Barclays just rang and told me all new mortgages require 40% deposits now

Mickygg

Crashy_Time said:

Mickygg said:

Crashy_Time said:

https://www.bbc.co.uk/news/business-52016263

You like Burger King then? And there was me thinking you were posting yet another hopeful post from daily fail about house prices going down.

How has it been renting for the last 10 years for you?

Do you think high house prices are a good thing, do you think what is happening is a positive or negative for high house prices?

I wouldn’t say high house prices are good or bad, they both have pros and cons for FTBs and down sizers. Obviously people renting for years on end are very bitter that house prices since the financial crises have increased. Downsizers and people in their forever home will have been happy.

look most people can see that house prices may be impacted and not for the good over the short term. I just can’t stand scare mongering that you constantly do and posting link after link after link from any site possible about the slightest whiff of house prices reducing. 

I must have said so many time’s but I’ll say again. We are in unprecedented times as we all know and no one knows what will happen to the housing market. We can guess about short term impacts but will it be a v shaped fall and recovery? Who knows.

in the meantime crashy I’m sure you’ll keep banging on about how house prices are about to drop 50% over coming months and post more articles from dodgy sites trying to back you up on this.

My guess is that house price growth will slow and turn a little negative over the next 2 quarters but then will quickly pick up once there is light at the end of the tunnel. However my thoughts will change should we still be in lock down in 3 months time with no end in sight of things returning to normal. Before this mess house prices were picking up, house builders selling huge amounts of houses so we were in a good place before this happened. Had we been in a mess before this happened I would guess more at falling house prices, potentially significantly, but I don’t think that will happen. That’s my guess, no one else can say any different with concrete reasons, people on here are all guessing or hoping as different people have different agendas.