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House Price Crash Forum


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Posts posted by Dicky

  1. Problem is most vendors aren't all desperate yet to sell and still believe their house is worth peak prices, so the very Agents who have hyped the market are now finding it difficult to talk it down as the vendor will only accept the highist price, so you will see alot of Estate agents in the short to medium going bust, or turning to the steady flow of cash from rental income commisions. But even thats drying up as most Landlords choose to do it them selves as yields are so low, which leads to even more Estate Agents going bust :huh::huh: . Expect a flood of 3 series Beemers on the market in the next 3 months.

  2. Japan is a unique example, alot of people got shafted in the late 80's when the property crash happened, even 0% can't encourage crazy borrowing now. The same will happen here, interest rates will peak at 5.5% next year the, the BTL's will bail out :o , recent FTB's will start feeling the pinch :blink: , a sudden sharp correction will happen in the housing market triggered mainly by slight negative equity worries, consumers will stop consuming :ph34r: . Interest rate will then fall back to 2% but hopefull everybody will have leaned a jolly good lesson :unsure::unsure: .

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