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House Price Crash Forum


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About Andyzap

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  1. This seems like a very significant statement to me. Why would he say this? He will have chosen his words very carefully. Does he want to bring house prices down, and if so why?
  2. I think it is a special case - average price is 1.649 million, and there are only 9 sales registered! I'm really just making personal observations of what I've seen over the last couple of years - prices have been largely flat. Intuition tells me that a market can't stay flat at such a high price, so I'm optimistic.
  3. I haven't seen house price falls in London (Islington, Haringey, Hackney, Tower Hamlets areas). I think they have stopped rising, while the cheaper areas of the rest of the country have continued rising, and that's what accounts for gap closing. Has anyone seen real falls in prices in London? Maybe it's different in West and South London?
  4. It's a good indication of some sort of change. But in North and East London, at least, prices are by no means "reasonable" and I am not aware of prices having dropped at all over the last 18 months. I'm not saying it won't happen, but it ain't happenin' yet.
  5. I don't think I'd notice -0.2%. If I were Hammersmith and Fulham, however (-1.2%)!
  6. I'd be interested to see some stats because, from what I've observed, prices in Hackney and Islington haven't dropped at all since Autumn 2004. Some parts of London seem to be going into freefall, but not those two (yet).
  7. Quite true, but the "needs" of the selfish majority have a way winning out. It's called "democracy".
  8. Actually, a period of high inflation may be the only thing that will save a vast swathe of our population from their indebtedness. Inflation is not necessarily a bad thing, despite what current "orthodoxy" might say, because it can be used to correct past indiscretions.
  9. Hello Riser, a question: if prices drop radically over the next few years then, presumably, this will also reduce the long-term trend price; so, if we were to redraw these graphs in a few years time the current +50% peak will actually be even higher, in retrospect?
  10. Actually, Marina I wasn't referencing your post at all. Just so we are straight here.
  11. Just telling you the way it seems (to an "outsider"). Oh, and where did I say I wanted these posts to be censored?
  12. HPC - we all want it, and I'll be gleeful with schadenfreude when the shit hits the fan. To see that I'm not alone in this mindset is part of the reason that I've grown to love this forum over the past few weeks. But, there seems to be an increasing number of thinly veiled racist posts ("immigrants go home" type of crap) that is spoiling this place.
  13. Hi all, my first post - great site, great forum. Just confirms what I've been thinking for quite some time. House prices are on the verge of a major ahem "correction" A useful graph I would like to see, is one that shows house prices (averaged over many years) over an annual cycle, to show which are the busiest months, which are the quietest. A number of times I've read on this forum that May is traditionally very busy, Summer months are quieter - has anyone got the facts and figures that they could share.
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