House Price Crash Discussion Thread

geoffky

have a look at this about blanchflower from bank of england

http://icbirmingham.icnetwork.co.uk/birminghampost/business/tm_headline=uk-mortgage-woes-only-just-starting&method=full&objectid=20179324&siteid=50002-name_page.html#story_continue

tr3mor

abidan wrote: »

Now your not making sense, if everyone wants it to fall they want it to fall for a reason, because they want to get on the ladder! I mean people arent wanting it to fall for no reason are they! And the majority of people on this part of the forum want it to fall mainly because they want a house for their families! And that will only cause prices to stay up - there s little supply and too much demand, it makes absolute sense, its simple!!!

Except that you don't know what supply and demand is. :rolleyes:

PS. I'm back from holiday, huzzah! :beer:

tr3mor

boinging wrote: »

Please help me understand this property investing lark...

I buy a house for £400,000 today
Stamp duty = £12,000
Interest Only Mortgage Payments for 1 year on 75% value (£300K) = £16800
Total Cost to me = £428800

Therefore I would need over a 7% rise in property value just to break even in one years time. If property declines next year, with inflation added would I not then need a more than double digit growth the following year just to break even to where I am today?

This seems a massive risk to me, as I haven't seen one person / bank / government figure say that property will rise 7%.

And the loss of the interest on your £100k deposit that you could've got somewhere else.

geoffky

is it me or is this site so slow ,iam getting page cant be found all the time

codger

LisbonLaura wrote: »

It's a suicidal risk boinging.

But I didn't say it as I'm not a 'financial adviser'.

Oh go on. Be mine!

:j

Baron_Greenback

abidan wrote: »

Quote:
Originally Posted by abidan
The problem with this forum is obvious. The reason the opinions are so unrepresentitive and one sided is because the only people who are interested in it are those that are desperate for prices to fall for various reasons! YES DESPERATE! The rest of society, i.e. home owners, are not interested in coming on line and specualting on what may or may not happen, thats because they are living contented lives safe in the knowledge that they have a home that they, like I, worked extremely hard for! They like i know that it does not really matter to the majority whether their price goes up or down as they have a home and a roof over their heads and UNLTIMATELY, they know that come 20 years time they will have so much equity in their house they will be able to retire in comfort!

Hello abidan!!!!!!!!!!?????!!!!
I like reeding your intellyjent veews, you tell those layzy iddiotts they are just JEALOUS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Just becoss thay did not wirk as hard as you and thay do not have a nice house they come on this messidge bord moaning about house prices but they don't know NOTHING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!????!!!!!!!!!! :rotfl: :rotfl: :rotfl:
You are the most ellokwent and arkityewlate powster on here with some rilly good ideyars and they don't even own a house or anythingg cozz they are too bizzy MOANING abowt things that they dont no NOTHING about!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! :rotfl: :rotfl: :rotfl: :T
Keep upp the good wirk abidan you sure are the best debayta AROUND!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! :rotfl: :rotfl: :rotfl: :rotfl:

John_Pierpoint

geoffky wrote: »

B&Q, said UK consumer demand was likely to weaken in the coming months as it unveiled a slide in quarterly earnings.

I can remember B&Q demonstrating that the property market was not completely dead in the early 90's.

There were a couple of weekends when they produced a Q right round their shed.

Mind you they had to plaster the locality and the press with posters that said: SALE 50% OFF EVERYTHING.

I don't think we have got that far - yet.

LisbonLaura

Come on Abi, now that the inevitability of the financial meltdown has finally hit the UK media, we are awaiting your latest epistle..........................

Oh I do hope she hasn't left us

merlinthehappypig

From todays FT:

Mortgage lenders were warned by the City watchdog on Tuesday to batten down the hatches and brace for “very difficult” market conditions next year as at least 1.4m homeowners face a sharp jump in loan repayments.

The Financial Services Authority said that there was “a very real prospect that conditions will worsen further into next year, in terms of both liquidity and credit risks”.

The bleak warning reflects growing concern about the stability of smaller mortgage lenders after the collapse of Northern Rock, the slowdown in the housing market and rising lending rates between banks.

Full story here:

http://www.ft.com/cms/s/0/fad22c42-a289-11dc-81c4-0000779fd2ac.html

merlinthehappypig

Halifax figures today show a drop in house prices of over 1% in the last month.

http://news.bbc.co.uk/1/hi/business/7128308.stm