Jump to content
House Price Crash Forum

Well When Will The Crash Stop ?.....


 Share

Recommended Posts

  • Replies 92
  • Created
  • Last Reply

Top Posters In This Topic

Guest barebear
for me i feel the real hpc will start in march 2009...

may end by middle 2010..

then property may stay the same bit up bit down for one more year..

then 2011 or the start of 2012...

small increase....

the fall will be min 50% from the peak...

well anybody agree ?

I agree. Perhaps London will lead the rest of the country out of it a bit before.

Link to comment
Share on other sites

House prices will trough to an average of 60% from peak at the end of 2009. the trough will reach 80% in grotty areas and in general they will stabilise for years at around 50% from peak.. Property enthusiasm will by then be a thing of the past.

Now you know :ph34r:

Link to comment
Share on other sites

I'm not listening to the doom and gloom mongers anymore. I believe what my eyes tell me.

Houses around my way have only dropped 4% which is what you probably would have dropped anyway if you had an offer.

Nobody at my work is losing their job and no homeowners I know are even 1% worried about a HPC.

All the people on here offering 30% off houses are being told to 'Do one'.

When somebody posts they bought a £250k house in a nice area that I know for £125k then I'll put my hands up and say you were right all along.

Until that happens you're just the same as the Jehova Witness's. After all ,don't they think the end of the worlds coming and they will be only ones god saves?

Believe what you like but you won't fail to notice things are on the up now.

Why are you posting here? Why are you reading this forum? It's plainly a concern for you. I don't read the lizard men secretly running the world websites because there's no point.

I was interested in hearing a counter argument to what we are seeing but you're offering none, other than to say if it's not in your face it doesn't exist.

Are there any bulls out there with an actual valid point to make?

Link to comment
Share on other sites

I'm not listening to the doom and gloom mongers anymore. I believe what my eyes tell me.

Houses around my way have only dropped 4% which is what you probably would have dropped anyway if you had an offer.

Nobody at my work is losing their job and no homeowners I know are even 1% worried about a HPC.

All the people on here offering 30% off houses are being told to 'Do one'.

When somebody posts they bought a £250k house in a nice area that I know for £125k then I'll put my hands up and say you were right all along.

Until that happens you're just the same as the Jehova Witness's. After all ,don't they think the end of the worlds coming and they will be only ones god saves?

Believe what you like but you won't fail to notice things are on the up now.

Reports have suggested that on average vendors have only received 90% of the asking price on what precious few sales there have been......so your 4% figure is balls off the bat. It's anectodal anyway, as is 'believing with your eyes'. I see a housing market which is waiting for a return to a boom that won't return, you think vendors will be satisfied with returning to 2007 prices ? The greed we as a nation have exhibited over the last decade means that there will be a lot of head in sands for a long time yet....what your seeing isn't prices holding their value but vendors in a state of denial......house price sales have dropped off a cliff ffs [the fact house prices haven't followed suit is because the army of public sector workers who believe nulabour and the council will keep them in their job for life] as yet there are a lot of people who aren't forced to sell but waiting to sell is just costing them money as they won't gain from waiting unless they are prepared to wait 5 or 6 years (some of the 2011 and 2012 predictions are erroneous anyway),

and why should homeowners worry about hpc, as we've said a million times negative equity and hpc is not a big issue for a homeowner......even channel 4, the one that flogged property porn for the amatuer property speculator for years now realise that the boom is gone, and have dropped the property porn like a hot potato. Concentrating on 'homes' not property.

So idiots like mark adams on the bbc can prattle on about pent up demand and lack of housing and other untruths as much as they want, but the game is up, and even if the banksters pass on any interest rate cuts in the new year, the 2million+ unemployed mean that the general figures will remain gloomy. IF your friends aren't worried then fine, but don't be a hpc denier as you make yourself look stupid.....a hpc is a slow gradual process. This one has seen sharp falls but that's because property was so overinflated, the situation of the economy dictates that overinflated 2007 prices won't return for many many years. And nice areas arne't insulated from falls in less desirable areas. And the conditions that caused the house price bubble in the first place are gone for ever, i don't see cash buyers falling over themselves to match your friends' overinflated values. That just leaves ftb's who are dealing with banks that lend more prudently, a job market for ftb's that is looking increasingly shaky, and can now rely less on bnak of mum and dad who now have to plug the holes in their own finances......house price speculation over the next 12 months at anything other than 50% off would be absolute madness. So expect more falls and no quick pickup.....we've already had over a year of falls, nothing will stop an oil tanker like a hpc from turning around at anything other than a snails pace.

Edited by spivtastic
Link to comment
Share on other sites

I'm not listening to the doom and gloom mongers anymore. I believe what my eyes tell me.

Houses around my way have only dropped 4% which is what you probably would have dropped anyway if you had an offer.

Nobody at my work is losing their job and no homeowners I know are even 1% worried about a HPC.

All the people on here offering 30% off houses are being told to 'Do one'.

When somebody posts they bought a £250k house in a nice area that I know for £125k then I'll put my hands up and say you were right all along.

Until that happens you're just the same as the Jehova Witness's. After all ,don't they think the end of the worlds coming and they will be only ones god saves?

Believe what you like but you won't fail to notice things are on the up now.

On the other hand, there are quite a lot of similarities between property bulls and Jehovah’s Witnesses.

One are a deluded minority group who believe in an unrealistically rosey future, with a minimal grasp of reason or logic who regularly force their outlandish views on homeowners who can clearly see they are talking rubbish…

…and the other lot are Jehovah’s Witnesses!

Link to comment
Share on other sites

Reports have suggested that on average vendors have only received 90% of the asking price on what precious few sales there have been......so your 4% figure is balls off the bat. It's anectodal anyway, as is 'believing with your eyes'. I see a housing market which is waiting for a return to a boom that won't return, you think vendors will be satisfied with returning to 2007 prices ? The greed we as a nation have exhibited over the last decade means that there will be a lot of head in sands for a long time yet....what your seeing isn't prices holding their value but vendors in a state of denial......house price sales have dropped off a cliff ffs [the fact house prices haven't followed suit is because the army of public sector workers who believe nulabour and the council will keep them in their job for life] as yet there are a lot of people who aren't forced to sell but waiting to sell is just costing them money as they won't gain from waiting unless they are prepared to wait 5 or 6 years (some of the 2011 and 2012 predictions are erroneous anyway),

and why should homeowners worry about hpc, as we've said a million times negative equity and hpc is not a big issue for a homeowner......even channel 4, the one that flogged property porn for the amatuer property speculator for years now realise that the boom is gone, and have dropped the property porn like a hot potato. Concentrating on 'homes' not property.

So idiots like mark adams on the bbc can prattle on about pent up demand and lack of housing and other untruths as much as they want, but the game is up, and even if the banksters pass on any interest rate cuts in the new year, the 2million+ unemployed mean that the general figures will remain gloomy. IF your friends aren't worried then fine, but don't be a hpc denier as you make yourself look stupid.....a hpc is a slow gradual process. This one has seen sharp falls but that's because property was so overinflated, the situation of the economy dictates that overinflated 2007 prices won't return for many many years. And nice areas arne't insulated from falls in less desirable areas. And the conditions that caused the house price bubble in the first place are gone for ever, i don't see cash buyers falling over themselves to match your friends' overinflated values. That just leaves ftb's who are dealing with banks that lend more prudently, a job market for ftb's that is looking increasingly shaky, and can now rely less on bnak of mum and dad who now have to plug the holes in their own finances......house price speculation over the next 12 months at anything other than 50% off would be absolute madness. So expect more falls and no quick pickup.....we've already had over a year of falls, nothing will stop an oil tanker like a hpc from turning around at anything other than a snails pace.

i agree with what say.. but on interst rates...

i beg to differ......

i feel the interst rates coming down is a scam on the savers...

savings rates will come down to 1% to 2%....

loans for homes will not come down below 5%..

loans for buying cars will cost around 12% to 15 %...

from the banks...

only the car companys will give cheap loans for ther cars.

all other loans will cost between 12% to 15% + bank charges of 1% to 3%...just to get the loan...

all roll over loans will be charged at this + bank charges...

just a scam to stuff the savers.....theft...by god the bankers brown..+ his gov..

this interst rates by boe coming down will make some mugs ..feel things will be back to ther norm in no time :lol:

the gov..lent the bail out money at 12% fixed....to the banks....

the boe can put rates at 0 but loans will cost min 4.5 % and above.....by the banks..

scam ,,sacam,,scam,,,see it for what it is pls..

his not god to the bankers for nothing..

Link to comment
Share on other sites

So BXLONDONMAN

You want to press your views on this site without posting credentials or history or even your background or why you are posting your cystal ball view of the whole of the World economy.

Nice try.

As I said before - you need to linger here a bit.

You sound like a "spook" to me.

I say again - you are dealing with very, very clever people on this website - they won't buy your bite.

Who are you?

What's your background?

Why do you believe what you do - what evidence do you have?

Folks on this site need evidence - we don't just comment for the hell of it - unless we've had a few glasses of wine and are being nice to newbies.

You have 30 posts more than him and you're calling him a newbie :lol:

Link to comment
Share on other sites

:lol: Are there?!

Certainly there's a lot who think they're very clever.

Just out of interest, who did you have in mind as "very, very clever"?

How the hell do you know what people think? On an anonymous forum you can post what you like. It does'nt have to be what you actually think though ;)

Link to comment
Share on other sites

How the hell do you know what people think? On an anonymous forum you can post what you like. It does'nt have to be what you actually think though ;)

How do you know he thinks that? Maybe he's just saying it, and not what he's actually thinking... :ph34r:

Link to comment
Share on other sites

At auction prices are showing about 30% off from peak. How many people think this is the bottom? Normal asking prices have a long way to go, but I had always thought 30% off would be the bottom and some houses are nearly there.

prices will go down for sure...

god to the bankers pm brown will not save the property market....

only some scam offer subject to them getting in..just before the election...

look out for a snap election next year...

come march 2009 some really bad news....and brown will have his excuses ready.....for the snap election...

still 50% less then peak is for sure...

all the bad news is still to come....

i am sure the banks and building societys are getting ready for huge amount of repos after xmas....

how many more bn can he pump in to the system...

i know it is funny money ...ther will come a point soon...

the game will be up.....hyper inf....will come...

this mad man must be stopped....

V.A.T. is going up next year...2009

watch out...scam master is in no 10.........

if he keeps putting bns more in then it is worth buying...

as the houses will hold value as our money is worth zip.....hyper inf....could come..

Link to comment
Share on other sites

prices will go down for sure...

god to the bankers pm brown will not save the property market....

only some scam offer subject to them getting in..just before the election...

look out for a snap election next year...

come march 2009 some really bad news....and brown will have his excuses ready.....for the snap election...

still 50% less then peak is for sure...

all the bad news is still to come....

i am sure the banks and building societys are getting ready for huge amount of repos after xmas....

how many more bn can he pump in to the system...

i know it is funny money ...ther will come a point soon...

the game will be up.....hyper inf....will come...

this mad man must be stopped....

V.A.T. is going up next year...2009

watch out...scam master is in no 10.........

if he keeps putting bns more in then it is worth buying...

as the houses will hold value as our money is worth zip.....hyper inf....could come..

Yoda you are.

Link to comment
Share on other sites

50% off is the bottom. Won't happen for a while yet.

i have to agree its not going to happen this year...by march 2009 things will start to happen...by the end of 2009 i reckon we will be nearly there or very close to being there...... ;)

i wonder if one can get a price from the bookies of how bad a HPC ther will be...

i wonder what the odds for 50% by the end of next year....just look at N.I. what happend ther this year...

the market changes in a flash...in property prices a flash is between 6 months to 18 months for a big drop or rise...

Link to comment
Share on other sites

for me i feel the real hpc will start in march 2009...

may end by middle 2010..

then property may stay the same bit up bit down for one more year..

then 2011 or the start of 2012...

small increase....

the fall will be min 50% from the peak...

well anybody agree ?

I think you are quite right. I can't see how financing is going to be as freely available as it was.

Link to comment
Share on other sites

I think you are quite right. I can't see how financing is going to be as freely available as it was.

yes your right thats one of the reasons why prices, are not going up no time soon..

no more liar loans for 2 or 3 years. will also do the trick...in helping bring prices down...

for all those people who say my house is worth x.....its only worth what you can sell it for. not what you or your agent think..its worth.

1m more out of work will also help bring prices down....this last one is sad, but its down to browns boom and bust...i thought he got rid of it..

what do i know zip...god to the bankers brown...knows all..he has the bankers best intersts at heart..

thats why V.A.T will go up next year....

Link to comment
Share on other sites

Lot 29 ( Guide Price: 180-190 )

Vendor: Clive Emson

Address: 83 Ware Street, Bearsted, Maidstone, Kent, ME14

The description from the Clive Emson website is: Freehold Semi-Detached House Three Floor 5 Room(s) Garden Parking Space Vacant © Clive Emson

Map: Click Here

Last Sold Price: £322,000 on 01/07/2005

Auction Result: Unsold ( Highest Bid was: £150,000 )

Today's auction price results in a Loss of £172,000 ( 53.4% ) since purchase on 01/07/2005.

Any inaccuracies, errors or suggestions for improvements to the reports, please PM me

View this auction Live

View summary of this lot

This one's in your neck'o'the woods isn't it Sibley! -Nice area? crumby area? serious question.

Link to comment
Share on other sites

50% off is the bottom. Won't happen for a while yet.

I bought a flat back in '91. starting price of 60k , I paid 35k. Was self employed at the time with no accounts got a loan easy, banks were desperate to sign anyone up.

This will happen again but will take a few years.

Link to comment
Share on other sites

I bought a flat back in '91. starting price of 60k , I paid 35k. Was self employed at the time with no accounts got a loan easy, banks were desperate to sign anyone up.

This will happen again but will take a few years.

yes you said it...no time soon it will take a few years to get liar loans going again......we all know that ther are not many people out ther earing 150k or above...

evertime i come back to london i look around at the job adds...wages on offer and the price of property are way out of sink....

in london it seems 7x to 12 x incomes must be the norm...unless you go to the bank of mum and dad..to get a very large deposit..

wages in the uk in 2007 were 2x the rest of europe this has come down to about 1.5...and from what i can see wages in london will not go up much in the next 2 to 3 years..

2007 was the high point for london wages and property prices...people on average wages what sort of chance did they have to buy at 2007 prices.

i am intersted to know. how many people earn between say 40k to 75k...and how many people earn below 40k....this average wage the gov gives out seems false to me....

most of the jobs i see or i know people.who are being paid between 25k to 60k and 60k is max i know...so what that says to me. is ther are not many earing above...

only people i know in the property, game earn what you could call big money.... i only know from the news papers about the city boys were getting 1m or above....or amounts like that..

liar loans must have been the order of the day....if you look at the average loan for a house given out in 2007..the tax man must have made many bns....

yet the liar loan takers got there loans...and paid no tax...they should be made to pay tax on ther liar wages...that would bring in a few extra bns....this should be used to build moe propetys for ftbs.at fair prices.

next year will bring intersting times for all good or bad........

Link to comment
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...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • 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.