Sell Your House Now Or Face 80% Falls, what is YOUR prediction?

LillyJ

neverdespairgirl wrote: »

There is nothing wrong with people choosing to live with their families, whatever their ages - in my opinion.

No their isn't anything wrong with it, it would just strike me that to live with his parents yet have no savings then one of the reasons I stated must have been stopping him build up savings.
I know if I lived at home I would be a lot better off than I am now!

Walletwatch

Oliveru

It does look to me like you are out here trying to wage war with some people here with preset notions (and extreme ones at that) about which way the housing market will sway. I have no problems in hearing out your opinion and the reasons for it, but you seem hellbent upon inviting us to comment on half-baked unsubstantiated views of an armchair expert, who has some preconceived ideas about what life is all about both in the UK and in China, based on what you have probably lifted off the Internet, or picked up from a chatty uncle or aunt.

It's good to see the self-confidence of someone who is probably in his early twenties, but please spare the rest of us this animosity and upholding life in China when you are yet to experience it first-hand. Personally, I can tell you that I am from India and have been working in the UK for the past five years plus, and while for a number of reasons, India seems to be THE place to be in during these times, we all make our choices for specific reasons, and not everyone necessarily would think the same as you and agree that China (or any other place for that matter) is the best place to be.

Cheers and best of luck in China
WW

PasturesNew

Abroad looks great when you're young, fit and full of optimism.
It probably doesn't look that great when you're in your autumn years and looking for a bit of free healthcare and some hand outs.

rustybucket

PasturesNew wrote: »

Abroad looks great when you're young, fit and full of optimism.
It probably doesn't look that great when you're in your autumn years and looking for a bit of free healthcare and some hand outs.

Not easy to get handouts or free health care if you have been abroad for over 3 years even if you have continued NI contributions.

frank.hopper

#1 Oliveru vbmenu_register("postmenu_11017899", true);
MoneySaving Newbie




Sell Your House Now Or Face 80% Falls, what is YOUR prediction?
I strongly believe that between price falls and currency falls houses will drop by 80% on average over 10 years

Little wind up , eh!


How much do you need for a one way ticket to China, P.M. me,


21 my arze! most 21year olds I know can't even spell!


I reckon your 30-40 living in a mini metro, partner's a 'blow up doll' your parked up a lane somewhere, probably connected to someone's wireless broadband...........................get lost .

bandraboy

This is all turning quite nasty and surprisingly very few people have actually used the board to post their estimated price drops. This is worrying me because they haven't even considered it in their own minds. They're just listening to the media (quoting 5-15 per cent drops and a shallow recession). Or because they're sitting comfortably, they don't believe the rug can be pulled out from under their feet - so to speak.

Thanks Oliveru for starting the topic. I'm still interested in hearing people's views on house price falls if anyone's up for sharing their thoughts.

iyiarz

I'm laughing my !!!! off at the title of this post. 80% ! I think I'll call the men in the white coats! Some people on these forums are in CooCoo land.

bandraboy

I think the 80 per cent refers to prices dropping and sterling devaluing. Hence buying property in UK in a few years in a foreign currency may be up to 80 per cent cheaper.
I don't think it'll be that bad. But the forecasts of 10 per cent drops are not fully taking into consideration the severity of our situation.

Global Credit Crunch. Huge inflation. Pound falling. More trouble in the Middle East (Iran).

It is going to be very painful.

MissMoneypenny

EdInvestor wrote: »

We should perhaps bear in mind that despite all the breast- beating, drama, banking and recession fallout it has caused, the US property market has fallen by *only* 13% so far, and people are already talking about it bottoming out soon.

The US has fallen 15%, but because of inflation and high wage rises, they are now at an histoiric low income to house price ratio. Yet many still expect the market to drop another 5%.

Even after the very recent 4% drop in house prices, the UK housing market is at an historic high of wage to house price ratio. Our housing market has a long way to drop to be on a par with the US.

dopester

Gave you a thumbs up bandraboy cause in agreement with you, except it's huge deflation we are in for imo for bricks and mortar assets - with inflation for stuff like food.

Deflation - it's a concept that too many people can't get their heads around, and it's very painful, but better than hyper inflation which totally wrecks economies.

After being beaten back by the financial markets, risking of Treasury bondholders offloading sterling rather than watching their money being inflated away in value, the Government and BoE won't print their way out of this mess.