House Price predictions

lisyloo

You advise people to buy

You have removed all context.

In the context of long term buy for residential purposes - Yes
In the context of buying an investment today - No

and try to talk down people that say we are due a crash

I don't see any reasons to believe a crash is round the corner.
Neither do I believe residential buyers looking at the long term should fear a crash although I support sensible financial planning.

so my deduction is that you fear a property price crash and will be very angry when it happens

Incorrect conclusion partly because you removed all the context.



I have been through negative equity in the 90s and I'm still glad that I bought because I now have a dream home that's almost mortgage free even thought "on paper" I have negative equity for a while.



In the long term for the vast majority it's a good decision to buy when it's suits their circumstances and finances in the absence of any firm financial data to the contrary.


I don't have a big stake at all in what happens to property prices as I plan to live in my home for quite a while so it's paper value does not affect me, slthough as it happens it's doing very nicely thankyou.

triathlon

Maybe flat this year and then the next and then it will take off again. Brexit will be cancelled and we can go back to upping immigration to where most people want it, 400,000 plus and then, and then we can start increasing rents again as the property crash doomsters continue crying how unfair the world is, boo hoo.
I expect house prices to double at the very least in the next seven years

westernpromise

Given that interest rates can't go lower to the extent they did between 2008 and 2009, meaning cheaper finance can't send prices up any further, where will the incomes come from to pay for a doubling of house prices over the next seven years?

Out,_Vile_Jelly

House prices go up, house prices go down.

Sell and move if it suits your personal circumstances factoring in career prospects, planned retirement, savings, provision for unexpected health/family issues, location, lifestyle etc.

I just bought a house to live in.

marcmc84

The stupid witch needs to boosts peoples incomes first, then house prices will rise even more!

caronoel

marcmc84 wrote: »

The stupid witch needs to boosts peoples incomes first, then house prices will rise even more!

Don't talk about Diane Abbott like that. It's not her fault she (or indeed any Labour supporter) doesn't understand economics

mubeye

caronoel wrote: »

Don't talk to Crashy about retirement.

Like many things, he is an expert on it.

Crashy's retirement occurs every night when he retires with a microwave curry, couple of cans of strong brew and a copy of Razzle in his rented bedsit. Sounds delightful.

Can we explore this a bit?

If you don't own your own property, you probably don't have a healthy relationship or eat dinner with a loved one most nights. In fact due to your low savings, it's very likely you will suffer mental illness or be suspect to substance abuse?

Nice. Sounds delightful.

westernpromise

Nobody said the post was about people in general who don't own property. It was specifically about Crashy, who has lived in a bedsit since he shorted property in 1996 and is now trying to engineer a crash by telling individual sellers their house is overpriced.

mubeye

Do we know Crashy is an alcoholic without any friends or family?

These kinds of sociological extrapolations seem to me, an excuse

If you don't want trolls, then why not ban him? That he is encouraged to post seems odd to me. It's not a craving for balance is it?

Seems to me, he is tolerated to give you lot an excuse to to !!!! on the less fortunate and self congratulate your own investment decisions whilst you are at it.

Malthusian

Crashy is not less fortunate. If I remember my HPC history right, he had a house and chose to sell it. (Because he thought a massive crash was coming and he would buy it back from some desperate soul who had just been financially ruined by buying.) He is the master of his own fate.

It's perfectly possible he isn't an alcoholic, but in his situation I would be.