Is a property market crash coming? And if so would it affect liveaboards?

Zero_Sum

If housing is an issue, then seriously move out on London / SE
Its amazing how relatively cheap houses are up North.

chucknorris

AG47 wrote: »

It is absurd to listen to the perma prop bulls who deny there will ever be a housing bust ever again.

I think you have said this before, and that I responded in a similar way to what I am going to say right now:

Who (specifically) has said that on here? Historically there have been periodical corrections (and subsequent recoveries). I have lived through 3 of them, in the 70's (although I was a bit too young then to notice at the time), the late 80's and late 00's. Anyone who thinks that there will never be a correction is financially illiterate.

How much higher are house prices now, compared to when you first started going on, and on and on, about house price crashes? They are over 700% higher than when I first invested.

lisyloo

Just to clarify on here, no one has said there will never bear bust/crash/correction again.
What people do say is 25 years mortgage is better than 60 years rent.

chucknorris

lisyloo wrote: »

Just to clarify on here, no one has said there will never bear bust/crash/correction again.
What people do say is 25 years mortgage is better than 60 years rent.

I would also like to add that usually a decade or so (give or take a few years, it depends upon inflation) into that 25 years of mortgage payment, the mortgage payments will probably be less than the rent will.

AG47

phillw wrote: »

There are reasons why it's less likely that we'll ever have another housing crash. Although that isn't to say it's impossible, but there is zero evidence that any future crash will bring house prices below todays value did.

The issue I that the perma prob bulls think boom and bust is over.

Those of us who are more realistic know the truth that after every boom there will be a similar bust.

The last boom has been one of the largest in history o the next bust will be similar.

The perm prop bulls will be soooo wrong when the next bust comes. The longer this boom last the bigger Nd longer the next but will be.

zagubov

Have you considered you might be living in the wrong city?

If buying a house is important to you and you can't afford it in London, how much have you investigated living in the rest of the UK (which is about 200 times bigger in area and vastly endowed with more affordable property).

London's got its good points but most British people don't live there, and for good reasons.

phillw

zagubov wrote: »

London's got its good points but most British people don't live there, and for good reasons.

Pick any place in the country and you find most people don't live there. In terms of population by area it's not doing that bad.

I'd like to own a second property in London, I wouldn't want to live there all the time. Given that choice, I think most people would accept if they could afford it (which they can't).

lisyloo

AG47 wrote: »

The issue I that the perma prob bulls think boom and bust is over.

Those of us who are more realistic know the truth that after every boom there will be a similar bust.

The last boom has been one of the largest in history o the next bust will be similar.

The perm prop bulls will be soooo wrong when the next bust comes. The longer this boom last the bigger Nd longer the next but will be.

Who believes this?

chucknorris

lisyloo wrote: »

Who believes this?

The thing that I thought was hilarious about that post was:

AG47 wrote: »

Those of us who are more realistic

triathlon

Please please please people, before you waste you life gambling on the property market just read through housepricecrash.com two decades of failure which left behind now middle aged(and many old aged) bitter angry men that have now no chance of any kind of happiness in home ownership. All that is left behind is a rusting website where even the last fraction of members have now become even more Bullish on housing than those of us that have been happily in the game for decades.

They have failed dismally, do not make the same mistake, whatever it takes get on that first housing step and you will never regret it , or you will be left wishing a downfall that will bring the housing market crash that will never happen, anything from bird flu to the Tech crash to a handful of elections, they have made 1000's of wild predictions and not one has come to pass.