workingnomad

What about the part of Knowle that's near Totterdown? Seems ok when driving through?

Prices wont drop much more. Too many investors waiting to pile in to boost their portfolios.

NZ is heavily dependent on exports and tourism. They are as exposed as any country!

Talking of baps....

You cannot fault him at all for any of these, especially no DSS - who wants some lazy no hoper in their property!

If you have three years accounts you should not have a problem getting a mortgage

Lots of you missed the boat before. My advice is to get into property sooner than later before your left at the port again with only your bitterness for company.

I bid £1.99 and got rejected.

These stories probably represent the most depressing news on here at the moment.

If you don't buy it then someone will and you'll end up renting somewhere similar and paying someone else's mortgage. If you like it, can afford it, then buy it!

OK, crash further then.

from the bbc.... This is the single biggest reason why prices are not going to crash.

Doesn't matter that people are being made redundant in terms of HPI, there are still plenty of wealthy folk and small companies who are going to snap up buy to lets etc

I believe we are at the bottom due to pent up demand, cash rich buyers with no alternative investment and lack of supply.

me too

Supply and demand... More landlords, more population, less housebuilding.

Lots of people are going to miss the boat again and will no doubt be renting for another decade. Landlords will snap up bargains and push prices north.

renter rents for 25 years, hb pays mortgage for 25 years..... whats the difference between them? renter has sweet fa to show for it.

Its all because our tracks are too old and frail to take faster trains... And China is geographically much bigger than the UK so they need faster trains!

McDonalds has a uni apparently.

Having a country full of grads or highly educated people is much more progressive than having it full of chavs, even if they cannot get suitable work upon graduation.

And the other difference is all the property developers, BTLs, property investors, lack of supply etc

Wrong and wrong. I have no interest in prices rising! I am planning on buying soon so why would I want prices to rise? ...and there is no bitterness. I am only stating my opinion that prices will not fall to 3x salary. I just cannot see it happening. I am as annoyed as anyone that houses have become the new way to invest, but I am realistic enough to realise that the longer I sit around watching it, the harder it will be to ever own a place.

I won't come back crying because I am buying a home not an investment.

The bears seem to be overlooking the armies of property developers, amateur landlords etc who are queuing up along with all the long time frustrated renters (with daddy's fat loan deposit) to buy property. The x salary argument is outdated now! If you are going to wait for a house to be 3 or 4x av. salary then you'll be renting for a long time, probably for ever. The laws of supply and demand have not changed but the housing market in the UK, since the BTL revolution and consumer loss of confidence in pensions and savings, has. I am going to buy real soon before prices shoot up again. When the recovery of the economy, jobs, feel-good Olympic factor kicks in, prices will continue upwards, beyond reach of mr or mrs average.