House prices will plummet 10 percent

btloptingout

Running_Horse wrote: »

Exactly, all this crystal ball gazing is irrelevant to most people getting on with their jobs and lives.

Think for one minute how much employment is stacked on property and the process of moving....

Esate agents, builders, handy men, solicitors, surveyors, removals, furnishing retailers, white goods providers.....the list goes on and on and on.

A 10% drop will not happen in isolation.....the ultimate result will be a significant recession....where will your "most people getting on with their jobs and lives" be?

Ask anyone of working age who went through '88-'94 how that inital 10% drop eventualy affected them. It's been so long since we suffered a recession we've forgotten how much they hurt.

Indeed this crystal ball gazing is lost on the average person on the street......the average Joe will not see the personal repurcusions of what's coming for approximately another 18mths.

Running_Horse

btloptingout wrote: »

Think for one minute how much employment is stacked on property and the process of moving....

Esate agents, builders, handy men, solicitors, surveyors, removals, furnishing retailers, white goods providers.....the list goes on and on and on.

I'm not an estate agent or any of those other professions you mentioned, and not all of them will be unemployed. If I was, and if I lost my job, I'd go out and get another one doing something else.

Running_Horse

SquatNow wrote: »

SPLOOOOOSH!!!!!!!!

I forgot to add.... you've all talked about house prices being dropped... we're all going to get our MSE accounts cancelled. This thread will be deleted, then they will be forced to come around to the houses of everyone thats seen it and wipe their minds. You must remember the 2 biggest rules of MSE.
1) Don't talk about house prices crashing.
2) DON'T TALK ABOUT HOUSE PRICES DROPPING.

House prices only go up. Anyone who says otherwise is either an escapee from an insane asylum or a nazi-communist-baby-eater.

Nothing to see here, more along now.

Remember when you ran away
And I got on my knees
And begged you not to leave
Because I'd go beserk

Well you left me anyhow
And then the days got worse and worse
And now you see I've gone
Completely out of my mind

And they're coming to take me away ha-haaa
They're coming to take me away ho ho hee hee ha haaa
To the funny farm
Where life is beautiful all the time
And I'll be happy to see those nice young men
In their clean white coats
And they're coming to take me away ha haaa

You thought it was a joke
And so you laughed
You laughed when I said
That losing you would make me flip my lid

Right? You know you laughed
I heard you laugh. You laughed
You laughed and laughed and then you left
But now you know I'm utterly mad

And they're coming to take me away ha haaa
They're coming to take me away ho ho hee hee ha haaa
To the happy home with trees and flowers and chirping birds
And basket weavers who sit and smile and twiddle their thumbs and toes
And they're coming to take me away ha haaa

I cooked your food
I cleaned your house
And this is how you pay me back
For all my kind unselfish, loving deeds
Ha! Well you just wait
They'll find you yet and when they do
They'll put you in the A.S.P.C.A.
You mangy mutt

And they're coming to take me away ha haaa
They're coming to take me away ha haaa ho ho hee hee
To the funny farm where life is beautiful all the time
And I'll be happy to see those nice young men
In their clean white coats

And they're coming to take me away
To the happy home with trees and flowers and chirping birds
And basket weavers who sit and smile and twiddle their thumbs and toes
And they're coming to take me away ha haaa!

Nick001_2

This crash is obsessive. Media are pushing it

Gambler

btloptingout wrote: »

Think for one minute how much employment is stacked on property and the process of moving....

Esate agents, builders, handy men, solicitors, surveyors, removals, furnishing retailers, white goods providers.....the list goes on and on and on.

We had an agent round last week moaning about how he's had to get rid of half his staff. Expect me to feel sorry for them, they've been raking it in for years now as house prices and their commission soared.

btloptingout

Running_Horse wrote: »

I'm not an estate agent or any of those other professions you mentioned, and not all of them will be unemployed. If I was, and if I lost my job, I'd go out and get another one doing something else.

You don't have to be in a "property" profession to suffer from Gordon 'Prudence' Browns "no more boom and bust".....Do you think all the people in the queue are any different from you?

phlash

ringo_24601 wrote: »

I can afford my mortgage. I have a roof over my house and a job

Until those circumstances change, i will still not be bovvered so what's the hooha about the prices?

If you don;t give two hoots, why are you "bovvered" to read and reply to the thread.

Obviously you must have some interest. Good for you, that you were born at a fortunate time to be able to buy a house. For others of us, its different!

Woby_Tide

poor phlash, the worlds against them, the first person ever, not to be able to buy the house they want, when they want

ruggedtoast

No more house price crash threads. Especially when it looks like theres a house price crash!

Ah who knows, property is very over valued though, it could go down quite a lot and still be dear.

IveSeenTheLight

phlash wrote: »

Good for you, that you were born at a fortunate time to be able to buy a house. For others of us, its different!

What's it got to do with when you were born?
Sure its hard, sure its expensive, sure you need a big deposit.
Now go and speak to your parents and grand parents and ask them how easy was it to get a mortgage for their own home. Also ask them when they bought their first property.
You'll find that this generation is not much different from previous generations.

The problem is that it appears that it has been easy for the last 15 years to get a property because it was just after the last house price correction, mortgages were easy to come by in fact financial institutions were throwing it at you.
This is not the norm, yes people have been very furtunate in this period, but again I ask to you speak to older generations who probably found it just as hard as people today to get on the property ladder.

Did they moan about it, I doubt it, they would have just got on with it and did the best they could