House Price Crash Discussion Thread

mr.broderick

Austin_Allegro wrote: »

...although in just the past year or so we've had the collapse of the US, Irish and Spanish housing markets, a run on, and subsequent collapse of, a major bank in the UK, the collapse of a major US bank, the withdrawal of all 125% mortgages and most 100% mortgages, a collapse in the prices of city centre new builds, the selling off of a major estate agency chain (Foxton's) and the closing of many others, increases in fuel and commodity prices, the closing of Inside Track seminars, public sectoring borrowing and private debt soaring to unprecedented levels, more immigrants going home than entering the UK, banks refusing to lend to each other or buy debt, the highest tax burden in history, the pound at its lowest level for years, the US heading for recession and even the Prime Minister warning there are tough times ahead.

But look on the bright side eh? Maybe there'll be a 'spring bounce' and house prices will keep on rising. :rolleyes:

Noone said it was the bright side but this outcome cannot be ruled out or are you definitely saying we will see a correction?

WTF?_2

mr.broderick wrote: »

Noone said it was the bright side but this outcome cannot be ruled out or are you definitely saying we will see a correction?

Time to put your cards on the table - do you honestly believe that housing is a good bet right now or are you just trolling for some attention?

Lotus-eater

Austin_Allegro wrote: »

...although in just the past year or so we've had the collapse of the US, Irish and Spanish housing markets, a run on, and subsequent collapse of, a major bank in the UK, the collapse of a major US bank, the withdrawal of all 125% mortgages and most 100% mortgages, a collapse in the prices of city centre new builds, the selling off of a major estate agency chain (Foxton's) and the closing of many others, increases in fuel and commodity prices, the closing of Inside Track seminars, public sectoring borrowing and private debt soaring to unprecedented levels, more immigrants going home than entering the UK, banks refusing to lend to each other or buy debt, the highest tax burden in history, the pound at its lowest level for years, the US heading for recession and even the Prime Minister warning there are tough times ahead.

Yeah, but as someone said to me the other day, thats all nothing to do with houses :rotfl:

mr.broderick

!!!!!!? wrote: »

Time to put your cards on the table - do you honestly believe that housing is a good bet right now or are you just trolling for some attention?

I guess by trolling you are defining that as someone who doesn't agree with what you think. There are a lot of trollers on here i for 1 are certainly not one of them, i hope we get a crash as it would suit me but i dont constantly post doom and gloom in hope i influence the market. I dont associate homes with betting as i am married with 3 children and like the security of owning my home and i guess by your constant talking down of the market you want it to reach a level where you too can buy that security? You know i'm right !!!!!!....

mr.broderick

Lotus-eater wrote: »

Yeah, but as someone said to me the other day, thats all nothing to do with houses :rotfl:

Believe it or ot there's an ounce of truth in that, houses are influenced by sentiment which cannot be priced like the ftse.

Lotus-eater

mr.broderick wrote: »

Believe it or not there's an ounce of truth in that, houses are influenced by sentiment which cannot be priced like the ftse.

That is very true of course.

It makes absolutely no difference to me if the market crashes or soars, I'm not really bothered personally. It would be better for the country as a whole if they came down alot I think, but if they will or not I really don't know. I just do remember the late 80's crash and its that that keeps me believing there will be a fall in prices.

Austin_Allegro

mr.broderick wrote: »

Noone said it was the bright side but this outcome cannot be ruled out or are you definitely saying we will see a correction?

Nobody can predict the future - except Mystic Meg. :rolleyes:

In her absence, all I will say is, looking at all the economic examples I posted, being as impartial as you can, do you really think it is likely the housing market in the UK will experience some sort of revival this spring? Could you come up with a comparable list of opposing arguments?

Anything's possible. Elvis could be found driving a Routemaster bus at the North Pole - but a 'spring bounce' is not something I would want to put money on.

WTF?_2

mr.broderick wrote: »

I guess by trolling you are defining that as someone who doesn't agree with what you think. There are a lot of trollers on here i for 1 are certainly not one of them, i hope we get a crash as it would suit me but i dont constantly post doom and gloom in hope i influence the market. I dont associate homes with betting as i am married with 3 children and like the security of owning my home and i guess by your constant talking down of the market you want it to reach a level where you too can buy that security? You know i'm right !!!!!!....

Still continuing with the delusion that anyone calling it as they are seeing it is somehow trying to 'talk down the market' I see :rolleyes:

(how would an anonymous poster on MSE hope to talk down an entire economic system?)

mr.broderick

!!!!!!? wrote: »

Still continuing with the delusion that anyone calling it as they are seeing it is somehow trying to 'talk down the market' I see :rolleyes:

(how would an anonymous poster on MSE hope to talk down an entire economic system?)[/quote]

People are definitely influenced what they read here.

Deluded i am not, so you are not talking down the market !!!!!!? When the market was inflating i never talked it up even though that is how i seen it.

slipthru

Austin_Allegro wrote: »

Nobody can predict the future - except Mystic Meg. :rolleyes:

In her absence, all I will say is, looking at all the economic examples I posted, being as impartial as you can, do you really think it is likely the housing market in the UK will experience some sort of revival this spring? Could you come up with a comparable list of opposing arguments?

Anything's possible. Elvis could be found driving a Routemaster bus at the North Pole - but a 'spring bounce' is not something I would want to put money on.

Looking at the economic examples you posted i cannot for the life of me think how anyone would think house prices are going to rise anytime soon but as you say elvis could well rise from the dead.