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House Price Crash Forum


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Posts posted by Martin_JD

  1. On 10/4/2021 at 10:36 PM, Twenty Something said:

    I've just read this again from the start, and it pretty much has it all. A statement based in reality that everything is just ticking along, followed by 5 pages of the usual suspects climbing over each other to see who can be the most wrong.


    Incredible isn't it!  heh.  It's a shame to say I told you so, but these cranks really should stop presenting people with thier misinformed opinions as facts.  I will bump this again in 6 months time, and we'll have the same conversation :)

  2. On 10/4/2021 at 9:46 PM, TheCountOfNowhere said:

    Say what? 

    Ons said house prices fell 5% last month


    As usual, you're missrepresenting the data to fit your narrative here.  What the ONS did actually say was more nuanced, ie "UK average house prices increased by 8.0% over the year to July 2021, down from 13.1% in June 2021'

    Which means they are still up year on year, as they go on to confirm:

    "UK average house prices increased by 8.0% over the year to July 2021" 

    Source: https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/july2021

    Again, UK house prices have gone ballastic this year, and the crash you and your band of followers predicited earlier in this thread has not materialised. 

  3. 23 hours ago, AndyRB5 said:

    It is a weekend; pretty nice weather throughout the country (Sunday); most of the social restrictions related to COVID-19 now lifted, and yet someone has the inclination and time to post something like this?

    I don’t doubt the truth of what is being said, but I do despair of the sentiment and the pleasure and glee with which it seems to be made. Decent housing is a basic human right, and celebrating in ever increasing prices that puts this out of reach for many is so depressing and sad.

    Apologies if that came across as gleeful Andy,  it was more in response to some of the bears on here who are perennially wrong about the direction of the housing market.  

    The fact that housing is out of reach for many is sad, I agree with you.  I just don’t like the idea of potential buyers being put off from ever taking the plunge under the misapprehension that a crash is about to happen.  

  4. 4 hours ago, TheCountOfNowhere said:

    the housing market has collapsed

    Lol,  didn’t you call the top of the market last year? And now your saying it’s collapsed,  which is the exact opposite of what any of the usual metrics are telling us.  

     The only thing that’s collapsed is your credibility I’m afraid.

  5. I wouldn't panic  - those 5% mortgages still come with the same restrictions in regards to income multiples - so a lot of people will still be priced by the total they are able to borrow based on earnings.  I don't doubt you regarding the madness of the market at the moment, house buyers seem to be outnumbering sellers.  

  6. 12 minutes ago, TheCountOfNowhere said:

    Well put and pretty frightening.

    Saw a 4 bed house in Northants listed today at 25x the local average wage.

    Want a shelter, you're going to have to take on a life time of debt to get one...of course the prices only go up so you wont lose out.....

    It's slavery.

    Sounds like that was out of your price range, but surely there are cheeper more affordable places you could look at?

  7. 14 hours ago, Si1 said:

    No it isn't. Large parts of the working population in serious financial trouble, both through lost income during the pandemic and cladding issues. 

    These large parts of the population you speak of:  Many aren't going to be buying houses regardless of pandemics or "cladding issues".  

    Lots of money still sloshing around, lots of people with deposits ready and the ability to pass affordability tests, lots of competition for the same few houses, which means demand is outstripping supply and prices are going up.  The stamp duty freeze merely poured petrol on the fire.  

    House prices continue to rise, demand continues to outstrip supply, borrowing continues to be at a  record low, but still you continue to grumble and fail to grasp the fundamentals.

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