House Price Crash Discussion Thread

LisbonLaura

abidan wrote: »

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!

:rotfl: Amazing! There is going to be a sudden rush of cash buyers next year, competing fiercely with thousands of lesser folk with jobs for life grabbing the massive 3x their twice average salary loan offer & who can 'only' stump up a 30% deposit ?

I shall look forward to this totally new trend with fascination.

boinging_2

LisbonLaura wrote: »

:rotfl: Amazing! There is going to be a sudden rush of cash buyers next year, competing fiercely with thousands of lesser folk with jobs for life grabbing the massive 3x their twice average salary loan offer & who can 'only' stump up a 30% deposit ?

I shall look forward to this totally new trend with fascination.

Ha ha, me too! Where do people think that the general public will get the money from to buy the houses that come down in price by 5%? (to then start the whole upward cycle again?!)...

The best thing is Abi is actually advertising her website with investment advice on it... There's better advice on property investments being banded about in Primary School playgrounds than that site. :rotfl:

abidan_2

I really dont know why your all having a go at me! I have not once been nasty to any of you. I am just stating an opinion. If you have to sink to depths of slagging someone off on a forum who is just stating an opinion then do so. You dont bother me!

For all those who are slagging me, you are entitled to your opinion i respect that, why cant you kindly respect mine.

I never came on here bragging i just defended myself at your lack of respect.

I will leave this forum now as obviously people only want to hear that prices will go down. IN MY OPINION they probably will but not drastically in MOST parts of the country and as I say just because everyone on here is saying it does not mean its going to happen. Infact just the opposite, people care too much about prices going down, why? Because they are desperate to get on the housing ladder and so many people desperate to get on the ladder does not make prices fall, substantially anyway.

Go ahead misquote me again if you like like 3 of you have done many times so far, dont bother me, i will do well out of a falling or rising market as i am doing already.

Oh by the way I arent reliant on property prices staying up once again if you are in property for the LONG term you WILL make a profit. And ultimately i hope they fall like you guys as i would snap up a few more bargins too i unfortunately dont see prices falling that far.

I agree that people are gettign themselves into mountains of debt too, but alot of that is not caused by extreme mortgages, its usually because people spend stupidly, buying gucci and prada when they cant afford it! If people stopped spending money money they have not got, stupidly on credit, then more people who say they cant afford a house would actually be able to afford one!! My husband is a morgage underwriter with a well known large bank and he see's so much debt on morgage applications its unbeliveable!!!!

LisbonLaura

Abi, I am not attacking you; I am merely incredulous that you cannot see what is going to happen!
The storm is coming. It's global. It's huge. It's unstoppable. Property prices were unsustainable without the storm. They will correct, massively.
Some of us have seen this before, quite a few times, but this will be the worst!
Look at what the Brown miracle really is....was. (& I don't just mean its moral obscenities).
Come back here in 4 yrs & tell us we were wrong, OK?
I wish you well.

abidan_2

You probably will be right in 4 years prices may well fall, what i am saying is in 20 years I will be right with my investment choices! Housing markets go down as well as up, i know that, you know that, everyone knows that, what i am saying is people have been saying there will be a fall since 2001! Those people will still say i told you it was coming when it does eventually happen in 2008. Even though it is 7 years after their first predictions!!! And too late for the many people who listened to them thinking they were right.

I mean when i bought my first house in 2001 it had pretty much doubled i price from the year or so before. people were sayign oh no now is not the time to buy and i nearly considered not doing, BOY am i glad i did as it doubled again in 3 years!! No i aint bragging for those who misquoted me i am using it as an example of how wrong anaysts can be!

All i am saying is people have been hoping for a crash for the last 5 years at least and hoping that they can get on the ladder when it happens, unfortunatley for them it hasnt, yes it may do eventually BUT it hasnt so far and the more people hope for the market crashing the less likley it is.

I hope for all the people who have not got a property and want one so despearetly that something happens for them. But if you look on the internet, google it, you will find article after article over and over again for the last 5 years saying prices will fall next year and the next and the next, back in 2005 i said they would NOT fall that year and we are now heading to 2008, perhaps you are right, perhaps 2008 is the year that it all goes wrong, we will just have to see.

For me well it kinda makes no odds, if they fall i get to buy another cheap property like the rest of you to rent out, if they rise i make money in equity, all i know is that in 20 years time the price of my properties will have doubled! So if you can afford to get a property now it does not make any odds what you pay for it as long as you have a home to live in and you do not push yourself to your absolute limits your investment is for the long term!

I would say either this month or next month interest rates will be cut and unfortunately for many that may mean come feb, march next year the property market may start to pick up again...once again i arent saying massive price rises i think prices will pretty much plateau for a number of years perhaps but i dont see massive falls just around the corner! Sorry just my opinion, i am with you guys property is over priced and i hope it comes down too but i just feel it wont!

ivegotabig1

LisbonLaura wrote: »

Abi, I am not attacking you; I am merely incredulous that you cannot see what is going to happen!
The storm is coming. It's global. It's huge. It's unstoppable. Property prices were unsustainable without the storm. They will correct, massively.
Some of us have seen this before, quite a few times, but this will be the worst!
Look at what the Brown miracle really is....was. (& I don't just mean its moral obscenities).
Come back here in 4 yrs & tell us we were wrong, OK?
I wish you well.

Quite right !! ... to many dreamers about at the moment tho with their heads firmly stuck in the ground

codger

abi posts on this thread:

Post 1:
i really don't believe a house price crash is around the corner


Post 2:
Yes eventually there will be a correction of sorts.


Post 3:
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!


Post 4:
I agree that the short term for making money in property has gone, hence i invest in other opportunites too, like the stock market.


Post 5:
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!


Post 6:
IN MY OPINION (prices) probably will (go down) but not drastically in MOST parts of the country


Post 7:
I would say either this month or next month interest rates will be cut and unfortunately for many that may mean come feb, march next year the property market may start to pick up again...once again i arent saying massive price rises i think prices will pretty much plateau for a number of years.

SUMMARY


There’s no crash around the corner but an eventual correction will occur.
Of sorts.
So a couple of months from now property prices will most likely be back on the rise.

But although property prices will likely be back on the rise, the time for making money in property is gone.
So invest in the stock market instead.

Invest in the stock market although do note that interest rates will come down next month.
In fact, January 2008 will likely see the property market picking up.

The market will pick up and prices will stay pretty much the same.
Prices will pretty much stay the same apart from the prices that go down.

Actually, interest rates could be cut this month -- or next month. And that’s going to be unfortunate for many.

The property market will pick up not next month but the month after. Or the month after that.
It will pick up in the form of property prices showing zero growth for years to come.


RECOMMENDATION

“The era of looking to make a profit out of the UK property market is over!

You should invest in the Stock Market like me.
A Bank of England interest rate cut is only going to be a cause of further misfortune for many.
The reality is, the property market is a no-growth sector! It will flat-line for years to come!”

Well, thanks for that, Abi.

Perhaps you'll now appreciate that responses to your posts here have not been motivated by malice or nastiness.

Rather, they have stemmed from complete bafflement.

abidan_2

I aint dreaming, i havent been dreaming since 2001, it makes no odds to me if prices go up or down, i have interest in either senario! I would like to know how many of you have been dreaming of a property market crash for the last few years too. I am simply pointing out what has been the case for the last few years! I really hope for all your sakes it happens as you are obviously so desperate for it to do so.

https://www.lets-makemoney.co.uk

codger

abidan wrote: »

I aint dreaming, i havent been dreaming since 2001.

Well nothing you write suggests you're actually awake.









I take it, you're now in agreement with my post at #340.


:eek:

abidan_2

I give in, obviously codger you are a bitter old man who does not want to hear any other opinions but your own or others in agreement with you that property prices will fall. I tell ya what i agree with everything you said, listen everyone house prices will plummet and you will all get rich by taking advantage of it!! Is that what you want to hear, well there ya go, i hope you get some satisfaction from it as you so obviously need house prices to fall codger or you would not be fighting your corner so aggressively!!!

Here is a good site for you to look at where most analysts including the renowned savilles do not believe a house price crash is around the corner for 2008. Most belive it will flatline or rise with very few suggesting a fall.
http://www.housepricecrash.co.uk/#statistics

Oh and laughing even more at the above website, the spiritual home of property market pessimists, launched in 2003 but its founder sold out last year as the predictions failed to materialise!!!! Bloody histerical!!!

Written Feb 2006 http://www.moneyweek.com/file/8433/why-the-uk-housing-market-is-still-primed-for-a-crash.html
Nope still not happend!!!

November 2007 http://www.newstatesman.com/200711190002 now thats a sensible fella, see we can all find articles supporting our statements!

Written in 2005 after the news was full of gloomy predictions for a crash http://news.bbc.co.uk/1/hi/business/4076194.stm, analyts caved in and realised that it simply was not going to happen yet!

More here http://www.ecademy.com/node.php?id=93834

And to make this forum more objective in its view here are the arguments for prices NOT falling : http://www.mortgageguideuk.co.uk/housing/will-house-prices-drop-uk.html backing up my article on my website!

Here ya go another analyst saying no fall: http://www.guardian.co.uk/money/2007/nov/06/houseprices.personalfinancenews

More evidence of a stagnation but not a crash like in the 1990's:
http://www.housepricedebate.co.uk/showthread.php?t=305


Laughing, i'm ROTFPMSL! :rotfl: Sorry its not what you want to see or hear but ....I do feel for all those people who have not got a property and desperatley want one i just dont like to get peoples hopes up that there is a crash about to happen when many inicators point to it but many more suggest not! If you want me to find more facts I can, the internet is riddled with evidence of incorrect predictions for years and even more predictions of a stagnation not a fall in prices!

Ultimately, noone really knows what will happen there is so much evidence to support a crash and so much to suggest it wont happen! All i know is (and once again i wil point it out) analysts and amatures alike have been predicting a crash since 2001 AND IT HAS NOT HAPPENED YET!

Codger i would appreciate it if you did not misquote me, if you actually read and digest what i am saying all i am trying to point out is it is unlikely to fall and that it probably will not rise much infact it is likely to stagnate for some time! Its my opinion please respect it and stop being nasty!

What ever happens good luck to you all!:T