what is all this about 'markets worse than it's been for 30 years'?

evergreen

We brought our first house 30 years ago almost to the day. Prices were rising and not much was coming to the market. Gazumping was a feature (thank you to the people who gazumped us by £200 on the first house we were buying as we paid a bit more for another house which was much better!). So what is all this about worse market for 30 years? By the way we sold that house 4.5 years later for more than double the price we paid. As far as I remember the bad time as far as trying to sell a property was the early 1990s. Property prices had gone really mad, up a third in about 3 years and then when interest rates reached 15%, the prices dropped back and there were loads of reprosessions. It was after than the Bank of England started being responsible for the bank rate.

nelly_2

?????

Theres this thing called the internet, you can look stuff up on it

If I was you I'd look up 'monthly mortgage aprovals'

Then 'credit crunch'

Then 'cost of average house versus average wage'

phlash

Then 'troll'

pickles110564

[quote=nelly;10266187
Then 'cost of average house versus average wage'[/quote]
Had the knock knock on your door yet?

evergreen

nelly wrote: »

?????

Theres this thing called the internet, you can look stuff up on it

If I was you I'd look up 'monthly mortgage aprovals'

Then 'credit crunch'

Then 'cost of average house versus average wage'

Its funny but the internet does not say it was worse 30 years ago than it is today, that's what my op was saying. If you look up monthly mortgage approvals for the early 90's they were virtually zero.

kingkano

i thought i read the magic 30yrs thing was because thats when they started keeping records??? (sounds ludicrous I know)

yep I was right

This was the gloomiest reading since Rics began the survey in 1978.

it was apparently lower than the 90s...

Kel_3

phlash wrote: »

Then 'troll'

Charming:rolleyes:

Conrad

Some of us predicted this credit crunch and wrote threads entitled - 'the comming crunch' back in 2005 on Housepricecrash.co.uk, but what did we know, we were just negheads!

TighterThanTwoCoatsOfPain

Conrad wrote: »

Some of us predicted this credit crunch and wrote threads entitled - 'the comming crunch' back in 2005 on Housepricecrash.co.uk, but what did we know, we were just negheads!

I dont doubt prices are slacking off for a second, but dont think you 'crashers' can claim this one..

3 years and an average increase of 17%+ price increases and BANG you got it!

Tell you what, i will start one saying this evening saying "house prices on the up" and BAM in 5 years i'll point you to it! lol

(tongue is firmly in my cheek btw, i just giggled and could help myself, am in one of those moods! .)

nelly_2

TighterThanTwoCoatsOfPain wrote: »

I dont doubt prices are slacking off for a second, but dont think you 'crashers' can claim this one..

3 years and an average increase of 17%+ price increases and BANG you got it!

Tell you what, i will start one saying this evening saying "house prices on the up" and BAM in 5 years i'll point you to it! lol

(tongue is firmly in my cheek btw, i just giggled and could help myself, am in one of those moods! .)

Prices should be lower, MUCH lower!!!

the only people who are really benefitting are banks..... the only people who are getting slapped are everyone!

TighterThanTwoCoatsOfPain

dont nessecarily (sp) disagree. wasnt going for a reaction of anything.... selfishly "i'm alright" in that i bought long enough ago to not lose anything in real terms.

anywayz, apologies conrad, just re-read and t'was the "credit crunch" not the 'looming crash' so will slope out from this one.....

/note to self, no replying to threads when half asleep not paying attention :-P