House Price Crash Discussion Thread

[Deleted User]

Real inflation is probably more like 6-10%

They dont want you to know that, your meant to have faith in the paper

abidan_2

Turnbull2000 wrote: »

lol

..........

Don't understand Turnbull, what's to laugh about, look at the stats! Yes eventually there will be a correction of sorts but people have been saying it for years!!! Those people that were saying dont buy prices will fall back in 2001 will soon say well i told you so in 2008! Unfortunately for those people who listend to them all them years back it is far too late. The government insist in letting in more and more people into this country, we are a small island, there are less and less council homes to rent, people owing 2nd homes to let out is on the increase, divorce is rising........... i wont go on its all inthe article on my site! Simply put as you quoted me forums like this prove that people are desperate for house prices to fall and as such that measn they are desperate to buy, as i say, just as soon as they fall people start buying again, i would not say they will go up much but i dont reakon they will go down much either!!! The only way house prices will start to go downis if the countries ecconomy starts to falter dramatically and unemployment rises!!! We are coming into a new era where parents remortgage to help their children buy houses and until people stop seeing owing a house as crucial to your financial future dont expect any major correction in the housing market!!!!

Abi Andrews

http://www.lets-makemoney.co.uk/property_investment.php

abidan_2

PasturesNew wrote: »

Nationwide figures just published.

Prices down 0.8% in October.

http://investing.reuters.co.uk/news/articleinvesting.aspx?type=economicIndicatorsNews&storyID=2007-11-29T070015Z_01_L2635039_RTRIDST_0_BRITAIN-NATIONWIDE.XML

Coming up to christmas is always a slow time for the housing market, by feb march next year prices will most likely begin to rise again! I have seen month after month different research showing contradictory housing statistics.halfix contradicted the nationwide on 2 occasions last year, one saying falls and slow down the other saying the reverse! At the end of the day prices go down as well as up but in the long term property prices in the UK WILLL RISE ther esi not a lot of land left to be built on in this country and the population is growing at a massive rate .....

Abi Andrews
http://www.lets-makemoney.co.uk/property_investment.php

ManAtHome

abidan wrote: »

The only way house prices will start to go downis if the countries ecconomy starts to falter dramatically and unemployment rises!!!

And that can never happen..?

pamaris

abidan wrote: »

Coming up to christmas is always a slow time for the housing market, by feb march next year prices will most likely begin to rise again! I have seen month after month different research showing contradictory housing statistics.halfix contradicted the nationwide on 2 occasions last year, one saying falls and slow down the other saying the reverse! At the end of the day prices go down as well as up but in the long term property prices in the UK WILLL RISE ther esi not a lot of land left to be built on in this country and the population is growing at a massive rate .....

Abi Andrews
http://www.lets-makemoney.co.uk/property_investment.php

Do you want a list of macroeconomic indicators and a full debunking of your statements? If so I am not the one to do it; I am sure someone will be along shortly.

Oh what is the name of your website again? I'd really love the inside secrets about how to make money in property!

dolce_vita

abidan wrote: »

Coming up to christmas is always a slow time for the housing market, by feb march next year prices will most likely begin to rise again! I have seen month after month different research showing contradictory housing statistics.halfix contradicted the nationwide on 2 occasions last year, one saying falls and slow down the other saying the reverse! At the end of the day prices go down as well as up but in the long term property prices in the UK WILLL RISE ther esi not a lot of land left to be built on in this country and the population is growing at a massive rate .....

Abi Andrews
http://www.lets-makemoney.co.uk/property_investment.php

WOW.

That's the shortest long-term cycle I have ever seen.



You silly girl.

phlash

abidan wrote: »

Coming up to christmas is always a slow time for the housing market, by feb march next year prices will most likely begin to rise again! I have seen month after month different research showing contradictory housing statistics.halfix contradicted the nationwide on 2 occasions last year, one saying falls and slow down the other saying the reverse! At the end of the day prices go down as well as up but in the long term property prices in the UK WILLL RISE ther esi not a lot of land left to be built on in this country and the population is growing at a massive rate .....

Abi Andrews
http://www.lets-makemoney.co.uk/property_investment.php

You're a genius! Not.

I skydive, I get a good view everytime I jump out over the UK, and there is plenty of land to build on in the UK.
Would you care to explain away the events in Japan. Not even 0% interest rates could stop their housing decline, and oh, they've got 'limited land' to build on too. But.... "Hang on a minute?"

:cool:

PS. I doubt you will ever offer an opinion on it. Please, just do some research before spouting rubbish on here. There may be people reading who get influenced by your tripe. BTW Mortgage approvals down over 30% from a year ago, from two sources, Nationwide and BBA, thats not conflicting its condemning!

boinging_2

"Coming up to christmas is always a slow time for the housing market, by feb march next year prices will most likely begin to rise again! I have seen month after month different research showing contradictory housing statistics.halfix contradicted the nationwide on 2 occasions last year, one saying falls and slow down the other saying the reverse! At the end of the day prices go down as well as up but in the long term property prices in the UK WILLL RISE ther esi not a lot of land left to be built on in this country and the population is growing at a massive rate ..... "

Having read your website, it would seem you have a vested interest in property rates remaining high (especially if you've invested at near top of the cycle prices). No matter how long you keep believing property is not falling, it is... We have examples from all over the country of real life price falls, I could show you at least 10 houses today in my home town that have either come down in price or are not selling, that would have been snapped up in August.

The slow down is here and it will only go one way in the new year... If you want to think it's not then fine, but the longer you stop looking at the facts the more money you will be losing on your investments...

pieceoffluff

daily mirror

http://www.mirror.co.uk/news/topstories/2007/11/30/house-prices-down-65-a-day-89520-20182764/

'House prices down £65 a day'

anyone seen anything in the sun

codger

pamaris wrote: »

Our plan is to look around late summer 2008 and start making offers that are realistic to us (that is, that we could realistically pay). If sellers aren't biting then we'll move into rented accommodation (can't stay with MIL too much longer, bless her.) Realistically I doubt that we will be able to secure a property we like at a price we can afford before mid 2009. I just think it is going to take some time. We need either a 25% price drop or a 50% pay rise, or a combination of the two before purchasing a home becomes realistic.

That's good news, pamaris; time and circumstance look like they're coming together to work pretty much in your favour.

I think it was Chris (might've been moomoo, I haven't looked back through this thread) who said that it's actually getting more and more difficult to figure out the "true" value of anything on the housing market.

My feelings exactly: the value of a house is defined by the price someone is willing to pay for it, so when there's a breakdown in the consensus of all those "someone else's" (as now) the only certainty is uncertainty itself.

In which case, your MIL haven may be a little imperfect -- but as an achorage away from the storm, it's definitely the best place to be.

Lotsa luck!