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Has anyone seen an impartial review of the house price situation?

12346

Comments

  • BallandChain
    BallandChain Posts: 1,922 Forumite
    I'm just wondering about the home owners who are saying there isn't a down turn in the market when all the facts say otherwise. I bet those home owners were quick to accept the fact when house prices soared!
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    brit1234 wrote: »
    I am, I will be able to afford in 12 months the way prices are tumbling.:D

    Do you intend to buy when you can afford?
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • nelly_2
    nelly_2 Posts: 17,863 Forumite
    10,000 Posts Combo Breaker
    SquatNow wrote: »
    House prices have never EVER stagnated. Ever.

    People say it's different this time and it is... debts are high, half the country is on benefits, and prices are twice as high vs wages now than they were in the 80s peak.

    ALL independant experts without a vested interest say price will drop. A lot.

    Even a lot of banks are predicting drops, for example HSBC are predicting 30% falls.

    Game over man GAME OVER!!!!!!!!

    I thanked your post cos of the Aliens reference cos weirdly enough I quoted a line out of Aliens on this board yesterday :)

    Anyway

    I personaly think prices need to come down whats the point in giving so much hard earned cash to banks
  • neas
    neas Posts: 3,801 Forumite
    mr.broderick wrote: »
    Its not my fault you lot can't afford a house, get over yourselves!

    Thats a pretty nasty view, by the way. Many FTBers have been really priced out of the market... its not their fault greedy BTLers have pushed the price up along with government policy.
  • Lotus-eater
    Lotus-eater Posts: 10,789 Forumite
    10,000 Posts Combo Breaker
    Greedy BTL'rs? You mean those people that have either invested their money or used the system to try to make money.......
    There will always be greedy people, some of them will be BTL'rs, because its been the best thing to be in for many years. But many normal people have invested in it as well. As said on here by someone before, many because their pension has been stolen or mucked up.
    Freedom is not worth having if it does not include the freedom to make mistakes.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    But many normal people have invested in it as well. As said on here by someone before, many because their pension has been stolen or mucked up

    Or because, despite paying in for 35 years, many of us still haven't a pension which covers our living expenses.
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    I see the HPC mafia is in good voice this morning.;););)

    Is SquatNow the Capo de Tutti?
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    Jonbvn wrote: »
    I see the HPC mafia is in good voice this morning.;););)

    Is SquatNow the Capo de Tutti?

    Try working that out again from all 6 of the morning posts on this thread.. Your stats are wrong.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    My answer to the OP is NO one knows. However if you look at the broader Economic climate (Credit crunch etc) it 'aint looking good!

    I think one of the better indicators are the City 'Spread Betting' firms. They are forecasting more than 5% drop for this year.
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    neas wrote: »
    Thats a pretty nasty view, by the way. Many FTBers have been really priced out of the market... its not their fault greedy BTLers have pushed the price up along with government policy.

    Of course i said that just to show you how extreme views can upset people, we see the opposite view to this plaguing this board all the time, i'm just the most impartial poster on here.. official. Nelly congrats on your google success by the way.
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