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House Price Crash Forum


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About magneticworld

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  1. Also no one has some crystal ball that predicts the next outcome 100% regarding the virus and effect over the next 12 - 18 months (or beyond) on the economy - hang on stay with me for a moment: What if as the economy opens we do not get a 2nd spike or 3rd spike or N spike and the govt (nations etc) find a way to manage the situation if it does happen without needing a 2nd lock down? What if the current hit to industries and economies - bad as they are - become manageable and by 4th quarter and beyond the world (UK, Europe etc etc) begin to learn how to live with the virus and that
  2. Crash - IBIWISI - I'll believe it when I see it. Humour aside the rate of unemployment is the hidden sauce here no matter what anyone says. I have to say though that over the last week I have seen 2 properties listed in an area I'm interested in advertised at almost 10% -15% down from what properties in the area has sold for in the recent past (3 to 6 months ago) - I actually thought the price listing was a mistake or a click bait whereupon by the time you do a viewing and have funds to make an offer the estate agent would then turnaround and tell you that the property is oversubscribed and
  3. I am unsure of a crash of the likes mentioned here and elsewhere will occur. In 2007/2008 the sentiment was pretty much the same as now and the % reductions branded about was stunning - some said 20%, 30% even 50%. COVID-19 has set tongues wagging again and a repeat of the same chatter is going on - submitted an offer on a property last quarter and the vendor, understandably, pulled property out the market when COVID-19 became what it is in the UK. I don't know what the government will do but just as in 2008 they'll probably find a way to keep property from crashing 20%, 30%,
  4. ..why go there? why...? how you got that from the posters reply beats me...
  5. ...very entertaining thread. Whilst I want property prices to come down and gather knowledge on the market from visiting this forum to read debates and differences etc... ..I am often bemused at the hostility shown by some posters when peeps (so called bulls / neithers) have a different opinion to theirs.. they are very quick to hurl abusive or derogatory comments on those who don't follow their line of thought rather than debate the issue like adults and accept that in some cases one must simply agree to disagree This exchange between you and the one who calls you stupid in this particular
  6. ..we've been willing on this fear for a while now. The media have been reluctant to join in. So it depends on which side of the coin you're on. As for me I don't see no fear at all...certainly compared to 2007/2008.. then I could taste the fear. Today..nope.. sorry...... the fear is not yet being smelt..lets see if 20 Oct would at least start briging a little odour - just a little..
  7. ... well we shall know what the spending review really contains within the next few days. Basically the spending review comes down to one thing => cuts. The question is how deep would these cuts be, what areas and within what timeframe would they be implemented??? translation - how many 000's would loose out in the review and the wider economy and how would this translate to house prrice falls?? Something tells me, though, that this is not going to be the event that would make house prices go downhill "immediately"... although it's really the last throw of the dice... I have said it
  8. ...to think there was a time when it used to be 0% saved = buy/mortgage a house or save btw 5K and 10K = buy/mortgage a house 77K..lovely..why not make it 100k.... sounds better!
  9. [and that ties in with the million dollar question] .. what would trigger this desperation? However one paints it desperation has not set in - yet. This is the 4th qrt of 2010. How long do you keep waiting for this so called deperation to become the 'norm' i.e. insted of talking about it, we are living through it??????? [.and that ties in with the million dollar question]
  10. agree with the above...my part of SE London where I'm interested there are a few 3 beds in that 219,000 and below range.. and some highly priced ones seperated by literally one street or two..some of these 219000 ranged props would have been marketed at a standard 245/250K min in the peak.. anyway to think it's been 2 years + and still no sign, no concrete trend, no expected falls, no nada!! mad mad mad... The way things are, I dont think Oct 20th would provide any catalyst.. There's a thread on here questioning if in hindsight one would have jumped on the bandwagon if they knew of the 200
  11. Interesting topic.... Quite a few colleagues of mine at work and a hand ful of friends drive exprnsive cars however I checked Auto trader for an indication of costs for 2nd hand cars (taking mileage into considerartion) and they are damn affordable (as a one-off cost).. so people sometimes buy these cars not factoring in the running cost... As a slight twist to the topic... work colleagues / friends tend to use their car NOT for commuting to work (I aint no CIO, CEO etc ) but mainly for weekend pleasures or evening (after work commutes) .. so how much more affordable inc running cost is thi
  12. Have to say I just had to check out the website to know if it's for real... wowowow
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