KickThemInThePant Posted August 11, 2005 Share Posted August 11, 2005 Latest survey of consumer confidence quoted in Times and elsewhere states that buyer confidence has recently taken an upturn. Rubbish!. The survey is biased from the outset as it is hosted by www.propertyfinder.com which: 1) has a vested interest in artificaially raising consumer confidence to boost the housing market (and so profits) and 2) is visited mainly buy those who can still afford to buy, not those who cannot. If you are looking for a house on this website then cognitive dissonance states that you will not allow yourself to believe that house prices will fall significantly. Personally I'm sick of these surveys and dissinformation from mortgage lenders who are trying to fool buyers with talk of a "soft landing". The market operates by boom and bust... we had the boom, now guess what! Anyone who cannot see the forthcoming crash is blinkered. FIRST TIME BUYERS TAKE ACTION NOW. If you wish to send a small shockwave through the market then complete the survey at www.propertyfinder.com. If everyone from this site completes the survey this may provide a more representative view of confidence in the media. Hopefully this will speed up the downward spiral of consumer confidence, leading to affordable houses once again! Even better, rent and stay out of the market until you can afford the house you want! We don't have to settle for less! Quote Link to comment Share on other sites More sharing options...
Waitingforthesun Posted August 11, 2005 Share Posted August 11, 2005 Just did it, and I answered -20% to the question about my house price expectation! I just had difficulties to fill in the post code since I'm a bloody French Quote Link to comment Share on other sites More sharing options...
StainlessSteelCat Posted August 11, 2005 Share Posted August 11, 2005 -20% for me too. Plus I said energy efficiency was really important and I'd pay more for it. Quote Link to comment Share on other sites More sharing options...
KickThemInThePant Posted August 11, 2005 Author Share Posted August 11, 2005 Thinking of the housing market abroad, came back from Norway on Wednesday. Never thought I would say it but houses are actually much cheaper there than in the UK now! With wages about double that of the UK I'm thinking of emigrating. Quote Link to comment Share on other sites More sharing options...
ianbeale Posted August 11, 2005 Share Posted August 11, 2005 another -20 to the cause Quote Link to comment Share on other sites More sharing options...
Hairlocks Posted August 11, 2005 Share Posted August 11, 2005 I answered everything truefully, so -20% except the 12months time I don't think it will quite be down by 20%, as I think the reported falls (average) are going to start gradually and then accelerate away. As there are still muppets buying at the inflated prices. Quote Link to comment Share on other sites More sharing options...
boom_and_bust Posted August 11, 2005 Share Posted August 11, 2005 Thinking of the housing market abroad, came back from Norway on Wednesday. Never thought I would say it but houses are actually much cheaper there than in the UK now! With wages about double that of the UK I'm thinking of emigrating. <{POST_SNAPBACK}> Shortly to be emigrating to Canada. 4 Bedroom faimly house near the middle of town (one of the major cities) under 200K sterling. Quote Link to comment Share on other sites More sharing options...
HPCheese Posted August 11, 2005 Share Posted August 11, 2005 "Even better, rent and stay out of the market until you can afford the house you want! We don't have to settle for less! " Exactly. The best action we FTB'ers can take is to stay out of the market. Essentially we can bring about a crash by refusing to play the game. Quote Link to comment Share on other sites More sharing options...
Antsy Posted August 11, 2005 Share Posted August 11, 2005 Thinking of the housing market abroad, came back from Norway on Wednesday. Never thought I would say it but houses are actually much cheaper there than in the UK now! With wages about double that of the UK I'm thinking of emigrating. <{POST_SNAPBACK}> Friend of mine lives there and housing seems very cheap. However, he spends an absolute fortune on food - they go across the border to Sweden to stock up on meat owing to the price. As for alcohol, forget it. £5 per pint... So no wonder wages are so high! Quote Link to comment Share on other sites More sharing options...
Tentpeg Posted August 11, 2005 Share Posted August 11, 2005 "Even better, rent and stay out of the market until you can afford the house you want! We don't have to settle for less! "Exactly. The best action we FTB'ers can take is to stay out of the market. Essentially we can bring about a crash by refusing to play the game. <{POST_SNAPBACK}> i can't help but think that renting is only prolonging the boom. After all who are you renting from? The BTLers. I reckon stay out of rented accomodation as well, buy a caravan instead! Quote Link to comment Share on other sites More sharing options...
Jason Posted August 11, 2005 Share Posted August 11, 2005 (edited) Completed Survey! For a direct link to the survey click here: http://www.propertyfinder.com/survey/pfsurvey.htm Edited August 11, 2005 by Jason Quote Link to comment Share on other sites More sharing options...
Guest Posted August 11, 2005 Share Posted August 11, 2005 Done and dusted at -20% plus lots of energy efficient stuff said too. Now, must get those lightbulbs... Quote Link to comment Share on other sites More sharing options...
FrozenOut Posted August 11, 2005 Share Posted August 11, 2005 Done and dusted at -20% plus lots of energy efficient stuff said too. Now, must get those lightbulbs...<{POST_SNAPBACK}> Same! Quote Link to comment Share on other sites More sharing options...
FTB Posted August 11, 2005 Share Posted August 11, 2005 (edited) Same!<{POST_SNAPBACK}> Done. Although now that they've had people other than sellers giving an opinion I'd wager the survey results will be hidden under the rug (Assuming you lot do the survey anyway) Edited August 11, 2005 by FTB Quote Link to comment Share on other sites More sharing options...
homeless Posted August 11, 2005 Share Posted August 11, 2005 -20% ? if houses only drop -20% i still wont be able to afford anything i hope this is in a year cause 140k instead of 180k for the average house still aint enough for me 80k is thats it Quote Link to comment Share on other sites More sharing options...
Jason Posted August 12, 2005 Share Posted August 12, 2005 oK, Redone survey on my work PC! Quote Link to comment Share on other sites More sharing options...
justanewbie Posted August 12, 2005 Share Posted August 12, 2005 IQuestioner: How much will houses cost after the crash?Bearish expert: How much could you afford to pay for a house if you couldn't borrow a mortgage and you had to pay for them with your own cash? That's how much they will cost. It might have been Prechter, but can't remember- sorry. <{POST_SNAPBACK}> As now, they will cost what people are prepared to pay for them. The market is governed and driven, not by EAs or the Government, or the Building Societies, NOR BY SELLERS ... a free market is governed by the customers. Quote Link to comment Share on other sites More sharing options...
whispergold Posted August 12, 2005 Share Posted August 12, 2005 Just did it, and I answered -20% to the question about my house price expectation! Quote Link to comment Share on other sites More sharing options...
Tentpeg Posted August 12, 2005 Share Posted August 12, 2005 -20% ?if houses only drop -20%Â i still wont be able to afford anything i hope this is in a year cause 140k instead of 180k for the average house still aint enough for me 80k is thats it <{POST_SNAPBACK}> I agree, 20% aint nearly enough for most folks. I would need a 50% correction overall to make things affordable again, that's how inflated this bubble is. I earn the average salary, so i must be in the same boat as most. 20%? that's as useless as no crash! Quote Link to comment Share on other sites More sharing options...
laurejon Posted August 12, 2005 Share Posted August 12, 2005 If house prices Crash 20% then many householders will have to clean their own windows and cut their own grass to cut back, they may even have to put off upgrading the BMW this year. Quote Link to comment Share on other sites More sharing options...
marzipan Posted August 12, 2005 Share Posted August 12, 2005 I like the second question: Which of the following reasons do you think will explain the fall? Interest rates will rise Personal borrowing levels are high Increasing unemployment More and more people are moving out of the region House prices are too high relative to incomes I ticked yes on all counts! (i live in sw london) Quote Link to comment Share on other sites More sharing options...
KickThemInThePant Posted August 16, 2005 Author Share Posted August 16, 2005 (edited) Keep up the good work. I'm sure this will start to have an impact on the confidence survey if everyone ticks -20%! Will wait with interest to see whether the results appear in the mainstream media. I can see the headlines now: "SUDDEN LOSS OF CONFIDENCE LEADS TO HOUSING MARKET MELTDOWN!" For those of you haven't filled in this survey follow the link: http://www.propertyfinder.com/survey/pfsurvey.htm Edited August 16, 2005 by KickThemInThePant Quote Link to comment Share on other sites More sharing options...
KickThemInThePant Posted August 16, 2005 Author Share Posted August 16, 2005 I think the results will have an even greater impact if the following are reported: More and more people are looking to rent while selling their own property Increasingly people are prepared to slash the asking price of houses they are currently selling in order to secure viewings and an offer. Quote Link to comment Share on other sites More sharing options...
Not A Mortgage Slave Posted August 16, 2005 Share Posted August 16, 2005 another -20 to the cause<{POST_SNAPBACK}> Ditto. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.