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There will not be a crash

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  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    geoffky wrote: »
    oh how times change.....

    Yep want me to resurface 17000 posts predicting a crash over the last 4 years or shouldn't i bother...Utd awesome today by the way.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    mr.broderick wrote: »
    Yep want me to resurface 17000 posts predicting a crash over the last 4 years or shouldn't i bother...Utd awesome today by the way.

    The crash was always going to happen, it should of started in 2005 but the rate cut gave false confidence and allowed the problem to grow even more. It is not an exact science, too many variables to predict exactly but the warning signals were there for all to see.
    CRASH!

    :D
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    brit1234 wrote: »
    The crash was always going to happen, it should of started in 2005 but the rate cut gave false confidence and allowed the problem to grow even more. It is not an exact science, too many variables to predict exactly but the warning signals were there for all to see.
    CRASH!
    :D
    Yeah i guess you cant be warned early enough 5 years notice good stuff, just about enought time to buy realise 150% increase then sell...bonkers stuff.
  • Old_Git
    Old_Git Posts: 4,751 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Cashback Cashier
    if there is a crash ,how far will prices fall .
    Will they go back to 2005 ,or 2000 prices .
    "Do not regret growing older, it's a privilege denied to many"
  • Laughing_Man_2
    Laughing_Man_2 Posts: 27 Forumite
    mr.broderick wrote: »
    Yeah i guess you cant be warned early enough 5 years notice good stuff, just about enought time to buy realise 150% increase then sell...bonkers stuff.

    I'm sorry but I fail to see what point, if any, you are trying to make here. Can you please spell out your position on the bear case over the last few years in detail?

    I would also appreciate your view on the cause of the credit crisis and your opinion on the future of the housing market both a best and worst case scenario?

    Should be good for a laugh:D. Although I am open to persuasion and if you make a convincing case I will acknowledge it as such.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    nelly wrote: »
    There is no ladder its an utter falacy invented by someone who can convince a morons

    Ok, what metaphor would you use to show where a person can afford certain levels but not higher ones and buy a smaller property to live while continuing to pay off the mortgagea / save up before selling and buying a more expensive property.

    A ladder is a good metaphor for explaining how to reach higher levels.

    It is a very very small percentage that can afford to go straight into a 3/4 bed detached property. Most will start off with a flat and then once established, something more expensive.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Old_Git wrote: »
    if there is a crash ,how far will prices fall .
    Will they go back to 2005 ,or 2000 prices .

    2002 prices :beer:
    poppy10
  • subjecttocontract
    subjecttocontract Posts: 2,745 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    poppy10 wrote: »
    2002 prices :beer:

    Oh good.
    Of my £2.5 Million portfolio only 9% was bought after 2002. No big deal for me then.
  • yellowmonkey
    yellowmonkey Posts: 7,052 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    subjecttocontract wrote: »
    Oh good.
    Of my £2.5 Million portfolio only 9% was bought after 2002. No big deal for me then.

    And your point is :confused: I sometimes wonder why someone with your wealth would bother to visit these forums . Perhaps it is only to rub everyone nose in it. Mind you on the internet I can be anything I want.
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    yellowmonkey wrote: »
    And your point is :confused: I sometimes wonder why someone with your wealth would bother to visit these forums . Perhaps it is only to rub everyone nose in it. Mind you on the internet I can be anything I want.
    Funny, that's just what I said to Jenna Jameson yesterday during a tea break in filming. Got to keep your fluids up.:cool:
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
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