Jump to content
House Price Crash Forum
Sign in to follow this  
Waiting Patiently

"the House Price Crash Isn't Over Yet"

Recommended Posts

Conway stating the obvious:

..........this boom feels very much like a last hurrah. My hunch is that although many bankers think it really is back to the races (in terms of their remuneration) I suspect otherwise (as you may have told from some of my columns). So after this round of bonuses the extra impetus from the City property buyers could dissipate. Moreover, there are still some fears that we could succumb to another round of financial crisis in the next year or so, something which could do for London prices.

And this small pocket of activity cannot dispel the simple fact that house prices are unlikely to be fair value at the moment. They simply have not come down enough. Moreover, the amount of debt the average mortgage payer is in for has not diminished. Many homeowners have survived the first couple of years of the crisis because the Bank reduced interest rates so much. But they will suffer gradually as the Bank starts to lift rates. According to Fathom Consulting, this confluence of potential foreclosures and defaults could be a major issue for the UK economy next year........

Daily Telegraph

Share this post


Link to post
Share on other sites
Guest KingCharles1st

:angry: B L A S P H E M E R S :angry:

Edited by KingCharles1st

Share this post


Link to post
Share on other sites
Yeah I read today that a single group of economists predicts houses falling 3% this year then rising 2% next.

Wow, I bet you're on the edge of your seat waiting for the sale of the century. :lol:

your hair is a mess.

looking forward to your haircut over the next two years?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   295 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.