House Price Crash Discussion Thread

m00m00

"it's different this time" is generally used as a joke by property bears, as it's been one of the main justification from the HPI cheerleaders over the past 12 months, as to why the falls that are clearly happening, could never happen.

SurreyNotSorry

m00m00 wrote: »

"it's different this time" is generally used as a joke by property bears, as it's been one of the main justification from the HPI cheerleaders over the past 12 months, as to why the falls that are clearly happening, could never happen.

I wasn't sure if "piece of fluff" was being ironic. I guess he/she probably was.

I think "it's different this time" is a justification for HPI from those of a more Bullish persuasion as justification for HPI Cheerleading. :cool:

Party's over folks, nothing to see here. Oh, and any BTL'ers, please form an orderly Q for the exit. - and carefull any rampant inflation, despite todays fabricated 2.1%, doesn't eat away any hard earned savings / STR fund ...

yanex

With house prices its all reletive, generally the price of houses will always go up and it generally happens in 5 year cycles, They go up up up, level off, somtimes drop a little then go up. Usually where you hit a point where they have levelled and may drop you simply stay put for 2-3 years until you see prices move upwards again.

People who lose their money are those who decide to move (or have to) whilst the trend is going down.

So in the current climate, I would stay put and wait. There is a strong likelyhood the Bank of england will be forced to drop interest rates a couple more times over the next 6 months to avoid the economy sliding in to recession, this should kick start prices slowly going up again....

Wow, now isn;t that deep for my first post on MSE....

MSE newbie.

dolce_vita

yanex wrote: »

......There is a strong likelyhood the Bank of england will be forced to drop interest rates a couple more times over the next 6 months to avoid the economy sliding in to recession, this should kick start prices slowly going up again....

Wow, now isn;t that deep for my first post on MSE....

MSE newbie.

Welcome to the forum.

If, as you say, prices will start going up again in 6 months, can you explain why this is a good thing?

Turnbull2000

yanex wrote: »

With house prices its all reletive, generally the price of houses will always go up and it generally happens in 5 year cycles, They go up up up, level off, somtimes drop a little then go up. Usually where you hit a point where they have levelled and may drop you simply stay put for 2-3 years until you see prices move upwards again.

People who lose their money are those who decide to move (or have to) whilst the trend is going down.

So in the current climate, I would stay put and wait. There is a strong likelyhood the Bank of england will be forced to drop interest rates a couple more times over the next 6 months to avoid the economy sliding in to recession, this should kick start prices slowly going up again....

Wow, now isn;t that deep for my first post on MSE....

MSE newbie.

Can't see that happening. Lowering rates to kick-start house prices will also kick-start inflation. Rates are and still remain historically low, and trying to wring out every last ounce of affordability by dropping rates further will reduce the scope for any necessary rises in future. It's like trying to prolong the painful life of a mortally wounded animal. Futile.

DreamBreaker

yanex wrote: »

With house prices its all reletive, generally the price of houses will always go up and it generally happens in 5 year cycles, They go up up up, level off, somtimes drop a little then go up. Usually where you hit a point where they have levelled and may drop you simply stay put for 2-3 years until you see prices move upwards again.

People who lose their money are those who decide to move (or have to) whilst the trend is going down.

So in the current climate, I would stay put and wait. There is a strong likelyhood the Bank of england will be forced to drop interest rates a couple more times over the next 6 months to avoid the economy sliding in to recession, this should kick start prices slowly going up again....

Wow, now isn;t that deep for my first post on MSE....

MSE newbie.

Thanks, thats everything I have been saying since I first posted on here!:beer:

boinging_2

yanex wrote: »

With house prices its all reletive, generally the price of houses will always go up and it generally happens in 5 year cycles, They go up up up, level off, somtimes drop a little then go up. Usually where you hit a point where they have levelled and may drop you simply stay put for 2-3 years until you see prices move upwards again.

People who lose their money are those who decide to move (or have to) whilst the trend is going down.

So in the current climate, I would stay put and wait. There is a strong likelyhood the Bank of england will be forced to drop interest rates a couple more times over the next 6 months to avoid the economy sliding in to recession, this should kick start prices slowly going up again....

Wow, now isn;t that deep for my first post on MSE....

MSE newbie.

Welcome!

Problem is even with lower BOE rates which banks can afford to lend money at the rate they have been. Currently £56bn of tax payers money used to support Northern Rock. All lending house are going to be tight on lending, so the ability to buy won't be there even with rate cuts.

mr.broderick

DreamBreaker wrote: »

Thanks, thats everything I have been saying since I first posted on here!:beer:

Yeah it will be because it's your alias...:cool:

DreamBreaker

mr.broderick wrote: »

Yeah it will be because it's your alias...:cool:

No way!!! It really isnt!!! I wish I could prove it!!!

dolce_vita

How you doing mr.b

Long time no hear.

Is that right you've just bought a house?