renterbob Posted March 20, 2009 Share Posted March 20, 2009 (edited) 90% off house prices from peak http://www.housepricecrash.co.uk/forum/ind...p;#entry1755241 That's two of us! Tr1ckster and myself. Any takers? This is not a joke. Edited March 20, 2009 by renterbob Quote Link to comment Share on other sites More sharing options...
Boughtin95 Posted March 20, 2009 Share Posted March 20, 2009 I don't believe 90% from peak is likely or possible, 50% - 60% maybe. If houses valued at £250k at peak drop to £25k, which would be a 90% reduction, I'll buy one for each of my kids and two as spares. Quote Link to comment Share on other sites More sharing options...
Guest happy? Posted March 20, 2009 Share Posted March 20, 2009 90% off house prices from peakhttp://www.housepricecrash.co.uk/forum/ind...p;#entry1755241 That's two of us! Tr1ckster and myself. Any takers? This is not a joke. That'll be why I didn't laugh. Quote Link to comment Share on other sites More sharing options...
Super Mario Posted March 20, 2009 Share Posted March 20, 2009 90% off house prices from peakhttp://www.housepricecrash.co.uk/forum/ind...p;#entry1755241 That's two of us! Tr1ckster and myself. Any takers? This is not a joke. 90% off eh? Would that be in nominal or real terms Quote Link to comment Share on other sites More sharing options...
libspero Posted March 20, 2009 Share Posted March 20, 2009 90% off eh? Would that be in nominal or real terms If it's nominal I presume that means an expected average house price of about £20k. This would put the average wage at around £7k Ouch.. Even I am not wishing for that Quote Link to comment Share on other sites More sharing options...
juvenal Posted March 20, 2009 Share Posted March 20, 2009 If it's nominal I presume that means an expected average house price of about £20k.This would put the average wage at around £7kOuch.. Even I am not wishing for that If enough members join you could negotiate discounts off the £20K.... Quote Link to comment Share on other sites More sharing options...
renterbob Posted March 20, 2009 Author Share Posted March 20, 2009 I don't believe 90% from peak is likely or possible, 50% - 60% maybe.If houses valued at £250k at peak drop to £25k, which would be a 90% reduction, I'll buy one for each of my kids and two as spares. Phew, do you realise what you wrote.... up to 60% off!!! Just 6 months ago even hard drilled HPCers would have called for your neck-in-a-noose for suggesting such mad reductions. Some still may. Quote Link to comment Share on other sites More sharing options...
renterbob Posted March 20, 2009 Author Share Posted March 20, 2009 If it's nominal I presume that means an expected average house price of about £20k.This would put the average wage at around £7k Ouch.. Even I am not wishing for that Assume average wage of 20k (for those still in work) Minus bills they can maybe afford a 40k home. In times of depression prices go through the floor. Should I sign you up to the club, bud Quote Link to comment Share on other sites More sharing options...
pmgdawau Posted March 20, 2009 Share Posted March 20, 2009 suppose there needs to be a figure for worst case scenario 90% to me would be after currency reset, massive tax increases, 20% + unemployment, martial law, war etc I expect 2001 prices with 3x salary mortgages. you just need to ask why is UK so wealthy now and what can sustain that wealth in the future. Quote Link to comment Share on other sites More sharing options...
Boughtin95 Posted March 20, 2009 Share Posted March 20, 2009 Phew, do you realise what you wrote.... up to 60% off!!!Just 6 months ago even hard drilled HPCers would have called for your neck-in-a-noose for suggesting such mad reductions. Some still may. I do realise what I wrote, I also said maybe. In all seriousness though, I think 50% from peak is a distinct possibilty. Mind you, I've been expecting an HPC for some time. Group: Members Posts: 208 Joined: 16-August 05 Member No.: 2,766 Quote Link to comment Share on other sites More sharing options...
Guest KingCharles1st Posted March 20, 2009 Share Posted March 20, 2009 This is incubating at exactly the WRONG TIME. I can see some hassle occurring, somebody being shot by a Police Marksman or something, and then we are off and running into the Summer. Advice for protesters- remember the camera's on every lamp=post before you do something stupid Also, this could be Gordon's only chance to get the handshake from the US Prersident he so desperately wants, so he will pull no punches in making sure everything "runs smoothly.' I see a chicken and egg situation now. As there is absolutely NOTHING that is a huge ongoing growth industry in the UK anymore (remember it's different this time) it ought to therefore follow that there are no areas in which the better placed/more fortunate are going to make pots of money in the near future, therefore there is no foreseeable end to a stabilisation or upswing in DESIRE (to own property as an investment) and as anyone who has been on a sales seminar will know, desire is paramount in selling. So without "turning the corner" so to speak, we will carry on in the direction we are currently headed- ie DOWN. and if we keep going in that direction ,a;though personally I don't think we WILL get quite that far, I would think that in a few isolated cases, -90% certainly IS possible. Quote Link to comment Share on other sites More sharing options...
renterbob Posted March 20, 2009 Author Share Posted March 20, 2009 I see a chicken and egg situation now.As there is absolutely NOTHING that is a huge ongoing growth industry in the UK anymore (remember it's different this time) it ought to therefore follow that there are no areas in which the better placed/more fortunate are going to make pots of money in the near future, therefore there is no foreseeable end to a stabilisation or upswing in DESIRE (to own property as an investment) and as anyone who has been on a sales seminar will know, desire is paramount in selling. So without "turning the corner" so to speak, we will carry on in the direction we are currently headed- ie DOWN. and if we keep going in that direction ,a;though personally I don't think we WILL get quite that far, I would think that in a few isolated cases, -90% certainly IS possible. Great post. Application processed, and STC* * 100% fee* up front. Fee = 10 mars bars and a can of beans. Quote Link to comment Share on other sites More sharing options...
libspero Posted March 20, 2009 Share Posted March 20, 2009 Should I sign you up to the club, bud Sorry dude.. it's gonna take at least another 3 pints or a really hot fluffer girl to get me signed up for that Quote Link to comment Share on other sites More sharing options...
renterbob Posted March 20, 2009 Author Share Posted March 20, 2009 suppose there needs to be a figure for worst case scenario90% to me would be after currency reset, massive tax increases, 20% + unemployment, martial law, war etc I expect 2001 prices with 3x salary mortgages. you just need to ask why is UK so wealthy now and what can sustain that wealth in the future. It's not, we're in line to go crawling to the IMF for food packages. Wanna sign up? Quote Link to comment Share on other sites More sharing options...
renterbob Posted March 20, 2009 Author Share Posted March 20, 2009 Sorry dude.. it's gonna take at least another 3 pints or a really hot fluffer girl to get me signed up for that No excuses! Quote Link to comment Share on other sites More sharing options...
Super Mario Posted March 20, 2009 Share Posted March 20, 2009 I'd love to know what you put into your google search to find that picture Quote Link to comment Share on other sites More sharing options...
Guest KingCharles1st Posted March 20, 2009 Share Posted March 20, 2009 Bloody Hell- Parry would be all over you like a rash if he saw that!!! Quote Link to comment Share on other sites More sharing options...
renterbob Posted March 20, 2009 Author Share Posted March 20, 2009 Bloody Hell- Parry would be all over you like a rash if he saw that!!! Why? The babes or the beer? Quote Link to comment Share on other sites More sharing options...
libspero Posted March 20, 2009 Share Posted March 20, 2009 No excuses! PMSL Quote Link to comment Share on other sites More sharing options...
Guest UK Debt Slave Posted March 20, 2009 Share Posted March 20, 2009 90% off house prices from peakhttp://www.housepricecrash.co.uk/forum/ind...p;#entry1755241 That's two of us! Tr1ckster and myself. Any takers? This is not a joke. If houseprices fall 90%, society will have collapsed before you realize it. Frankly, It's possible Quote Link to comment Share on other sites More sharing options...
i wanna house Posted March 20, 2009 Share Posted March 20, 2009 If houseprices fall 90%, society will have collapsed before you realize it.Frankly, It's possible i dont suppose it counts as a 90% drop but there are houses for sale in Liverpool for £20,000. Society might well have collapsed round there tho. I went back to tread old ground and visited the pub opposite my grandads house. The Landlord was telling me how now all the old fellas drank in the wetherspoons up the road he made more money from smack heads coming in to use the phone than from selling beer. grim . Still , i could buy a couple of houses, 'get on the ladder' and start my BTL empire. Quote Link to comment Share on other sites More sharing options...
D.C. Posted March 20, 2009 Share Posted March 20, 2009 I really doubt that 90% percent is possible. The Gov can easily print enough to avoid it before people lose faith in the currency. 90% in some of the BTL's slums outside of london sure, but not as an average nationwide figure. Quote Link to comment Share on other sites More sharing options...
D.C. Posted March 20, 2009 Share Posted March 20, 2009 I'd love to know what you put into your google search to find that picture Flufferettes seems to work best... Quote Link to comment Share on other sites More sharing options...
Fairies Wear Boots Posted March 21, 2009 Share Posted March 21, 2009 I'll join the 60 percent club because I'm not a risk taker! Quote Link to comment Share on other sites More sharing options...
AteMoose Posted March 21, 2009 Share Posted March 21, 2009 The problem with 90% is that it is bruno territory (when he was a bear) before he flipped. Being that negative/believing in the end of the world isnt healthy. Quote Link to comment Share on other sites More sharing options...
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