Housing Crash Coming

Zero_Sum

lisyloo wrote: »

Well depends where you live doesn’t it.
You wouldn’t find those prices in say Bristol which is probably fairly average (I haven’t said London or SE).
Cue - someone bringing up a rightmove link. There are places anywhere for low price if you don’t mind being knifed, having acid thrown in your face. Exceptions not required.

You could say “we’ll move” which is about as crass as telling the unemployed to “get a job”.

We know lots of people can’t move because of children they want to see, grandchildren, parents, disabled relatives, partners job etc. Etc. Etc.

So plenty of people can’t get a house for £100k.

Of course but the person I was quoting said, even in the cheapest areas. Which was my point. & youve just gone off on a complete rant cos you didnt read the post correctly

lisyloo

Good, glad we agree. Sorry if you don’t like my posting style. It’s all just facts.

chucknorris

DannyGold wrote: »

The crash could be larger than most expect, just as the brexit chaos is going to be far worse than most expected

How 'exactly' would that suit your current portfolio of investments? Or do you not actually have a financial interest? Or perhaps you do not even know?

Zero_Sum

:T

lisyloo wrote: »

Good, glad we agree. Sorry if you don’t like my posting style. It’s all just facts.

Is this in response to me? As like your previous post bares very little relation to what I actually posted. Its like you just post random rants at random posters.

triathlon

DannyGold wrote: »

The crash could be larger than most expect, just as the brexit chaos is going to be far worse than most expected

Are you going to elaborate or just make a wrong wild pointless statement straight out of the HPC.com cult

bartelbe

Of course there is a crash coming, the history of economics teachers us that all bubbles crash eventually. The longer it takes to happen, the bigger that eventual crash.

Houses in this country are massively overvalued, ratios of average house prices to incomes are well out of wack. The only reason this has been allowed to continue, is the housing market has been propped up with cheap debt.

When interest rates return to more normal levels and confidence in the market falls, allot of people are in for a nasty shock.

triathlon

bartelbe wrote: »

Of course there is a crash coming, the history of economics teachers us that all bubbles crash eventually. The longer it takes to happen, the bigger that eventual crash.

Houses in this country are massively overvalued, ratios of average house prices to incomes are well out of wack. The only reason this has been allowed to continue, is the housing market has been propped up with cheap debt.

When interest rates return to more normal levels and confidence in the market falls, allot of people are in for a nasty shock.

I have seen the same post as yours word for word posted back in the early 2000's, even the late 1990's by the likes of Professor Oswald and his then followers, and I have heard it hundreds of times since, the " great bubble".
Of course at some point the odds will dictate that something will eventually happen, but right now all the indicators point to another 20 years of housing growth, and for the record I said that 20 years ago as well and put my money where my mouth was and thank God I did

Thrugelmir

bartelbe wrote: »

Of course there is a crash coming, the history of economics teachers us that all bubbles crash eventually. The longer it takes to happen, the bigger that eventual crash.

Crash is an emotive word. Correction sounds much better. To cause a correction only requires a relatively few number of transactions to tip the market downwards. Majority of people remain unaffected as don't move property.

DannyGold

Thrugelmir wrote: »

Crash is an emotive word. Correction sounds much better. To cause a correction only requires a relatively few number of transactions to tip the market downwards. Majority of people remain unaffected as don't move property.

So....
HPC.com could stand for house price correction:)

Whatever word you use it means similar

Property prices went up far more than inflation last decades and there need to be a correction to bring in line with everything else.

Zero_Sum

DannyGold wrote: »

So....
HPC.com could stand for house price correction:)

Whatever word you use it means similar

Property prices went up far more than inflation last decades and there need to be a correction to bring in line with everything else.

Only in certain parts of the country. In other parts of the country (if you follow your reasoning) then they need increase quite a lot to 'correct' them