prices aint budging

neverdespairgirl

lostinrates wrote: »

change in family size. (tbh the whole kids must have their own room thing annoys me, plenty of well ajusted children share with a sibling,

I shared with my 2-years-younger sister until I was 14 or 15, didn't do me any harm. We had a spare room, as well, but my parents thought it was good for us to share, and we had no problems.

At boarding school, I shared with up to 15 other girls

neverdespairgirl

EdInvestor wrote: »

It is not the expensive end of the market that has been affected - it is the riskier bottom end.

I'm not convinced of that - there are big reductions (up to 17%) on asking prices for £1 million + places in WC1.

pickles110564

brit1234 wrote: »

Green shoots, don't treat us as idiots. :snow_laug

Dont you mean blinkered idiots, even if property does go low enough for you to get on board you will still bottle it.:rotfl:

brit1234

pickles110564 wrote: »

Dont you mean blinkered idiots, even if property does go low enough for you to get on board you will still bottle it.:rotfl:

I have saved a £30K deposit, I'm prepared to jump in when ready. I don't have to wait for the full 50% price falls over the next 2 years.

Its just so much fun watching prices plummet. We are looking at 3% falls for next months figures.

:eek:

pickles110564

brit1234 wrote: »

I have saved a £30K deposit, I'm prepared to jump in when ready. I don't have to wait for the full 50% price falls over the next 2 years.

Its just so much fun watching prices plummet. We are looking at 3% falls for next months figures.

:eek:

All that saving and you have only got £30k, wont be much of a pad then but I suppose each to their own.

Snooze

pickles110564 wrote: »

All that saving and you have only got £30k, wont be much of a pad then but I suppose each to their own.

Hilarious. This comes from the "property expert" who only got where he is today by flogging the umpteen grands-worth of beer he scammed from Tesco's. :rolleyes:

Rob

MrsCJH99

Hi pickles110564

I'm not disputing your "green shoots" but can I ask what area you're living in?

I may be an optimist but this country still has close to full employment and so we shouldn't be in too much of panic if house prices drop from the ludicrous prices of last year and the market has stalled.

Fuel and food prices are a worry. But a recession is largely a pyschological state. If people still have jobs we can ride the storm. Some of our European neighbours like France have had 10% unemployment for the last few years. Well before the "credit crunch".

The bad debt our banks bought from our US neighbours was a con. In the US if you can no longer pay your mortgage you can hand back the keys and walk away debt free. No negative equity! No one chasing you to recover debt despite selling your house under your feet at a below market value as happened in our last recession.

So we are, on the whole, ok despite our banks gorging themselves on our US cousins' bad deals.

Hold tight, it may be a rollercoaster but if we all keep our heads things could be ok.

ruggedtoast

Green shoots? Eats shoots and leaves more like. How or why anyone could still be property ramping in the 2nd most overvalued property market in the world, which has just had the legs kicked out from under it due to the credit crisis, peak oil, falling economic growth and rampant inflation, is beyond me.

tr3mor

ruggedtoast wrote: »

Green shoots? Eats shoots and leaves more like. How or why anyone could still be property ramping in the 2nd most overvalued property market in the world, which has just had the legs kicked out from under it due to the credit crisis, peak oil, falling economic growth and rampant inflation, is beyond me.

What's the 1st?

ruggedtoast

The Netherlands.