house price adjustment

poppy10_2

Fall. Continued falls for the next 3-5 years, rather than a sudden crash.

SquatNow

Any fall automatically causes a crash. 50% of current price is "sentiment"... i.e. speculation. If prices drop, speculators stop buying and start selling. They wont start buying again until price starts to go back up. Price wont go back up until people start buying. Rinse and Repeat.

pickles110564

SquatNow wrote: »

Any fall automatically causes a crash.

We are noticing now in our area only a few houses being sold, all big houses are sticking around unless they are ripe for renovators.
But 2 Beds and smaller are no longer coming on the market?

bukup

....mortgage holders with sub-prime mortgages in the UK are paying interest often as high as 10%........

soaring numbers of repos' predicted to rise from 140,000 to over 200,000 next year.....

High numbers of price falls in parts of the UK

Asking prices are being 'drastically' reduced....

All the above and more was/is being reported by the BBC today

Please leave your comments on what YOU feel could be done to stabilise the market....

Gorgeous_George

[quote=bukup;6706176Please_leave_your_comments_on_what_YOU_feel_could_be_done_to_stabilise_the_market....[/quote]

Reduce mortgage interest rates to about 4%. Government back the 4% mortgage rate upto £100K per house for the life of the mortgage.

Base rates can do what they like except for my base rate tracker.

GG