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Is The Housing Market About To Crash? -

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Is the housing market about to crash?

Today, for the first time, my Mum thinks the housing market is going to fall. So yes, it will!

One thing, though - it's important to make it clear that a housing market 'crash' means small percentage real (and sometimes nominal) annual falls for 5 to 10 years. We'll have our work cut out in six months' time trying to persuade people that 'the crash' isn't over yet!

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Today, for the first time, my Mum thinks the housing market is going to fall. So yes, it will!

One thing, though - it's important to make it clear that a housing market 'crash' means small percentage real (and sometimes nominal) annual falls for 5 to 10 years. We'll have our work cut out in six months' time trying to persuade people that 'the crash' isn't over yet!

There is no definition of a crash so I guess if prices correct through stagnation most people wouldn't consider it was one.

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Is the housing market about to crash?

Results: Votes Per cent

Yes 14,002 46%

No 11,518 38%

Don't know 4,839 16%

Total votes: 30359

Yes just breached the 14,000 mark!!!!!!

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Today, for the first time, my Mum thinks the housing market is going to fall. So yes, it will!

One thing, though - it's important to make it clear that a housing market 'crash' means small percentage real (and sometimes nominal) annual falls for 5 to 10 years. We'll have our work cut out in six months' time trying to persuade people that 'the crash' isn't over yet!

I don't think it'll be a slow, protracted crash - simply because the bubble is so absurdly large and credit tightening will force prices down quicker. I'm betting on (and hoping for) large falls initially followed by a dead cat bounce in the Spring. Then a few years of gradual decline... property will be a dirty word by 2010. <_<

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I don't think it'll be a slow, protracted crash - simply because the bubble is so absurdly large and credit tightening will force prices down quicker. I'm betting on (and hoping for) large falls initially followed by a dead cat bounce in the Spring. Then a few years of gradual decline... property will be a dirty word by 2010. <_<

Agreed. I think this one will be a lot quicker than last time due to the BTL birigade panicking. We also had nothing like this NR debacle last time either.

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Agreed. I think this one will be a lot quicker than last time due to the BTL birigade panicking. We also had nothing like this NR debacle last time either.

Absolutely. Question I have is the BTL mortgage a dead duck at anything but older lending criteria?

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Just voted

Is the housing market about to crash?

Results: Votes Per cent

Yes 14,491 47%

No 11,611 37%

Don't know 4,884 16%

Total votes: 30,986

This is a huge shift in sentiment if it is representative. Huge!

I would say we are on for a big drop by Christmas.

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Just voted

Is the housing market about to crash?

Results: Votes Per cent

Yes 14,491 47%

No 11,611 37%

Don't know 4,884 16%

Total votes: 30,986

This is a huge shift in sentiment if it is representative. Huge!

I would say we are on for a big drop by Christmas.

You'd better have lie down after some nice M&S chocolate roll, RB. Pressing "yes" 14,491 times must have been hard work :lol:

Having a nice cup of Yorkshire Tea here.

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