Jump to content
House Price Crash Forum
lagos36

Is The Crash Really Starting?

Recommended Posts

I have not been on here for quite some time and I have been totally out of touch with the housing market, I spoke to a British bricklayer while working here in Canada and he says the crash is well under way with prices coming down and construction work drying up and wages coming down. Is there any truth in this or has he got it wrong?

Share this post


Link to post
Share on other sites
I have not been on here for quite some time and I have been totally out of touch with the housing market, I spoke to a British bricklayer while working here in Canada and he says the crash is well under way with prices coming down and construction work drying up and wages coming down. Is there any truth in this or has he got it wrong?

It's true. And more violent than my most optimistic bearish wet dreams.

Share this post


Link to post
Share on other sites
It's true. And more violent than my most optimistic bearish wet dreams.

Thats great , I am very happy about that, the more the prices come down the better IMO, it was always going to happen it was just a matter of when , not if, I thought it was on the cards 3 years ago.

Share this post


Link to post
Share on other sites

Nah, he's only havin a laugh. property only ever goes up. Honest. By the way I know a lovely two bed luxury appt. that'd be right up your street...

Share this post


Link to post
Share on other sites
I have not been on here for quite some time and I have been totally out of touch with the housing market, I spoke to a British bricklayer while working here in Canada and he says the crash is well under way with prices coming down and construction work drying up and wages coming down. Is there any truth in this or has he got it wrong?

The government is doing its best to soften the blows.

Muppets :lol::lol::lol::lol::lol:

Share this post


Link to post
Share on other sites

I went on a train ride around Kent at the weekend. Everyone I sat near was talking about the recession, as if we're in one already.

I guess they're right :unsure: .

Share this post


Link to post
Share on other sites

No .. no ... no :angry:

House Prices will increase 25 to 30% over the next two years. A group of people with vested interests said so, and so did a bunch of fishy forum members ;)

Share this post


Link to post
Share on other sites
What's the situation in Canada?

The situation here in Vancouver is pretty healthy, loads of construction going on everywhere and house prices remain high, no sign of any leveling off in prices , quite different from the situation next door in the US and back home in Blighty.

Share this post


Link to post
Share on other sites
The situation here in Vancouver is pretty healthy, loads of construction going on everywhere and house prices remain high, no sign of any leveling off in prices , quite different from the situation next door in the US and back home in Blighty.

http://www.canadian-housing-price-charts.2...price_chart.htm

"This chart shows Vancouver detached, attached and apartment (condo) prices. In June all three categories retreated from their April-May 2008 record highs. Sales continue to plummet at 24% M/M and 43% Y/Y. Since April, the combined residential inventory has risen 21% Y/Y"

Share this post


Link to post
Share on other sites

ouch !

Bankers in towers

Working in fractions

Causing nightmares

On Wall Street

Of credit contractions

The money supply

Has stopped in it's tracks

Repossess some more homes

Came the word from the fax.

Edited by the anti krust

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.

  • 399 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.