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Burn them at the stake fuelled by MDF cutoffs, and scrap bits of wood from cheap, tacky home improvement programmes!!!! Oh yeah, thats after giving them the treatment with a quick lick of paint and a nail gun! One nail for every time they mentioned "Equity" or "Capital" on their show. ITS A BOODY HOME, NOT A PENSION NEST EGG!!!!!! By the way, what is that line kirsty came out with about house prices declining on ITV??? I reckon she is going to regret that statement as much as Michael Fish did in the 1980's!

Part Of the petition should be that we wont start buying again until property drops to 70% or below of their current values!!!!!

I think like hitler at the end of ww2 Gordy has lost the plot... lots of egomania over the last few years, gordy is great etc.... Well, he f**Ked up by raising stamp duty threshold didnt he? actuall believing prices would plateau, once the average HP is below 120 grand he will be rather insolvent.... I think he has just missed the boat to prime ministership personally. Time will tell.

20 thousand sales extra a year is not going to stop the crash d**khead.

Think you will find they are going to charge 4% P.A. to cover costs... no doubt linked to base rate... watch those interest rate rises!

Anyone know who will fund negative equity on the 50%??? Gordy, the bank or the buyer??? this MAY be the weak point of the whole idea, IF we get a definitive answer. FTB's wont buy IF the are still eligible when the crash occurs.

Guys, lets get on it. we HAVE to get onto national newspapers editorial sections today. Left, Right, independent.The story is topical and current. Write letters to Mail Torygraph Guardian Independant Times.... email them all with the same letter. Lots have newspapers have recently been publishing negative stories. The VIs may be loosing control... Email them all.... constructive arguments guys with evidence to back up your arguments... hopefully a few will get through. REMEMBER... the house market is purely propped by public expectation and not reality... we beat that we get our crash. Enough of us do it, they will hear our voice. DONT RANT! One day work on a Sunday and we can get the result we hope for.

IS he though?? or will he use negative equity as a stealth tax ???

That its a token effort; 100000 over 4 years is not going to shaw up the market. Gordy wants to make out he is done everything before the crash, this is purely a damage limitation exercise. He promised no boom and bust; well he's sure as hell got it! Trust this guys, we HAVE to get onto national newspapers editorial sections today. EVERYTHING. Write letters to Mail Torygraph Guardian Independant Times.... Email them all.... constructive arguments guys with evidence to back up your arguments... hopefully a few will get through. REMEMBER... the house market is purely propped by public expectation and not reality... we beat that we get our crash. One day work on a Sunday and we can get the result we hope for.

on sky now bloody VIs

Bloody hell! is that an estate agent coming round to the truth and not following party spin??! Hopefully the first of many!

Anyone reckon the downturn in economy (if it continues) will accelerate this? Hope so. Was hoping to buy in September-October. :-(

Personally think property. Asked a similar qn just before. The government has issued thinly-disguised warnings about house price inflation for a while. whereas the economy is Liarbours Strongest election issue, and if you think that G "Lets steal from the rich" Brown will risk his Ascension to power at the price of the nations equity you have another thing coming. Interest rates have to stay, until Old georgie porgie's soft landing model is exposed for the fraud that it is.

Yeah, but im in a quite a lucky position regarding acomodation and outgoings... most people do not have this luxury. And 40% of our trained workforce are leaving university with 15 grand of debt average, on cards, owed to banks, with no real prospects of getting on the ladder until they have a deposit. How are they going to have a high flying job as a graduate, if they cant afford to pay off that debt and move to good financial centres? myself, with a good wage and 7 grand in savings, do not consider myself in a good position to buy. Its not the negative equity thing either. All I have to do is draw up a simple spreadsheeton excel, and figure how much the banks make out of mortgage loans - Its obscene. Even taking into account of inflation, they make around 70% - 100% Garanteed and protected over 25 years. And thats wrong. Until house prices come down, I aint going to buy.

I reckon any stable, slow growth US/Far eastern equity. If things do go pete tong with the economy and house prices, the dollar aint going to be trading 1.89.... you possibly will make a considerable gain from the exchange rate change alone I would suggest.

Didnt mean to throw a spanner in the works guys, never studied economics and was just wondering whether it was likely. As a new member I think I should give you a little background. I am a graduate engineer who is 23 and on 36 grand a year. I have little debt, (only the remaining student loan which does not really count as it is Inflation linked). I currently am saving around a grand a month but, at present, flatly REFUSE to buy. The reason for this is simple. As soon as a commodity costs more than it is actually worth, IE more than the land, bricks and mortar, labour costs to build etc. Its time to bail. And its been time to bail for at least 4 years now. Furthermore, as a yet to become first time buyer I refuse to have my hard earned and over-taxed wad of moolah conned out of me by idiotic estate agents and fools who expect their retirement nest-egg to be funded by inflationary rises in house prices; this website has only further bolstered my faith in a serious house price crash, and the reason is simple. There is plenty of evidence, from government and other reliable sources that a crash is likely; however, if I do a search on the soft landing model on google, and firm statistical evidence to support it, I cannot find any. This model, i believe is peddled by those who are likely to loose the most, and those who are set to loose profits. I was disgusted to hear on radio 4 today one idiot Estate agent who announced, first time buyers should get on the ladder now before they are completely outpriced. The nerve of these people... For the time being, I am throwing every penny I earn into dollar currency exchange. Because one thing is certain; when the economy comes down around our ears, the pound sure as hell is not going to be trading at 1.89.

Listening to various sources regarding bank of england base rate setting, suspect a possible drop in Base rate may occur. Apparently, the economy is not as stable as once thought, with some members of BOE commenting the recent downturn has caught them a cropper, as recent results are completely unexpected. Now, if rates drop, What are the chances that house sales and average price rise? What will be the effet on the economy if rates drop? Will Inflation rise? Apparently we are shoeing on close to 2%, Browns top limit he has set. Will this go against his inflation target? Where is everyone predicting the next tax rises? I personally think council tax, lets hope not too many will loose their homes as a result, but am guessing this aint going to be healthy for homeowners. Finally, what parameters are different for this upcoming crash compared to the last one? What factors may instigate a soft landing? Not heard too many reasons as to why this model is likely to occur, actually appears as though those hoping for a soft landing are the same people who are likely to loose so much...