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House Prices are crashing!!

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  • nelly_2
    nelly_2 Posts: 17,863 Forumite
    First Post Combo Breaker
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    yes they will cos of this.
    no they wont cos of that
  • fitterastra
    fitterastra Posts: 55 Forumite
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    If house prices crash we will go into mass recession it will never happen again like it did before, however i do predict a slight downturn in the near future and a long static period.
  • deemy2004
    deemy2004 Posts: 6,201 Forumite
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    Everytime people think this time its different... well.... er IT NEVER IS !
  • dippy
    dippy Posts: 290 Forumite
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    This is the new paradigm. Recessions and house market crashes are a thing of the past. They will never happen again. Pretty soon, we'll have to remove them from the dictionary because they will never be needed again.
    fitterastra wrote:
    If house prices crash we will go into mass recession it will never happen again like it did before, however i do predict a slight downturn in the near future and a long static period.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
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    Consa wrote:
    You lot need to beware house prices are about to plummet!!

    http://forum.globalhousepricecrash.com

    https://www.housepricecrash.co.uk


    Are you sure? I thought this chart was interesting:

    http://www.housepricecrash.co.uk/indices-nationwide.php#graph
    Trying to keep it simple...;)
  • Murtle
    Murtle Posts: 4,154 Forumite
    First Post First Anniversary Combo Breaker
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    Consa wrote:
    You lot need to beware house prices are about to plummet!!

    http://forum.globalhousepricecrash.com

    https://www.housepricecrash.co.uk


    ah well, guess lots of people won't be moving then....just hope people can carry on affording their mortgages....and the FTB really won't have places to buy!!!!
  • meanmachine_2
    meanmachine_2 Posts: 2,624 Forumite
    First Anniversary Combo Breaker
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    Consa wrote:
    You lot need to beware house prices are about to plummet!!

    http://forum.globalhousepricecrash.com

    https://www.housepricecrash.co.uk

    Ah yes, the famous housepricecrash.co.uk.

    Beloved of FTbers and be-loathed by Kirstie Allsops up and down the land.

    Although I seem to recall that that website's been predicting armageddon for a good few years now.

    Not to say it won't happen at some time, but there seem to be an awful lot of sell-to-renters on that site who have been sitting on their equity an awful long time...

    The one stat that I read on there that freaked me out a little is that, if we think property prices in the UK are crazy, in Ireland they're now 8 times the average salary, so there *could* be a good few years to go before the big bang. Gaah....
  • lady123_2
    lady123_2 Posts: 141 Forumite
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    Consa wrote:
    You lot need to beware house prices are about to plummet!!

    http://forum.globalhousepricecrash.com

    https://www.housepricecrash.co.uk

    lmfao, not another one
  • Robin_Hood_7
    Robin_Hood_7 Posts: 10 Forumite
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    Apr 05 £156,128 ( and the rest )
    Was he historical fact or simply a medieval fiction.....
  • slater14
    slater14 Posts: 88 Forumite
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    Good God! 8 times salary..... seriously?

    meanmachine, can you pop up the link to that page please?

    and theres me thinking the worlds gone mad at 6 times salary!....I'd better not make any Irish jokes (the g/f is a bog trotter and she'd kill me!).

    I wonder whether this is mirrored in places like Bulgaria, Spain, France etc. etc. where there has been a massive influx of money from overseas (UK money usually) but the local wages have not risen to match the new "investors" cash pile or borrowing power?
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