Good news: UK house prices are stuck in the doldrums

lisyloo

Crashy_Time wrote: »

Why the fear of house prices falling then?

fear is the wrong word but I’d be concerned for other members of my family and society who’s short and long term property would be harmed by the economic damage that came along with a crash or significant correct.
A house price crash will not happen in isolation.

A “crash” of 2008/2009 proportions, so what? No big deal.

RelievedSheff

lisyloo wrote: »

fear is the wrong word but I’d be concerned for other members of my family and society who’s short and long term property would be harmed by the economic damage that came along with a crash or significant correct.
A house price crash will not happen in isolation.

A “crash” of 2008/2009 proportions, so what? No big deal.

Why would you be concerned for your family in that situation? If they view their house as a home and not an investment then it makes little difference if the prices rises, falls or stays stagnant.

RelievedSheff

PasturesNew wrote: »

It's a right funny market....

One I was kind of thinking about viewing just sold in 5 days.
The 1000 I haven't fancied enough to view are sitting there 3-4-5 months later.
One that came to market sold quickly, then was relisted as the chain fell apart, I saw it the next day and offered, somebody else got it the next day as I am in a chain and they're not.

It does seem a bit odd.

We part exchanged our house against a new build a few months ago. The developer put it straight on the market and it sold within a couple of days after great interest and six sets of viewings in a couple of days. Yet a house the same type with very similar decor standard and fixtures and fittings at the other end of the street had been for sale for a few months earlier for a similar price and is still for sale with seemingly little interest.

Despite the doom and gloom stories though people are still buying houses. After all everyone need a roof over their head.

lisyloo

RelievedSheff wrote: »

Why would you be concerned for your family in that situation? If they view their house as a home and not an investment then it makes little difference if the prices rises, falls or stays stagnant.

It’s been repeated many times but a crash will not happen without job losses.

I am not concerned about assets prices, my concern is job losses and the financial and emotional well being of those affected. It’s well know there were suicides in the 1929 depression, why would anyone wish those time to come back?

The only reason I can think of is the jealousy of unsuccessful people which is despicable.

phillw

lisyloo wrote: »

It’s been repeated many times but a crash will not happen without job losses.

Not just job losses, it would have to be a serious protracted downturn of the economy.

It would be something like 100 times worse than the 2008 GFC.

Crashy_Time

lisyloo wrote: »

It’s been repeated many times but a crash will not happen without job losses.

I am not concerned about assets prices, my concern is job losses and the financial and emotional well being of those affected. It’s well know there were suicides in the 1929 depression, why would anyone wish those time to come back?

The only reason I can think of is the jealousy of unsuccessful people which is despicable.

You seem to equate success with being part of a property/credit bubble, that is concerning as it renders much of your "advice" as biased. I am sure there have been many suicides due to over-borrowing to "get on the ladder" or being stuck in unsuitable rental for years, both scenarios are caused by the financial bubble that has been pumped and preserved by central banks, the sooner it pops the better IMO. Do you really believe that economic activity will cease due to the property bubble bursting? Things will tick along whether UK property is in a bubble or not IMO.

Crashy_Time

chucknorris wrote: »

I've never seen signs of her being fearful, where are you picking that up from?

Endless posts attacking posts that say a crash is coming/needed.

Crashy_Time

triathlon wrote: »

Everything you post is clearly to rectify your insecurities in life. Who on earth would want to create a country where there are no jobs and it is in financial meltdown in order to get what they want?
You want Corbyn in power, Brexit delivered and pretend to be a spokesman for the tenants of the UK when we all know this is about you alone, God help this country if there were more like you. You are critical about how things are today, it seems because you are not anywhere near the social standing you believe you should be at. But I suggest you do a little research and see what housing conditions were like for many in the UK, even only 50 years ago it was dismal for many. You might not be in the housing you think you deserve, but the fact is housing is todat far better for the majority

It is obvious that most of your posts are a wind up, the one a few posts back was your most intelligent and normal output for some time IMO.

phillw

Crashy_Time wrote: »

Things will tick along whether UK property is in a bubble or not IMO.

The thing about being in a bubble is that it's impossible to know you are, until it bursts.

Tulip mania and the dot com bubble were caused by overvaluing the future price of assets with little inherent value. Houses are a different kind of asset, because they have an inherent value as you can live in them.

Therefore for the property market to be in a bubble and burst, there will need to be a massive devaluing of our economy. Which Boris is looking like he's on track with.

triathlon

Crashy_Time wrote: »

You seem to equate success with being part of a property/credit bubble, that is concerning as it renders much of your "advice" as biased. I am sure there have been many suicides due to over-borrowing to "get on the ladder" or being stuck in unsuitable rental for years, both scenarios are caused by the financial bubble that has been pumped and preserved by central banks, the sooner it pops the better IMO. Do you really believe that economic activity will cease due to the property bubble bursting? Things will tick along whether UK property is in a bubble or not IMO.

"Advice being biased", now I have heard it all.
Your outlook in life and how things should be is like listening to a 3 year old little girl lecture a quantum mechanics to a a Oxford professor