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House Price Crash Forum

Badhairday

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  1. London house prices have not gone up since 2015, in my experience.
  2. The Rents have gone crazy this year. Even roomshare rents have gone up 13% and London room rent supply is down by 53%. Any idea why this is? As for distressed BTLers. I would have assumed BTLers are quids in. If they have sense and make overpayments with the extra rent. As for section 21, not sure why landlords are against it. It would mean longer term tenants. I would mean, tenants are more likely to bring their own furniture. All resulting in much less work/maintenance for the landlord.
  3. You should look up the definition of a Ponzi. I don't think property qualifies.
  4. Thanks for the link. It was fascinating. I always thought of the 1988 HPC as the holy grail, but honestly the 20% crash, was not a huge deal now I have learned that houses had been rising for many years prior, and went up by 16% in 1987 and 25% in 1988.
  5. 4000 gbp to 20,000 gbp is an increase of 400% which i believe puts it in line with the inflation of the time. So not really a profit. I personally don't believe house prices will fall (maybe in the short term), but over the next few years they will keep up with inflation. However, if you want to beat inflation, I would put my faith in commodities.
  6. I know someone who sold their HMO to a young couple, yet to start a family. So that would be 5 renters, replaced by 1 young couple.
  7. The person making the claim supplied a link... If you can't debunk with articles of your own, just move on. As far as I can tell, I have had all my vaccines. However, I'm not convinced mandates and non-stop boosters is the way to go.
  8. I don't think he was trying to frighten anyone. He had a link to a study and was speculating... as he said. Perhaps you have a link to a study which debunks the link he posted? As for the high number of people who were vaxed. That doesn't mean they trust in the need for the vaccine. Most I know, just took it 'cos they fancied going out to eat, or going on holiday, or in some cases, just keeping food on the table by holding on their job.
  9. Is there a way to see this? which properties have sold recently in a certain postcode? I'm not talking about the land registry ...
  10. I agree with the OP. I believe that the top might well be 'middle of this year and then, in real terms, we will see declines. Probably large declines.' However, bearing in mind that, I feel each of the points he raised could also be used to argue for a further HPI: - Interest rates are not even close to keeping up with inflation figures. A .25% increase, when everything else is going up by 10% is a joke. - inflation helps cover up the full extent of house price falls, possibly to the point that it is not nominally recognisable. Salaries will go up to catch up with the inflation. - Our Govt now have fancy new tools such as QE and Modern Monetary Theory. - The capital gains tax increases will put many off putting their second homes on the market. This could push up prices. - Globalisation used to be about western countries paying third world countries for goods and services. Globalisation is not being reversed. Now, the money is flowing from east to west, instead of from west to east.
  11. If prices in london are roughly the same as they were in 2016, they have already been falling in real terms. From here on, I expect wage inflation. Maybe a mini crash before the wage inflation, but I thinkthe wage inflation will have to kick in next year or so.
  12. Im confused. My statements were not at odds with each other. Eg - My house values collapses so I choose not to sell it but to hold on to it. Whats the confusion?
  13. In my experience - London house prices havn't gone anywhere since 2016 in my experience and other Euro cities eg Munich are actually more expensive right now.
  14. I never said the fall was selective. I just said, that a lot of people chose not to sell in a falling market. I can't see nominal prices falling too much. Now we have MMT and QE. Not to mention, foreign cash flowing into the UK like never before.
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