Good news: UK house prices are stuck in the doldrums

RealElement47

lisyloo wrote: »

So you think people losing their jobs is a good thing?
You think having car manufacturing located in the uk rather than somewhere else is a bubble?

The distorted broken markets are a bad thing, it's going to be painful to bring back free markets in the correction of everything

lisyloo

I can see what you are getting at and I agree, it i don’t think you (or anyone else) has a crystal ball or inside track on how or when.

No one has an interest in a cliff edge, so there will be various attempts to stage manage the situation.

In general people would be better getting on spending their time improving their skills so they can make the best of whatever the situation is rather then speculating.

Crashy_Time

lisyloo wrote: »

It’s not certain at all.
Parliament are going to do everything they can to stop us leaving.

Yep, and that guarantees more votes for the BP, more chance of JC sneaking in, more political/economic upheaval and much more volatility, all good if you like to see bubbles go pop. The PTB couldn`t have messed this one any more if they tried, they have misjudged the public at every turn, and don`t look likely to stop doing so any time soon. Best bet is a GE, drain the swamp and let the public express their disgust at the absolute nonsense that is going on. Poor remainers can choose Not Fit to Govern (Lib Dems) or House Price Crash (Corbyn) Too funny really.

triathlon

Hectors_House wrote: »

I spoke to the son-in-law of my client yesterday.

He is retired with money in the bank, a nice home in Bristol and a holiday home in Italy.

He’s determined the drop in house prices in London are because of Brexit and that it will spread.

A local EA told me houses are flying off the shelves in my village... as long as you drop your price. I see Sold signs going up then the places coming back up for sale.

If this is the correction folks have talked about then let’s see it matched by wages rising too.

Oh wait. Was that a pig that just flew past.

Maybe if wages did rise the banks would be more willing to lend.

A hard brexit is possible and it will cause a few problems, but it will hit the weakest and very weakest first, renters for example.
There are a lot of people that struggled when house buying conditions were perfect, they have zero chance of surviving in a no deal Brexit UK.

triathlon

lisyloo wrote: »

So you think people losing their jobs is a good thing?
You think having car manufacturing located in the uk rather than somewhere else is a bubble?

You have to bare in mind that there are these HPC cult members that have this long list of paranoid failures that they and nobody else can see in the UK that they spread on every discussion board in the UK.

Their favourites "too much debt" that has been doing the rounds for two decades now,,"rigged, sheeple, prop up, governement or bank manipulation"

It's just so sad

triathlon

RealElement47 wrote: »

The distorted broken markets are a bad thing, it's going to be painful to bring back free markets in the correction of everything

When will this start?

We have been waiting 2 decades since you first started saying this.
Is it another 10, 20 30 years?

Herzlos

RealElement47 wrote: »

The distorted broken markets are a bad thing, it's going to be painful to bring back free markets in the correction of everything

Why does everything need to correct? Don't we have free markets already?


House pricing is based on affordability above all else, it they drop it's because people can't afford them, and that can only be a bad thing. Some will profit (those who are already rich) and some will suffer (those who aren't).


If you're hoping for a crash to improve your lot, then you're going to be disappointed.

movilogo

If you're hoping for a crash to improve your lot, then you're going to be disappointed.

There won't be any overnight crash. But a download trend will set the ball rolling. Once the mindset of "wait as it will go down soon" is established, it will become a self fulfilling prophecy by driving down price further.

Market always becomes static (i.e. few transations) before a crash because people are still in denial mode. Once people enters to "cut loss by selling" stage the panic will start and then only crash will happen.


Crash does not mean houses will be half price but 20% reduction is probable.

lisyloo

Crashy_Time wrote: »

Yep, and that guarantees more votes for the BP, more chance of JC sneaking in, more political/economic upheaval and much more volatility, all good if you like to see bubbles go pop. The PTB couldn`t have messed this one any more if they tried, they have misjudged the public at every turn, and don`t look likely to stop doing so any time soon. Best bet is a GE, drain the swamp and let the public express their disgust at the absolute nonsense that is going on. Poor remainers can choose Not Fit to Govern (Lib Dems) or House Price Crash (Corbyn) Too funny really.

And who do you think will be better off on the whole over the long term?

Those who started mortgages and pension plans at the start of their career and can expect to be mortgage free with a decent pension?

Or those who decided to speculate?

Crashy_Time

triathlon wrote: »

A hard brexit is possible and it will cause a few problems, but it will hit the weakest and very weakest first, renters for example.
There are a lot of people that struggled when house buying conditions were perfect, they have zero chance of surviving in a no deal Brexit UK.

Quickly followed by landlords.