House Price Crash Discussion Thread

harryhound

Historically since WW2 the German currency has been less subject to devaluation and inflation, so saving up a big deposit made more sense in Germany than in the UK.

Continentals tend to boast about their cars rather than their house (price increase).

boldminer

Has anyone had experience in using the above firm or any similar ones which offer to buy your home at the market value less 20%?

IveSeenTheLight

boldminer wrote: »

Has anyone had experience in using the above firm or any similar ones which offer to buy your home at the market value less 20%?

No and I wouldn't recommend it.
why would you want to do such a thing?
You could simply market it and if really desperate to sell, sell for a lower percentage drop than the 20% i.e. 10% or 5% lower than market value.

Spitakimus14

ebonylight wrote: »

Heh heh good point- but i work in plot sales - i am used to selling houses, rather than buying them. Working for big rich developers skews the ol' perspective

if the crash comes you might not be

southantrim3

Bring them down .

nomorerack

Starting a new thread with the same topic is not logical but i'd like to absorb more information to any thread i go into....

holderness

joerugby wrote: »

I think we might have to change our mindset with regard to the "housing ladder".

In countries such as Germany a young person in their 20s would not usually become a "first time buyer". Buying a flat with the intention of selling few years later to buy a house would be regarded as very odd, what with the costs and risks involved. More likely the twentysomething would rent a flat and save up a deposit for later on.

Genuinely interested to know who owns these flats that are being rented? Is it generally private landlords or companies? In either case is the long-term rise in property prices a part of this investment, or is it purely the rental income that attracts the investors?

IveSeenTheLight

holderness wrote: »

Genuinely interested to know who owns these flats that are being rented? Is it generally private landlords or companies? In either case is the long-term rise in property prices a part of this investment, or is it purely the rental income that attracts the investors?

I'm a private landlord with a couple of properties that I rent out.
Capital appreciation is a bonus, however I have shown before that a property investment can outperform a savings bank even without HPI over the term of the mortgage

So the answer to your question is that it's rental income that attracts investors, with long term capital appreciation being a bonus

holderness

Yes I understand that thanks, just wondering what the German model was.... If all Germans rent rather than buy, who owns the rentals?

Elliot.Rigsby

Thats a very tricky question.
The market could well continue to fall over the next 12 months......
I think i would wait and see the full impact of Govt cuts next year.