House Price Crash Discussion Thread

movilogo

Housing market 'will grind to a halt in 2008'

http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=494392&in_page_id=1770

beingjdc

LisbonLaura wrote: »

Also note govt are giving our money to councils to stop council tax rises

Only in Scotland!

Down here in England Councils are getting less of an increase than hospitals, doctors, schools, police, transport, aid, defence...

Also, what election?

LisbonLaura

beingjdc wrote: »

Also, what election?

Just after the rate cuts that will make it all better

ivegotabig1

movilogo wrote: »

Housing market 'will grind to a halt in 2008'

http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=494392&in_page_id=1770

yeah right !!!... They Simply cannot bring themselves to admit the obvious..prices are falling & are set to accelerate !!....check this out.. Goldman sachs are suggesting a full blown recession in the U.S ...


http://business.timesonline.co.uk/tol/business/economics/article2886499.ece :eek:

alternative-answer

Please check out this website for information on house price reductions www.propertysnake.co.uk

ivegotabig1

http://business.timesonline.co.uk/tol/business/economics/article2889416.ece

And the Spectre of Recession in the u.k too !!!

WTF?_2

ivegotabig1 wrote: »

http://business.timesonline.co.uk/tol/business/economics/article2889416.ece

And the Spectre of Recession in the u.k too !!!

How about the Financial Times?

http://www.ft.com/cms/s/0/61cd06d2-960b-11dc-b7ec-0000779fd2ac.html?nclick_check=1


Really, if people haven't got the message by now they're never going to get it until they wake up one day and realise they're up the financial creek. I don't think that any economic slump can have been as well flagged in advance....

JohnInDebt

!!!!!!? wrote: »

How about the Financial Times?

http://www.ft.com/cms/s/0/61cd06d2-960b-11dc-b7ec-0000779fd2ac.html?nclick_check=1


Really, if people haven't got the message by now they're never going to get it until they wake up one day and realise they're up the financial creek. I don't think that any economic slump can have been as well flagged in advance....

Some people never lived through the last crash and are expecting an official news item that a house price crash has officially started.

mystic_trev

Experts are warning that small-time property investors with around 20 – 30 investment properties face ruin unless they sell up immediately.
It is anticipated that the UK property market will crash by at least 25% meaning that buy-to-let landlords will risk losing a minimum of 30-40% off the price of their investments over the next 18 months

http://www.homemove.co.uk/news/19-11-2007/buy-to-let-landlords-urged-to-sell-now.html

If there's going to be one sector that 'brings down the market' it'll be this. I've one Property becoming vacant in mid December which I'm going to sell. I wonder how many other 'long termers' are going to take some profit due to the new CGT rules in April?

ivegotabig1

http://news.bbc.co.uk/1/hi/business/7007076.stm

This makes me laugh !!! In July Northern Rock said the trading outlook was "very positive" :rotfl: .. I get fed up hearing all this BS off institutions like the Halifax, Nationwide NCML, Darling etc etc in a rather sad attempt to shore up "confidence" in the market..they must think we are thick !!!
When soo many Economists are now stating the Economy is going to at least hit the Buffers hard from early nxt year !!! with a possible recession !!