It's not rocket science, is it?

WTF?_2

Food prices shooting up.
Petrol and diesel getting outrageously expensive.
Heating oil, gas and electricity rocketing.
Banks willing to lend less and demanding larger deposits and better credit records.
Mortgage rates going up.
Central Bank interest rates more likely to rise than fall.
Pound looking shaky and previously cheap things (clothes and electronics) set to rise shortly.
Big month-on-month house price drops.


You really don't need to be Einstein to see where house prices are going to go.

Zammo

Prices always go up in the long term. :rotfl:

A house is a home not an investment.:rotfl:

Immigration is at record levels.:rotfl:

They're not making land anymore.:rotfl:

We live in an era of low inflation and low interest rates.:rotfl:

We have low unemployment.:rotfl:

Economic fundamentals are sound. :rotfl:

Britain is well placed to avoid the global downturn. :rotfl:

Somehow the old arguments for ever rising HPI don't sound so convincing anymore.

:money:

ryandj

!!!!!!? wrote: »

You really don't need to be Einstein to see where house prices are going to go.

That is quite obvious, and is happening already, and will continue to do so for a while longer.

They won't go down forever though, and then what will happen? Who can say right now? They might stagnate, they might go back up again a lot, or not much, or in line with inflation.

BACKFRMTHEEDGE

Zammo wrote: »

:rotfl:

They're not making land anymore.:rotfl:

British Agricultural land has gone up 26% YOY do you know?:D I think I'll become a farmer if I lose me job:cool:

BACKFRMTHEEDGE

A house is a home not an investment. My house is a home

Immigration is at record levels. Sadly, they'll all go home soon - no jobs

We live in an era of low inflation and low interest rates....deflation?

We have low unemployment. This one's not even funny:eek:

:money:

m00m00

the problem with the original post

is since when did sentiment have anything to do with logic or common sense

if it did, we'd never have bubbles

bluejake

ryandj wrote: »

That is quite obvious, and is happening already, and will continue to do so for a while longer.

They won't go down forever though, and then what will happen? Who can say right now? They might stagnate, they might go back up again a lot, or not much, or in line with inflation.

And they might return to the historical norm as they have done after every other bubble in prices.

For house prices to 'go back up again a lot' the banks would have to engage in behaviour which has resulted in some going to wall and many going very close - and it ain't over yet.

I think we can say with some confidence that the banks are not going to repeat and/or exceed their lending policies of the last few years for a very long time and therefore prices ain't going back up again a lot.

WTF?_2

ryandj wrote: »

That is quite obvious, and is happening already, and will continue to do so for a while longer.

They won't go down forever though, and then what will happen? Who can say right now? They might stagnate, they might go back up again a lot, or not much, or in line with inflation.

Of course they won't go down forever.

They will however most certainly go down a lot more until they reach something actually affordable. And since there's going to be a nasty recession in the process that means they will undershoot by quite a bit in the process.

And it was obvious at least a year ago. Plenty here who denied it when the flurry of "not a good time to buy" posts hit a crescendo last September/October. Though most of those who sung the song of eternal house price inflation have been very silent of late.......

Snooze

!!!!!!? wrote: »

Food prices shooting up.
Petrol and diesel getting outrageously expensive.
Heating oil, gas and electricity rocketing.
Banks willing to lend less and demanding larger deposits and better credit records.
Mortgage rates going up.
Central Bank interest rates more likely to rise than fall.
Pound looking shaky and previously cheap things (clothes and electronics) set to rise shortly.
Big month-on-month house price drops.


You really don't need to be Einstein to see where house prices are going to go.

Slow news day today, !!!!!!? ? :rotfl:

Rob

ryandj

I don't really like the general smugness of people around the board who seem happy about house prices crashing, just for the sake of rubbing it in with people who own houses.

IveSeenTheLight

Zammo wrote: »

Prices always go up in the long term. :rotfl:
A house is a home not an investment.:rotfl:

Somehow the old arguments for ever rising HPI don't sound so convincing anymore.

:money:

I'm not saying these are are arguments for ever rising HPI, but they do seem to be sound statements, definately not statements to make me want to ROFLMAO