Can you imagine the destruction in the UK if the property market crashed

The-Joker

Herzlos wrote: »

I think a lot of potential buyers stopped for a while around March, but aren't going to wait forever for something to happen, and since Brexit looks less likely by the day some will decide to just go for it.


There was likely also some bringing forward of purchases to be completed before Brexit, which would explain the current slowdown but would need to start normalizing at some point.


I still don't get your obsession with this next crash - are you hoping it'll help you buy something?

I think you meant to say
No deal seems more likely by the day

no deal = 30% crash min, the longer the uncertainty the bigger the crash could end up

mayonnaise

The-Joker wrote: »

I think you meant to say
No deal seems more likely by the day

no deal = 30% crash min, the longer the uncertainty the bigger the crash could end up

Another one on a DRO pining for a crash.

The-Joker wrote: »

DRO submitted but still getting calls and letters

What is the best thing to do to stop them calling?

Every time they are told the debt has been relieved but they still keep harassing us

triathlon

The-Joker wrote: »

I think you meant to say
No deal seems more likely by the day

no deal = 30% crash min, the longer the uncertainty the bigger the crash could end up

There is not an ounce of proof that will be the case, just the magic "30%" that has mentioned for the last two decades even though properties in some areas have risen 500%. But No deal will never get through anyway parliament won't allow it, and the electorate definitely won't. So sorry your plan on bringing about misery and destruction to get what you want will not work.

Dream on

westernpromise

mayonnaise wrote: »

Another one on a DRO pining for a crash.

The irony of which is that in any crash, credit gets harder to obtain, not easier. So it would be harder for these guys to buy in such a situation than it is now.

I suspect AG's preoccupation with Deutsche Bank is simply that if a bank defaults, clearly there was nothing so bad about his doing so.

lisyloo

AG47 wrote: »

The property market does crash periodically

I suppose it depends on what you call a crash, and some crashes are bigger than others.

But one thing is certain the next crash isn’t too far off.

What do you mean by isn’t too far off?
If I’d have waited I’d have lost the chance to have kids (assuming I didn’t want them in rental) so this timescale thing is very important to those with a biological clock ticking.

I know you can have kids in rented (shock, horrror), but currently landlords can kick people out when they choose so it’s not ideal.

Exodi

AG47 wrote: »

But one thing is certain the next crash isn’t too far off.

*50 years later*

triathlon

Exodi wrote: »

*50 years later*

Love it :rotfl:

Spot on

triathlon

phillw wrote: »

No matter how much uncertainty there is, my house is already proved.



A lower crash suggests the prices don't drop as much, is that what you meant?

Truth of the matter is that the property crash cultists have based their predictions from the late 1990's-early 2000's on there being too much credit out there and debters hanging themselves over extending themselves, which has now been totally de-bunked as a probable catalyst and those who invested in their future using sensible borrowing now living in homes 5 fold what they borrowed in some cases.

There was a blip with the 2008 financial crisis I grant you which has now been totally repaired. I am now waiting for the stand off happening right now to be replaced as time goes on a realisation that nothing bad enough is happening in the UK to warrant even a slight fall back in prices. I have no doubt that property prices will at least be doubled in the next several years and where HPC.com die hards will have entered old age in some cases with most entering late middle age having watched their lived being wished away

lisyloo

Well speaking as a female, if I wanted a baby (and most ladies do) I’d be going for a bull rather a crash troll as I’d know my biological clock is ticking.

So being a crash troll and permanently negative in general is not an attractive trait to anyone.

Housing obsesssion is not everything, having a life and being happy and finding someone to enjoy it with are important as well.

westernpromise

As I've suggested before, being a crash troll is evidently a mental state not a reasoned opinion, because crash trolls always think house prices are about to crash even if they just have. As a result, they are constantly calling now as the top and constantly failing to recognise the bottom.

A fine example is HPC crash troll and occasional visitor The Count of Nowhere. He reckons to have sold up in 2007:
https://forums.moneysavingexpert.com/discussion/comment/7307895#Comment_7307895

and he thought everybody was starting to agree with him about an imminent crash:
https://forums.moneysavingexpert.com/discussion/comment/7308249#Comment_7308249

and he reckoned to have £700k in cash at that point:
https://forums.moneysavingexpert.com/discussion/comment/8619999#Comment_8619999

yet here he is in 2010 2 years after the downturn saying it's not enough and not over
https://forums.moneysavingexpert.com/discussion/comment/30002215#Comment_30002215

And per my sig he was still saying it's gonna crash in 2012, by which point the market had already turned again. No doubt he still thinks the same.

He's not the only one. I've posted before about Usenet crashtrolls from 1996.

If someone thinks the market is overpriced whether it's in boom, bust or any point in between, this isn't a rational opinion. It's more of a neurosis and one tends to wonder what other neuroses these folk also harbour. In the same way that people who are scared of flying are often scared of other things besides.

Interesting dating tip though lisyloo. Thanks.
"Well hello. What's a nice girl like you doing in a nice place like this? By way, fill yer boots with property."
"Ooo, you're such a charmer!"

It can't fail.