lookingafterthekids Posted March 23, 2006 Share Posted March 23, 2006 Econmic theory and doom mongering aside. Where is the house price crash? Where is cruise crash speed? Despite your need for a HPC, it hasn't happened yet and despite the fact that I think prices will fall in 2006, I'm afraid to say that I think your house price christmas day may be a long time coming. Surely there is only so many times you can tell yourself "There will be a crash, there will be a crash". I think it's time to agree: "House prices may fall but not by the same amount and not accross the board" Admit it people or you stand a good chance of looking foolish :-))) Quote Link to comment Share on other sites More sharing options...
New Darker Law Posted March 23, 2006 Share Posted March 23, 2006 ...."House prices may fall but not by the same amount and not accross the board" Admit it people or you stand a good chance of looking foolish :-))) And only a short while ago, people like you were saying houses only ever go up. Blah blah blah, boring, awooga etc etc bleurgh! NDL Quote Link to comment Share on other sites More sharing options...
apom Posted March 23, 2006 Share Posted March 23, 2006 (edited) Econmic theory and doom mongering aside. Where is the house price crash? Where is cruise crash speed? Despite your need for a HPC, it hasn't happened yet and despite the fact that I think prices will fall in 2006, I'm afraid to say that I think your house price christmas day may be a long time coming. Surely there is only so many times you can tell yourself "There will be a crash, there will be a crash". I think it's time to agree: "House prices may fall but not by the same amount and not accross the board" Admit it people or you stand a good chance of looking foolish :-))) Of course they don't fall by the same amount or accross the board.. I have seen massive discounts against new builds.. and they are still empty.. and two more large estates getting built.. can't imagine who is going to move in.. Older smaller homes are selling.. two bed terraces.. but larger homes are languishing. very badly Is the ladder broken.?? Mervin King siad that it would be by very low inflation and I guess massive house prices don't help either Edited March 23, 2006 by apom Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted March 23, 2006 Share Posted March 23, 2006 (edited) Econmic theory and doom mongering aside. Where is the house price crash? Where is cruise crash speed? Despite your need for a HPC, it hasn't happened yet and despite the fact that I think prices will fall in 2006, I'm afraid to say that I think your house price christmas day may be a long time coming. Surely there is only so many times you can tell yourself "There will be a crash, there will be a crash". I think it's time to agree: "House prices may fall but not by the same amount and not accross the board" Admit it people or you stand a good chance of looking foolish :-))) You can make a reasonable point without sounding so smug ya know, Just try it. There are plenty who contribute on here who, despite the forum title, do not believe in the crash scenario, more a long term drawn out torture as deflationary pressures come to bear and cause economic stagnation is my take. You do not have to be so imflammatory....however it`s fun I suppose, if the tack hadn`t been tried a hundred times before that is Edited March 23, 2006 by Converted Lurker Quote Link to comment Share on other sites More sharing options...
Battenberg Posted March 23, 2006 Share Posted March 23, 2006 Econmic theory and doom mongering aside. Where is the house price crash? Where is cruise crash speed? Despite your need for a HPC, it hasn't happened yet and despite the fact that I think prices will fall in 2006, I'm afraid to say that I think your house price christmas day may be a long time coming. Surely there is only so many times you can tell yourself "There will be a crash, there will be a crash". I think it's time to agree: "House prices may fall but not by the same amount and not accross the board" Admit it people or you stand a good chance of looking foolish :-))) Not that old chestnut again Quote Link to comment Share on other sites More sharing options...
lookingafterthekids Posted March 23, 2006 Author Share Posted March 23, 2006 Wrong. Read my previous posts. In fact, I will state now that less than 80% of properties will see prices falls. Silly billy london newbuild flat owners will run the fastest. It might be time to toughen up, stop tittle tattling about you said this he said that and face facts. Sorry I get most of my cheap properties from people wanting to sell quickly. And at the moment, they aren't. They are risking placing their properties on the open market and on average are achieving 93 - 96% of the original agents valuation. Not bad for them. Bad for you lot. And me! Quote Link to comment Share on other sites More sharing options...
apom Posted March 23, 2006 Share Posted March 23, 2006 Wrong. Read my previous posts. In fact, I will state now that less than 80% of properties will see prices falls. Silly billy london newbuild flat owners will run the fastest. It might be time to toughen up, stop tittle tattling about you said this he said that and face facts. Sorry I get most of my cheap properties from people wanting to sell quickly. And at the moment, they aren't. They are risking placing their properties on the open market and on average are achieving 93 - 96% of the original agents valuation. Not bad for them. Bad for you lot. And me! don't forget that in times where inflation was not being strictly managed house prices did not fall. but the economy did suffer such catastrophic inflation that affodability was achieved.. but in a way that Mervin King has taken great pains to ensure that we know inflation will not rescue again. Three times that housing market has failed, and it has done so after every boom. Only once did prices actually fall. That was last time. and we have been promised that this time it will be worse Quote Link to comment Share on other sites More sharing options...
Ferret Posted March 23, 2006 Share Posted March 23, 2006 I get most of my cheap properties from people wanting to sell quickly. And at the moment, they aren't. They are risking placing their properties on the open market and on average are achieving 93 - 96% of the original agents valuation. Not bad for them. Bad for you lot. And me! Well it`s not our fault you aint earning any money, can`t you claim unemployment benefit. Quote Link to comment Share on other sites More sharing options...
feltsorryfor Posted March 23, 2006 Share Posted March 23, 2006 In fact, I will state now that less than 80% of properties will see prices falls. There's a thin line between bravery & stupidity... are you brave? Quote Link to comment Share on other sites More sharing options...
Golden Shower Posted March 23, 2006 Share Posted March 23, 2006 don't forget that in times where inflation was not being strictly managed house prices did not fall. but the economy did suffer such catastrophic inflation that affodability was achieved.. but in a way that Mervin King has taken great pains to ensure that we know inflation will not rescue again. Three times that housing market has failed, and it has done so after every boom. Only once did prices actually fall. That was last time. and we have been promised that this time it will be worse Not sure if the Merv bit is strictly tru. I think he said that inflation and IRs will remain low for the foreseeable future, but he saw them rising once the China/India thing unwinds. Quote Link to comment Share on other sites More sharing options...
Bingley Bloke Posted March 23, 2006 Share Posted March 23, 2006 Econmic theory and doom mongering aside. Where is the house price crash? Where is cruise crash speed? Despite your need for a HPC, it hasn't happened yet and despite the fact that I think prices will fall in 2006, I'm afraid to say that I think your house price christmas day may be a long time coming. Surely there is only so many times you can tell yourself "There will be a crash, there will be a crash". I think it's time to agree: "House prices may fall but not by the same amount and not accross the board" Admit it people or you stand a good chance of looking foolish :-))) Here in Bingley 10% (that's 25% of the expected crash) is being lopped-off the prices of properties on a regular basis. You seem to imply that we expect the crash to happen in one almighty 'Black Monday' type event. We don't. It'll happen over years. Part of it will be property prices falling, and part of it will be wages rising. We won't actually see prices fall by the percentages being talked about, what will happen is wages will rise and things will settle in the region of average house price = 3 times average salary, the higher wages giving the impression of a larger drop in house prices than has actually happened. That's what I believe anyway. Could be 5-8 years though before we reach that point. Quote Link to comment Share on other sites More sharing options...
BandWagon Posted March 23, 2006 Share Posted March 23, 2006 Econmic theory and doom mongering aside. Where is the house price crash? Where is cruise crash speed? Despite your need for a HPC, it hasn't happened yet and despite the fact that I think prices will fall in 2006, I'm afraid to say that I think your house price christmas day may be a long time coming. The doom-mongers are the one who seem to think that high prices are good for the economy and people. You may not have noticed that the economy has slowed down dramatically, and unemployment is now rising. It's cyclical, always has been and always will be. Best you rather keep looking after the kids. Quote Link to comment Share on other sites More sharing options...
lookingafterthekids Posted March 23, 2006 Author Share Posted March 23, 2006 Question - did anyone here really notice the 92" recession? Did it affect you day to day life. I bet it didnt if 1) You had little debt or borrowing 2) You did not live beyond your means 3) You had a few brain cells. "And we have been promised that this time it will be worse" - If you sit there shit*ing yourself, believing everything that they tell you, unwilling to move and adjust then, yes, there will be a MASSIVE house price crash, and YES the sky will fall in. NO ONE can predit EVERYTHING correctly 100% of the time and this is the funniest thing. The general premise on this board is that you lot can. :-)))) Well it`s not our fault you aint earning any money, can`t you claim unemployment benefit. Never. I prefer being out there earning a wage by using my wits and not whinging about how bad things are or will become There's a thin line between bravery & stupidity... are you brave? Yes.If i was stupid I'd spend my time posting cra* on message boards about what MAY be. Here in Bingley 10% (that's 25% of the expected crash) is being lopped-off the prices of properties on a regular basis. You seem to imply that we expect the crash to happen in one almighty 'Black Monday' type event. We don't. It'll happen over years. Part of it will be property prices falling, and part of it will be wages rising. We won't actually see prices fall by the percentages being talked about, what will happen is wages will rise and things will settle in the region of average house price = 3 times average salary, the higher wages giving the impression of a larger drop in house prices than has actually happened. That's what I believe anyway. Could be 5-8 years though before we reach that point. 10% of prices on a regular basis - is that daily, weekly, monthly yearly? The second paragraph just confirms that there probably wont be a crash. Quote Link to comment Share on other sites More sharing options...
algor Posted March 23, 2006 Share Posted March 23, 2006 (edited) Yes.If i was stupid I'd spend my time posting cra* on message boards about what MAY be. And that's why the sub-title is "it ain't happening people"? Edited March 23, 2006 by algor Quote Link to comment Share on other sites More sharing options...
Yankee Posted March 23, 2006 Share Posted March 23, 2006 Wrong. Read my previous posts. In fact, I will state now that less than 80% of properties will see prices falls. Silly billy london newbuild flat owners will run the fastest. It might be time to toughen up, stop tittle tattling about you said this he said that and face facts. Sorry I get most of my cheap properties from people wanting to sell quickly. And at the moment, they aren't. They are risking placing their properties on the open market and on average are achieving 93 - 96% of the original agents valuation. Not bad for them. Bad for you lot. And me! My experience is that prices are falling--up to 20% in the small area where I'm looking. Also, houses are definitely staying on the market longer. (That's because the prices are still too high.) Are some homes selling? Sure. Some people always buy at the top of markets. But the prices are definitely down and properties are taking longer to move than they were 2 to 3 years ago, when I started looking to buy. So, frankly, I don't care what you think--or do. Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted March 23, 2006 Share Posted March 23, 2006 Not even worth a response. What's that noise I can hear? durrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr Quote Link to comment Share on other sites More sharing options...
Michael Hunt Posted March 23, 2006 Share Posted March 23, 2006 (edited) Here in Bingley 10% (that's 25% of the expected crash) is being lopped-off the prices of properties on a regular basis. You seem to imply that we expect the crash to happen in one almighty 'Black Monday' type event. We don't. It'll happen over years. Part of it will be property prices falling, and part of it will be wages rising. We won't actually see prices fall by the percentages being talked about, what will happen is wages will rise and things will settle in the region of average house price = 3 times average salary, the higher wages giving the impression of a larger drop in house prices than has actually happened. That's what I believe anyway. Could be 5-8 years though before we reach that point. im not having a pop here but when you say wages will be rising i dont see that happenning if the average wage is £30,000 pa inflation @2% £600 approx wage increases over the next five years = £3000 btw im in the construction game i was earning as much 5 years ago as wat im earning now the boom is well and truly over .when joe public realise this only then will we see significant downward movement in house prices every dog has its day . what i cant understand is why bulls hang around this site if they are so sure prices aint dropping or going to drop ?as ttrtr hes gotta be the strangest thing on this forum with his stupid avatar what a pr1ck Edited March 23, 2006 by Michael Hunt Quote Link to comment Share on other sites More sharing options...
DoubleBubbleTrouble Posted March 23, 2006 Share Posted March 23, 2006 Econmic theory and doom mongering aside. I love that phrase, doom mongering. Cambridge dictionary says; -monger suffix MAINLY DISAPPROVING a person who encourages a particular activity, especially one which causes trouble: So we're encouraging the activity of doom. Top quality game, yay us. BTW did you happen to have any Amazon shares in 2000? Quote Link to comment Share on other sites More sharing options...
lookingafterthekids Posted March 23, 2006 Author Share Posted March 23, 2006 My experience is that prices are falling--up to 20% in the small area where I'm looking. Also, houses are definitely staying on the market longer. (That's because the prices are still too high.) Are some homes selling? Sure. Some people always buy at the top of markets. But the prices are definitely down and properties are taking longer to move than they were 2 to 3 years ago, when I started looking to buy. So, frankly, I don't care what you think--or do. Okey dokey - wheres your area? Have prices fell 20% or are the falling UP TO 20%? Give us a central postcode and let us do the work with nethouseprices and rightmove and find out the truth. In my area properties are moving much slower, more like normal levels as opposed to 03' - 04' levels, but they are still selling and for close to valuation. Admit it - you cannot generalise about any free market. Quote Link to comment Share on other sites More sharing options...
lookingafterthekids Posted March 23, 2006 Author Share Posted March 23, 2006 I love that phrase, doom mongering. Cambridge dictionary says; -monger suffix MAINLY DISAPPROVING a person who encourages a particular activity, especially one which causes trouble: So we're encouraging the activity of doom. Top quality game, yay us. BTW did you happen to have any Amazon shares in 2000? No. Not one. Never been into shares. Did own some wonderfully profitable properties though. DBT, regarding your avatar \ banner - should it also read "Shares for people, not for profit". How about "Shops for people, not for profit". Or how about "Ebay for people, not for profits" :-)))))))))))))))))))))))))))))))))))))))))))))))))) Quote Link to comment Share on other sites More sharing options...
benjamin Posted March 23, 2006 Share Posted March 23, 2006 there is still a lot of life left in the market yet. one of the estate agents whom i visit had their best ever month recently with over 40 offers accepted in 1 week(40 different houses). i don't know how the offers compared to asking prices, but over 40 in 1 week! one of my other clients is just about to add another 6 properties to his btl porfolio. madness i know, but lots of life left. it could be a long time before we see a uniform downturn. Quote Link to comment Share on other sites More sharing options...
lookingafterthekids Posted March 23, 2006 Author Share Posted March 23, 2006 Bubb, Although i respect your views, this is YOUR board on HPC so why are you asking me to predict things. Your overwhelming generalisations may be your downfall. Just as you didn't predict the rises 96' to 2001', you cant predict the falls. Quote Link to comment Share on other sites More sharing options...
feltsorryfor Posted March 23, 2006 Share Posted March 23, 2006 Yes.If i was stupid I'd spend my time posting cra* on message boards about what MAY be. Classic....now go to bed. Quote Link to comment Share on other sites More sharing options...
lookingafterthekids Posted March 23, 2006 Author Share Posted March 23, 2006 Not a classic as I do not base my current plans on what may be. Only what is. 1st April onwards looks to be another profitable property related year. And, I can stay up as I work from home when I need to which isnt too often. Quote Link to comment Share on other sites More sharing options...
feltsorryfor Posted March 23, 2006 Share Posted March 23, 2006 Admit it - you cannot generalise about any free market. Fine...so why start the thread in the first place?? And, I can stay up as I work from home when I need to which isnt too often. Bet your Dad's bigger than mine as well....Jesus. Goodbye. zzzzzzzzzzzzzzzzzzzzzzzzz Quote Link to comment Share on other sites More sharing options...
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