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antwacky

No Sign Of House Price Crash

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Would somebody like to tell my that, while we are all whooping it up on here regarding a house price crash, sales are still going strong in the north west, namely Liverpool and the Wirral. Check out statistics for the area.

It is very confusing.

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Would somebody like to tell my that, while we are all whooping it up on here regarding a house price crash, sales are still going strong in the north west, namely Liverpool and the Wirral. Check out statistics for the area.

It is very confusing.

I really dont see there being a crash for the forseeable future. Too many factors are still holding prices up.

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what factors?

Not saying you are wrong, it is just that evidence helps.

Historically low interest rates

Easy credit endlessly advertised

Record levels of employment

Inadequate supply of family homes

Greed

Fear of being priced out

Pensions are unsafe - property as pension

BTL tax breaks

MEW and inheritance feeding the system

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Historically low interest rates

Easy credit endlessly advertised

Record levels of employment

Inadequate supply of family homes

Greed

Fear of being priced out

Pensions are unsafe - property as pension

BTL tax breaks

MEW and inheritance feeding the system

2 bear posters cracked yesterday and signalled they had lost their bottle and were going to buy - just think how joe public is influenced

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2 bear posters cracked yesterday and signalled they had lost their bottle and were going to buy - just think how joe public is influenced

Ha, I said I was going to buy a house soon. Though I'm still confident of a crash, soonish. But if it's sticky downwards, sod it, I can't wait.

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Ha, I said I was going to buy a house soon. Though I'm still confident of a crash, soonish. But if it's sticky downwards, sod it, I can't wait.

Then you must be the third :lol:

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Two cracked! well thats that then bloody ell!

Which bit of HPC are you converted to? I am not being sarcastic by the way.

It was an attempt at irony because i really cant see a crash coming

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Guest portwinestain
Historically low interest rates

Easy credit endlessly advertised

Record levels of employment

Inadequate supply of family homes

Greed

Fear of being priced out

Pensions are unsafe - property as pension

BTL tax breaks

MEW and inheritance feeding the system

your post is a year out of date

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You forgot to mention stupidity :P

Historically low interest rates

Easy credit endlessly advertised

Record levels of employment

Inadequate supply of family homes

Greed

Fear of being priced out

Pensions are unsafe - property as pension

BTL tax breaks

MEW and inheritance feeding the system

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Historically low interest rates

6% would be low if house prices were £60K not £200K

Easy credit endlessly advertised

Easy come & easy go as millions will find out

Record levels of employment

Yeap, immigrant wages will support HPI. Pigs might also fly

Inadequate supply of family homes

:lol:

Greed

Greed will be a good reason for HPC not HPI in today's market

Fear of being priced out

Millions are already priced out, nothing to fear for anymore.

Pensions are unsafe - property as pension

Yeap IO mortgage on overpriced property, with 3% yield, sounds safe to me

BTL tax breaks

Yields are already historically low so no breaks will save BTL.

MEW and inheritance feeding the system

You can MEW when rates are 3.5% and HPI is 20% but the game is over.

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well not in manchester it aint mate f all is selling

This is true.

Watching places on the market for 18 months round my way.

As for 'It's not about sales, it's about prices!!' thats nonsense.

A house is worth what the market will pay - if the market wont pay (no sale) then its not worth what youre asking.

A no sale means 'overpriced' regardless of market conditions.

Ha, I said I was going to buy a house soon. Though I'm still confident of a crash, soonish. But if it's sticky downwards, sod it, I can't wait.

Wow! And after only 3 months and 86 posts on the site!

Easily dissuaded, arent you?

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I can vouch to a limited extent for Manchester. I was looking around Altrincham about 9 months ago (same time I found this site).

Of the houses I was looking at many are still on the market at the same price, unsold. A few have sold to be fair, but I don't see any obvious price increases since I started looking. Which means I have successfully banked quite a wad towards a deposit in that time and will still be able to buy a house at roughly the same price, if I want.

With money supply headed the way it is, and with interest rates likely to follow I see no good reason to jump on board at the moment.

Edited by libspero

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I've been looking at the bottom end of the Liverpool/Wirral prices regularly for years, and believe you me, there is a steady rise. The prices of the cheapest have gone up around 10k in the last 6 months. Most of the bottom end are shared ownership now.

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I've been looking at the bottom end of the Liverpool/Wirral prices regularly for years, and believe you me, there is a steady rise. The prices of the cheapest have gone up around 10k in the last 6 months. Most of the bottom end are shared ownership now.

and yet the recent auctions at Sutton Kersh and Venmores were dire beyond belief. <_<

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We moved house a year ago and have been keeping an eye on the local market (in Stockport) ever since. Plenty of houses of the type we sold have gone up for sale, but none has sold for more than we got in April last year.

Also, many of the houses that were on the market a year ago, mainly larger 4-bed places, are still on the market and with reduced asking prices.

The most important difference however, is attitude. People generally do not expect prices to rise in the short term. More and more are expecting falls. Attitudes are far more important than statistics as this housing bubble is kept inflated purely by public confidence.

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