dances with sheeple Posted September 14, 2023 Share Posted September 14, 2023 36 minutes ago, Huggy said: Worst? No, no, no, indebted reporter. I think you'll need to find a better better word to describe this improvement. "House prices show most encouraging drop for 14 years" Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted September 14, 2023 Share Posted September 14, 2023 1 hour ago, Frankie Teardrop said: Denial, it's not just a river in Egypt. Yep Regular non motivated sellers = Denial Commercial and Motivated sellers a bit further along. Winter = fear Summer 24 = Despair End 24 = Election and capitulation 25 bottom and pumping by government Quote Link to comment Share on other sites More sharing options...
nero120 Posted September 14, 2023 Share Posted September 14, 2023 3 minutes ago, Fromage Frais said: Yep Regular non motivated sellers = Denial Commercial and Motivated sellers a bit further along. Winter = fear Summer 24 = Despair End 24 = Election and capitulation 25 bottom and pumping by government Is anyone under any realistic impression that the government's finances will be in a better shape in 2025 than now, as opposed to considerably worse? Quote Link to comment Share on other sites More sharing options...
fellow Posted September 14, 2023 Share Posted September 14, 2023 2 hours ago, Eddie_George said: It's election year next year. Expect a taxpayer-funded scheme to put a floor under prices to be announced soon. Doubt it: 1. We can't afford it. 3. There are probably now more younger voters wanting prices to fall than there are older voters wanting them to rise. 2. The pensioners are already being bribed by the triple lock and will mostly vote Conservative anyway. 4. We can't afford it. Quote Link to comment Share on other sites More sharing options...
Up the spout Posted September 14, 2023 Share Posted September 14, 2023 34 minutes ago, msi said: No domestic buyers as BOE can't drop rates as they haven't tamed inflation and they'd be exposed to currency flight to USD/EUR. No international buyers as the UK is a basket case compared to Eurozone, US, and Switzerland.  If everyone starts holding off to 'wait for prices to come down' you have the stage for a full on crash.  Lovely I've had a hunch for a while the government has run out of tricks to boost housing, and that isn't going to change while its debts are becoming more costly to service - Truss's budget showed what irresponsible gov. borrowing results in now (as opposed to what irresponsible gov. borrowing resulted in the previous 15 years). The market looks incredibly weak, with barely even a dead cat bounce;  Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted September 14, 2023 Share Posted September 14, 2023 (edited) 8 minutes ago, nero120 said: Is anyone under any realistic impression that the government's finances will be in a better shape in 2025 than now, as opposed to considerably worse? Yes worse But someone in a nice suit will come and grease some palms and say. Â its an investment cut spend x = property market going up and you will get XX More people will work so you get x people will love you so you get x and voted in again we will make a donation of x Win Edited September 14, 2023 by Fromage Frais Quote Link to comment Share on other sites More sharing options...
jevans Posted September 14, 2023 Share Posted September 14, 2023 It's all ******ed from here, either interest rate keep going up which breaks the housing market due to affordability and mortgage lender continue to say here mate that ain't worth what you offered or rate drop because we're in recession and job loss and salary falls cause affordability to drop the housing market goes with it and mortgage lenders continue to say here mate that ain't worth what you offered. Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted September 14, 2023 Share Posted September 14, 2023 7 minutes ago, fellow said: Doubt it: 1. We can't afford it. 3. There are probably now more younger voters wanting prices to fall than there are older voters wanting them to rise. 2. The pensioners are already being bribed by the triple lock and will mostly vote Conservative anyway. 4. We can't afford it. Dad I have a loan Its going bad If I dont pay it I will loose everything and the bank will take all my things I will hate you If you borrow 1000£ I will pay off my debts and I can sell my stuff for more money and pay you back right away. I will love you Its not a expense its paying x to save xx etc etc They will defo fiddle labour have a track record as to the conservatives the only saving grace is that it is too late now and prices have not fallen far enough.  Labour have a year to resist pumping as they can blame the outgoing folk. Truss had an outside chance get rates up to 6%+ bring it all down and then good to go a shortened 2 year crash. Rishi has gone for the taper a Ponzi method and we will get the long drawn out one. Quote Link to comment Share on other sites More sharing options...
fellow Posted September 14, 2023 Share Posted September 14, 2023 (edited) . Edited September 14, 2023 by fellow Quote Link to comment Share on other sites More sharing options...
Orb Posted September 14, 2023 Share Posted September 14, 2023 1 hour ago, Up the spout said:   That graph is beautiful. The other day, I heard Charlie and Stig mention that so far, only 1/3 of mortgage holders have remortgaged at these higher rates, and that 2/3 are still yet to do so, and will do over the coming year or so. I can see that graph FLYING down much further yet, through all of 2024. Exciting times ahead for the HPC crowd. Quote Link to comment Share on other sites More sharing options...
nero120 Posted September 14, 2023 Share Posted September 14, 2023 Â Quote Link to comment Share on other sites More sharing options...
coypondboy Posted September 14, 2023 Share Posted September 14, 2023 Most sensible people (me included) fixed for 5 yrs at 1% 2 yrs ago so most have another 3 yrs before they see a big increase and hopefully rates will be lower then they are at the moment so think the pain will be seen in 3 yrs time. Quote Link to comment Share on other sites More sharing options...
Dreamcasting Posted September 14, 2023 Share Posted September 14, 2023 House prices will end up being the least of people's concerns judging by the way the GBP is going in one direction and oil in the other. We're going to get absolutely clobbered this time, especially with Bailey in charge. Quote Link to comment Share on other sites More sharing options...
Unmoderated Posted September 14, 2023 Share Posted September 14, 2023 3 hours ago, mynamehere said: It's possible to gently prod, without annoying the agent. Ask for an online brochure, reply to the email which usually includes an invite to view, with something like 'Looks great, but it's over budget sadly. Long shot, but if it does come down to £xxx, feel free to contact me to arrange a viewing'. If you are miles off, agent can just ignore you without awkwardness. If you are pretty close, agent will generally tell you. It's a bit more difficult if you view first, as you've already wasted everyone's time, and more likely to annoy everyone involved.  Good advice. I did exactly this with my house when I bought it 6 years ago. Quote Link to comment Share on other sites More sharing options...
Stewy Posted September 14, 2023 Share Posted September 14, 2023 18 minutes ago, Dreamcasting said: House prices will end up being the least of people's concerns judging by the way the GBP is going in one direction and oil in the other. But energy that we all spend on, not just car brains, is collapsing: Â Quote Link to comment Share on other sites More sharing options...
cdd Posted September 14, 2023 Share Posted September 14, 2023 40 minutes ago, Dreamcasting said: House prices will end up being the least of people's concerns judging by the way the GBP is going in one direction and oil in the other. We're going to get absolutely clobbered this time, especially with Bailey in charge. This stupid talk of rates peaking isn't helping. They'll have to keep raising rates to support GBP. Quote Link to comment Share on other sites More sharing options...
henry the king Posted September 14, 2023 Author Share Posted September 14, 2023 9 hours ago, ftb_fml said: Great news and as always I admire your insights @henry the king however I think this whole 25yr economic atrocity will have few winners, other than those who've hoovered up multiple properties and profited off the captial growth / exploitation of unwilling renters. Price falls are modest so far and nowhere near back to anywhere sensible yet, while I don't consider the still-distant-hope of being able to actually buy somewhere to live at a sensible price after 10-15 years of my life being on hold through living at home / being rent-gouged to be winning.. Â The country wins if house prices fall vs earnings imo. Everyone in it wins too in the long term imo Quote Link to comment Share on other sites More sharing options...
henry the king Posted September 14, 2023 Author Share Posted September 14, 2023 6 hours ago, fellow said: Doubt it: 1. We can't afford it. 3. There are probably now more younger voters wanting prices to fall than there are older voters wanting them to rise. 2. The pensioners are already being bribed by the triple lock and will mostly vote Conservative anyway. 4. We can't afford it. There will be gimmicks but nothing to make any difference. Might not even be gimmicks. Nobody thought they would get rid of HTB. They didn't have to do that but they did. Quote Link to comment Share on other sites More sharing options...
henry the king Posted September 14, 2023 Author Share Posted September 14, 2023 3 hours ago, Dreamcasting said: House prices will end up being the least of people's concerns judging by the way the GBP is going in one direction and oil in the other. We're going to get absolutely clobbered this time, especially with Bailey in charge. Another oil/petrol inflation shock will just usher in a big recession imo Quote Link to comment Share on other sites More sharing options...
henry the king Posted September 14, 2023 Author Share Posted September 14, 2023 2 hours ago, cdd said: This stupid talk of rates peaking isn't helping. They'll have to keep raising rates to support GBP. They have been saying rates are near peaking since they were 1.25% Quote Link to comment Share on other sites More sharing options...
Stewy Posted September 14, 2023 Share Posted September 14, 2023 2 hours ago, cdd said: This stupid talk of rates peaking isn't helping. They'll have to keep raising rates to support GBP. Are you saying HPC posters can talk interest rates up or down? 😆 Quote Link to comment Share on other sites More sharing options...
cdd Posted September 14, 2023 Share Posted September 14, 2023 1 hour ago, henry the king said: They have been saying rates are near peaking since they were 1.25% Yes, in one form or another, they've kept people hoping for lower rates that probably aren't coming. Quote Link to comment Share on other sites More sharing options...
cdd Posted September 14, 2023 Share Posted September 14, 2023 1 hour ago, Stewy said: Are you saying HPC posters can talk interest rates up or down? 😆 I refer to the so called experts, as well as all the news reports echoing them. Quote Link to comment Share on other sites More sharing options...
staintunerider Posted September 15, 2023 Share Posted September 15, 2023 21 hours ago, jevans said: It's all ******ed from here, either interest rate keep going up which breaks the housing market due to affordability and mortgage lender continue to say here mate that ain't worth what you offered or rate drop because we're in recession and job loss and salary falls cause affordability to drop the housing market goes with it and mortgage lenders continue to say here mate that ain't worth what you offered. Nice to be able to offer money you don;t have via those nice banks who create it from the debt you sign up to.... Quote Link to comment Share on other sites More sharing options...
staintunerider Posted September 15, 2023 Share Posted September 15, 2023 17 hours ago, cdd said: This stupid talk of rates peaking isn't helping. They'll have to keep raising rates to support GBP. I'ts just to calm the sheep so they don;t freak out...slow acceptance comes later....why startle them , when can you fool them to keep them calm..... Quote Link to comment Share on other sites More sharing options...
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