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House Price Crash Forum


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  1. You can't blame the Tories specifically. Labour would do exactly the same - and actively promoted the house price boom of the 2000's. Remember 110% mortgages? Whose watch was that on. And it was Labour who bailed out the banks in 2008, with no criminal prosecutions, and subsequent creation of moral hazard.
  2. What I'd like to do is for someone to start a new political party with correcting the housing market - ie no government interference, no land banking, limiting access to foreign buyers, limiting the amount people can borrow etc - as their core policy. I do feel there is a huge number of people that are educated and don't want this interference, but they are being ignored. And collectively they would have immense voting power. I have thought about looking into it myself but wouldn't know where to start, and would have no idea what to call the party lol.
  3. I think it's Game Over. The next decade will see a house price boom akin to the noughties. And there's no going back for the government from here. They won't be able to retreat from this 'support' once it's fully embedded. I've held off from buying a house for so long - I'm 50 this year. I've been naive and have thought sooner or later, the market will be allowed to follow it's own path. I've been wrong footed at every turn. I've got a sizeable deposit and was planning on seeing how this year panned out before buying with what I feel would be a reasonable mortgage. Now I f
  4. Interesting, semi reasonable article and good for her but as always doesn't provide complete transparency.. https://www.theguardian.com/money/2018/jan/27/teacher-saver-audi-tt 1) Doesn't say where in the country she lives 2) Says she has help with the deposit - but not how much. 3) Tells of the size of the mortgage but not the total value of the house. She seems like a nice person, quite down to earth; not one of those smug b*stard stories we occasionally get. But I do wonder where these people come from. If I was in that position, I certainly wouldn't go to a
  5. So why not present the seasonally adjusted numbers also?
  6. I would expect there to be congruency between the data presented and the narrative. There isn't here..
  7. Don't understand why, when the nominal price has gone down marginally that it's a 0.1% MoM rise...
  8. Apologies if its been mentioned before. It's interesting, I can't find this article now. Click on the link and it takes you to the Telegraph's home page.
  9. Sometimes I feel positive, sometimes negative about the prospect of house price falls, and also (any) government's willingness to do the right thing and give this country the bad medicine it truly needs. Any government is facing a really difficult scenario here. Any policy that leads to significant house price reductions will be immensely unpopular and will be booted out of office before they can say 'Help to Buy'. The homeowning population might well feel sympathy for the youngsters, and even express it quite vociferously; but when it actually comes down to facing the prospect of real
  10. Best article articulating how home ownership is now down to the 'lottery of life' and not hard work. What's really heartening to be reported though is the stories of resentment that are starting to appear within social circles driven by those who are able to access help and those that aren't. This never would have been reported a couple or even one year ago. Get this article out there - share on Facebook, or whatever other channel that might help the cause to get the message out. The tide really is turning.. https://www.theguardian.com/money/2017/nov/11/generation-rent-pro
  11. If you are very fortunate enough to buy a house that you like outright in the area that you like. And it's a house you know you will be happy in when you come back, just buy and don't dwell on the price and which way it might or might not go. You'll have a 100% owned asset earning you income. You are lucky. Very simple answer to me.
  12. http://www.thisismoney.co.uk/money/news/article-4993874/Property-gap-drives-wealth-inequality-higher-UK.html 'The IPPR said that if similar home ownership trends continue, less than half millennials will buy a home before the age of 45 – compared to over 70 per cent of baby boomers who had done so by that age.' Good mainstream article telling it how it is. Need more of these.
  13. Agreed. No debt wipe off. As is often quoted to me re House Prices, 'it is what it is'...
  14. I think the real action will be Corbyn winning the next general election. Si1 made a good point - reset is not a problem for those with nothing to lose. At the last general election, I think the young finally found their voice. Up to then, I think they felt what was the point, nobody listened to them in favour of the property haves aka old people who were more likely to vote. There has become an increasing realisation of the potential of their voting power and more and more people are becoming very angry. In many ways I think Corbyn would be a disaster. But I'm more than
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