KevinTheGerbil

To be fair though Capital Economics have been innacurate with their forecasts. Much as I would love them to be correct. Still that's 0.5% rates I guess!

The fact that you (and many others) refer to the general public as 'sheeple' shows a huge amount of arrogance. The 'sheeple' have done OK out of property so far, haven't they?

Excellent piece from the ever reliable FT Lex column (click on link for full article): http://www.ft.com/cms/s/3/6cb5b476-1495-11df-9ea1-00144feab49a.html Won'y make a jot of difference mind. Doesn't matter who gets elected. Tories / Labour won't let the property bubble burst. We need a Land Value Tax now!

Great article, thanks. I dropped into a local EA last week to enquire about the 'market' (what market?) Got the usual BS from the EA.... 'prices holding up well in this area', 'great time to buy' etc. I stated would not be interested unless 25% came off the asking price - as I wanted to protect myself from future price falls. I'd rather get the sale price correct at the outset instead of having to re-negotiate price downwards later on in the transaction. The EA then actually agreed with me..... I think reality might be sinking in with EAs. It's the vendors that need to wise up.

I don't think that's been true for a good while. Their chief ecomonics writer, Larry Elliot, has been bearish for a long while. IMO, it's the Times that's been the more bullish broadsheet with Anne Ashworth and the fkn Bricks Chcks! Looking through the Observer this morning it has a 12 page pullout on the Credit Crisis, bearish articles throughout. In context this 'house prices to soar' article looks ridiculous. I just don't think people are fooled by this bull anymore.

Oh dear. It was a honest question. Unfortunatley I kind of expected your trollish reply. Bye

Absolutely spot on. IMO, if the Tories had been in power during this house price boom we would be still be in a reasonably similar position today. I doubt that the Tories would have chosen to regulate the market any more effectively that Labour.

Who exactly are the 'we' that have supposedly warned me?

I couldn't believe it either - he is an absolute idiot! When Snow asked him about the glut of buy-to-let and self-cert mortgages that got out on control "on your watch". Brown ignored the question and started prattling on about short selling. His refusal to answer the question shows what an arrogant get he is - I can't believe I ever voted for this shower of idiots. Rant Over!

Ditto. I've been closely watching the Shirley/Solihull area for some time now. A lot of properties have been magically reappearing recently! I phoned an EA about a house that came back on the market yesterday. Apparently "it's going to re sell v. quick and the market is still v. busy".....yeahhhh right!

Thanks Dragon. Excellent article, great post. Can't believe some of the idiots in this article... £700 in Sunderland.....what the fook was she thinking. I have absolutley no sympathy for this woman or the thousands of others. They deserve everything that's coming to them.

Solihull and Shirley are decent areas. I grew up in Sheldon, as I kid I loved it. However, every time I visit the place now it's getting worse and worse (same for Yardley). Spend an hour in the 'Sheldon' pub on Cranes Park Road....if you make it out alive it might be your area. Mate just sold his place in Shirley. he sensibly reduced the price to sell now, knowing he'll get less in 12-18 months. Definetley. If Land Rover starts shedding jobs (a possibility) then prices in this area will start to drop like a stone. He/She is a salesperson. They only have their own interests at heart (no matter what they say otherwise) Like a previous poster. Start w/ 20%. I'm looking to move into Shirley when prices fall. There are properties that have been on the market for months....I truly believe a lot of sellers are in denial or have been 'brainwashed' by the media. This will change in the next 6-12 months! Good luck.

As you point out this article is on the commercial property sector. Will we see a 90s style crash in residential property? I'm not so sure. At present, I see it looking like a few years of stagnation and falls in less desireable areas and 1/2 bed new-build flats. Hope I'm wrong though...I could do with a 40% reduction on my ideal home

Couldn't agree more. The reports about trouble in the housing market was nothing new, thanks to HPC.co.uk. However, the impotence of the FSA was an eye opener - I thought they were supposed to have teeth!

Hey there, my first post, apologies if this has already been posted. It's well worth a read. It looks like we're in for a bumpy ride over the next couple of years.....buckle up! Prepare for the credit crisis to spread P.S. HPC is a great site! Glad to know that there are others out there not engaged in this property ramping madness!!