House Price Falls "welcomed" by nearly Everyone

BACKFRMTHEEDGE

http://news.bbc.co.uk/1/hi/business/7395041.stm




It would appear that house price falls is what nearly everyone wants:T I suppose it's only investors who don't want falls. For "Home" owners falls ar good.:D

Nessa56

BACKFRMTHEEDGE wrote: »

http://news.bbc.co.uk/1/hi/business/7395041.stm




It would appear that house price falls is what nearly everyone wants:T I suppose it's only investors who don't want falls. For "Home" owners falls ar good.:D

Not if you only bought your place last August with a huge deposit and now stand to lose on it, no, falls are not good thanks

v
x

dopester

Stop delighting in the possibility of falling house prices, even if the majority think it's a good thing.

Have you no compassion? You can't hold the outlook that falling property prices are a good thing unless you are bitter and twisted.

Do you not care about the suffering of those who've overpaid massively due to not being able to do their own research in understanding how overvalued some properties are, or those who've equity released the past 8 years for holidays and to buy further properties to rent out?




BTW - Krusty is in the camp of wanting house prices to continue rising (although at a slower pace)

JanCee

BACKFRMTHEEDGE wrote: »

http://news.bbc.co.uk/1/hi/business/7395041.stm




It would appear that house price falls is what nearly everyone wants:T I suppose it's only investors who don't want falls. For "Home" owners falls ar good.:D

28% want house prices to fall. That isn't nearly everyone. 46% would prefer house prices to remain stable. Try re-phrasing the title of your thread to 68% of people don't want house prices to fall. Doesn't sound quite as good does it?

jamtart6

I do feel sorry for some of them, but all it really means is that they would lose out if they moved house in the next few years. If they wanted to stay there for their lives, they wont lose out in the long run - so whats the issue if they fall?!

Lomion

Nessa56 wrote: »

Not if you only bought your place last August with a huge deposit and now stand to lose on it, no, falls are not good thanks

v
x

Why not? You only 'lose' money if you sell up and don't buy a new place.

jamtart6

..and whilst I don't want people to be reposessed, I for one do want to get on the property ladder..so I welcome the fall in house prices

Captain_Mainwaring_2

dopester wrote: »

Stop delighting in the possibility of falling house prices, even if the majority think it's a good thing.

Have you no compassion? You can't hold the outlook that falling property prices are a good thing unless you are bitter and twisted.

Do you not care about the suffering of those who've overpaid massively due to not being able to do their own research in understanding how overvalued some properties are, or those who've equity released the past 8 years for holidays and to buy further properties to rent out?




BTW - Krusty is in the camp of wanting house prices to continue rising (although at a slower pace)

Let's have em drop like a stone - seems people forgot what happened a few years back, and supposedly we only have a "credit crunch" not a recession.

It's only a progression - once you get your fingers burnt you learn not to be too greedy.

I for one am looking to go to the repo sales and kick the kiddies toys off the lawn.

Why do we have to live such a false life? behind a facade of glister purchased on credit. Watch the mock tudor and Mercs disappear and a bit of humility return.

Captain_Mainwaring_2

BACKFRMTHEEDGE wrote: »

http://news.bbc.co.uk/1/hi/business/7395041.stm




It would appear that house price falls is what nearly everyone wants:T I suppose it's only investors who don't want falls. For "Home" owners falls ar good.:D

Correct, falls mean nothing if interest rates don't go crazy (remember 13+%????)

If you can't pay the mortgage because of a couple of percent change in rates then you should have done your sums better - I'll help you move out.

merlinthehappypig

JanCee wrote: »

28% want house prices to fall. That isn't nearly everyone. 46% would prefer house prices to remain stable. Try re-phrasing the title of your thread to 68% of people don't want house prices to fall. Doesn't sound quite as good does it?

True, but in fairness to the OP that is exactly how the BBC were reporting it on the news this morning.

It simply shows that you can make statistics do anything you want them to. These sort of reports are broadly meaningless.

I'm absolutely certain that 100% of the sellers of houses we have viewed don't want prices to fall....................

JayZed

merlinthehappypig wrote: »

I'm absolutely certain that 100% of the sellers of houses we have viewed don't want prices to fall....................

Are you? If you're looking at houses at the top of the ladder that may be true, but speaking as a homeowner (with a decent proportion of equity in my home) who's looking to move further up the property ladder, though probably not until about 18 months from now, I'd welcome a fall in house prices. The price of my 2-bedroom flat may fall, but the price of the 3- or 4-bed house I'll want to buy will probably fall further, so I'll be able to borrow less to buy it.