House Price Crash Discussion Thread

Austin_Allegro

slipthru wrote: »

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.

Well I tend to think the market should have DNR (Do Not Rescuscitate) written above its bed, but there's always the chance a doctor might be able to zap it back to some sort of vegetative life.

In real terms, some sort of massive liquidity injection/money printing fiddle that causes rampant inflation which eases everyone's debts (and kills off everyone's savings). But I'm no economist so don't really know how this would work.

Failing that, we might just find oil in the Pennines or gold in the Chilterns...

mr.broderick

Austin_Allegro wrote: »

Well I tend to think the market should have DNR (Do Not Rescuscitate) written above its bed, but there's always the chance a doctor might be able to zap it back to some sort of vegetative life.

In real terms, some sort of massive liquidity injection/money printing fiddle that causes rampant inflation which eases everyone's debts (and kills off everyone's savings). But I'm no economist so don't really know how this would work.

Failing that, we might just find oil in the Pennines or gold in the Chilterns...[/quote]

Funny you should say this, i will not expand on this any further as I've been tipped off recently reference one of the above.

WTF?_2

mr.broderick wrote: »

!!!!!!? 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.

Oh well then, if you never commented when you saw the market going up I guess no-one else should comment if they see the market as likely to go down

What a self-important world you inhabit ... I'm under no illusions that anything I post here is going to have an effect on our Western economic system - but I do hope to give other MSE-ers a different take on the economic insanity that's been happening.

Of course, the pessimistic view of house market/general economic prospects is becoming mainstream now but it certainly hasn't been that way in the recent past when plenty of people here were urging other Forum readers to jump on the property bandwagon near its peak; Likely leaving them with negative equity and large debts to service as the markets degrade.

mr.broderick

!!!!!!? wrote: »

mr.broderick wrote: »

Oh well then, if you never commented when you saw the market going up I guess no-one else should comment if they see the market as likely to go down

What a self-important world you inhabit ... I'm under no illusions that anything I post here is going to have an effect on our Western economic system - but I do hope to give other MSE-ers a different take on the economic insanity that's been happening.

Of course, the pessimistic view of house market/general economic prospects is becoming mainstream now but it certainly hasn't been that way in the recent past when plenty of people here were urging other Forum readers to jump on the property bandwagon near its peak; Likely leaving them with negative equity and large debts to service as the markets degrade.

Last word freak

WTF?_2

mr.broderick wrote: »

!!!!!!? wrote: »

Last word freak

So you are just trolling for some attention, thanks for clearing that up.

mr.broderick

!!!!!!? wrote: »

mr.broderick wrote: »

So you are just trolling for some attention, thanks for clearing that up.

I have been called sexist today so i am going to repair that accusation and let you have the last word on this debate.

WTF?_2

mr.broderick wrote: »

!!!!!!? wrote: »

I have been called sexist today so i am going to repair that accusation and let you have the last word on this debate.

More delusion from the attention seeking troll - this thread isn't here to provide a 'debate' for you :rolleyes:

mr.broderick

!!!!!!? wrote: »

mr.broderick wrote: »

More delusion from the attention seeking troll - this thread isn't here to provide a 'debate' for you :rolleyes:

Why is it here then !!!!!!? To provide somewhere for the hpcers to hang out?

merlinthehappypig

Back on topic - I had to laugh earlier this evening.

We made an offer on a house a few months back. It was on at 'offers over £450000'. We offered £440000 and the vendor told us to get stuffed (in so many words - she was very rude according to the agent).

A couple of weeks after that she rang the agent and demanded to know why we hadn't come back with a higher offer. The agent told her and took great pleasure in doing so...........

The price changed to 'offers around £450000' about 6 weeks ago and I looked tonight and noticed that it was now 'offers around £430000'.

She will be lucky to get £400000 now. Talk about cutting off your nose to spite your face.

Something that is going to repeated more and more as people face up to reality, I think. First genuine reduction we have seen from someone who isn't a forced seller (as far as we can tell)

mr.broderick

why dont you offer £380k now.