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The Boom Could Be Back!

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If the boom is back the bust will be even bigger the next time. We need stability not Boom Bust.

A great depression will probably follow another boom not a severe recession like this one. You have been warned.

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If the boom is back the bust will be even bigger the next time. We need stability not Boom Bust.

A great depression will probably follow another boom not a severe recession like this one. You have been warned.

What should happen is a gradual fall in prices over the next 10-15 years. This would allow house prices to get back to realistic levels without harming the economy too much on the way down.

Unfortunately, gradual falls are of no interest to existing homeowners who want to see their house worth as much as possible, or to FTBs who want to buy at a significant % off today's prices more quickly.

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FROM MSE's newsletter - just out

Repossessed Property Buying: Up to 30% off market values. Inc. top sites, auctions & hidden tricks. New briefing

Repossessed or distressed properties can be 30% cheaper than market values, though research and renovations are usually needed. Many've asked how to do it, so this is our provisional quick briefing on where to source bargains inc. specialist search sites, auction houses, middlemen & more. Profiting from others' misery? It's not black and white; when someone's repossessed the debt isn't cleared, they still can owe any shortfall after the property's sold, so more buyers pushing up prices often helps. FULL info in the new Quick Briefing: Buying Repossessions

Is he implying that paying more for a house is good?

Insane money saving idea there.

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It could be back. I still wouldn't like to put money on it!

I doubt its back... my thoughts are if the drops don't return in sept/oct//nov then I will seriously think about putting some property I have onto the market at something like 10% off 2007 and aim to sell it.... reason being prices are unrealistic at this level and they'll either go nowhere for years and years or go backwards quickly... if the downturn doesn't start up again then I reckon we'll see 2006 prices again in 2010 with a severe downturn thereafter.

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