Jump to content
House Price Crash Forum
Sign in to follow this  
guitarman001

How It Ends

Recommended Posts

Excellent website:

http://www.howitends.co.uk/the-housing-market.php

Love this quote:

'As soon as the money supply was checked house prices had to fall

and there had to be a recession. If property prices collapse

so will the UK banking sector. '

Not to ignore"Between 1975 and 2005 the age of a first time house buyer rose from under 25 to over 40."

The governments of the Western Nations have been dependent upon their people borrowing more and more as their manufacturing capacity has been lost. GLOBILIZATION

Edited by Zngland

Share this post


Link to post
Share on other sites

Good site!

Here is the fun bit for me:

"The fact that 70% of all the new dwellings in London were being bought for investment in 2006 shows the perilous state of that market. It was not new owner occupiers who were supporting the market but speculators looking for a quick return. A housing market that has few new players entering it has to collapse eventually. The housing market in Britain is a pyramid that has lifted away from its base. As a result property will not be a good place to invest cash for the foreseeable future."

70% of all new dwellings in London were bought by speculators?????? Jesus Christ!!!!

I wonder how much was leveraged?......

How much on IO mortgages, just betting on HPI?

Sadly large chunks will have been bought cash by bankers with their bonuses. :angry:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 150 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

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.