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

arthur_dent_2

I truly believe with all my heart that huge falls are imminent, but many people on here are predicting a return to the prices that we had at the lowest point of the last crash. In my area the population has nearly doubled since then but the number of houses certainly hasn't. I don't therefore believe that 80% falls are even vaguely near the mark. 35 - 45% is more like it in my opinion..

John_Pierpoint

LillyJ wrote: »

And I would think you were wrong. The murder of full term new born infants is not abortion.

Totally off topic but I am afraid there is no way you can dress up murdering new born baby girls as abortion.

Citation please

3under3

IveSeenTheLight wrote: »

I think the majority of the correction will be London and the South East with a much smaller if any corrections throughout the rest of the country. (if it follows what happened between 1989 and 1996)

I think the opposite. I lived in yorks in the mid 90's, there was still a real north/south house price divide then with property being much dearer in the south. I think this time property is overpriced throughout the UK now so I'd expect to see falls across the board this time...

nightwatchman

3under3 wrote: »

I think the opposite. I lived in yorks in the mid 90's, there was still a real north/south house price divide then with property being much dearer in the south. I think this time property is overpriced throughout the UK now so I'd expect to see falls across the board this time...

Ditto

In my area (West Midlands) they asking for a rat infested sh####le next to HM prison £109,950!!!!!!! (See here http://www.rightmove.co.uk/viewdetails-10411263.rsp?pa_n=5&tr_t=buy )
At night I wouldn’t dare to drive a tank through Winston Green, not mentioning setting up a home.

LillyJ

John_Pierpoint wrote: »

Citation please

I couldn't be bothered to find anything better but this was the first thing that came up on Google.

http://www.foxnews.com/story/0,2933,281722,00.html

Infanticide, abortion and abandonment are all problems, depending on which part of China you are talking about, rural/vs city etc.

The issue is not of abortion per se (it is about gender selection) and actual MURDER of baby girls.

Sounds like a great policy to me :rolleyes:

LillyJ

nightwatchman wrote: »

Ditto

In my area (West Midlands) they asking for a rat infested sh####le next to HM prison £109,950!!!!!!! (See here http://www.rightmove.co.uk/viewdetails-10411263.rsp?pa_n=5&tr_t=buy )
At night I wouldn’t dare to drive a tank through Winston Green, not mentioning setting up a home.

I totally agree. However OH works as a police officer in a rather undesirable part of South East Birmingham, (won't name it but it was the subject of undercover mosque on Channel 4 and is utterly dire). Anyway, he is always amazed by the number of people with "money" eg lawyers and doctors, who CHOOSE to live in an area with such high crime, and generally totally run down and awful. Each to their own I suppose!

Some people might think Winson Green is a nice area. They would probably be totally mad but that's besides the point!

Starz_Ceilings

arthur_dent wrote: »

I truly believe with all my heart that huge falls are imminent, but many people on here are predicting a return to the prices that we had at the lowest point of the last crash. In my area the population has nearly doubled since then but the number of houses certainly hasn't. I don't therefore believe that 80% falls are even vaguely near the mark. 35 - 45% is more like it in my opinion..

Like yourself, I can't see prices dropping accross the board by as much as 80%. the whole country wiould be on its knees if that happened and millions of people would lose their homes.

I think that you estimate of 35-40% is still a bit on the high side. Or at least I hope it is :eek:

We are in a better position than a lot of people and could just about stay in positive equity even with a 35-40% drop in prices. Any more than that and we would also be in negative equity.

I think we should all get ready for a bumpy ride!

IveSeenTheLight

3under3 wrote: »

I think the opposite. I lived in yorks in the mid 90's, there was still a real north/south house price divide then with property being much dearer in the south. I think this time property is overpriced throughout the UK now so I'd expect to see falls across the board this time...

I didn't say there would not be falls accross the board, but that I believe the majority of the correction will be in London and the South East.

There have been quite a few posts on here saying that a small correction will make their areas affordable to FTBers. Can't recall any of them being form London or the South East.

If your market analysis for your area makes you believe there will be falls there, then that's fine, it may be so.
I just think that like the last time, Over inflated Londong property will mean that the rest of the UK although may drop, will not be as much as for the whole of the UK

IveSeenTheLight

3under3 wrote: »

I think the opposite. I lived in yorks in the mid 90's, there was still a real north/south house price divide then with property being much dearer in the south. I think this time property is overpriced throughout the UK now so I'd expect to see falls across the board this time...

Each area is affected differently.
You really need to look at the market specifically.
Look at http://www.hbosplc.com/economy/inclu...TownsData3.xls for detailed regional figures for the last 20 years

frank.hopper

3under3 wrote: »

I think the opposite. I lived in yorks in the mid 90's, there was still a real north/south house price divide then with property being much dearer in the south. I think this time property is overpriced throughout the UK now so I'd expect to see falls across the board this time...

Well I live in the Outer Hebrides, and haven't seen a soul in 3 weeks, I do hope it won't affect me.