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House Price Crash Forum

Now or never

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Posts posted by Now or never

  1. 5 minutes ago, Just_Do_It said:

    I agree that it will crash, but can't say when.

     

    Would you like to give a timescale on the crash? - lots of people here, including me, have been expecting it for years now.

    Same here, each time prevented by the common denominator with their props.

    When they decide to remove, let the games commence!

    I believe they've found the perfect scamgoat to do it, and will do within the next six months.

  2. 2 minutes ago, TheCountOfNowhere said:

    This is the result of the actions of the bankets and successive chancellors and governments

    Agreed.

    Unfortunaty those that do not have the ability to join the dots will blame the scam they've fuelled.

  3. 10 minutes ago, Pmax2020 said:

    I really hope we see a crash but I fear covid has changed the way millions of people live and work.

    Yes, as in nothing to live for and no work.

    Government have manipulated house prices and debt for too long, it's now time to control the people.

    House prices are an irrelevance now. Wake up.

  4.  

    Legit this... You’re all being far too melodramatic about this virus.. Can we just remember the deaths are down to existing health conditions and EVEN then deaths reported as testing+ in 28 days..

     

    F’ing hell, seen some ridiculously smart people unable to think outside of a tv box. 
     

    Going to leave milk and cookies out for Santa too? 
     

    Expect vaccines yearly, love to see how many keep it up for a second or even third.
     

    JUST like I said at the start of lockdown, stop being dramatic. Look what’s happened now.. More people in shops, all the idiots who were militant are now dodging rules now for their benefit.. Typical ‘oh it’s okay if we go to xyz’, boozers can’t go drink etc less and less people caring.. So, either everyone’s ‘selfish’, which wouldn’t surprise me or it really IS NOT THAT BAD. 

    Absolutely agree.

     

    The response to this whole pandemic has been irrational and nonsensical in almost every way.

  5. 6 minutes ago, nome said:

     

    Not seen a mini boom down here on the south coast. 

    Prices had been falling up until June, stabilised for a couple of months but seeing reductions again now.

    All seems very regional to me.

    They need more props to stop another downward trend for both house prices and the economy, though personally I think they've shot their load. Everything is against them, SD tax relief effects are waining, wave 2 around the corner, pent up demand gone, banks reducing LTV further, unemployment rising, incomes reducing, all coming to a head as we enter winter.

    If all economic and employment data is looking bad now, just think of the impact on the economy when house prices take their fall.

     

     

     

  6. This so called boom is going to wipe out so many FTBs, it will be heart breaking for them.

    I know many of these buyers, absolutely clueless to what is happening around them, you have to remind yourself this  to understand why four months of delayed viewings and a sprinkle of stamp duty relief is having such an affect.

    On the face of it nothing has changed to these buyers, they neither know or understand any different, they're lambs to the slaughter.

  7. 13 minutes ago, Errol said:

    As predicted, nearly everyone is ignoring the government and staying WFH

    Until they change distancing guidelines, additional (bullshite) procedures/admin, etc, why would any business encourage workers back to the office when all it does is create cost and headaches.

    A shop must absorb all these additional costs but for an office it's optional.

     

  8. There are pros and cons for both workers and employees, but in the main I would say there are alot more pros for both.

    Just a handful in my office want to return to work, we've offered the odd day to return but so few takers makes it unappealing, for most it's just seen as extra hassle, time and cost. Saving on these three factors is a big win for workers, outweighing any cons for most.

    We've seen a huge increase in performance and attendance. Sick days are pretty much down to zero; making it to work when you're a bit groggy is so much easier with an extra hour's sleep, and without the thought of getting ready and to work. This is huge for us, with a constantly high attendance rate, we've unintentionally managed to reduce headcount through natural wastage.

     

     

  9. 7 minutes ago, sammersmith said:

    I hate to say it but i can understand this. 

    If they're sitting on a decent amount of savings and potential redundancy payout then they will not be eligible for benefits. If they're renting then they will have to keep sinking their savings into rent and if they own a less than perfect property then they'll be no opportunity to upsize for years.

    These people more than likely had a plan to buy/upsize in a few years. Having uncertain future earnings combined with a stamp duty freebie has brought these purchases forward. I suspect a lot of the recent mania can be put down to this. 

    So sink all your savings into a property, sorry, debt that you have no means to repay? 

    Yeah, I really understand that!

    Why not move all those savings before making a benefit claim! If you're in a position to have sufficient savings for a property, you must posses sufficient brain cells to adjust your account balance(s).

    Sorry, but this doesn't add up to me and goes against everything a risk averse saver would do.

  10. 8 minutes ago, peter_2008 said:

    This is rather anecdotal, but I know a few people who rushed into buying overpriced house, PRECISELY because they know they may get a pay cut or redundancy. The logic is absurd, but their rational is that if they do get a pay cut or redundancy, then they will not be able to get a big mortgage. Besides, the stamp duty holiday means that if you borrow at 90% LTV, with (say) £3,000 extra cash from saved stamp duty, you can borrow £30,000 more! And if they do get the biggest mortgage they can now and buy the property; once that's done, it is actually very difficult for the banks to repossess the house, particularly if it is the main residency. 

    I guess this is the freighting consequence that if you keep bailing out the reckless, it becomes the new normal; and reckless becomes more reckless.

    They're late to the party, that is the old new normal. There is a new new normal, again, wait til the protection money gives up on them.

  11. 49 minutes ago, Martin_JD said:

    I don't think we'll see a meltdown, not while interest rates remain so low and we have such a lack of supply in this country.  If anything I think prices may dip and then stagnate for a couple of years, but no, i don't think we'll see this supposed meltdown.

    There's no way we'll see a house price meltdown in 6 months, though I think one will soon follow, if no extension to the protection money.

    With regards to the economy, we're already 3 months in to it (the meltdown), but we're all feeling fine and dandy while the protection money flows. Interest rates and lack of supply won't save the economy, but then I suppose Joe public doesn't join those dots when making what is likely to be the largest financial commitment of their lives.

  12. 1 hour ago, Sausage said:

     

    These are exceptionally low volumes and we're just seeing a few people who were desperate to buy splashing the cash

     

    It's not a few people, it's many idiots.

    You have to realise the vast majority of the UK population have no awareness or understanding of the going ons outside of their front door, they're fed by the media and follow the herd.

    Think about it, with understanding of where we're at and where we're going, would they really be buying a house right now? 

    Even the trolls on here wouldn't, if they were to give you an honest answer. 

    In my mind, every time the sheeple snatch another prop, there's more to come crashing down. Not that they're worried, too stupid to.

  13. On 01/08/2020 at 10:01, moonriver said:

     

    Makes you wonder how many have taken these payment holidays because they can't afford the mortgage, or took it because they considered it as a type of "free" gift, that was hard to say no to, because it gives them a nice bit of instant extra income to enjoy spending on extras?

     

    Surely not! You're implying all those that took out self-cert mortgages over 10 years ago would make a false claim for (perceived) financial gain?

  14. 8 hours ago, Speed1987 said:

    Working from home, is a fantasy long term, it's not happening.

    Companies are willing to go with it now, due to retaining the company structure and skill set, without measures in place to easily replace these staff.

    Once, this is either under control or the envitable accepted, you'll be whipped back to work 5 days aweek.

    Our office of over 100 are all working from home, with capability to do anything that can be achieved in the office, other than physically touching each other.

    I've provided training to more than 60 sales staff over 5 sessions, who would normally commute/fly with stay over plus a pisss up. All done from home, saving time for all and savings easily exceeding £10k - that's just costs/expenses.

    The business now wants all to work from home with occasional office days. My team have requested 1 day per fortnight max, nobody wants to go back. I think we would have had a different response 3 months ago but not now.

    What makes you think everybody will be whipped back to 5 days a week in the office when it's a win win for all? Genuinely interested to know what the benefits are for the business and staff, as I for one cannot personally think of one.

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