Crash cancelled

pickles110564

brit1234 wrote: »

You are looking at the fastest property crash ever.

Now you are joking.
Come on post us the figures so we can check.:rolleyes:

pickles110564

PasturesNew wrote: »

Crashes don't happen overnight... it's a crash from top to bottom, over a few years. You don't wake up one morning and everything's half price.

In the last crash prices dropped 30% overnight and took about three years to start climbing again.

pickles110564

m00m00 wrote: »

microanalysis of one of the areas I'm tracking on property bee, shows 34.3% of property currently on the market in that area (500 properties), has been reduced in price at least once since January 23rd.

that's pretty significant.

In my area traking on property wasp prices have risen in the last month by 15%.

Lotus-eater

pickles110564 wrote: »

In my area traking on property wasp prices have risen in the last month by 15%.

You've been stung

ManAtHome

pickles110564 wrote: »

In the last crash prices dropped 30% overnight and took about three years to start climbing again.

Which one was that - the Great Fire of London..?
No real difference to what's happening now - weekly reductions over a few years (which were happening to everybody else), then bottomed out for a few years, then started rising again. Only guesses are how far to the bottom and how long until the 'rising again' this time round.

lostinrates

I on't know. It is really difficult to tell what's hype and what's real in this. I am seeing some properties being reduced on net and papers and windows (I don't use property bee) but loads are sticking. Lots of people are hovering to buy, and I see that people think this will create upwards trend rapisly, BUT I don't know where all these people are going to get their mortgages from.

The economy is doing weird things far, far wider than the housing market. (FWIW there was an interesting progamme about corn prices and the comodities market touching on oil and the effect of hege funds etc etc on Radio 4 this evening - it became very easy to understand that the economists don't understand), markets are just so damn GLOBAL that all the knocks hit us but not all the booms seem to!

I really, really doubt that we'll have the huge, huge drops of 80% that some people are sure of, although if they come well, I'll be lucky I guess. But I can't see that this is going to be a quick bounce either. I do think the potential investors in the UK maret are huge, and include a lot of foreign money in the high price areas and that there are lots of people like me, hoping their deposits will go further and further, but for resident buyers, using UK banks?? Well, I think that depends on more than the housing prices. (As I always say, I am really not brilliantly knowledgeable about any of this, I'm just saying my ill informed opinion which is made of trying to understand the opinions of those who seem to succeed financially)

Generali

mr.broderick wrote: »

Seems the forecasted crash has not materialised to the disappointment of some bearish members...More chance of us getting a point in tonights eurovision

You know when you've been trolled.

mr.broderick

Thank you for all that have replied to this thread, i have come to a final decision that we will see a bottoming of falls at 20% followed by a fast increase of 15% and a levelling out at 5% less than peak. I will not be watching eurovision next year i feel the voting is definitely suspect a little bit like the crash forecasts on here.

Lotus-eater

mr.broderick wrote: »

Thank you for all that have replied to this thread, i have come to a final decision that we will see a bottoming of falls at 20% followed by a fast increase of 15% and a levelling out at 5% less than peak.

Phew, I'm glad its finally decided, we can stop the whole board now then

Generali

mr.broderick wrote: »

Thank you for all that have replied to this thread, i have come to a final decision that we will see a bottoming of falls at 20% followed by a fast increase of 15% and a levelling out at 5% less than peak. I will not be watching eurovision next year i feel the voting is definitely suspect a little bit like the crash forecasts on here.

You'll know when the crash in the UK is bad when Goldmans start putting out research about it. I'll put it on here (in a non-copyright infringing manner of course).