Jump to content
House Price Crash Forum
hostman

Times: ".. Don’t Bother Trying To Get A Mortgage ..

Recommended Posts

Guest Bart of Darkness

I was working on a 33% deposit (based on current overblown prices). If prices come down, I reckon I could manage 50%.

Bring it on!

Share this post


Link to post
Share on other sites
Why will this affect the property market?

If there are no mortgages available, buyers cannot buy houses. Sellers have either to withdraw the property from the market or accept a much lower price.

:rolleyes:

First-time buyers should stay away for the time being, while other buyers should search for bargains at property auctions and negotiate hard.

:rolleyes:

Share this post


Link to post
Share on other sites

The article did get me a wee bit concerned, as I'll be all set to buy with a 12% deposit by August. Of course its unlikely I'll buy at that time (baby will be born in August(!) and house prices will be at least 18 months away from bottoming by the summer).

But if prices drop significantly as we all anticipate, my 12% could easily become 20-30%.

Share this post


Link to post
Share on other sites

"it is probably a good idea to avoid selling" - what authority does this muppet think he has to give out crap advice like this?

IMO the media have large part to play in fueling bubbles, their "everything will be ok" bullsh$t just sucks more sheeple into the flames....

Edited by yameesh

Share this post


Link to post
Share on other sites
"it is probably a good idea to avoid selling" - what authority does this muppet think he has to give out crap advice like this?

IMO the media have large part to play in fueling bubbles, their "everything will be ok" bullsh$t just sucks more sheeple into the flames....

Just ignore them -- "News"paper sales are steadily declining --- they repeat endless crap and drivel day in day out, year in year out...... Bunch of amateurs - load of cr@p..... forget'em!! :lol:

Share this post


Link to post
Share on other sites
Guest Bart of Darkness
Just ignore them -- "News"paper sales are steadily declining --- they repeat endless crap and drivel day in day out, year in year out...... Bunch of amateurs - load of cr@p..... forget'em!! :lol:

The only one I read is The Metro, and that's because there's not much else to do on the bus.

"News" stories for the next week:

Princess Diana still dead, we have pictures!

Madelaine still missing.

Heather Mills "richer than God" but still cheated by Macca.

TV star XXX in saucy "romp" with Big Brother "star" YYY.

And for sports fans:

England lose at something or other (ad nauseum).

Share this post


Link to post
Share on other sites

According to one of the comments, a 25% drop isn't that bad, it's only a 'blip'.

Will this be part of the new culture of denial? EG 'yes, prices have dropped by 90% but historically this is a reversion to norms blah blah not a crash blah blah'

Share this post


Link to post
Share on other sites
First-time buyers should stay away for the time being, while other buyers should search for bargains at property auctions and negotiate hard.

I thought there was all this pent-up demand?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

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.