Bears miss bottom of market...

Generali

IveSeenTheLight wrote: »

Actually ARLA said achievable rents were rising all over the UK.
The said that the percentage of members reporting rises had dropped 7%-9%

It should also be worth bearing in mind that ARLA is very London and South East biased

http://forums.moneysavingexpert.com/showpost.html?p=11622673&postcount=18

ARLA's Report
http://www.arla.co.uk/news/0906ARLAMembersSurvey1.pdf

My prediction for rents remains the same. They'll rise as house prices first start to fall as solvent people who are unable or unwilling to buy end up renting.

Then as the secondary effects of the credit crunch come through in the shape of mass redunancies rents will fall quickly as more people rely on welfare or savings to pay the bills and so in both cases will be unable to pay high rents. At that point I predicted that rents will fall rapidly, probably (in real terms) to quite a way below their starting point.

The only caveat is that if certain areas retain a bouyant economy (Aberdeen for the oil for example) then rents are likely to rise further in those places as they suck in workers who can't get a job elsewhere.

pickles110564

PasturesNew wrote: »

The bottom is years away... 2010 minimum.

Still got to see the kitty bounce yet.

I know you aint got crystal balls...........otherwise you would not have wasted you time at all those different jobs!:rolleyes:

IveSeenTheLight

Generali wrote: »

My prediction for rents remains the same. They'll rise as house prices first start to fall as solvent people who are unable or unwilling to buy end up renting.

Then as the secondary effects of the credit crunch come through in the shape of mass redunancies rents will fall quickly as more people rely on welfare or savings to pay the bills and so in both cases will be unable to pay high rents. At that point I predicted that rents will fall rapidly, probably (in real terms) to quite a way below their starting point.

The only caveat is that if certain areas retain a bouyant economy (Aberdeen for the oil for example) then rents are likely to rise further in those places as they suck in workers who can't get a job elsewhere.

I can agree this may happen

Generali

IveSeenTheLight wrote: »

I can agree this may happen

Agreement? I think you must be on the wrong board!

IveSeenTheLight

Generali wrote: »

Agreement? I think you must be on the wrong board!

I think it helps when the post like yours states what might happen instead of what will happen and that you are open to different regional variances and not state that what is happening locally to your area must be happening all over the UK

Keep it up and I'll agree more :T :T :T

skap7309

:T :T :T well done to the majority of posts on here.........classy lunchtime reading.

''my housing portfolio is bigger than yours / you are an idiot / no i am not an idiot you are'' is the general gist over FOUR pages.

Classy, classy discussion there......................its like being back at school.

pickles110564

skap7309 wrote: »

:T :T :T well done to the majority of posts on here.........classy lunchtime reading.

''my housing portfolio is bigger than yours / you are an idiot / no i am not an idiot you are'' is the general gist over FOUR pages.

Classy, classy discussion there......................its like being back at school.

Wished I had gone, it would have been great fun if it is like this.

Annpan

pickles110564 wrote: »

I know you aint got crystal balls...........otherwise you would not have wasted you time at all those different jobs!:rolleyes:

Pickles, I was going to say you are a bit acerbic but I think acetic fits you better. x

dannyboycey

Annpan wrote: »

Pickles, I was going to say you are a bit acerbic but I think acetic fits you better. x

I can think of some better ones but for some reason they keep getting filtered out.

dopester

Ron2256 wrote: »

So why can't you (and pickles) see where the market is going?

http://diy.despair.com/output/poster63101827.jpg