House Price Crash Discussion Thread

LisbonLaura

The usual DM tosh.

At the worst of the last big crash there were plenty of staggering bargains at auction.
Public auctions are the only true test of what anything is worth, including property.
The difference this time will be the lack of credit, so I cannot see why the situation will not be worse.
Give it a couple of years as most folk are still in denial, understandably.
It will not be pleasant for a very long time. Just have a look at what is happening globally.

codger

LisbonLaura wrote: »

The usual DM tosh.

Oh dear. Please try to be fair.

The Daily Mail has merely concluded that things aren't that bad. . .

. . . In much the same way it would once have concluded that The Titanic's sinking was by no means an unmitigated disaster because it did at least result in a greater availability of ice in the cocktail bar than would otherwise have been the case.

LisbonLaura

codger wrote: »

Oh dear. Please try to be fair.

The Daily Mail has merely concluded that things aren't that bad. . .

. . . In much the same way it would once have concluded that The Titanic's sinking was by no means an unmitigated disaster because it did at least result in a greater availability of ice in the cocktail bar than would otherwise have been the case.

:T Quite right codger. I have to admit my view is 'unbalanced' by my trying to avoid vested interest in reading matter.............there isn't much of it about

codger

LisbonLaura wrote: »

:T Quite right codger. I have to admit my view is 'unbalanced' by my trying to avoid vested interest in reading matter.............there isn't much of it about

And none at all in the publications of national and regional newspaper groups which depend on property advertisements for a significant chunk of their revenue. . .

ivegotabig1

codger wrote: »

And none at all in the publications of national and regional newspaper groups which depend on property advertisements for a significant chunk of their revenue. . .

Indeed..As i have said numerous times in here... you believe what you WANT to believe, the reality however is far less rosy than many in the media or even government would have you believe !!

codger

Government aside, I do have some sympathy with those on the sharp end where media is concerned.

A friend of mine was a charming lady with delusions of competence who worked as a reporter on our then local rag.

Like all local rags, it ran those laughable "advertorials" whereby the ad department raked in a chunk of money in exchange for some poor sod in the editorial department penning deathless prose about the advertiser / the product.

My friend (this is back in the early 90s) was, due to her complete inability to do anything else, lumbered with writing advertorials about "Spring Is Here, Time To Plan Your New Kitchen!" / "Summer Is Here, Time To Plan Your New Patio" / "Autumn Is Here, Time To Plan Your New Central Heating" / "Winter Is Here, Time To Plan For Spring's Outdoor Living."

Of course, nobody was actually buying anything or planning for anything other than how to survive.

My friend eventually grew weary of trying to foster in print so surreal a quality of cheerfulness, and left journalism to open a boarding house in New Zealand.

Nothing changes.

Media will always extol the virtues of a butcher's shop as long as it keeps advertising. . .

Notwithstanding a reality apparent to everyone else that the butcher's shop is actually in a village of vegetarians. . .

abidan_2

My my, please dont be so malicious and nasty, i was stating my opinion the same opinion i had back in 2001 when people were saying prices will fall dont by yet, luckily i took the risk and bought my first house, luckily i have no vested interest in a rise in anything other than the long term. If you look around the internet you will find many other people with the same aopinion as me. I nevr said they would keep on rising at teh rates they have risen. I said dont expect a massive fall. Eventually all you people who sau the market will crash WILL be right and i will be wrong.....house prices will fall it just depends by how much and for how long. There is nothing wrong about the articles i write on my site. If you look throught it properly ou will find negatives as well as positives about the property market. We are all allowed an opinon so please respect mine..............oh and boing the property market would have to fal massively for me to lose money on my investments i am still hundreds of thousands up on propertys here in UK and spain, its not worrying me as long as in 20 years time my properties have equity and i can use it to retire!
Oh and let me state all my article is backed up with statistics, its fairly simple to understand as a landlord divorce means more people are either looking to buy or rent....its a win win for me!! as i say it al depends on wht you are buying property for, in the long term you rarely lose I agree that the short term for making money in property has gone, hence i invest in other opportunites too, like the stock market. Please read the article objectively I aint being nasty towards anyone i simply have an opinion unfortuinatley is probably not what most people want to hear as most people have a vested interst in property prices falling by over 20%!

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

abidan_2

Oh and can i just point out, like you guys i too have a vested interest in property prices falling, if they do i will snap up even more!!! I have a long term stratergy, unfortunately i have a feeling that interest rates will come down begining of next year and the property market will pick up again not much but at least prices will stay pretty much the same! In my opinion!

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

Turnbull2000

abidan wrote: »

Oh and let me state all my article is backed up with statistics, its fairly simple to understand as a landlord divorce means more people are either looking to buy or rent....its a win win for me!!

Your posts reads like an illiterate fool for someone who is supposedly so savvy. But then, any idiot can do reasonably well out of a rising market.

By the way..

Guardian - Divorce lowest for 29 years - Aug 30 2007

The number of divorces in England and Wales has fallen to a 29-year low, government figures showed today.

This was the third year in succession that the number fell, and followed a drop of 6.5% between 2005 and 2006.

boinging_2

abidan wrote: »

Oh and can i just point out, like you guys i too have a vested interest in property prices falling, if they do i will snap up even more!!! I have a long term stratergy, unfortunately i have a feeling that interest rates will come down begining of next year and the property market will pick up again not much but at least prices will stay pretty much the same! In my opinion!

Well aren't you a smarty pants! Well done on your successful investment portfolio, as I'm not on here bragging about mine you won't know how well I have / haven't done in property. Just remember, equity is easy come easy go in any market. If the property prices come down, so does your "equity" which in essense is worthless until you come to cash it in...

But anyway you keep believing that property prices will always be higher (and by that I mean above the rate of inflation and interest rates) and I'll be living in the real world watching people struggle with the £'000's of debt they have taken on...