House price crash?

epz_2

a good thing to remember is value is a product of perception as well as need, people dont buy stuff falling in price cause it might make a marginal return over the long term.

well some will but most of the 1,000,000,000+ mortgage holders will have jumped in because of property pr0n programs.

how many dot bom share holders returned to the market once it started going back up, once they got burned they said sod that shares are too risky.

Generali

epz wrote: »

how many dot bom share holders returned to the market once it started going back up, once they got burned they said sod that shares are too risky.

IIRC, that was when the BTL/property bubble really got going. Once it became clear that its_a_scam.com wasn't going to make any money for investors.

epz_2

Generali wrote: »

IIRC, that was when the BTL/property bubble really got going. Once it became clear that its_a_scam.com wasn't going to make any money for investors.

yeah its also about the same time the media moved from how to make a million squillion day tradeing in stock you know nothing about to how to paint a house magnolia and double its value.


out of interest has there been any money making trends in japan in the last 15 years since its hpc, might be nice to spend my excess cash on something other than german cars now the worlds about to go nuts.

Rick62

Aparently the forward house price index is suggesting a drop of about 10.6% over the next 12 months (i.e. this is what people are betting on). Prices have been dropping the last 3 to 4 months and with the credit issues there is no reason to think this will change.

When prices fall they generally fall about 30% in real terms before levelling off, typically with larger absolute falls in the first two years, so about 10% for each of the next two years then several years flat would be realistic.

Of course, no one knows, but at current prices they are not going up in a hurry, so the best option is to wait a few minutes and watch the price reports.

hearts

dannyboycey wrote: »

Vested interest in other words?

?????........I call it like I see it. I have an interest in the market yes. Probably like most on here, thats why we get involved. BUT, is my opinion soley based on my vested interest, no m8 it isn't.
I can't speak for other areas but where I am I see no sign of a crash. The only property not moving here is New Built flats. Something I expected so I have never touched them.
Iv'e bought 4 new (not new build) properties in the last few months. So I definitely have a vested interest but I think this shows that my opinion is a real belief and not just given because I have property and hope the market doesn't fall. ;-)
Have a Happy New Year all ;-)

Badger_Lady

Do you fancy moving to Wales?

Generali

epz wrote: »

yeah its also about the same time the media moved from how to make a million squillion day tradeing in stock you know nothing about to how to paint a house magnolia and double its value.

I always wonder what happened to the bloke that remortgaged his house and started day trading, writing about it in the Sunday Times Business section. It was quite pitiful watching his world fall apart until the Sunday Times pulled the plug.

epz wrote: »

out of interest has there been any money making trends in japan in the last 15 years since its hpc, might be nice to spend my excess cash on something other than german cars now the worlds about to go nuts.

Short selling banking stocks did very well for a while. There was a spate of books entitled, "How to Live on JPY100 a week" or whatever.

Toyota seem to have done pretty well in the past 15 years. I guess what we learn is that if you are brilliant at doing something then the chances are you'll make money whatever happens. What does Britain do best? Shopping! Buy Tescos!

dannyboycey

Woby_Tide wrote: »

just like the OP then?

We ALL have a vested interest, it's just that some of us are a little more upfront about it than others. I'm not for one minute going to suggest that my wanting a crash is totally altruistic, but I honestly feel that a return to reasonable prices would benefit the country as a whole.

dolce_vita

Generali wrote: »

............ Buy Tescos!

Correct me if I'm wrong gen, but groceries, utilities, fags and booze companies are good defensive stocks to own during recessions.

Generali

dolce_vita wrote: »

Correct me if I'm wrong gen, but groceries, utilities, fags and booze companies are good defensive stocks to own during recessions.

Absolutely right. Suit retailers too supposedly. The reason? What's the first thing you buy with your redundancy cheque? A suit for all those interviews!