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

andys15

I have no idea about financial matters what so ever, I know what I can afford each month, and when purchasing a house, I find out what size mortgage I can get, and then look at houses that fall into that range.(still looking)
My interpretation of the housing market is that people who are sitting around, and have probably been sitting around for the last 10 years waiting for prices to drop are deluded.
I can see them now, looking at a fantastic house on rightmove, which is totally out of there price range, dividing it by 80, and thinking, I will be able to buy that once the prices crash. If houses drop by 40 50 60 70 80 per cent, then 40 50 60 70 80 per cent of us are all screwed, regardless of wether you own a home, waiting to pounce.

geoffky

There are some on here who will not know which way to turn in the coming years.

Things are going to get nasty and if you are not ready for it then more fool you.

The information is out there .so use it and be ready for what is brewing
I think the 80s recession was a walk in the park compared to the one coming.

Treadmill

If property prices fall by 80% the majority of homeowners in the UK will be in negative equity.

80% is just fantasy

dopester

Negative equity isn't the end of the world providing you can continue meeting the debt you've eagerly signed up to.

jamescredmond

Treadmill wrote: »

If property prices fall by 80% the majority of homeowners in the UK will be in negative equity.

80% is just fantasy

pure fantasy.

we're looking at anything between 20-40% tops IMHO.

m00m00

the most extreme bears are no different from the most extreme bulls in their ludicrous assumptions and extrapolations.


both utterly barking mad, and heading into tinfoil hat territory

neverdespairgirl

bandraboy wrote: »

More trouble in the Middle East (Iran).

Sadly, not just Iran. Iran, of course, but also Iraq, Syria, Lebanon, possibly Saudi, and definitely the Palestinian Territories.

fc123

Treadmill wrote: »

If property prices fall by 80% the majority of homeowners in the UK will be in negative equity.

80% is just fantasy

The only way that could happen would be if the Govt buy up all the unsold and repod new builds and rent them out as social housing @ £50 pwk...and there would be so many of them, anyone could have one...........so loads of people dump their places on the market.
No more BTL profits as no more need for HB to pay big private rent. Govt give those on benefits a free pad. Saves on admin costs too.

It/s not going to happen.

eco-friendly_2

m00m00 wrote: »

the most extreme bears are no different from the most extreme bulls in their ludicrous assumptions and extrapolations.


both utterly barking mad, and heading into tinfoil hat territory

Easy for you to say.

Datasafe_2

Not read all the post TBH cos it degenerated into mud throwing drivel.

I think the OP has based his 80% figure on a house that has gained 100% in value being cut back to near its starting point.

The fact of the matter is a property that has gained 100% of its value needs only suffer a drop of 50% to return to its starting value. Hence the figures of 35-50% that are being predicted.