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gruffydd

Collapse In Confidence In Uk Housing Market

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http://www.bbc.co.uk/news/business-11053227

Household gloom

Nearly 69% of Household Finance Index (HFI) respondents reported a rise in the price of their goods and services in August from July, the highest level since Markit and YouGov began their survey 18 months ago.

Tim Moore, economist at Markit, said: "Stronger growth in the UK economy has done little to put a floor under the downturn in household finances."

...The survey found 86% of those polled expected a rise in their cost of living.

With government cutbacks and likely tax rises looming, nearly half of the respondents expected their finances to weaken further over the coming year - while only a quarter felt their incomes would improve.

Job security featured prominently in the results with 22% of private sector respondents reporting a drop in job security, compared to 6% who said they felt more secure.

A weak housing market completes the depressing picture, with about 23% believing their property had lost value in August, compared with 9% who thought it had increased.

Mr Moore said the findings represented "a downbeat mood" which spanned the household income spectrum.

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Yep

A group of Us (HPC crew) called it 6 weeks ago, a Bloody nasty summer which will set the stage for a horrfic Winter.......The banks will take the gloves off....BTL's will be taken out to the wood shed..........inflation will rip & by next summer:-

That X10 !

Mike

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Looks like this is it...

I can't count all the times i've read someone say that other the last month or two on various different threads. If you add them all together I think this truely is it!

I'm getting quite excited...

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When the £ & $ fall (20% ish) will fire up inflation & Merv's replacement will then fire up the rates machine......8% here we come!!!

Mikw

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A weak housing market completes the depressing picture, with about 23% believing their property had lost value in August, compared with 9% who thought it had increased.

:lol: Tis comedy hour once more.

Buy your gold & silver now bretheren. Then sit back & wait at least another five years before buying.

Trying not to be too bored by all the VI crap in the interval.

When the five years are up you may no longer wish to live in the UK, so please be cautious.

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:lol: Tis comedy hour once more.

Buy your gold & silver now bretheren. Then sit back & wait at least another five years before buying.

Trying not to be too bored by all the VI crap in the interval.

When the five years are up you may no longer wish to live in the UK, so please be cautious.

I am sure it is the beginning of serious loss of confidence and ending of denial stage. But we have yet to see substantial falls in price. The pressure is mounting week by week. Be careful on Gold and Silver now, because an actual crash will temporarily take them down. In the longer run, they and their mining stock companions will be the stars of the next 2-3 years. Cash is king for the moment. As it unravels, you will see the USD$ STRENGTHEN AS A 'FLIGHT TO SAFETY'. It will later plunge.

The only unknown is how much printing the Fed will do, or even the BoE. The fact is, printing might put it off a little bit longer, but once again will make the end game even worse.

Inflation is coming. Deflation will only apply to over leveraged assets where you will see debt deflation.

Edited by plummet expert

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I am sure it is the beginning of serious loss of confidence and ending of denial stage. But we have yet to see substantial falls in price. The pressure is mounting week by week. Be careful on Gold and Silver now, because an actual crash will temporarily take them down. In the longer run, they and their mining stock companions will be the stars of the next 2-3 years. Cash is king for the moment. As it unravels, you will see the USD$ STRENGTHEN AS A 'FLIGHT TO SAFETY'. It will later plunge.

The only unknown is how much printing the Fed will do, or even the BoE. The fact is, printing might put it off a little bit longer, but once again will make the end game even worse.

Inflation is coming. Deflation will only apply to over leveraged assets where you will see debt deflation.

Know any good good funds? Merril Lynch have one I believe?

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...The survey found 86% of those polled expected a rise in their cost of living.

Inflation expectations well anchored then. Maybe the public will wake up and realise what will happen to them long term if the current situation persists.

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Know any good good funds? Merril Lynch have one I believe?

You could just short the DJIA index. However, for most of us the casino world is too dangerous. You are best in cash, then later on I have a list of mining shares and will be strongly pro gold and silver once the current undecided period is over. Sold most of my silver for a 45% profit - suspect short term fall more likely.

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You could just short the DJIA index. However, for most of us the casino world is too dangerous. You are best in cash, then later on I have a list of mining shares and will be strongly pro gold and silver once the current undecided period is over. Sold most of my silver for a 45% profit - suspect short term fall more likely.

Physical gold/silver or funds that hold physical gold/silver or mining shares?

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I am sure it is the beginning of serious loss of confidence and ending of denial stage. But we have yet to see substantial falls in price. The pressure is mounting week by week. Be careful on Gold and Silver now, because an actual crash will temporarily take them down. In the longer run, they and their mining stock companions will be the stars of the next 2-3 years. Cash is king for the moment. As it unravels, you will see the USD$ STRENGTHEN AS A 'FLIGHT TO SAFETY'. It will later plunge.

The only unknown is how much printing the Fed will do, or even the BoE. The fact is, printing might put it off a little bit longer, but once again will make the end game even worse.

Inflation is coming. Deflation will only apply to over leveraged assets where you will see debt deflation.

Awesome post - exactly my point of view to the letter

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Inflation is eating into incomes and confidence, as is the dire economic situation - how do you break that spiral then Merv - huh?

Doesn't look like there's any wriggle room left.

Edited by gruffydd

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Inflation is eating into incomes and confidence, as is the dire economic situation - how do you break that spiral then Merv - huh?

Doesn't look like there's any wriggle room left.

Yep, already gone beyond the point where he can ******** the public - the debtors problems have been smeared across the whole economy and spending profile - and we are still as uncompetitive as ever. Sod the exchange rate you don;t start a businesss now becuase of the costs in combination with the prospect of still having to go through the economic pain.

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I am sure it is the beginning of serious loss of confidence and ending of denial stage. But we have yet to see substantial falls in price. The pressure is mounting week by week. Be careful on Gold and Silver now, because an actual crash will temporarily take them down. In the longer run, they and their mining stock companions will be the stars of the next 2-3 years. Cash is king for the moment. As it unravels, you will see the USD$ STRENGTHEN AS A 'FLIGHT TO SAFETY'. It will later plunge.

The only unknown is how much printing the Fed will do, or even the BoE. The fact is, printing might put it off a little bit longer, but once again will make the end game even worse.

Inflation is coming. Deflation will only apply to over leveraged assets where you will see debt deflation.

Gold & silver are not cash in a heavy printing environment? :blink:

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I think cash in the short term will be valuable. Cash that is debt free.

Everyone will try to pay down debt, or scrambling around just to meet monthly payments.

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...

A weak housing market completes the depressing picture, with about 23% believing their property had lost value in August, compared with 9% who thought it had increased.

...

Or in other words, 68% believed that their house had maintained the same value. Wow! What a story!

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Or in other words, 68% believed that their house had maintained the same value. Wow! What a story!

That 69% are probably people who simply don't care how much their home is worth and pay no attention to the papers!

I think we'll see another big bout of 'House Prices Falling' media coverage following the Monthly reports from Halifax/Nationwide etc. I'm seeing a sea of negative asking price changes on Property Bee in my area (Surrey/Hampshire border) which has largely missed the falls up until this point.

Every article will shake the public's confidence further, make buyers haggle harder & sellers lose sleep.

I genuinely believe we're on the next leg down now, If we see a drop of -1.0% or more MoM from Haliwide I think people will get royally spooked!

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  • 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%



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