Housing Crash Coming

The-Joker

RelievedSheff wrote: »

I would love to know who these "Perma Property Bulls" actually are?

Take it you are not one of them then?

You agree with the rest of us that it’s both possible and probable that a significant correction in property is long overdue?

Sailtheworld

The-Joker wrote: »

You agree with the rest of us that it’s both possible and probable that a significant correction in property is long overdue?

I would've said that everyone thinks it's a raging certainty that there will be a significant reduction in prices at some point.

When is the debate. If you've been calling for a correction for a long time (i.e. it's long overdue) then you've been calling it wrong. Don't feel bad for not being able to call house price crashes - not many people can.

You might find it liberating to embrace this fact and make decisions based on what you know rather than what you pretend to know.

MobileSaver

The-Joker wrote: »

Take it you are not one of them then?

You know he's not because they don't exist and that's why you cannot name any despite being repeatedly asked. (I've only ever seen two names mentioned, Hamish and myself, and a few seconds searching this site confirm neither are bulls and both have said prices will remain stagnant.)

The-Joker wrote: »

You agree with the rest of us that it’s both possible and probable that a significant correction in property is long overdue?

Only a handful here and the HPC nutjobs believe there will be a significant correction; most people think prices will just stay broadly flat for the next few years.

RelievedSheff

I agree that certain parts of the UK are long over due a correction in property prices but I do not believe that they will be anything like the figures bandied around by some lunatics on here.

A few percent here and there maybe but not 30%.

At the same time I dont believe we will be seeing huge increases in house prices either for the next few years. Again a few percent here and there but nothing to write home about or get excited about.

People still need places to live and it is that demand for a limited supply of housing that will stop house prices crashing by the huge sums some dream of.

webjaved

I don't know where people that come out with that properties will drop or surge by 30% get that figure from or what report they've read.

Like @relievedsheff mentions, prices will rise and dip a few percentage, nothing major.

triathlon

MobileSaver wrote: »

You know he's not because they don't exist and that's why you cannot name any despite being repeatedly asked. (I've only ever seen two names mentioned, Hamish and myself, and a few seconds searching this site confirm neither are bulls and both have said prices will remain stagnant.)



Only a handful here and the HPC nutjobs believe there will be a significant correction; most people think prices will just stay broadly flat for the next few years.

Only a major incident would make the fall these nutters keep hoping for happen, WW3, major population fall(not likely, the reverse actually), or the government goes mad and releases masses of new land for building cheaply.

The-Joker

Sailtheworld wrote: »

I would've said that everyone thinks it's a raging certainty that there will be a significant reduction in prices at some point.

When is the debate

This entire board IS the debate

Most of us do not agree with the perma property bulls who think house prices always go up.

If you think a significant correction will happen sometime in the future then you are not a perma prop bull.

I think “with raging certainty” to use your words, that I am not a perma prop bull. This means that I do not believe property will go up forever without a significant correction sometime in the (near) future

Which are you sailtheworld?

The-Joker

triathlon wrote: »

Only a major incident would make the fall these nutters keep hoping for happen, WW3, major population fall(not likely, the reverse actually), or the government goes mad and releases masses of new land for building cheaply.

All of those things never happened all the last times that there were significant corrections in property

lisyloo

There are no perma prop bulls.
Most of us just know we won’t be able to time a significant correction, so get on with our lives and own property, businesses etc.
I may lose my job at some point (and have done several times) it doesn’t stop me working.
We might be in a car or airline crash, it doesn’t stop people driving or flying.
I might get ill, it doesn’t me living.
I might get food poisoning, it doesn’t stop me eating etc.

Sensible people will get on with it but plan sensibly for foreseen and unforeseen events.

The fundamentals are strong. Many people want to come into our country as shown by people tragically dying to get in. Population is rising, household size is getting smaller, lack of building, stable politically and economically (relatively speaking). There aren’t any significant reasons to think a crash is imminent.

Seabee42

There only seems the likelihood of a correction if there is forced selling, how will this occur?