House Price Crash Discussion Thread

Steve57

thesavvysaver wrote: »

Is it just me or are the house prices all over the place, I looked at 2 houses on the same road today (fairly identical, one was 225k and the other was 200k - there was no discernable difference! im confused? is now a good time to buy?

Take the 200K house and deduct another 20%, this will give you a bit of margin for error. If you have been following the market recently you will realise that the amount of houses being put up for sale is increasing all the time and the fact is, there are not enough buyers out there who can afford (or get the finance). Prices are still over the top and without any shadow of a doubt interest rates will start to go up again one day, doesnt have to be next week or next year but when they do many these people who are on the cheapest rates ever will not be able to afford their mortgages and the market will be flooded with houses for sale. Right now there is a lull in the economic storm but the full ravages of recession and unemployment are comming back to bite in a big way, it aint over yet by a long way, none of the mess that caused the financial crash and recession has been cleaned up, covered up but the problems are still seriously lurking in the background. buyer beware!

nembot

The guys who make out there was no crash or blinked and missed it, can't be taken seriously.

They're all second homeowners, hence the denial

Sibley

SPONSORED BY 'PLEASE, PLEASE DON'T LET MY HOUSE DROP IN VALUE, PLEASE, PLEASE' INC. 2010

Yeah, people will 'sit tight' waiting and waiting for the 'right price' until they realize that next door sold for 100K less...then they'll either become forced sellers and drop their price or withdraw from the market and keep dreaming that their place is 'worth' whatever they damn well please.

Oh now I understand. You must be one of those disenchanted House Price Crash website clones. You know the ones 'If we keep saying CRASH sellers will knock 90% their asking prices in blind panic'

You boys have taken a hell of a beating today. haha.

Blacklight

Sibley wrote: »

Oh now I understand. You must be one of those disenchanted House Price Crash website clones. You know the ones 'If we keep saying CRASH sellers will knock 90% their asking prices in blind panic'

You boys have taken a hell of a beating today. haha.

Hi Sibley. Haven't seen you post much on HPC for a while. I though you'd just decided the poor buggеrs had seen enough 'I told you so' posts.

van_persie

Sibley wrote: »

Oh now I understand. You must be one of those disenchanted House Price Crash website clones. You know the ones 'If we keep saying CRASH sellers will knock 90% their asking prices in blind panic'

You boys have taken a hell of a beating today. haha.

No, I just speak for myself.

So, what's happened today in particular that makes you so bullish?

Unemployment suddenly gone down, has it?
Britain's debt mountain disappeared?
Public sector wages booming?
World economy suddenly on the turn?

You just keeping sticking your fingers in your ears shouting: "la, la, la, my house will never lose value!"

The rest of us will watch the market do what it ALWAYS does - return to mean, overshoot to the downside, then rise again.

Explain, in detail, how this is NOT possible and maybe, just maybe, people will take your posts a little more seriously than just view them as desperate trolling.

van_persie

Blacklight wrote: »

Or alternatively prices will remain fairly stable for the foreseeable future because there is nothing to trigger a return to the 20% fall we saw in 2008.

Nothing?

Rising unemployment?

Double dip recession?

Austerity measures meaning public sector pay cuts, job losses, rising VAT, bank lending tighter and rates high for anyone without 25% deposit?

Nothing?

Sibley

Hi Sibley. Haven't seen you post much on HPC for a while. I though you'd just decided the poor buggеrs had seen enough 'I told you so' posts.

Hi Blacklight,

They banned me on HPC which I find disturbing. I was never rude to anyone and only posted that I didn't believe house prices would crash. You've got to ask yourself why they did that. I've asked them to let me have my membership back today. Hope to lock horns with you soon mate.

Sibley

No, I just speak for myself.

So, what's happened today in particular that makes you so bullish?

Unemployment suddenly gone down, has it?
Britain's debt mountain disappeared?
Public sector wages booming?
World economy suddenly on the turn?

You just keeping sticking your fingers in your ears shouting: "la, la, la, my house will never lose value!"

The rest of us will watch the market do what it ALWAYS does - return to mean, overshoot to the downside, then rise again.

Explain, in detail, how this is NOT possible and maybe, just maybe, people will take your posts a little more seriously than just view them as desperate trolling.

To be honest the housing market would have dropped if the government had not stepped in when it did. Supply will always outstrip demand in UK. Thousands are saving for their own homes. Just because a few doom and gloomers want a 90% off crash doesn't mean it's going to happen. For as many good reasons you can give me why there should be a crash I can give you examples of why not. Wait and see what happens. Nobody can say 100%. The bullishness this week comes from watching the crashers getting all ahead of themselves because of a small drop in prices last month. 10 months of the year it went up but it only took one or two months of very slight falls to get you lot out from under your rocks.

HAMISH_MCTAVISH

Sibley wrote: »

They banned me on HPC which I find disturbing. I was never rude to anyone and only posted that I didn't believe house prices would crash. You've got to ask yourself why they did that.

Because prices were rising, and they didn't want to admit we were right.

I've asked them to let me have my membership back today. Hope to lock horns with you soon mate.

Stick around over here, this forum has more threads on house prices than hpc does these days!!!:D

Sibley

Hello again Hamish. I guess you got shown the HPC door as well.