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House Price Crash Forum

Harry Crashman

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About Harry Crashman

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  1. I dont post here anymore these days but i do check in now and again for a quick look. As a priced out first time buyer when house prices were booming I used to read this forum everynight to give myself a bit of hope. I had no hope when prices were sky high a couple of years ago. This forum has kept me sane and reassured when all other media information was damning me to a life time off being someones tennant. A tennant to someone "better" than me who had the intelligence and forsight to take huge loans to buy multiple houses that they could never afford based on the ASSUMPTION that house prices will always go up. We have all been victims to the largest screwing over in human history. There really should be riots on the streets about the governments handling of the economy these past 10 years. If there was any justice in this country Gordon Brown and the heads of the banks would be in the docks for bankrupting the country and robbery of the public. Sorry for rambling there but ill get to the point now which is, I hardly ever come on this site anymore because i don't need to be reassured these days. House prices have been falling everyweek for over a year. The economy is ******ed. Most people in the private sector are worried about losing their jobs. There is going to be no recovery anytime soon. People talking about green shoots are talking crap. I don't come here anymore these days because theres nothing left to dicuss here. The crash that most people on this site were predicting years ago has happened. Why are there still people using these forums? Theres still along way down to go yet. Maybe ill check back in a year or two. So long bears!
  2. I dont post here anymore these days but i do check in now and again for a quick look. As a priced out first time buyer when house prices were booming I used to read this forum everynight to give myself a bit of hope. I had no hope when prices were sky high a couple of years ago. This forum has kept me sane and reassured when all other media information was damning me to a life time off being someones tennant. A tennant to someone "better" than me who had the intelligence and forsight to take huge loans to buy multiple houses that they could never afford based on the ASSUMPTION that house prices will always go up. We have all been victims to the largest screwing over in human history. There really should be riots on the streets about the governments handling of the economy these past 10 years. If there was any justice in this country Gordon Brown and the heads of the banks would be in the docks for bankrupting the country and robbery of the public. Sorry for rambling there but ill get to the point now which is, I hardly ever come on this site anymore because i don't need to be reassured these days. House prices have been falling everyweek for over a year. The economy is ******ed. Most people in the private sector are worried about losing their jobs. There is going to be no recovery anytime soon. People talking about green shoots are talking crap. I don't come here anymore these days because theres nothing left to dicuss here. The crash people on this site were predicting years ago has happened. Why are there still people using these forums? Theres still along way down to go yet. Maybe ill check back in a year of two. So long bears!
  3. I have been watching this one as I live near it and it was origionally listed at £650,000!! Crash What Crash ?? LOL!!
  4. I for one don't believe this story.
  5. I think as more people are failing to sell their spare houses they are turning to the rental market to tie them over. Thus making the rental market more competitive. Ha Ha
  6. With 30% drops already common (this is just asking prices- so probably selling at alot less) things are looking good! The senitment has only turned within the last 6 months, the speed of this crash is unheard of I must assume. The party has well and truely started over here! Those charts don't really make it clear actually how much these places are being reduced so look below for this weeks report. The figures for the past week The report says that last week 17m has been wiped off the value of the N.I. property market.
  7. Here in Northern Ireland the drops have been amazing on all types of houses. This crash is moving with lightning speed.
  8. It will not be anywhere near that long. I llive in Northern Ireland and the market only turned about 6 months ago. Already we have seen massive drops at an amazing rate. Think around 30% with some houses going for even less. To think that only last year people were bidding 30% over the origional asking prices. Most people you talk to in N.I. now accept that property is on the way down and a major correction is underway. This only the beginnig. Most houses are lying unsold with hardly any veiwers. Now that people see house prices falling they are waiting to see how far they go. Not to mention the banks arn't handing out silly mortgages anymore. Check out the Northern Ireland sub forum and it will open you're eyes
  9. I work as an electrician. A young guy whom i'd never met before was working alongside me today. He was about 23. Out of the blue he told be he had just bought a house and was worrying about being skint. He said he bought the house as he was fed up with renting. So sure am I now that the mother of all crashes is well underway I couldn't even bring myself to reply to poor guy. I just went along with it and wished him good luck. What else COULD I say?? I'm sorry to hear that you poor ******* ?? I used to argue with people all the time about there being a housing crash. Now I don't even bother. It dosn't really matter how many times you tell someone the truth, If they believe something else they will go with what they believe no matter how ill the logic. Most people don't have a clue about whats really going on in the world. Few people I meet believe anything thats not in the papers or on News at Ten. All my familly and most friends don't have a notion about whats really happening around them. Sometimes I question my own beliefs with the only reason being everyone else seems to think i'm wrong. However as time goes by we are being proved right. I am amazed at the speed of unfolding events. Most people are oblivious though. They think the good days will not be allowed to end.
  10. You are being very optimistic IMO Heres a better house for cheaper. Seriously why the **** is there a flag in the brouchure picture. Some land there at the side of the place too. I think you could build a few BTL apartments on there
  11. Yes but the money they were getting from their house appreciation means nothing unless they sell up and move down to a cheaper place. If they mew then they are going to have to pay it back sometime
  12. After watching the news tonight (basically a promo for the new Victoria Square shopping centre) I had the thought... Are we not headed into a recession? I have to admit it looks very pretty but does it not seem madness to open a shopping centre of this scale when we are in the midst of a global credit crunch and negative economic growth. Are people really oblivious to the world around them? Do some people think the good times will go on eternally? Also Castlebawn- What has happened to it? Have the developers got a whiff of trouble and decided best no to go ahead with it after all? Smart move if they have.
  13. Im pretty sure i seen this house for sale at about £650K a few months ago Its almost HALF the origional price!
  14. All these new bullish posters suddenly appearing is more than a tad fishy. I don't see anything selling round my way. They must be bored EA's, desperate developers's, mewed to the hilt home owners or new buyer negative equity lifelong debt slaves. Seriously I havn't seen anyone in the local EA office for months. Their website has had the same houses for months. NOTHING SOLD Where is the money coming from for this glorious rebirth of the great property miracle? Not wage inflation anyway. Our boss 'awarded' us all a whopping 1.9% inflation payrise this month. Generous b*stard. :angry:
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