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There will not be a crash
Comments
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Guy_Montag wrote: »Funny, that's just what I said to Jenna Jameson yesterday during a tea break in filming. Got to keep your fluids up.:cool:
Got no Stamina
. A tea break with Jenna.. No way :rotfl::rotfl::rotfl::rotfl:
ym0 -
Laughing_Man wrote: »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.
My case? Do you think i'm that ar.sed?
What i am saying is that pulling posts from 5 months ago when things weren't too bad is a joke as i could pull thousands of posts from the past 4 years predicting a crash when we have seen unbelievable growth during this period so anybody who accepted the advice then were illadvised. The cause of the credit crisis? Christ i wouldn't have thought i would need to explain that i mean its on the news every 5 minutes.Future of the housing market? Well its !!!!!!ed isn't it? We'll see 40 - 50% falls in next 2 years and they will never get back to current levels, will stay around crash levels for 15 years ish as no money to lend to customers etc.. etc....0 -
TBeckett100 wrote: »I am getting a little fed up with HPC threads and doom and gloom.
You are like a Jellyfish.....no brainsFounder member MSE Jet Airways Mile High Club
Member #1
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IveSeenTheLight wrote: »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.
As someone posted on here before, it is not a housing ladder it is a housing rope. You jump as high as you can and hang on for grim death.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.0 -
2002 prices :beer:
My gut feeling is back to around 2004 levels .... but if the economy really goes to hell then all bets are off.
The key here is affordability. The worse the economy gets, the lower prices will have to go to be affordable. A 2004 level of house prices would be 'reasonable' by today's standards but in really hard times they could well plummet lower.
Hmmm, shouldn't this thread be on the 'house prices' sub-forum?--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
MissMoneypenny wrote: »As someone posted on here before, it is not a housing ladder it is a housing rope. You jump as high as you can and hang on for grim death.
What are you saying?
If you are fit and healthy you can climb the rope, if not you jump and hang on for dear life and if you are weak you end up losing your grip.
I can see how this may work
I still prefer ladder as it is easier to climb albeit may you have a larger backpack weighing you down nowadays
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
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BACKFRMTHEEDGE wrote: »When we bought our first flat in 1987 we sold it for £500 less than we bought it 6 and a half year later....so I think 6 years is a good bet. So 2002 is my guess too.;):o
Your example doesn't show historically how long they will drop for, but how long it took to recover.
I've read somewhere before that it took 7/8 years to recover from the "crash" in 1990
So if history repeats itself, you would be looking at approx 4 years of price drops before it climbs again.
The problem is no-one can predict that history will repeat itself, on the otherhand, were already 6 months into price drops so only 3 1/2 to go (how do you do a tongue in cheek smiley?) :wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »I've read somewhere before that it took 7/8 years to recover from the "crash" in 1990
So if history repeats itself, you would be looking at approx 4 years of price drops before it climbs again.
I think there were 3 years of drops altogether - 2 drops, one year flat / slightly up, then another drop before the rise began again.0 -
House prices falling at fastest rate for 30 years anyone?
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=559735&in_page_id=1770&ct=5"One thing that is different, and has changed here, is the self-absorption, not just greed. Everybody is in a hurry now and there is a 'the rules don't apply to me' sort of thing." - Bill Bryson0
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