Jump to content
House Price Crash Forum
Mapatasy

UK house prices could be set for a decline, with ‘disastrous consequences’

Recommended Posts

So a non-productive asset gaining in value faster than wages is "prosperity", or at the very least "not disastrous"?

A big reason why I emigrated. 

Edited by canbuywontbuy

Share this post


Link to post
Share on other sites
4 hours ago, reddog said:

Disastrous for who?

So few people who own a home can afford to move out of it. "Young" (under 40s) people find property utterly unaffordable.  Boomers are dying off.  Not sure who is benefitting from high house prices, but they're in a small minority. 

Share this post


Link to post
Share on other sites
12 hours ago, reddog said:

Disastrous for who?

Many people, a housing bubble popping has terrible side effects. It will be grim, economy in recession and all. Yes leveraged LL will be on the front line, but unemployment will rise and so on and so on. For JAM people it won't be fun.

So aside people who feel extra secure that their jobs won't be affected by something like 2007, and with cash savings yes it can be an opportunity.

Share this post


Link to post
Share on other sites

Alright last sentence has two opposite thoughts intertwined and I can't find an edit button. Bottom line, few winners

Share this post


Link to post
Share on other sites

How will a hpc cause unemployment that doesn't make sense.

I think it will be good if not vital for young people and only mildly uncomfortable for boomers. Certainly not disastrous.

Except maybe for the tory party. Hahaha.

Share this post


Link to post
Share on other sites
51 minutes ago, EnglishinWales said:

How will a hpc cause unemployment that doesn't make sense.

More like unemployment causing HPC as the newly jobless cannot keep up mortgage payments?

Share this post


Link to post
Share on other sites
1 hour ago, Freki said:

Many people, a housing bubble popping has terrible side effects. It will be grim, economy in recession and all. Yes leveraged LL will be on the front line, but unemployment will rise and so on and so on. For JAM people it won't be fun.

So aside people who feel extra secure that their jobs won't be affected by something like 2007, and with cash savings yes it can be an opportunity.

Very true - but coming off heroin is pretty awful too (I have heard).  Doesn't mean to say taking it was a good idea in the first place.

Share this post


Link to post
Share on other sites
3 minutes ago, Barnsey said:

Needs to happen now or never, a necessary evil, they can use Brexit as their excuse if they want...

Mortgage debt for over-65s set to double by 2030: report - Sky News
http://news.sky.com/story/mortgage-debt-for-over-65s-set-to-double-by-2030-report-10861143

Sadly the chancellors of the last decade have been aware of the gambit. They need to keep the economy purring, its a big game... notice the shift in politics from owning to renting... They cannot afford to crash the economy.

Share this post


Link to post
Share on other sites
7 minutes ago, Barnsey said:

Needs to happen now or never, a necessary evil, they can use Brexit as their excuse if they want...

Mortgage debt for over-65s set to double by 2030: report - Sky News
http://news.sky.com/story/mortgage-debt-for-over-65s-set-to-double-by-2030-report-10861143

For the people that will be over 65 in the 2030s? Well that would be all the people currently in their early 50s and below who have been victims of the Governments disastrous policies.

Share this post


Link to post
Share on other sites

Is this thing finally crashing? On a global scale? See my thread on the complete and utter devastation engulfing Australia, following on from Vancouver and Toronto and with London knocking on the doors hard to join the party. Has anyone ever died from eating too much popcorn? 

Share this post


Link to post
Share on other sites
5 minutes ago, AvoidDebt said:

Has anyone ever died from eating too much popcorn? 

Just enjoy the show:

putin%20popcorn%20color.jpg

Edited by Errol

Share this post


Link to post
Share on other sites
1 minute ago, AvoidDebt said:

Is this thing finally crashing? On a global scale? See my thread on the complete and utter devastation engulfing Australia, following on from Vancouver and Toronto and with London knocking on the doors hard to join the party. Has anyone ever died from eating too much popcorn? 

It depends on sentiment. if consumers stop buying, then prices have to drop to intince them. The country has sufficient supply of housing, the affordability of them is constrained by low wage growth and low interest rates.

Share this post


Link to post
Share on other sites
8 minutes ago, Barnsey said:

Needs to happen now or never, a necessary evil, they can use Brexit as their excuse if they want...

Mortgage debt for over-65s set to double by 2030: report - Sky News
http://news.sky.com/story/mortgage-debt-for-over-65s-set-to-double-by-2030-report-10861143

"They will be more likely to trade up later in life and repay at least part of the mortgage from retirement income or draw more to fund needs in later life."

 

Yesssss.... Ignore the boomer demographic collapse which we have just started, and the fact tha most people under 45 have much smaller pensions. In 10 years time the aerage 65 will be someone who's put £20 into a personal pension for 30 years.

Share this post


Link to post
Share on other sites
7 minutes ago, AvoidDebt said:

Is this thing finally crashing? On a global scale? See my thread on the complete and utter devastation engulfing Australia, following on from Vancouver and Toronto and with London knocking on the doors hard to join the party. Has anyone ever died from eating too much popcorn? 

What thread is that the "Faces it`s Demons" thread?

Share this post


Link to post
Share on other sites
54 minutes ago, iamnumerate said:

Very true - but coming off heroin is pretty awful too (I have heard).  Doesn't mean to say taking it was a good idea in the first place.

I am just stating that it will be hard for a lot of people. And like in any crisis there are some winners. I would like to think I'll be one of them (worldwide shortage of skill in my work and non UK -EU- NA related job on a very safe niche...) 

But I know some people who are JAMs who will have a very difficult time. I can't care less than the LLs that have been milking me and so many will face reality.

Share this post


Link to post
Share on other sites
Just now, Freki said:

I am just stating that it will be hard for a lot of people. And like in any crisis there are some winners. I would like to think I'll be one of them (worldwide shortage of skill in my work and non UK -EU- NA related job on a very safe niche...) 

But I know some people who are JAMs who will have a very difficult time. I can't care less than the LLs that have been milking me and so many will face reality.

I am not disagreeing with you, I think you are right.  Sadly all scenarios house prices dropping,rising,staying the same will cause problems.  A shame Blair/Brown didn't see this in 1999.

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

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   92 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    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.