One Day)
How to create wealth through property investment
The Essential Guide to Investing in Poland
Secrets Of No Money Down Deals In the Current Marketplace, 2008
How you can make money from property in a stagnant or declining market
How To Build A £1,000,000 Property Portfolio Producing An Annual Income Of £50,000, In Just 12 Months… Starting Today !!!
20-20 Vision: How to profit from investment in property in the next 12 years
Buy-to-Let Finance post-Credit Crunch
Build a £million property portfolio without using any of your own money
"Discover How A 26-Year-Old Ex Forklift Driver Makes Over £35,748.18 Per Month In Property, Using This Proven, Easy-To-Follow, Step-By-Step System."
Why Panama?
'The 7 Biggest Mistakes Made By Novice Property Investors and How To Avoid Them'
Is there a Bubble Developing in the Eastern European Property Markets?
How To Buy An Unlimited Number Of Properties Without Using Any Of Your Own Money
"Gulf Opportunity Zone" – the “Must Review” US Investment Opportunity
Credit Crunch Opportunities and How To Capitalise On Them
“Is the UK buy-to-let sector facing its Armageddon?”
Make Money by Bridging
How to protect yourself against currency volatility
"Discover The Unique System I'm Using To Consistently Source Two Repossessed Properties A Week Without Talking To Any Estate Agents Or Visiting A Single Auction"
Pensions in Property
How to calculate a property’s true value – and buy it at a discount!
Investing in Commercial Property: Successful Strategies for the Private Investor in 2008
The Best Practise Checklist when Making an Overseas Property Investment
How To Regularly Source Bargain Property Deals 30% Below Market Value To Build A Bullet-Proof, Income Producing Property Portfolio In 2008
What type of property will show both capital and rental growth over the next 5 -10 years?
30 Things you MUST know before Investing in Property Abroad
How Anyone Can Use The Internet To Locate Property Hotspots For Quick Profit (In Less Than One Day)
Buying in Eastern Europe – The Head or the Heart
How Not To Fall Foul of The Tax Man (UK themed session)
Ways of getting onto the property ladder (Homebuyer)
30 Things you MUST know before Investing in Property Abroad
How To Buy An Unlimited Number Of Properties Without Using Any Of Your Own Money
Why Now is such a Fantastic Time to Buy at Auction
Great Deal or Dead Dog? How to spot the best deals and what to avoid like the plague

Hi
Can you put up the date and location of the event please. I think it will be good for a laugh.

John_Pierpoint

Thali wrote: »

Does this:

http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article3373610.ece

change everything now?
...

I loved the have-your-say remark immediately below the article:
Another attempt at reviving a dead donkey!!
You must be even more desparate to bring in the money from your advertisers Judith.
I wonder if we will find it censored if we check back next week?

brit1234 wrote: »

Hi
Can you put up the date and location of the event please. I think it will be good for a laugh.

Here is the offer:
http://www.homebuyer.co.uk/register.asp?pc=visprom2offer

TTFN
I need a cold shower.
John.

neverdespairgirl

adr0ck wrote: »

ive posted loads of times that i believe prices are coming down

i just don't believe that we'll see 20%+ falls

but as i keep saying all my comments exclude flats

There have already been falls of about half that - prices in my borough (Camden) fell almost 10% in the last quarter.

wolvoman

neverdespairgirl wrote: »

There have already been falls of about half that - prices in my borough (Camden) fell almost 10% in the last quarter.

Do you have a link to that?
And are you talking about asking prices or selling prices?

boinging_2

wolvoman wrote: »

Do you have a link to that?
And are you talking about asking prices or selling prices?

Take a look at the rightmove reports.

Luckno7

Interest only mortgages eh, what a stupid concept.